Special Improvement District Borough of Red Bank Inc Red Bank RiverCenter (EIN 223133371) - 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

1991

Legal Domicile

Phone

7328424244

Tax Period

2024-01-01 to 2024-12-31

Special Improvement District Borough of Red Bank Inc Red Bank RiverCenter, founded in 1991, is a small nonprofit in the Community Improvement sector that reported $883K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year.

Mission

Red Bank RiverCenter is the management organization for the entire downtown business district. It manages business recruitment, promotional events and capital projects in addition to business assistance and work with the Borough of Red Bank.

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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 $150,000

Program Service Revenue $656,589

Investment Income $36,738

Other Revenue $39,967

TOTAL REVENUE $883,294

Expense Breakdown

Grants Paid $0

Salaries & Benefits $321,826

Fundraising Expenses $0

Program Expenses $693,256

Other Expenses $641,817

TOTAL EXPENSES $963,643

Year-over-Year Comparison

	2024	2023	Change
Revenue	$883,294	$1,051,896	-0.2%
Expenses	$963,643	$670,711	+0.4%
Net Income	$-80,349	$381,185	-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

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
Robert Zuckerman	Executive Director	40.00		$100,000	$0	$100,000
Mairin Bellack	Executive Director	40.00		$6,635	$0	$6,635
Jason Daniels	Director	2.00	Director	$0	$0	$0
Debbie Eisenstein	Director	2.00	Director	$0	$0	$0
Jim Gant	Director	2.00	Director	$0	$0	$0
Jared Patrick Yuro	Director	2.00	Director	$0	$0	$0
Louis Andrianos	Director	2.00	Director	$0	$0	$0
Cassie Murphy	Director	2.00	Director	$0	$0	$0
Ingeborg Perndorfer	Director	2.00	Director	$0	$0	$0
Mary DeMont	Director	2.00	Director	$0	$0	$0
Stephen Raciti	Director	2.00	Director	$0	$0	$0
Angela Courtney	Director	2.00	Director	$0	$0	$0
Jay Herman	Director	2.00	Director	$0	$0	$0
Sheila Hintze	Director	2.00	Director	$0	$0	$0
Jim Scavone	Director	2.00	Director	$0	$0	$0
Kate Triggiano	Director	2.00	Director	$0	$0	$0
Jen Clarke	Director	2.00	Director	$0	$0	$0
Adam Rechnitz	Director	2.00	Director	$0	$0	$0
Tim McLoone	Director	2.00	Director	$0	$0	$0
Marta Quinn	Director	2.00	Director	$0	$0	$0
Samantha Bowers	Director	2.00	Director	$0	$0	$0
Jeremy Suarez	Director	2.00	Director	$0	$0	$0
Beth McLoone	Director	2.00	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
2024	$883,294	$963,643	$916,730	$-80,349
2023	$1,051,896	$670,711	$1,055,338	$381,185
2022	$646,196	$544,553	$1,124,925	$101,643
2021	$734,645	$589,448	$535,503	$145,197
2020	$704,494	$805,984	$488,801	$-101,490
2019	$843,245	$1,311,370	$434,626	$-468,125
2018	$814,076	$875,130	$869,983	$-61,054

Special Improvement District Borough of Red Bank Inc Red Bank RiverCenter