MORRISTOWN PARTNERS INC T/A MORRISTOWN PARTNERSHIP (EIN 223307187) - 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

1994

Legal Domicile

Principal Officer

JENNIFER WEHRING

Phone

9734551133

Tax Period

2024-01-01 to 2024-12-31

MORRISTOWN PARTNERS INC T/A MORRISTOWN PARTNERSHIP, founded in 1994, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $634K, a strong 31% operating margin.

Mission

FOSTER AND ENCOURAGE SELF-HELP PROGRAMS TO ENHANCE THE LOCAL BUSINESS CLIMATE, PROVIDE ADMINISTRATIVE AND OTHER SERVICES TO BENEFIT BUSINESS, EMPLOYEES, RESIDENTS AND CONSUMERS AND PROMOTE AND PRESERVE THE CULTURAL, HISTORIC, TOURISTIC AND CIVIC INTERESTS OF THE TOWN OF MORRISTOWN AND ITS SPECIAL IMPROVEMENT DISTRICT.

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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 $2,023,052

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,023,052

Expense Breakdown

Grants Paid $0

Salaries & Benefits $403,309

Fundraising Expenses $5,509

Program Expenses $1,275,664

Other Expenses $985,398

TOTAL EXPENSES $1,388,707

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,023,052	$1,279,103	+0.6%
Expenses	$1,388,707	$1,192,339	+0.2%
Net Income	$634,345	$86,764	+6.3%

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

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

$151,691

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN DAWSON	PRESIDENT	1.00	Director	$0	$0	$0
JEFF RAWDING	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JOHN WALSH	SECRETARY	1.00	Officer Director	$0	$0	$0
KIM RYAN	TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER WEHRING	EXECUTIVE DI	40.00	Officer	$134,231	$17,460	$151,691
WILLIAM BRAUNSCHWEIGER	TRUSTEE	1.00	Director	$0	$0	$0
LEIA GACCIONE	TRUSTEE	1.00	Director	$0	$0	$0
BIAGIO SCOTTO	TRUSTEE	1.00	Director	$0	$0	$0
MICHELLE MONGEY	TRUSTEE	1.00	Director	$0	$0	$0
DICK TIGHE	TRUSTEE	1.00	Director	$0	$0	$0
JOE LOBOZZO JR	TRUSTEE	1.00	Director	$0	$0	$0
MARK VON BRADSKY	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL WITKO	TRUSTEE	1.00	Director	$0	$0	$0
NESTOR BEDOYA	TRUSTEE	1.00	Director	$0	$0	$0
ORI KASNECI	TRUSTEE	1.00	Director	$0	$0	$0
PHILIP DEL GIUDICE	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT NISH	TRUSTEE	1.00	Director	$0	$0	$0
ANIKA JOSEPH	TRUSTEE	1.00	Director	$0	$0	$0
STEVE PYLYPCHUK	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
2024	$2,023,052	$1,388,707	$1,150,839	$634,345
2023	$1,279,103	$1,192,339	$533,998	$86,764
2022	$1,146,947	$1,163,122	$497,689	$-16,175
2021	$1,247,187	$1,045,574	$308,315	$201,613
2020	$1,466,079	$1,470,334	$247,649	$-4,255
2019	$1,044,726	$1,115,815	$307,137	$-71,089
2018	$1,156,853	$1,078,099	$362,511	$78,754

MORRISTOWN PARTNERS INC T/A MORRISTOWN PARTNERSHIP