HAMMONTON REVITALIZATION CORPORATION (EIN 222583099) - 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

1986

Legal Domicile

Principal Officer

RICHARD REHMANN

Phone

6095679014

Tax Period

2023-01-01 to 2023-12-31

HAMMONTON REVITALIZATION CORPORATION, founded in 1986, is a small nonprofit in the Community Improvement sector that reported $202K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $30K, a strong 15% operating margin.

Mission

TO ASSIST, FACILITATE, AND ENCOURAGE THE BEAUTIFICATION, DEVELOPMENT, AND RECONSTRUCTION OF THE CENTRAL CORE OF THE TOWN OF HAMMONTON, NEW JERSEY

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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 $137,080

Program Service Revenue $47,558

Investment Income $1,655

Other Revenue $15,429

TOTAL REVENUE $201,722

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,448

Fundraising Expenses $0

Program Expenses $160,261

Other Expenses $120,896

TOTAL EXPENSES $171,344

Year-over-Year Comparison

	2023	2022	Change
Revenue	$201,722	$257,079	-0.2%
Expenses	$171,344	$228,750	-0.3%
Net Income	$30,378	$28,329	+0.1%

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

$46,687

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD REHMANN	PRESIDENT	7.00	Officer Director	$0	$0	$0
EILEEN UNGER	SECRETARY	5.00	Officer Director	$0	$0	$0
BENJAMIN OTT	TREASURER	5.00	Officer Director	$0	$0	$0
DAVE INGEMI	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINA BIRCHLER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JAMES BACON	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON MICHELINI	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERI CARAVANO	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN NIEDOBA	BOARD MEMBER	1.00	Director	$0	$0	$0
BERTHA VELAZQUEZ IACOVELLI	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLISON ANNE GALLAGHER	BOARD MEMBER	1.00	Director	$0	$0	$0
ELLEN LAULETTA	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHLEEN IACOVELLI	DIRECTOR	40.00	Officer	$46,687	$0	$46,687

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
2024	No data	No data	No data	No data
2023	$201,722	$171,344	$507,419	$30,378
2022	$257,079	$228,750	$467,671	$28,329
2020	$830,729	$685,822	$482,840	$144,907

HAMMONTON REVITALIZATION CORPORATION