Enterprise Zone Development Corporation (EIN 222756826) - 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

1999

Legal Domicile

Principal Officer

Sandra Forosisky

Phone

8565630440

Tax Period

2024-07-01 to 2025-06-30

Enterprise Zone Development Corporation, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $654K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

The Organizations mission is to serve as an administrative body for the NJ Urban Enterprise Zone program and serve as a mechanism to offer economic development assistance to local businesses.

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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 $634,461

Program Service Revenue $0

Investment Income $100

Other Revenue $19,830

TOTAL REVENUE $654,391

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $629,418

Other Expenses $654,714

TOTAL EXPENSES $654,714

Year-over-Year Comparison

	2024	2023	Change
Revenue	$654,391	$705,039	-0.1%
Expenses	$654,714	$704,786	-0.1%
Net Income	$-323	$253	-2.3%

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

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
Anthony Fanucci	Chairman	1.00	Director	$0	$0	$0
Benjamin Romanik	Vice Chair	1.00	Director	$0	$0	$0
Paul Spinelli	Director	1.00	Director	$0	$0	$0
Raquel Soto	Director	1.00	Director	$0	$0	$0
Suzette DeMarchi	Director	1.00	Director	$0	$0	$0
Fernando Torres	Director	1.00	Director	$0	$0	$0
Larry Malone	Director	1.00	Director	$0	$0	$0
Samantha Silvers	Director	1.00	Director	$0	$0	$0
Joseph Sooy	Director	1.00	Director	$0	$0	$0
Carole Cossaboon	Director	1.00	Director	$0	$0	$0
Sandy Forosisky	Administrator	5.00	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	$654,391	$654,714	$26,191	$-323
2024	$705,039	$704,786	$51,225	$253
2023	$25,180	$25,195	$15,886	$-15
2022	$67,015	$66,911	$20,880	$104
2021	$65,587	$65,490	$34,443	$97
2020	$61,464	$61,364	$32,562	$100
2019	$4,409,900	$10,679,607	$59,893,471	$-6,269,707

Enterprise Zone Development Corporation