FRIENDS OF PHILIP'S NEWARK INC (EIN 222894088) - 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

1988

Legal Domicile

Principal Officer

AMY JO CURRAN

Phone

9736420644

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF PHILIP'S NEWARK INC, founded in 1988, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 4037% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.3M, a strong 80% operating margin.

Mission

SUPPORT THE EDUCATION OF URBAN YOUTH AND TO PROVIDE RESOURCES TO INSTITUTIONS DEDICATED TO HELPING URBAN YOUTH TO DEVELOP THE INTELLECTUAL COMPETENCE AND VALUES NECESSARY TO LIVE PRODUCTIVE LIVES FILLED WITH OPTIONS AND CHOICE.

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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 $3,631,686

Program Service Revenue $0

Investment Income $103,694

Other Revenue $361,782

TOTAL REVENUE $4,097,162

Expense Breakdown

Grants Paid $53,950

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $754,396

Other Expenses $781,978

TOTAL EXPENSES $835,928

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,097,162	$99,049	+40.4%
Expenses	$835,928	$1,020,683	-0.2%
Net Income	$3,261,234	$-921,634	-4.5%

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

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

$95,840

Total Directors

$95,840

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY JO CURRAN	DIRECTOR OF ADVOCACY/CHAIR	40.00	Officer Director	$0	$2,245	$95,840
TAI BEAUCHAMP	TRUSTEE	1.00	Director	$0	$0	$0
BENILDE LITTLE	TRUSTEE	1.00	Director	$0	$0	$0
SAMANTHA PUGH	TRUSTEE	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	$4,097,162	$835,928	$18,312,449	$3,261,234
2024	$99,049	$1,020,683	$14,715,303	$-921,634
2023	$12,377	$70,847	$3,062,328	$-58,470
2022	$121,955	$150,009	$2,234,154	$-28,054
2020	No data	No data	$19,313,545	No data
2019	$2,930,103	$5,048,228	$19,313,545	$-2,118,125
2018	$3,971,407	$4,744,712	$21,399,229	$-773,305

FRIENDS OF PHILIP'S NEWARK INC