BUSINESSINDUSTRY FOUNDATION OF MID… - Form 990 Financial Data

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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

JOHANNA BOND

Phone

8603476924

Tax Period

2024-07-01 to 2025-06-30

BUSINESSINDUSTRY FOUNDATION OF MIDDLESEX COUNTY INC, founded in 1986, is a small nonprofit in the Employment sector that reported $719K in total revenue in fiscal year 2024.

Mission

THE FOUNDATION CONDUCTS EDUCATIONAL SEMINARS AND EMPLOYMENT RELATED PROGRAMS FOR THE BENEFIT OF THE BUSINESS COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $707,387

WORKER PREPARATION AND TRAINING PROGRAMS INCLUDING THOSE DESIGNED TO HELP WELFARE RECIPIENTS AND DISADVANTAGED YOUTH DEVELOP WORK RELATED DISCIPLINES AND THOSE DESIGNED TO PROVIDE JOB TRAINING. AN...

WORKER PREPARATION AND TRAINING PROGRAMS INCLUDING THOSE DESIGNED TO HELP WELFARE RECIPIENTS AND DISADVANTAGED YOUTH DEVELOP WORK RELATED DISCIPLINES AND THOSE DESIGNED TO PROVIDE JOB TRAINING. AN ENTREPRENEURIAL AND BUSINESS DEVELOPMENT COURSE, DESIGNED TO ASSIST MINORITY SMALL BUSINESS TO BECOME MORE SUCCESSFUL BY DEVELOPING THE ATTITUDES, SKILLS AND QUALITIES NECESSARY FOR EFFECTIVE BUSINESS OWNERSHIP AND SUCCESS.

Program 2

THE RECOVERY EMPLOYMENT PROGRAM (REP) HELPS THOSE IN RECOVERY REBUILD LIVES THAT HAVE BEEN TORN AND RIPPED APART DUE TO ADDICTION. MANY DON'T SEE A WAY OUT, OR NO HOPE. BUT WITH THE REP, THERE IS. WE OFFER EMPLOYMENT TO MANY WHO EVEN SEE THEMSELVES AS UNEMPLOYABLE. WHY? MANY HAVE THE PROPER SKILLS SETS, BUT ARE LACKING SELF-ESTEEM DUE THEIR PAST ADDICTION. HOWEVER, THE RECOVERY EMPLOYMENT PROGRAM REASSERTS CONFIDENCE IN THE JOB APPLICANT'S ABILITIES AND IN THEMSELVES AS THEY GAIN EMPLOYMENT. WE OFFER JOB COACHING AS WELL AS COUNSEL. THIS IS NOT JUST A JOB PLACEMENT PROGRAM, BUT IT IS A LIFE SKILL PROGRAM THAT WILL HELP PEOPLE IN RECOVERY WITH THE LIFE SKILLS THEY NEED THROUGH THE COACHING ASPECT OF THE PROGRAM.THE RECOVERY EMPLOYMENT PROGRAM, IS A PROGRAM WITH OPPORTUNITIES.THIS PROGRAM WILL SERVE THE COMMUNITY OF THOSE WHO ARE IN RECOVERY AND PUTTING THEIR LIVES BACK TOGETHER. TOGETHER AS A COMMUNITY WE CAN HELP THEM TAKE THE NECESSARY STEPS ON THEIR ROAD.

Program 3

SIDE STREET TO MAIN STREET PROGRAM - EDUCATES ENTREPRENEURS IN BUSINESS DISCIPLINES SUCH AS MARKETING, FINANCIAL STATEMENTS, BANKING AND CURRENT SOFTWARE APPLICATIONS FOR BUSINESS.

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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 $700,899

Program Service Revenue $0

Investment Income $17,696

Other Revenue $0

TOTAL REVENUE $718,595

Expense Breakdown

Grants Paid $0

Salaries & Benefits $127,938

Fundraising Expenses $0

Program Expenses $707,387

Other Expenses $592,487

TOTAL EXPENSES $720,425

Year-over-Year Comparison

	2024	2023	Change
Revenue	$718,595	$669,505	+0.1%
Expenses	$720,425	$656,490	+0.1%
Net Income	$-1,830	$13,015	-1.1%

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

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

$234,396

Total Directors

$316,773

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARLENE BRIGGS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAY POLKE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
THERESA OPALACZ	CHAIRWOMAN	1.00	Officer Director	$0	$0	$0
ANTHONY SALVATORE	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHANNA BOND	SECRETARY	9.00	Officer Director	$0	$20,195	$234,396
KELLY SMITH	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
RICK MORIN	TREASURER	1.00	Officer Director	$0	$0	$0
LYNN BALDONI	DIRECTOR	1.00	Director	$0	$0	$0
HARRY BURR	DIRECTOR	1.00	Director	$0	$0	$0
STEVE CISKOWSKI	CONTROLLER	9.00	Director	$0	$3,367	$82,377
AMANDA CALVE	DIRECTOR	1.00	Director	$0	$0	$0
DIANE ARNOLD	DIRECTOR	1.00	Director	$0	$0	$0
LAKISHA HYATT	DIRECTOR	1.00	Director	$0	$0	$0
FAITH JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
MARYELLEN SHUCKEROW	DIRECTOR	1.00	Director	$0	$0	$0
GARY WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN VAUGHAN	DIRECTOR	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	$718,595	$720,425	$1,077,559	$-1,830
2024	$669,505	$656,490	$1,029,475	$13,015
2023	$782,497	$701,529	$908,895	$80,968
2022	$795,908	$757,018	$945,515	$38,890
2021	$781,486	$782,520	$753,972	$-1,034
2020	$699,970	$736,070	$748,191	$-36,100
2019	$677,736	$643,434	$769,523	$34,302

BUSINESSINDUSTRY FOUNDATION OF MIDDLESEX COUNTY INC