NEWARK TRANSITIONAL CORPORATION (EIN 222730393) - 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

ELLIOT ISIBOR

Phone

9732421119

Tax Period

2024-08-01 to 2025-07-31

NEWARK TRANSITIONAL CORPORATION, founded in 1986, is a small nonprofit in the Mental Health sector that reported $889K in total revenue in fiscal year 2024. Expenses of $1.1M exceeded revenue, resulting in a 21% operating deficit.

Mission

THE PRIMARY GOAL OF THE ORGANIZATIONS PROGRAM IS TO PROVIDE 24 HOURS 7 DAYS A WEEK TRANSITIONAL HOUSING / EMERGENCY SHELTER CONSISTENT WITH THE PROVISION OF THE NEW JERSEY HOMELESS ACT

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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 $888,590

Program Service Revenue $0

Investment Income $0

Other Revenue $903

TOTAL REVENUE $889,493

Expense Breakdown

Grants Paid $0

Salaries & Benefits $733,849

Fundraising Expenses $0

Program Expenses $916,299

Other Expenses $343,677

TOTAL EXPENSES $1,077,526

Year-over-Year Comparison

	2024	2023	Change
Revenue	$889,493	$855,901	+0.0%
Expenses	$1,077,526	$987,942	+0.1%
Net Income	$-188,033	$-132,041	+0.4%

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

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

$244,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLIOT ISIBOR	CEO	40.00	Key Emp	$244,000	$0	$244,000
LEWIS GARELY	CHAIRMAN	1.00	Director	$0	$0	$0
VICTOR EMENUGA	BOARD MEMBER	1.00	Director	$0	$0	$0
DR HARRITTA NWAFILE	BOARD MEMBER	1.00	Director	$0	$0	$0
VICTORIA N UZOKA	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA KING	BOARD MEMBER	1.00	Director	$0	$0	$0
VINCENT BRYANT JR	BOARD MEMBER	1.00	Director	$0	$0	$0
ESSIE ARMSTRONG	SECRETARY	1.00	Director	$0	$0	$0
DR AMBROSE MGBAKO	BOARD MEMBER	1.00	Director	$0	$0	$0
DR LIZ ACHEBE	BOARD MEMBER	1.00	Director	$0	$0	$0
DR OJUGO	BOARD MEMBER	1.00	Director	$0	$0	$0
MRS TESSY NWANERI	BOARD MEMBER	1.00	Director	$0	$0	$0
DOROTHY MBAMALU	BOARD MEMBER	1.00	Director	$0	$0	$0
SIR CLEMENT EZEH	BOARD MEMBER	1.00	Director	$0	$0	$0
HON CHARLES ONYEJIAKA	BOARD MEMBER	1.00	Director	$0	$0	$0
ROY OKORO	BOARD MEMBER	1.00	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	$889,493	$1,077,526	$833,983	$-188,033
2024	$855,901	$987,942	$1,022,075	$-132,041
2023	$1,312,221	$877,928	$1,148,512	$434,293
2022	$1,089,157	$927,916	$880,769	$161,241
2021	$702,524	$678,248	$678,693	$24,276
2020	$704,334	$684,633	$574,929	$19,701
2019	$600,917	$604,675	$565,748	$-3,758

NEWARK TRANSITIONAL CORPORATION