The Lower Hudson Valley Challenger Center

EIN: 133788864 501(c)(3)

Mahwah, NJ

Total Revenue
$14,337
Total Expenses
$493,077
Total Assets
N/A
Net Assets
N/A
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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
1999
Legal Domicile
NY
Principal Officer
Larry Palant
Phone
8453698885
Tax Period
2024-09-01 to 2025-08-31

The Lower Hudson Valley Challenger Center, founded in 1999, is a micro nonprofit that reported $14K in total revenue in fiscal year 2024. Revenue surged 1969% from the prior year, signaling strong growth momentum. Expenses of $493K exceeded revenue, resulting in a 3339% operating deficit.

Mission

The organizations goal is to find unique and creative ways to enhance students learning experiences.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $14,337
Other Revenue $0
TOTAL REVENUE $14,337

Expense Breakdown

Grants Paid $450,625
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $450,625
Other Expenses $42,452
TOTAL EXPENSES $493,077

Year-over-Year Comparison

2024 2023 Change
Revenue $14,337 $693 +19.7%
Expenses $493,077 $4,204 +116.3%
Net Income $-478,740 $-3,511 +135.4%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Anthony Santucci Chariman Emeritus 2.00
Director
$0 $0 $0
Steve Wulfson Chairman Emeritus 2.00
Director
$0 $0 $0
Paul Goldhamer Secretary 2.00
Officer Director
$0 $0 $0
Larry Palant Chairman 2.00
Officer 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
2025 $14,337 $493,077 No data $-478,740
2024 $693 $4,204 $478,740 $-3,511
2023 $223 $2,263 $482,251 $-2,040
2022 $440 $2,989 $484,291 $-2,549
2021 $748 $3,479 $486,840 $-2,731
2020 $3,468 $4,152 $492,071 $-684
2019 $2,702 $8,784 $492,455 $-6,082
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