TOMS RIVER BUSINESS DEVELOPMENT CORPORATION (EIN 061667411) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Principal Officer

LEE PELTON

Phone

7323418738

Tax Period

2024-01-01 to 2024-12-31

TOMS RIVER BUSINESS DEVELOPMENT CORPORATION, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $411K in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES ARE TO ENHANCE THE ECONOMIC VIABILITY OF THE DOWNTOWN TOMS RIVER BUSINESS DISTRICT. THE ORGANIZATION WAS ESTABLISHED BY A SUPPLEMENT TO THE :CODE OF THE TOWNSHIP OF TOMS RIVER" ADDING CHAPTER 440, SPECIAL IMPROVEMENT DISTRICT DESIGNATED AND DISTRICT MANAGEMENT CORPORATION ESTABLISHED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $24,250

Program Service Revenue $386,293

Investment Income $703

Other Revenue $0

TOTAL REVENUE $411,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $196,671

Fundraising Expenses $0

Program Expenses $295,366

Other Expenses $221,122

TOTAL EXPENSES $417,793

Year-over-Year Comparison

	2024	2023	Change
Revenue	$411,246	$424,649	0.0%
Expenses	$417,793	$468,297	-0.1%
Net Income	$-6,547	$-43,648	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM BEINING	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
JOHN BROWN	DIRECTOR	N/A	Director	$0	$0	$0
JIMMY CAPONE	DIRECTOR	N/A	Director	$0	$0	$0
LISA CIFARETTO	DIRECTOR	N/A	Director	$0	$0	$0
MJ FERNANDEZ	EXECUTIVE DI	N/A	Director	$0	$0	$0
DEAN GRESEK	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL HOVANCE	CORRESPONDIN	N/A	Officer Director	$0	$0	$0
SANDRA LAZZARO	DIRECTOR	N/A	Director	$0	$0	$0
MIKE LITTLE	OWNER DIRECT	N/A	Director	$0	$0	$0
MATTHEW LOTANO	DIRECTOR	N/A	Director	$0	$0	$0
ALICE MARIN	DIRECTOR	N/A	Director	$0	$0	$0
ANTHONY PALMUCCI	DIRECTOR	N/A	Director	$0	$0	$0
MARINA PAPINIKOLAS	DIRECTOR	N/A	Director	$0	$0	$0
LEE PELTON	TREASURER	N/A	Officer Director	$0	$0	$0
PAM PINER	OWNER DIRECT	N/A	Director	$0	$0	$0
SUE QUINN	DIRECTOR	N/A	Director	$0	$0	$0
DANIEL RODRICK	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT SHEA	CHAIRMAN	N/A	Officer Director	$0	$0	$0
DANIELE SZCZYPINSKI	DIRECTOR	N/A	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$411,246	$417,793	$723,980	$-6,547
2023	$424,649	$468,297	$761,985	$-43,648
2022	$438,450	$463,377	$812,700	$-24,927
2021	$541,555	$445,374	$860,636	$96,181
2020	$344,462	$391,816	$713,474	$-47,354
2019	$406,608	$377,933	$736,490	$28,675

TOMS RIVER BUSINESS DEVELOPMENT CORPORATION