BAYONNE ECONOMIC OPPORTUNITY FOUNDATION (EIN 221811616) - 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

MICHELLE E BYRD

Phone

2014377222

Tax Period

2024-02-01 to 2025-01-31

BAYONNE ECONOMIC OPPORTUNITY FOUNDATION, founded in 1965, is a community nonprofit in the Human Services sector that reported $5.4M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE SERVICES TO LOW-INCOME CITIZENS, SENIOR CITIZENS AND HANDICAPPED RESIDENTS OF BAYONNE, NJ THROUGH VARIOUS PROGRAMS SUCH AS HEADSTART, NUTRITION, MEALS ON WHEELS, WEATHERIZATION, TRANSPORATION AND COMMUNITY OUTREACH.

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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 $5,159,190

Program Service Revenue $220,000

Investment Income $14,955

Other Revenue $8,318

TOTAL REVENUE $5,402,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,944,599

Fundraising Expenses $5,801

Program Expenses $4,492,653

Other Expenses $1,537,580

TOTAL EXPENSES $5,482,179

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,402,463	$4,686,583	+0.2%
Expenses	$5,482,179	$5,259,517	+0.0%
Net Income	$-79,716	$-572,934	-0.9%

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

420

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

$474,555

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAMANTHA HOWARD	ED TO 9/15/24	37.50	Officer	$134,563	$121,156	$255,719
ANTHONY SEGARRA	ED FR 9/16/24	37.50	Officer	$173,381	$45,455	$218,836
MICHELLE E BYRD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DENISE DORANS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHESTER BANKS	TREASURER	1.00	Officer Director	$0	$0	$0
JACKIE FARBER	SECRETARY	1.00	Officer Director	$0	$0	$0
KENNETH POESL	TRUSTEE	1.00	Director	$0	$0	$0
HENRY PEREZ	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA PELLICCIO	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS COUGHLIN	TRUSTEE	1.00	Director	$0	$0	$0
JASMIN CARRILIO	TRUSTEE	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
2025	$5,402,463	$5,482,179	$2,483,980	$-79,716
2024	$4,686,583	$5,259,517	$2,459,835	$-572,934
2023	$5,319,829	$4,589,622	$2,337,792	$730,207
2022	$4,390,427	$4,072,304	$2,385,973	$318,123
2021	$3,984,068	$3,991,986	$896,779	$-7,918
2020	$3,543,097	$3,530,827	$842,616	$12,270
2019	$3,602,685	$3,469,829	$761,629	$132,856

BAYONNE ECONOMIC OPPORTUNITY FOUNDATION