BOYS AND GIRLS CLUB OF PATERSON AND PASSAIC INC (EIN 221726665) - 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

1965

Legal Domicile

Principal Officer

ARTHUR CORWIN

Phone

9732793055

Tax Period

2023-01-01 to 2023-12-31

BOYS AND GIRLS CLUB OF PATERSON AND PASSAIC INC, founded in 1965, is a mid-sized nonprofit in the Youth Development sector that reported $10.5M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 24% operating margin.

Mission

TO INSPIRE AND ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, TO REALIZE THEIR FULL POTENTIAL AS PRODUCTIVE, CARING, 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 $3,963,954

Program Service Revenue $4,618,605

Investment Income $185,121

Other Revenue $1,685,856

TOTAL REVENUE $10,453,536

Expense Breakdown

Grants Paid $428,208

Salaries & Benefits $4,783,990

Fundraising Expenses $251,855

Program Expenses $7,176,114

Other Expenses $2,682,717

TOTAL EXPENSES $7,894,915

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,453,536	$8,325,655	+0.3%
Expenses	$7,894,915	$6,743,759	+0.2%
Net Income	$2,558,621	$1,581,896	+0.6%

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

302

Volunteers

248

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

$396,829

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD MAINARDI	PRESIDENT	2.00	Officer Director	$0	$0	$0
THOMAS SEBOK	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ART CORWIN	TREASURER	2.00	Officer Director	$0	$0	$0
CHRIS ROSICA	SECRETARY	2.00	Officer Director	$0	$0	$0
DEBORAH BRIM	CHAIRWOMAN	2.00	Officer Director	$0	$0	$0
BARBARA COLLINS	BOARD MEMBER	2.00	Director	$0	$0	$0
ALAN CONCHA	BOARD MEMBER	2.00	Director	$0	$0	$0
ALFONSO DALOISIO JR	BOARD MEMBER	2.00	Director	$0	$0	$0
JAYMES DEJESUS	BOARD MEMBER	2.00	Director	$0	$0	$0
RAYMOND ENGLISH	BOARD MEMBER	2.00	Director	$0	$0	$0
SIDNEY V GOLD	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN HEIDTKE	BOARD MEMBER	2.00	Director	$0	$0	$0
LYNN HOLUBA	BOARD MEMBER	2.00	Director	$0	$0	$0
CLAUDIA MOLLOY	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT NIXON	BOARD MEMBER	2.00	Director	$0	$0	$0
DENNIS OBERLE	BOARD MEMBER	2.00	Director	$0	$0	$0
MAGGIE POGORELEC	BOARD MEMBER	2.00	Director	$0	$0	$0
WILLIAM RUSH	BOARD MEMBER	2.00	Director	$0	$0	$0
THOMAS SHARA	BOARD MEMBER	2.00	Director	$0	$0	$0
HOWARD TAYLOR	BOARD MEMBER	2.00	Director	$0	$0	$0
MARK VERTUCCI	BOARD MEMBER	2.00	Director	$0	$0	$0
LATYSHA GAINES	BOARD MEMBER	2.00	Director	$0	$0	$0
SHIRELL GROSS	BOARD MEMBER	2.00	Director	$0	$0	$0
LIMOR REGULAR	BOARD MEMBER	2.00	Director	$0	$0	$0
WENDY MCGUIRE	CHIEF EXECUTIVE OFFICER	40.00	Officer	$161,577	$8,120	$169,697
JANICE GOMEZ	CHIEF OPERATING OFFICER	40.00	Officer	$108,113	$13,084	$121,197
SANDRA DAMJANOVSKI	CHIEF FINANCIAL OFFICER	40.00	Officer	$93,366	$12,569	$105,935
JANE HE	CHIEF DEVELOPMENT OFFICER	40.00	Highest	$118,466	$14,367	$132,833

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	$10,453,536	$7,894,915	$15,226,393	$2,558,621
2022	$8,325,655	$6,743,759	$17,862,142	$1,581,896
2021	$7,369,946	$4,976,688	$16,650,050	$2,393,258
2020	$6,959,736	$5,818,897	$15,018,627	$1,140,839
2019	$6,710,611	$5,414,839	$13,173,752	$1,295,772
2018	$5,746,527	$5,463,646	$11,962,590	$282,881

BOYS AND GIRLS CLUB OF PATERSON AND PASSAIC INC