New Brunswick City Market Inc

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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

1987

Legal Domicile

Principal Officer

PAMELA STEFANEK

Phone

7325454849

Tax Period

2024-01-01 to 2024-12-31

New Brunswick City Market Inc, founded in 1987, is a small nonprofit in the Community Improvement sector that reported $723K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $973K exceeded revenue, resulting in a 35% operating deficit.

Mission

THE PROMOTION AND ENHANCEMENT OF THE "BUSINESS IMPROVEMENT DISTRICT" OF THE CITY OF NEW BRUNSWICK.

Program Service Accomplishments

Program 1

Expenses: $453,383 Revenue: $450,495

RETAIL PROMOTIONS - THE ORGANIZATION CONDUCTS RETAIL PROMOTIONS TO ATTRACT VISITORS TO THE CENTRAL BUSINESS DISTRICT. PERSONS BENEFITED: UNLIMITED

Program 2

Expenses: $212,415 Revenue: $211,063

CLEAN STREETS - THE ORGANIZATION PROVIDES FUNDS FOR CLEANING AND BEAUTIFICATION OF THE STREETS WITHIN THE CENTRAL BUSINESS DISTRICT. PERSONS BENEFITED: UNLIMITED

Program 3

Expenses: $61,072 Revenue: $60,683

DISTRICT IMPORVEMENTS - City Market's district improvement programs are designed to effectively meet the unique needs of the New Brunswick Special Improvement District including, but not limited to, providing supplemental cleaning services, focus on quality of life issues, physical improvement programs, business resources, faade improvement programs, signage improvement programs, and graffiti removal - PERSONS BENEFITED - UNLIMITED

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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 $0

Program Service Revenue $722,489

Investment Income $19

Other Revenue $85

TOTAL REVENUE $722,593

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,764

Fundraising Expenses $0

Program Expenses $727,225

Other Expenses $822,120

TOTAL EXPENSES $972,884

Year-over-Year Comparison

	2024	2023	Change
Revenue	$722,593	$770,860	-0.1%
Expenses	$972,884	$885,343	+0.1%
Net Income	$-250,291	$-114,483	+1.2%

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

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

$112,846

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAMELA STEFANEK	EXECUTIVE DIRECTOR	40.0	Officer	$91,636	$21,210	$112,846
Suzanne M Sicora Ludwig	Ex-Officio Member	1.0	Director	$0	$0	$0
Michael Drulis	Ex-Officio Member	1.0	Director	$0	$0	$0
Daniel Dominguez	Ex-Officio Member	1.0	Director	$0	$0	$0
Tracey O'Reggio	Interim Ex-Officio Member	1.0	Director	$0	$0	$0
Elizabeth Barrood	DIRECTOR	1.0	Director	$0	$0	$0
Natalie Bazaral	Treasurer	1.0	Officer Director	$0	$0	$0
Vinnie Brand	DIRECTOR	1.0	Director	$0	$0	$0
Rebecca Brenowitz	DIRECTOR	1.0	Director	$0	$0	$0
Anthony Camaioni	DIRECTOR	1.0	Director	$0	$0	$0
Bruce Carnegie	Vice Chairman	1.0	Officer Director	$0	$0	$0
Brittany Spanos-Wooden	DIRECTOR	1.0	Director	$0	$0	$0
Gina Fritz	DIRECTOR	1.0	Director	$0	$0	$0
Matthew Eyet	DIRECTOR	1.0	Director	$0	$0	$0
Neil glass	DIRECTOR	1.0	Director	$0	$0	$0
Frank Karthaeuser	DIRECTOR	1.0	Director	$0	$0	$0
Robert Kenny	Secretary	1.0	Officer Director	$0	$0	$0
Howard Levine	DIRECTOR	1.0	Director	$0	$0	$0
Jeffrey Johnson	DIRECTOR	1.0	Director	$0	$0	$0
Robyn Nixon	DIRECTOR	1.0	Director	$0	$0	$0
Sayed Hasan raza	DIRECTOR	1.0	Director	$0	$0	$0
Greg Ritter	Honorary Ex Officio	1.0	Director	$0	$0	$0
Kathy Romano	DIRECTOR	1.0	Director	$0	$0	$0
Jaymie Santiago	DIRECTOR	1.0	Director	$0	$0	$0
Doug Schneider	Chairman	1.0	Officer Director	$0	$0	$0
Mary Ann Schrum	DIRECTOR	1.0	Director	$0	$0	$0
Melissa Selesky	DIRECTOR	1.0	Director	$0	$0	$0
Lynn Sherman	DIRECTOR	1.0	Director	$0	$0	$0
Michael Tublin	DIRECTOR	1.0	Director	$0	$0	$0
Alexander weiss	DIRECTOR	1.0	Director	$0	$0	$0
Brian Karluck	DIRECTOR	1.0	Director	$0	$0	$0
Mitch Karon	EX-OFFICIO MEMBER	1.0	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
2024	$722,593	$972,884	$609,865	$-250,291
2023	$770,860	$885,343	$901,717	$-114,483
2022	$703,028	$755,951	$982,409	$-52,923
2021	$705,755	$578,438	$960,178	$127,317
2020	$665,911	$609,082	$830,935	$56,829
2019	$625,219	$548,362	$769,353	$76,857
2018	$644,131	$598,206	$706,828	$45,925