HACKENSACK BLUE AND GOLD SCHOLARSHIP FUND INC (EIN 223729918) - 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

Phone

2013435600

Tax Period

2025-01-01 to 2025-12-31

HACKENSACK BLUE AND GOLD SCHOLARSHIP FUND INC, founded in 1999, is a small nonprofit in the Education sector that reported $258K in total revenue in fiscal year 2025. Revenue surged 229% from the prior year, signaling strong growth momentum. The organization ran a surplus of $217K, a strong 84% operating margin.

Mission

FUNDING OF SCHOLARSHIPS TO HACKENSACK HIGH SCHOOL STUDENTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $9,828

Program Service Revenue $0

Investment Income $61,195

Other Revenue $186,934

TOTAL REVENUE $257,957

Expense Breakdown

Grants Paid $30,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,000

Other Expenses $10,953

TOTAL EXPENSES $40,953

Year-over-Year Comparison

	2025	2024	Change
Revenue	$257,957	$78,462	+2.3%
Expenses	$40,953	$33,894	+0.2%
Net Income	$217,004	$44,568	+3.9%

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

N/A

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
ED ACCARDI	Trustee	1.00	Director	$0	$0	$0
FRAN BORG	Trustee	1.00	Director	$0	$0	$0
JOE PEDONE	Trustee	1.00	Director	$0	$0	$0
KEN CRUSIUS	Trustee	1.00	Director	$0	$0	$0
ZOE SCOULLOS	Trustee	1.00	Director	$0	$0	$0
LOUIS D'ARMINIO	Trustee	1.00	Director	$0	$0	$0
SAL FRASETTO	Trustee	1.00	Director	$0	$0	$0
TODD HALI	President	1.00	Officer Director	$0	$0	$0
JASON SOMES	Secretary	1.00	Officer Director	$0	$0	$0
EVANS ROACHE	Vice President	1.00	Officer Director	$0	$0	$0
JOANNE WEXLER	Trustee	1.00	Director	$0	$0	$0
GARY WURTENBERG	Treasurer	1.00	Officer Director	$0	$0	$0
MARCELLA MATTEI	Trustee	1.00	Director	$0	$0	$0
MIKE FRATELLO	Trustee	1.00	Director	$0	$0	$0
MARK STEIN	Trustee	1.00	Director	$0	$0	$0
DALE HOULIS	Trustee	1.00	Director	$0	$0	$0
BILL HELLER	Trustee	1.00	Director	$0	$0	$0
JENNIFER GIAMMONA	Trustee	1.00	Director	$0	$0	$0
VINCENT TROVINI	Trustee	1.00	Director	$0	$0	$0
BRETT KOENIG	Trustee	1.00	Director	$0	$0	$0
JASON NUNNERMACKER	Trustee	1.00	Director	$0	$0	$0
HENRY AMOROSO	Trustee	1.00	Director	$0	$0	$0
RON MANNINO	Trustee	1.00	Director	$0	$0	$0
JOE M PIZZA	Trustee	1.00	Director	$0	$0	$0
JONI SANZARI	Trustee	1.00	Director	$0	$0	$0
DAVID SANZARI	Trustee	1.00	Director	$0	$0	$0
ADAWALE ADEKAMBI	Trustee	1.00	Director	$0	$0	$0
JAMES ALSTON	Trustee	1.00	Director	$0	$0	$0
JASMINE BILALI	Trustee	1.00	Director	$0	$0	$0
PATTIE CAHILL	Trustee	1.00	Director	$0	$0	$0
ALAN GRIECO	Trustee	1.00	Director	$0	$0	$0
CRAIG JACKSON	Trustee	1.00	Director	$0	$0	$0
MARGARET KING	Trustee	1.00	Director	$0	$0	$0
ROBERT KNAKAL	Trustee	1.00	Director	$0	$0	$0
RICHARD MALAGIERE	Trustee	1.00	Director	$0	$0	$0
PETER MORGAN	Trustee	1.00	Director	$0	$0	$0
MILLIE NADAL	Trustee	1.00	Director	$0	$0	$0
JEFFREY PIZZA	Trustee	1.00	Director	$0	$0	$0
JOE PIZZA JR	Trustee	1.00	Director	$0	$0	$0
SANDRA ROBINSON	Trustee	1.00	Director	$0	$0	$0
MARK ROSEN	Trustee	1.00	Director	$0	$0	$0
ROSEMARY SHAHIN	Trustee	1.00	Director	$0	$0	$0
BRUCE WATSON	Trustee	1.00	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
2025	$257,957	$40,953	$2,062,249	$217,004
2024	$78,462	$33,894	$1,707,794	$44,568
2023	$44,249	$36,586	$1,529,422	$7,663
2022	$36,642	$35,138	$1,383,838	$1,504
2021	$396,645	$29,373	$1,578,974	$367,272
2020	$92,938	$33,508	$1,191,047	$59,430
2019	$64,946	$44,979	$1,114,014	$19,967
2018	$86,608	$33,104	$950,215	$53,504

HACKENSACK BLUE AND GOLD SCHOLARSHIP FUND INC