THE GREATER NEWARK HOLIDAY FUND

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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

1937

Legal Domicile

Principal Officer

ANTHONY AZEVEDO

Phone

8662924673

Tax Period

2023-09-01 to 2024-08-31

THE GREATER NEWARK HOLIDAY FUND, founded in 1937, is a small nonprofit that reported $234K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

TO CONDUCT AN ANNUAL APPEAL FOR DONATIONS TO SUPPORT THE WORK OF VARIOUS SOCIAL SERVICE AGENCIES IN THE NORTHERN NEW JERSEY AREA. THESE AGENCIES PROVIDE FINANCIAL ASSISTANCE AND VITAL SERVICES TO THE LESS FORTUNATE.

Program Service Accomplishments

Program 1

Expenses: $241,555

CONDUCTED AN ANNUAL FUND RAISING CAMPAIGN, THE PROCEEDS OF WHICH HELP TO FUND PROGRAMS OFFERED BY SOCIAL SERVICE AGENCIES IN THE GREATER NEWARK, NJ AREA WHICH PROVIDE ASSISTANCE TO THE LESS...

CONDUCTED AN ANNUAL FUND RAISING CAMPAIGN, THE PROCEEDS OF WHICH HELP TO FUND PROGRAMS OFFERED BY SOCIAL SERVICE AGENCIES IN THE GREATER NEWARK, NJ AREA WHICH PROVIDE ASSISTANCE TO THE LESS FORTUNATE, PARTICULARLY DURING THE WINTER HOLIDAY MONTHS.

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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 $234,021

Program Service Revenue $0

Investment Income $10

Other Revenue $0

TOTAL REVENUE $234,031

Expense Breakdown

Grants Paid $154,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $241,555

Other Expenses $87,555

TOTAL EXPENSES $241,555

Year-over-Year Comparison

	2023	2022	Change
Revenue	$234,031	$259,267	-0.1%
Expenses	$241,555	$258,510	-0.1%
Net Income	$-7,524	$757	-10.9%

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

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
MARIE L MATHEWS	PRESIDENT/SECRETARY	2.00	Officer Director	$0	$0	$0
SAM GARRUTO	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ANTHONY AZEVEDO	TREASURER	2.00	Officer Director	$0	$0	$0
FRANK FERRUGGIA	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL GILFILLAN	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER MAZAWEY	TRUSTEE	1.00	Director	$0	$0	$0
JOHN NIETZEL	TRUSTEE	1.00	Director	$0	$0	$0
TED ZANGARI	TRUSTEE	1.00	Director	$0	$0	$0
NICOLAS DECOTIIS	TRUSTEE	1.00	Director	$0	$0	$0
MONICA PEREIRA	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN REGAN	TRUSTEE	1.00	Director	$0	$0	$0
CONOR ORR	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	No data	No data	No data	No data
2024	$234,031	$241,555	$66,091	$-7,524
2023	$259,267	$258,510	$73,615	$757
2022	$282,713	$316,549	$72,858	$-33,836
2021	$337,025	$321,883	$106,694	$15,142
2020	$312,255	$316,048	$91,552	$-3,793
2019	$309,995	$311,008	$95,345	$-1,013
2018	$357,067	$340,712	$96,358	$16,355