COMMUNITIES FIRST INITIATIVE 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

Principal Officer

DOUGLAS PALMER

Phone

6096959438

Tax Period

2023-01-01 to 2023-12-31

COMMUNITIES FIRST INITIATIVE INC is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.7M in total revenue in fiscal year 2023. Revenue fell 60% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4.6M, a strong 99% operating margin.

Mission

TO PROMOTE AND DEVELOP ASSISTANCE OF VARIOUS LOW INCOME AREAS THROUGHOUT NEW JERSEY THROUGH CONTRIBUTIONS AND FUNDING.

Program Service Accomplishments

Program 1

Expenses: $9,594

PROMOTION AND DEVELOPMENT ASSISTANCE OF VARIOUS LOW INCOME AREAS THROUGHOUT NEW JERSEY THROUGH CONTRIBUTIONS AND FUNDING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,519,500

Program Service Revenue $55,833

Investment Income $89,493

Other Revenue $0

TOTAL REVENUE $4,664,826

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,594

Other Expenses $66,009

TOTAL EXPENSES $66,009

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,664,826	$11,788,810	-0.6%
Expenses	$66,009	$167	+394.3%
Net Income	$4,598,817	$11,788,643	-0.6%

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

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
DOUGLAS PALMER	President	1.00	Officer Director	$0	$0	$0
CHERRON ROUNTREE	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE RISOLI	Secretary	1.00	Officer Director	$0	$0	$0
REGINOLD ROSS	Treasurer	8.00	Officer Director	$0	$0	$0
MICHAEL GLUCK	Vice President	1.00	Officer 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	No data	No data	No data	No data
2023	$4,664,826	$66,009	$20,425,689	$4,598,817
2022	$11,788,810	$167	$14,091,227	$11,788,643
2021	$47,680	$2,081	$1,484,372	$45,599
2020	$9,000	$7,697	$1,615,990	$1,303
2019	No data	$1,588	$1,615,293	No data
2018	No data	$1,328	$1,663,815	No data