THE BOYS & GIRLS CLUBS OF NEWARK INC (EIN 221515405) - 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

1938

Legal Domicile

Principal Officer

TROY E GLOVER

Phone

9732421200

Tax Period

2023-01-01 to 2023-12-31

THE BOYS & GIRLS CLUBS OF NEWARK INC, founded in 1938, is a community nonprofit in the Youth Development sector that reported $4.4M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Net assets of $11.4M represent 31 months of operating reserves.

Mission

TO ENABLE ALL NEWARK'S YOUTH TO BECOME CARING, PRODUCTIVE, AND RESPONSIBLE CITIZENS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,439,351

Program Service Revenue $2,118,981

Investment Income $50,793

Other Revenue $-172,438

TOTAL REVENUE $4,436,687

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,959,027

Fundraising Expenses $400,070

Program Expenses $3,183,480

Other Expenses $1,464,668

TOTAL EXPENSES $4,423,695

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,436,687	$5,253,821	-0.2%
Expenses	$4,423,695	$4,177,307	+0.1%
Net Income	$12,992	$1,076,514	-1.0%

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

324

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

$425,375

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TROY E GLOVER	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
SHARAD D MADISON	BOARD CHAIR, AREA COUNCIL LIAISON	1.00	Officer Director	$0	$0	$0
TOM VALEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHARLIE RUBIN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GINA GRUHN	SECRETARY	1.00	Officer Director	$0	$0	$0
DEAN THOMPSON	TREASURER	1.00	Officer Director	$0	$0	$0
DR MICHAEL GRUBER	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER MCFEELY	BOARD MEMBER	1.00	Director	$0	$0	$0
JAN HINES	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON SOBEL	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH ACCRDO JR	BOARD MEMBER	1.00	Director	$0	$0	$0
KATE JANUKOWICZ	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIA FRUCI	BOARD MEMBER	1.00	Director	$0	$0	$0
MARSHALL MCLEAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL GILFILLAN	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK WALSH	BOARD MEMBER	1.00	Director	$0	$0	$0
RAYSHINE HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN CURRAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SAM BORAIE	BOARD MEMBER	1.00	Director	$0	$0	$0
AMEER WASHINGTON	CHIEF EXECUTIVE OFFICER	35.00	Officer	$196,875	$0	$196,875
CATHERINE PLYMEL	CHIEF OPERATING OFFICE	35.00	Officer	$120,000	$0	$120,000
GARDAN SPEIGHTS	EXECUTIVE DIRECTOR OF COMMUNITY WELLNESS	35.00	Officer	$108,500	$0	$108,500

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	No data	No data	No data	No data
2023	$4,436,687	$4,423,695	$11,517,386	$12,992
2022	$5,253,821	$4,177,307	$11,412,385	$1,076,514
2021	$9,212,770	$2,852,637	$10,808,092	$6,360,133
2020	$3,127,346	$2,358,739	$12,513,660	$768,607
2019	$2,642,919	$2,622,715	$11,630,323	$20,204
2018	$2,783,303	$3,361,736	$12,225,692	$-578,433

THE BOYS & GIRLS CLUBS OF NEWARK INC