GREAT SCHOOLS OF NEW JERSEY

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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

2010

Legal Domicile

Principal Officer

PETER GENOVESE

Phone

6095992900

Tax Period

2024-07-01 to 2025-06-30

GREAT SCHOOLS OF NEW JERSEY, founded in 2010, is a small nonprofit that reported $146K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

IMPROVEMENT OF EDUCATIONAL OPPORTUNITIES FOR SPECIAL NEEDS DISTRICTS THROUGH INCREASED PUBLIC AWARENESS AND SUPPORT. THE PROGRAM BENEFITS MANY HIGH NEEDS DISTRICTS.

Program Service Accomplishments

Program 1

Expenses: $153,620

USED FOR LEGAL SERVICES TO IMPROVE PROGRAMS FOR SPECIAL NEEDS SCHOOLS

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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 $145,705

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $145,706

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $153,620

Other Expenses $153,620

TOTAL EXPENSES $153,620

Year-over-Year Comparison

	2024	2023	Change
Revenue	$145,706	$123,688	+0.2%
Expenses	$153,620	$134,973	+0.1%
Net Income	$-7,914	$-11,285	-0.3%

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

N/A

Independent Members

N/A

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
PETER GENOVESE	TREASURER	0.00	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	$145,706	$153,620	$40,659	$-7,914
2024	$123,688	$134,973	$47,176	$-11,285
2023	$141,664	$105,071	$57,098	$36,593
2022	$80,360	$82,875	$61,623	$-2,515