GLEN ROCK CENTRAL BUSINESS DISTRICT COMMISSION INC (EIN 223549250) - 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

1997

Legal Domicile

Phone

2014473434

Tax Period

2024-01-01 to 2024-12-31

GLEN ROCK CENTRAL BUSINESS DISTRICT COMMISSION INC, founded in 1997, is a micro nonprofit that reported $26K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $42K exceeded revenue, resulting in a 61% operating deficit.

Mission

TO MAINTAIN THE DOWNTOWN BUSINESS DISTRICT OF THE BOROUGH OF GLEN ROCK. FUNDS COLLECTED WILL GO TOWARD THE COST OF MAINTENANCE AND UPKEEP OF THE DOWNTOWN AREA. ADDITIONALLY, THE ORGANIZATION AIMS TO PROMOTE AND SUPPORT LOCAL HIGH SCHOOL FUNDRAISERS WHOSE GOAL IS TO PROVIDE A THEMED CHAPERONED CELEBRATION FOR GRADUATING HIGH SCHOOL SENIORS IN GLEN ROCK.

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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 $0

Program Service Revenue $0

Investment Income $58

Other Revenue $26,204

TOTAL REVENUE $26,262

Expense Breakdown

Grants Paid $37,880

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $42,356

Other Expenses $4,507

TOTAL EXPENSES $42,387

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,262	$30,742	-0.1%
Expenses	$42,387	$25,772	+0.6%
Net Income	$-16,125	$4,970	-4.2%

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

N/A

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
PAM WOLAK	President	5.00	Officer	$0	$0	$0
JOANNE PERRY	Secretary	5.00	Officer	$0	$0	$0
LENORA BENJAMIN	Vice President	5.00	Officer	$0	$0	$0
NANCY CATANESE	Treasurer	5.00	Officer	$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	$26,262	$42,387	$125,021	$-16,125
2023	$30,742	$25,772	$141,146	$4,970
2022	$39,893	$25,867	$136,176	$14,026
2021	$65	$8,313	$120,571	$-8,248
2020	$82	$4,839	$128,819	$-4,757
2019	$46,666	$37,624	$133,576	$9,042
2018	$26,659	$21,882	$124,534	$4,777

GLEN ROCK CENTRAL BUSINESS DISTRICT COMMISSION INC