HUDSON COUNTY BAR FOUNDATION

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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

1962

Legal Domicile

Principal Officer

JOHN E MOLINARI

Phone

2017984708

Tax Period

2023-01-01 to 2023-12-31

HUDSON COUNTY BAR FOUNDATION, founded in 1962, is a small nonprofit in the Crime & Legal sector that reported $221K in total revenue in fiscal year 2023. Revenue surged 980% from the prior year, signaling strong growth momentum. Expenses of $211K left a modest 5% surplus.

Mission

SCHOLARSHIP GRANTS FOR TUITION AND BENEFITS TO THOSE PEOPLE REQUIRING LEGAL SERVICES BY SUPPORT OF HUDSON COUNTY BAR ASSOCIATION

Program Service Accomplishments

Program 1

Expenses: $173,468

SCHOLARSHIP GRANTS FOR TUITION AND BENEFITS TO THOSE PEOPLE REQUIRING LEGAL SERVICES BY SUPPORT OF HUDSON COUNTY BAR ASSOCIATION

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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 $5,857

Program Service Revenue $0

Investment Income $47,162

Other Revenue $168,307

TOTAL REVENUE $221,326

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $173,468

Other Expenses $185,657

TOTAL EXPENSES $210,657

Year-over-Year Comparison

	2023	2022	Change
Revenue	$221,326	$20,498	+9.8%
Expenses	$210,657	$186,067	+0.1%
Net Income	$10,669	$-165,569	-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

Employees

N/A

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
GERALD H BAKER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
KENNETH DAVIE	TRUSTEE	N/A	Director	$0	$0	$0
NORBERTO A GARCIA	TRUSTEE	N/A	Director	$0	$0	$0
JONATHAN KOLES	TRUSTEE	N/A	Director	$0	$0	$0
ROBERT E MARGULIES	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
STEPHEN J MCCURRIE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
SOTIRIA MAKROGIANNIS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JOHN E MOLINARI	PRESIDENT	N/A	Officer Director	$0	$0	$0
BRIAN NEARY	TRUSTEE	N/A	Director	$0	$0	$0
EUGENE P O'CONNELL	TRUSTEE	N/A	Director	$0	$0	$0
BENNETT A ROBBINS	TREASURER	N/A	Officer Director	$0	$0	$0
CINDY NAN VOGELMAN	SECRETARY	N/A	Officer Director	$0	$0	$0
KATHLEEN A WALROD	VICE PRESIDE	N/A	Officer 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	$221,326	$210,657	$1,362,698	$10,669
2022	$20,498	$186,067	$1,303,935	$-165,569
2021	$197,193	$173,984	$1,402,387	$23,209
2020	$200,113	$105,654	$1,310,912	$94,459
2019	$193,389	$162,934	$1,188,520	$30,455
2018	$96,011	$119,774	$1,127,390	$-23,763