CUMBERLAND EMPOWERMENT ZONE CORPORA

EIN: 223697249 501(c)(3) Public Safety

MILLVILLE, NJ

Total Revenue
$726,657
Total Expenses
$562,591
Total Assets
$12,857,610
Net Assets
$10,951,683
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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
NJ
Principal Officer
DENISE JACKSON
Phone
8563014607
Tax Period
2024-01-01 to 2024-12-31

CUMBERLAND EMPOWERMENT ZONE CORPORA, founded in 1999, is a small nonprofit in the Public Safety sector that reported $727K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $164K, a strong 23% operating margin.

Mission

COMMUNITY ECONOMIC DEVELOPMENT. IMPLEMENTATION OF EMPOWERMENT ZONE PROGRAM PROVIDING LOANS AND GRANTS TO COMMUNITY ORGANIZATIONS AND BUSINESSES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $179,113
Program Service Revenue $25,448
Investment Income $522,096
Other Revenue $0
TOTAL REVENUE $726,657

Expense Breakdown

Grants Paid $0
Salaries & Benefits $353,398
Fundraising Expenses $0
Program Expenses $186,513
Other Expenses $209,193
TOTAL EXPENSES $562,591

Year-over-Year Comparison

2024 2023 Change
Revenue $726,657 $553,521 +0.3%
Expenses $562,591 $487,610 +0.2%
Net Income $164,066 $65,911 +1.5%
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

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Governance

Voting Members
9
Independent Members
7
Employees
3
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
3
$0
Total Directors
7
$117,288
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD BETHEA CHAIRMAN 0.50
Officer
$0 $0 $0
PRESTON CENTUOLO VICE-CHAIRMA 0.50
Officer
$0 $0 $0
SANDRA FOROSISKY SECRETARY/TR 0.50
Officer
$0 $0 $0
CATHI INGHRAM DIRECTOR 0.50
Director
$0 $0 $0
HECTOR BONILLA DIRECTOR 0.50
Director
$0 $0 $0
JOSEPH CALCHI DIRECTOR 0.50
Director
$0 $0 $0
ALBERT KELLY DIRECTOR 0.50
Director
$0 $0 $0
CAROL MUSSO DIRECTOR 0.50
Director
$0 $0 $0
OSCAR GARCIA DIRECTOR 0.50
Director
$0 $0 $0
DENISE JACKSON EXECUTIVE DI 40.00
Director
$109,615 $7,673 $117,288
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 $726,657 $562,591 $12,857,610 $164,066
2023 $553,521 $487,610 $11,382,636 $65,911
2022 $714,640 $415,167 $11,310,179 $299,473
2021 $390,388 $556,602 $11,104,352 $-166,214
2020 $354,837 $491,103 $11,267,841 $-136,266
2020 $354,837 $491,103 $11,267,841 $-136,266
2019 $1,112,687 $1,134,614 $11,398,230 $-21,927
2018 $838,577 $872,061 $12,865,606 $-33,484
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