GREAT FALLS PRESERVATION & DEVELOPMENT CORP (EIN 221949620) - 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

1971

Legal Domicile

Phone

2017091390

Tax Period

2020-01-01 to 2020-12-31

GREAT FALLS PRESERVATION & DEVELOPMENT CORP, founded in 1971, is a small nonprofit that reported $181K in total revenue in fiscal year 2020.

Mission

To encourage and advocate for the development of the Great Falls Historic District through the historic preservation revitalization reconstruction and adaptive reuse of historic buildings and natural landmarks; to promote among the citizens of the City of Paterson NJ an interest in historic preservation and the history of industrial Paterson; also to work with the City of Paterson of Paterson in the routine ordinary maintenance of the historic Thomas Rogers Building pursuant to a deed and lease between the City and Great Falls Preservation.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $181,072

Investment Income $0

Other Revenue $0

TOTAL REVENUE $181,072

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,523

Fundraising Expenses $0

Program Expenses $182,021

Other Expenses $102,498

TOTAL EXPENSES $182,021

Year-over-Year Comparison

	2020	2019	Change
Revenue	$181,072	$189,180	0.0%
Expenses	$182,021	$86,907	+1.1%
Net Income	$-949	$102,273	-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

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

$36,156

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stanley Lacz	President and Trustee	0.00	Officer Director	$0	$0	$0
Jeff Pines	Vice President and Trustee	0.00	Officer Director	$0	$0	$0
Douglas Weite	Treasurer and Trustee	0.00	Officer Director	$0	$0	$0
Jay R Schwartz	Trustee	0.00	Director	$0	$0	$0
Ilia Villanueva	Trustee	0.00	Director	$0	$0	$0
Peggy L Robertson	Executive Director and Secretary	40.00	Key Emp	$36,156	$0	$36,156

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
2020	$181,072	$182,021	$193,850	$-949

GREAT FALLS PRESERVATION & DEVELOPMENT CORP