Newark Alliance INC (EIN 223664305) - 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

1999

Legal Domicile

Principal Officer

Lata Reddy

Phone

9735966400

Tax Period

2023-01-01 to 2023-12-31

Newark Alliance INC, founded in 1999, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.7M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $4.4M left a modest 7% surplus.

Mission

TO WORK IN PARTNERSHIP TO MAKE NEWARK A BETTER, SAFER PLACE TO WORK, LIVE, LEARN, PLAY, AND DO BUSINESS.

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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 $3,937,135

Program Service Revenue $688,119

Investment Income $33,755

Other Revenue $16,215

TOTAL REVENUE $4,675,224

Expense Breakdown

Grants Paid $347,820

Salaries & Benefits $1,666,860

Fundraising Expenses $0

Program Expenses $3,512,120

Other Expenses $2,336,634

TOTAL EXPENSES $4,351,314

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,675,224	$4,232,490	+0.1%
Expenses	$4,351,314	$2,929,765	+0.5%
Net Income	$323,910	$1,302,725	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EVAN WEISS	PRESIDENT/CFO	40.00		$275,000	$19,906	$294,906
ASHLEY MAYS	DIRECTOR	40.00		$195,000	$21,124	$216,124
KALEENA BERRYMAN	DIRECTOR	40.00		$156,083	$15,582	$171,665
SIBUSISIWE MALABA	DIRECTOR	40.00		$154,404	$14,214	$168,618
Lata Reddy	Chairman	5.00	Officer Director	$0	$0	$0
DENNIS M BONE	BOARD MEMBER	3.00	Director	$0	$0	$0
JOHN SCHREIBER	BOARD MEMBER	3.00	Director	$0	$0	$0
CHRISTOPHER JAMES	BOARD MEMBER	3.00	Director	$0	$0	$0
RICHARD DUNN	BOARD MEMBER	3.00	Director	$0	$0	$0
SUZANNE SPERO	BOARD MEMBER	3.00	Director	$0	$0	$0
NANCY CANTOR	BOARD MEMBER	3.00	Director	$0	$0	$0
ADENAH BAYOH	BOAR MEMBER	3.00	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	No data	No data	No data	No data
2023	$4,675,224	$4,351,314	$6,051,783	$323,910
2022	$4,232,490	$2,929,765	$5,683,238	$1,302,725
2021	$2,492,723	$2,649,969	$3,740,799	$-157,246
2020	$3,232,730	$2,459,326	$3,814,478	$773,404
2019	$3,227,580	$2,103,747	$2,750,804	$1,123,833
2018	$1,685,736	$1,593,047	$1,477,342	$92,689

Newark Alliance INC