Optimist Club of Passaic Inc

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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

1989

Legal Domicile

Principal Officer

DAN SHERIDAN

Tax Period

2023-01-01 to 2023-12-31

Optimist Club of Passaic Inc, founded in 1989, is a micro nonprofit that reported $10K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $9K left a modest 9% surplus.

Mission

Grant scholarships to deserving students in Passaic area and sponsor programs that support the youth in the community.

Program Service Accomplishments

Program 1

Expenses: $3,464

Donation to Passaic NAACP Donation to Boys & Girls of Passaic Passaic High School Home Coming Flowers Donation United Puerto Rican Council Passaic High School,Volleyball,Football programs Octagon...

Donation to Passaic NAACP Donation to Boys & Girls of Passaic Passaic High School Home Coming Flowers Donation United Puerto Rican Council Passaic High School,Volleyball,Football programs Octagon Club at High School

Program 2

Expenses: $1,698

Donation to Certified Angels 501(c)3 Gift of Giving Meal Train Basketball Camp

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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 $9,788

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $9,788

Expense Breakdown

Grants Paid $5,162

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,162

Other Expenses $3,773

TOTAL EXPENSES $8,935

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,788	$7,494	+0.3%
Expenses	$8,935	$13,926	-0.4%
Net Income	$853	$-6,432	-1.1%

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

N/A

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
DANIEL SHERIDAN	President	N/A	Officer	$0	$0	$0
GERMAINE GIBSON	First Vice President	N/A	Officer	$0	$0	$0
JASON SCOTTI	Second Vice President	N/A	Officer	$0	$0	$0
JOHN CIUPPA	Treasurer	N/A	Officer	$0	$0	$0
ESNERALDA CABRERA	Recording Secretary	N/A	Officer	$0	$0	$0
JEROME GALLAGHER	CorrespondingSecretary	N/A	Officer	$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
2023	$9,788	$8,935	$4,718	$853