NEW YORK & NEW JERSEY MINORITY SUPPLIER DEVELOPMENT COUNCIL INC (EIN 237439373) - 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

1973

Legal Domicile

Principal Officer

TERRENCE CLARK

Phone

2125025663

Tax Period

2024-01-01 to 2024-12-31

NEW YORK & NEW JERSEY MINORITY SUPPLIER DEVELOPMENT COUNCIL INC, founded in 1973, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $2.0M left a modest 8% surplus.

Mission

THE COUNCIL WAS ORGAINIZED TO ASSIST ECONOMICALLY DISADVANTAGED MINORITY-OWNED FIRMS IN CREATING MARKETS FOR THEIR PRODUCTS AND SERVICES AND TO ENCOURAGE THE COOPERATION OF THE BUSINESS COMMUNITY IN THE PURCHASING OF SUCH PRODUCTS AND SERVICES. TO ACHIEVE THIS OBJECTIVE THE COUNCIL HAS ESTABLISHED OFFICES TO FACILITATE EXCHANGE OF INFORMATION AMOUNG CORPORATE PURCHASING PROGRAMS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,361,452

Program Service Revenue $944,349

Investment Income $14,642

Other Revenue $-109,468

TOTAL REVENUE $2,210,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $845,026

Fundraising Expenses $572,667

Program Expenses $650,639

Other Expenses $1,183,860

TOTAL EXPENSES $2,028,886

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,210,975	$2,859,326	-0.2%
Expenses	$2,028,886	$2,116,417	0.0%
Net Income	$182,089	$742,909	-0.8%

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

$208,026

Total Directors

$208,026

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONDU VINCENT	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
TERRENCE CLARK	PRESIDENT CEO	40.00	Officer Director	$208,026	$0	$208,026
MELANIE GUNN-NIEVES	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
DARRIEN PINKMAN	TREASURER	2.00	Officer Director	$0	$0	$0
SHERI SHAFIR	SECRETARY	2.00	Director	$0	$0	$0
CHERYL MCCANTS	MBEIC CHAIR	2.00	Director	$0	$0	$0
SHENDORA PRIDGEN	MEMBER	2.00	Director	$0	$0	$0
TRUNG TIEU	MEMBER	2.00	Director	$0	$0	$0
LAURINDA THOMAS	MEMBER	2.00	Director	$0	$0	$0
JEANINE PEDOTO	MEMBER	2.00	Director	$0	$0	$0
MARISOL RAMIREZ	MEMBER	2.00	Director	$0	$0	$0
WESLEY W JOSEPH	MEMBER	2.00	Director	$0	$0	$0
GREG MICHEL	MEMBER	2.00	Director	$0	$0	$0
DAWN WELLS	MEMBER	2.00	Director	$0	$0	$0
CARL TIETJEN	MEMBER	2.00	Director	$0	$0	$0
FUQUAN COLLINS	MEMBER	2.00	Director	$0	$0	$0
MARK PRINCE	MEMBER	2.00	Director	$0	$0	$0
PUNITA PATEL	MEMBER	2.00	Director	$0	$0	$0
DANIEL S PARK	MEMBER	2.00	Director	$0	$0	$0
JESSICA JOHNSON-COPE	MEMBER	2.00	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
2024	$2,210,975	$2,028,886	$3,897,772	$182,089
2023	$2,859,326	$2,116,417	$3,929,527	$742,909
2022	$1,961,473	$1,561,186	$3,338,430	$400,287
2021	$2,414,706	$1,483,596	$2,004,201	$931,110
2020	$1,447,405	$1,342,758	$1,168,604	$104,647
2019	$1,752,015	$1,635,195	$897,307	$116,820
2018	$1,823,735	$1,687,134	$970,439	$136,601

NEW YORK & NEW JERSEY MINORITY SUPPLIER DEVELOPMENT COUNCIL INC