PATERSON RESTORATION CORPORATION (EIN 222188180) - 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

1977

Legal Domicile

Principal Officer

ORLANDO CRUZ

Phone

9733211220

Tax Period

2024-06-01 to 2025-05-31

PATERSON RESTORATION CORPORATION, founded in 1977, is a micro nonprofit in the Community Improvement sector that reported $428K in total revenue in fiscal year 2024. Revenue fell 225% from the prior year — a significant decline worth monitoring.

Mission

TO ENCOURAGE RESTORATION IN THE CITY OF PATERSON. TO PROVIDE LOW INTEREST LOANS TO FACILITATE THE PATERSON COMMUNITY CONSTRUCTION AND RESTORATION PROJECTS.

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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 $338,767

Program Service Revenue $1,300

Investment Income $-768,254

Other Revenue $0

TOTAL REVENUE $-428,187

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $329,834

Other Expenses $474,994

TOTAL EXPENSES $474,994

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-428,187	$343,348	-2.2%
Expenses	$474,994	$8,843,386	-0.9%
Net Income	$-903,181	$-8,500,038	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIO TOMMOLILLO	TRUSTEE	2.00	Director	$0	$0	$0
GEORGE MCLOOF	TRUSTEE	2.00	Director	$0	$0	$0
DR STEVE ROSE	TRUSTEE	2.00	Director	$0	$0	$0
ABDUL HAMDAN	TRUSTEE	2.00	Director	$0	$0	$0
ORLANDO CRUZ	BOARD CHAIRMAN	2.00	Officer	$0	$0	$0
JEFFREY LEVINE	SECRETARY	2.00	Officer	$0	$0	$0
MATTHEW EVANS	VICE CHAIRMAN	2.00	Officer	$0	$0	$0
HARVEY NUTTER	TREASURER	2.00	Officer	$0	$0	$0
TIFFANY HARRIS - DELANEY	EXECUTIVE DIRECTOR	2.00	Officer	$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	$-428,187	$474,994	$10,009,849	$-903,181
2024	$343,348	$8,843,386	$11,284,806	$-8,500,038
2023	$165,732	$125,148	$19,867,630	$40,584
2022	$100,919	$103,863	$19,877,384	$-2,944
2021	$484,633	$298,300	$20,097,911	$186,333
2020	$550,251	$302,798	$20,160,144	$247,453

PATERSON RESTORATION CORPORATION