CAMDEN SPECIAL SERVICES DISTRICT INC (EIN 223776507) - 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

2000

Legal Domicile

Principal Officer

NICHOLAS CANGELOSI

Phone

8568234282

Tax Period

2023-01-01 to 2023-12-31

CAMDEN SPECIAL SERVICES DISTRICT INC, founded in 2000, is a community nonprofit in the Community Improvement sector that reported $3.2M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.0M left a modest 8% surplus.

Mission

TO PROMOTE THE REVITALIZATION OF THE CITY OF CAMDEN THROUGH A JOINT PUBLIC/PRIVATE VENTURE.

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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 $2,566,852

Program Service Revenue $653,659

Investment Income $13

Other Revenue $11,636

TOTAL REVENUE $3,232,160

Expense Breakdown

Grants Paid $0

Salaries & Benefits $422,088

Fundraising Expenses $0

Program Expenses $2,792,041

Other Expenses $2,559,309

TOTAL EXPENSES $2,981,397

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,232,160	$2,958,686	+0.1%
Expenses	$2,981,397	$2,762,619	+0.1%
Net Income	$250,763	$196,067	+0.3%

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

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
ANGELO ALBERTO	SECRETARY / VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANGEL FUENTES	TRUSTEE	1.00	Director	$0	$0	$0
LISA L FOLKS	TRUSTEE	1.00	Director	$0	$0	$0
RAY LAMBOY	TRUSTEE	1.00	Director	$0	$0	$0
LAUREN C SLEPIAN	TRUSTEE	1.00	Director	$0	$0	$0
SONIA RIVERA PEREZ	TRUSTEE	1.00	Director	$0	$0	$0
DR SUSAN STUKES	TRUSTEE	1.00	Director	$0	$0	$0
JOE BALZANO	TRUSTEE	1.00	Director	$0	$0	$0
NICK CANGELOSI	CHAIR	1.00	Officer Director	$0	$0	$0
COURTNEY DIRKS	TRUSTEE	1.00	Director	$0	$0	$0
VICTORIA HOSENDORF	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER LEHMAN	TRUSTEE	1.00	Director	$0	$0	$0
BERNADETTE SZAKAL	TREASURER	1.00	Officer Director	$0	$0	$0
NATHANIEL ECHEVERRIA	EXECUTIVE DIRECTOR	40.00	Highest	$153,080	$18,204	$171,284

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	$3,232,160	$2,981,397	$3,181,413	$250,763
2022	$2,958,686	$2,762,619	$2,812,364	$196,067
2021	$1,743,911	$1,688,563	$3,145,289	$55,348
2020	$2,523,523	$1,267,757	$2,340,150	$1,255,766
2019	$1,886,676	$1,829,382	$850,894	$57,294
2018	$1,474,014	$1,473,813	$877,478	$201

CAMDEN SPECIAL SERVICES DISTRICT INC