ESSEX COUNTY LEGAL AID ASSOCIATION INC (EIN 221487177) - 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

1906

Legal Domicile

Phone

9086720738

Tax Period

2024-01-01 to 2024-12-31

ESSEX COUNTY LEGAL AID ASSOCIATION INC, founded in 1906, is a small nonprofit that reported $211K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $262K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROVIDE FREE EMERGENCY LEGAL HELP TO LOW-INCOME RESIDENTS OF ESSEX COUNTY, NJ FACING CIVIL LAW CRISES (THE VAST MAJORITY OF WHICH ARE EVICTION HEARINGS IN LANDLORD-TENANT COURT)

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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 $211,086

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $211,086

Expense Breakdown

Grants Paid $0

Salaries & Benefits $146,605

Fundraising Expenses $0

Program Expenses $212,601

Other Expenses $115,459

TOTAL EXPENSES $262,064

Year-over-Year Comparison

	2024	2023	Change
Revenue	$211,086	$164,694	+0.3%
Expenses	$262,064	$181,307	+0.4%
Net Income	$-50,978	$-16,613	+2.1%

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

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
Robert M Rich Esq	Treasurer	2.00	Officer Director	$0	$0	$0
Michael D Thompson Esq	Secretary	2.00	Officer Director	$0	$0	$0
Steven D Fleissig Esq	President	2.00	Officer Director	$0	$0	$0
Chris J Murphy Esq	Trustee	2.00	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	$211,086	$262,064	$217,441	$-50,978
2023	$164,694	$181,307	$255,617	$-16,613
2021	$77,367	$171,131	$139,804	$-93,764
2020	$285,629	$143,423	$153,167	$142,206
2019	$139,685	$172,850	$10,961	$-33,165
2018	$204,716	$162,487	$44,126	$42,229

ESSEX COUNTY LEGAL AID ASSOCIATION INC