Westfield, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Downtown Westfield Corporation, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $590K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $532K left a modest 10% surplus.
Establish Westfield as a preferred destination for people to want to live, work and visit.
Provide programs, events and advertising to strengthen Downtown Westfield as the center of community life; improve its economic viability, support existing businesses; encourage the establishment of...
Provide programs, events and advertising to strengthen Downtown Westfield as the center of community life; improve its economic viability, support existing businesses; encourage the establishment of new enterprises; and support cultural activities. Make Downtown Westfield a safer, cleaner and more attractive pedestrian environment with adequate public parking to serve the needs of local residents and attract new shoppers and visitors. Preserve the rich architectural legacy of the downtown area.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $589,868 | $636,732 | -0.1% |
| Expenses | $531,698 | $668,577 | -0.2% |
| Net Income | $58,170 | $-31,845 | -2.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Jeff Kirshenbaum | Chair | 2.00 |
Officer
|
$0 | $0 | $0 |
| Lauren Bieber | Vice-Chairman | 2.00 |
Officer
|
$0 | $0 | $0 |
| Erin Ben-Hayon | Secretary | 2.00 |
Officer
|
$0 | $0 | $0 |
| Anthony DiTommaso | Treasurer | 2.00 |
Officer
|
$0 | $0 | $0 |
| Patrice Chapman | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Jonathan Adwar | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Jaclyn Civins | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Michael LaPlace | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Ben Montez | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Craig Gibson | Ex-Officio | 2.00 |
Director
|
$0 | $0 | $0 |
| Liz Jeffery | Ex-Officio | 2.00 |
Director
|
$0 | $0 | $0 |
| Linda Habgood | Council Liaison | 2.00 |
Director
|
$0 | $0 | $0 |
| Samantha Horning | Executive Director | 40.00 |
Officer
|
$90,000 | $0 | $90,000 |
| AJ Camhi | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $589,868 | $531,698 | $296,285 | $58,170 |
| 2023 | $636,732 | $668,577 | $267,866 | $-31,845 |
| 2022 | $658,266 | $676,140 | $148,637 | $-17,874 |
| 2021 | $537,905 | $589,324 | $173,196 | $-51,419 |
| 2020 | $657,927 | $642,849 | $234,048 | $15,078 |
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