ASPIRA INC OF NEW JERSEY (EIN 221859916) - 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

1968

Legal Domicile

Principal Officer

CARLOS VALENTIN JR

Phone

9734847554

Tax Period

2023-07-01 to 2024-06-30

ASPIRA INC OF NEW JERSEY, founded in 1968, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $1.8M exceeded revenue, resulting in a 31% operating deficit.

Mission

ASPIRA INC OF NEW JERSEY DEVELOPS THE INTELLECTUAL AND CREATIVE CAPACITY OF PUERTO RICAN AND OTHER YOUTH IN THEIR COMMUNITY

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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 $1,328,893

Program Service Revenue $0

Investment Income $0

Other Revenue $28,172

TOTAL REVENUE $1,357,065

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,110,329

Fundraising Expenses $0

Program Expenses $1,363,199

Other Expenses $661,288

TOTAL EXPENSES $1,771,617

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,357,065	$1,449,912	-0.1%
Expenses	$1,771,617	$1,264,403	+0.4%
Net Income	$-414,552	$185,509	-3.2%

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

106

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

$202,580

Total Directors

$202,580

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLOS VALENTIN JR	EXECUTIVE DIRECTOR	35.00	Officer Director	$202,580	$0	$202,580
FERNANDO ACEVEDO JR	CHAIRPERSON	2.00	Director	$0	$0	$0
MR AURELIO DIAZ	TREASURER	2.00	Director	$0	$0	$0
VICTOR AFANADOR	SECRETARY	2.00	Director	$0	$0	$0
ELIZABETH JIMENEZ	MEMBER	2.00	Director	$0	$0	$0
NATASHA ALVARADO	MEMBER-STUDENT REP	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
2025	No data	No data	No data	No data
2024	$1,357,065	$1,771,617	$2,495,829	$-414,552
2023	$1,449,912	$1,264,403	$1,065,582	$185,509
2022	$1,413,779	$1,647,394	$872,110	$-233,615
2021	$1,502,559	$1,532,328	$1,270,455	$-29,769
2021	$1,502,559	$1,432,625	$1,345,455	$69,934
2020	$1,685,231	$1,555,649	$1,262,589	$129,582
2020	$1,735,231	$1,555,649	$1,312,589	$179,582
2019	$2,094,649	$1,762,101	$1,223,931	$332,548
2019	$2,064,024	$1,734,101	$1,221,306	$329,923
2018	$2,371,639	$1,843,089	$837,910	$528,550

ASPIRA INC OF NEW JERSEY