NEIGHBOR PLUS INC (EIN 208449691) - 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

2007

Legal Domicile

Principal Officer

PAUL C YANG

Tax Period

2024-01-01 to 2024-12-31

NEIGHBOR PLUS INC, founded in 2007, is a small nonprofit in the Religion sector that reported $135K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $177K exceeded revenue, resulting in a 31% operating deficit.

Mission

NEIGHBOR PLUS INC IS DEDICATED TO SERVING LOCAL COMMUNITIES OF NEW JERSEY THROUGH VOLUNTEER COMMITMENTS AND FAMILY ORIENTED SERVICES AND TO THE ENRICHMENT OF LOCAL RESIDENTS' LIVES BY CULTURAL PROGRAMS AND ESSENTIAL EDUCATION IN THE SPIRIT OF LOVE AND SERVANT LEADERSHIP.

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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 $134,775

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $134,775

Expense Breakdown

Grants Paid $0

Salaries & Benefits $58,850

Fundraising Expenses $0

Program Expenses $147,153

Other Expenses $117,773

TOTAL EXPENSES $176,623

Year-over-Year Comparison

	2024	2023	Change
Revenue	$134,775	$219,756	-0.4%
Expenses	$176,623	$237,494	-0.3%
Net Income	$-41,848	$-17,738	+1.4%

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

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
PAUL C YANG	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHAN YUN JOO	CEO	1.00	Officer Director	$0	$0	$0
JUNG WHAN RYU	TREASURER	1.00	Director	$0	$0	$0
SEUNG CHUL KANG	VICE PRESIDE	1.00	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	$134,775	$176,623	$145,814	$-41,848
2023	$219,756	$237,494	$191,849	$-17,738
2022	$194,416	$257,307	$208,790	$-62,891
2021	$369,009	$294,584	$269,132	$74,425
2020	$210,862	$216,504	$221,093	$-5,642
2019	$185,324	$189,934	$194,210	$-4,610
2018	$168,732	$204,960	$200,211	$-36,228

NEIGHBOR PLUS INC