Perth Amboy Business Improvement Corporation Inc (EIN 223192334) - 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

Principal Officer

Antonio Abreu

Phone

7324426421

Tax Period

2024-01-01 to 2024-12-31

Perth Amboy Business Improvement Corporation Inc, founded in 1991, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 549% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 79% operating margin.

Mission

Revitalization and expansion of the Downtown Business zone in the City of Perth Amboy, New Jersey. Promotion of economic growth and employment within the city.

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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 $3,837

Program Service Revenue $1,644,268

Investment Income $10,561

Other Revenue $0

TOTAL REVENUE $1,658,666

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $341,538

Other Expenses $341,538

TOTAL EXPENSES $341,538

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,658,666	$255,502	+5.5%
Expenses	$341,538	$206,777	+0.7%
Net Income	$1,317,128	$48,725	+26.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Hon Helmin J Caba	Mayor	2.00	Officer	$0	$0	$0
Antonio Abreu	Chairman	2.00	Officer	$0	$0	$0
Kaushik Patel	Treasurer	2.00	Officer	$0	$0	$0
Lisett Lebron	Secretary	2.00	Officer	$0	$0	$0
Erica Vera	Member	2.00	Director	$0	$0	$0
Milady Tejeda	Council Representative	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	$1,658,666	$341,538	$1,658,543	$1,317,128
2023	$255,502	$206,777	$283,400	$48,725
2022	$248,836	$333,650	$266,492	$-84,814
2021	$254,979	$297,097	$314,407	$-42,118
2020	$252,276	$302,204	$347,454	$-49,928
2019	$269,447	$287,479	$402,260	$-18,032

Perth Amboy Business Improvement Corporation Inc