LINCOLN PARK COAST CULTURAL DISTRICT INC (EIN 223729215) - 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

ANTHONY SMITH

Phone

9732424144

Tax Period

2023-01-01 to 2023-12-31

LINCOLN PARK COAST CULTURAL DISTRICT INC, founded in 1999, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring.

Mission

THE MISSION OF THE ORGANIZATION IS TO PLAN, DESIGN AND DEVELOP A COMPREHENSIVE CULTURAL AND ARTS DISTRICT IN THE LINCOLN PARK COAST AREA OF THE CITY OF NEWARK. THE MUSIC FESTIVAL CONDUCTED IN THE SUMMER IS THE MOST SIGNIFICANT ACTIVITY.

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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 $1,033,197

Program Service Revenue $24,222

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,057,419

Expense Breakdown

Grants Paid $0

Salaries & Benefits $433,123

Fundraising Expenses $54,143

Program Expenses $866,294

Other Expenses $649,744

TOTAL EXPENSES $1,082,867

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,057,419	$1,654,454	-0.4%
Expenses	$1,082,867	$1,656,648	-0.3%
Net Income	$-25,448	$-2,194	+10.6%

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

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

$146,838

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY SCHUMAN	BOARD CHAIR	2.00	Director	$0	$0	$0
JORGE SANTOS	VICE CHAIR	2.00	Director	$0	$0	$0
TISA ROUNTREE	BOARD SECRETARY	2.00	Director	$0	$0	$0
CHARLES THOMAS	BOARD TREASURER	2.00	Director	$0	$0	$0
THERESA HOOPER MARSHALL	MEMBER	1.00	Director	$0	$0	$0
ANTOINETTE RICHARDSON	MEMBER	1.00	Director	$0	$0	$0
RENEE FOSTER	MEMBER	1.00	Director	$0	$0	$0
ARTURO OSORIO	MEMBER	1.00	Director	$0	$0	$0
SYLVIA ALSTON	MEMBER	1.00	Director	$0	$0	$0
REV FRED SULLIVAN III	MEMBER	1.00	Director	$0	$0	$0
ANTHONY R SMITH	EXECUTIVE DIRECTOR	40.00	Director	$129,353	$17,485	$146,838

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	$1,057,419	$1,082,867	$2,153,151	$-25,448
2023	$1,070,923	$1,177,324	$2,138,968	$-106,401
2022	$1,654,454	$1,656,648	$2,152,578	$-2,194
2021	$839,482	$807,212	$2,064,170	$32,270
2020	$807,290	$650,762	$1,956,935	$156,528

LINCOLN PARK COAST CULTURAL DISTRICT INC