NORTH JERSEY ALUMNAE MINERVA CORPO… - Form 990 Financial Data

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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

Mollie Smith

Phone

9739262710

Tax Period

2023-01-01 to 2023-12-31

NORTH JERSEY ALUMNAE MINERVA CORPORATION INC, founded in 2000, is a micro nonprofit in the Education sector that reported $14K in total revenue in fiscal year 2023. Revenue surged 1327% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2K, a strong 15% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS AND ANY OTHER ASSISTANCE THAT WILL HELP STUDENTS IN OUR TARGET AREA.

Program Service Accomplishments

Program 1

Expenses: $11,575 Revenue: $14,257

THE ORGANIZATION DID NOT GRANT ANY SCHOLARSHIPS THIS YEAR.

Program 2

Expenses: $0 Revenue: $0

The organization did not undertake any significant program services during the year which were not listed on the prior Form 990 or 990-EZ.

Program 3

Expenses: $0 Revenue: $0

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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 $14,257

Program Service Revenue $0

Investment Income $17

Other Revenue $0

TOTAL REVENUE $14,274

Expense Breakdown

Grants Paid $99

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,575

Other Expenses $12,031

TOTAL EXPENSES $12,130

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,274	$1,000	+13.3%
Expenses	$12,130	$918	+12.2%
Net Income	$2,144	$82	+25.1%

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
PETRUCCI HARRIS TALIAFERRO	President	7	Officer Director	$0	$0	$0
ANDREANETTE HILTON	Vice President	7	Officer Director	$0	$0	$0
MOLLIE SMITH	Treasurer	7	Officer Director	$0	$0	$0
OLLIE WASHINGTON	Financial Secretary	7	Officer Director	$0	$0	$0
TAMEIKA PHILLIPS	Member	7	Officer Director	$0	$0	$0
NANCY HICKS	MEMBER	5	Director	$0	$0	$0
GWENDOLYN SLATON	Member	5	Director	$0	$0	$0
CHERYL WHITLEY CRAWFORD	Member	5	Director	$0	$0	$0
Dr DORITA NEWSOME-DOBBINS	Member	5	Director	$0	$0	$0
DANA JONES	Member	5	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	$14,274	$12,130	$13,129	$2,144
2022	$1,000	$918	$10,985	$82
2021	$4,145	$6,261	$21,003	$-2,116
2020	$39,943	$117,461	$23,119	$-77,518
2019	$99,562	$97,595	$90,882	$1,967
2018	$90,326	$81,495	$82,372	$8,831

NORTH JERSEY ALUMNAE MINERVA CORPORATION INC