UNION STORAGE OF MONTCLAIR INC

EIN: 201608608 501(c)(3) Religion

MONTCLAIR, NJ

Total Revenue
$129,839
Total Expenses
$144,255
Total Assets
$71,004
Net Assets
$52,173
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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
2004
Legal Domicile
NJ
Principal Officer
FLOYD SLATEN
Phone
9737837970
Tax Period
2024-01-01 to 2024-12-31

UNION STORAGE OF MONTCLAIR INC, founded in 2004, is a small nonprofit in the Religion sector that reported $130K in total revenue in fiscal year 2024. Expenses of $144K exceeded revenue, resulting in a 11% operating deficit.

Mission

STORAGE SPACE RENTAL FACILITY SUPPORTING ORGANIZATION OF CHURCH

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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 $0
Other Revenue $129,839
TOTAL REVENUE $129,839

Expense Breakdown

Grants Paid $0
Salaries & Benefits $53,597
Fundraising Expenses $0
Other Expenses $90,658
TOTAL EXPENSES $144,255

Year-over-Year Comparison

2024 2023 Change
Revenue $129,839 $133,767 0.0%
Expenses $144,255 $146,834 0.0%
Net Income $-14,416 $-13,067 +0.1%
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
6
Independent Members
6
Employees
2
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
1
$0
Total Directors
2
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHAMEEKA WARREN TREAS 020.00
Officer Director Key Emp
$0 $0 $0
LAVERNE WILLIAMS DIRECTOR 020.00
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 $129,839 $144,255 $71,004 $-14,416
2023 $133,767 $146,834 $115,507 $-13,067
2022 $139,366 $112,978 $110,037 $26,388
2021 $123,765 $121,160 $87,536 $2,605
2019 $152,002 $116,659 $74,843 $35,343
2018 $119,089 $107,805 $43,054 $11,284
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