Morrow Holding Corporation (EIN 222352246) - 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

1982

Legal Domicile

Principal Officer

Quarticha Perkins

Phone

6093968900

Tax Period

2024-07-01 to 2025-06-30

Morrow Holding Corporation, founded in 1982, is a small nonprofit that reported $213K in total revenue in fiscal year 2024. Revenue surged 1084% from the prior year, signaling strong growth momentum. The organization ran a surplus of $197K, a strong 92% operating margin.

Mission

THE CORPORATION WAS FORMED EXCLUSIVELY TO HOLD TITLE AND TO MANAGE REAL AND PERSONAL PROPERTY FOR THE NEW JERSEY ASSOCIATION ON CORRECTION.

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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 $0

Program Service Revenue $0

Investment Income $213,040

Other Revenue $0

TOTAL REVENUE $213,040

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,115

Other Expenses $16,114

TOTAL EXPENSES $16,114

Year-over-Year Comparison

	2024	2023	Change
Revenue	$213,040	$18,000	+10.8%
Expenses	$16,114	$21,496	-0.3%
Net Income	$196,926	$-3,496	-57.3%

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

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
Calvin John Smiley PhD	PRESIDENT	0.1	Officer Director	$0	$0	$0
DIANE SCOTT-BEY	vice president	0.1	Officer Director	$0	$0	$0
ANTHONY P CARABELLI JR	secretary	0.1	Officer Director	$0	$0	$0
Matthew Sheridan	TREASURER	0.1	Officer Director	$0	$0	$0
ANGEL PEREZ	Executive Director	0.5	Officer	$0	$0	$0
DIANE HOBBS	FISCAL DIRECTOR	0.5	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	$213,040	$16,114	$616,329	$196,926
2020	$48,267	$21,368	$404,358	$26,899
2019	$608,822	$32,584	$474,195	$576,238

Morrow Holding Corporation