BLOOMFIELD-GARFIELD CORPORATION (EIN 251290469) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1976

Legal Domicile

Principal Officer

RICHARD SWARTZ

Phone

4124416950

Tax Period

2024-01-01 to 2024-12-31

BLOOMFIELD-GARFIELD CORPORATION, founded in 1976, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

TO BETTER THE SOCIAL, ECONOMIC, AND PHYSICAL FABRIC OF THE BLOOMFIELD, GARFIELD AND (SEE SCH O) FRIENDSHIP NEIGHBORHOODS BY ENGAGING AND INSPIRING MEMBERS OF THE COMMUNITY. (COMMUNITY REVITALIZATION)

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,181,807

Program Service Revenue $467,954

Investment Income $83,734

Other Revenue $-47,492

TOTAL REVENUE $1,686,003

Expense Breakdown

Grants Paid $2,040

Salaries & Benefits $732,495

Fundraising Expenses $31,450

Program Expenses $1,547,755

Other Expenses $1,003,034

TOTAL EXPENSES $1,748,094

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,686,003	$2,182,639	-0.2%
Expenses	$1,748,094	$1,867,938	-0.1%
Net Income	$-62,091	$314,701	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

138

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

$67,554

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FAIRCLAUGH JARMELE	PRESIDENT	4.00	Officer Director	$0	$0	$0
MALONEY PJ	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
RESTELLI ZACH	TREASURER	3.00	Officer Director	$0	$0	$0
ALVES ELENA	SECRETARY	3.00	Officer Director	$0	$0	$0
CLEMM JULIA	DIRECTOR	1.00	Director	$0	$0	$0
CORNELL WILLIAM F	DIRECTOR	1.00	Director	$0	$0	$0
GUENTHER ALAN	DIRECTOR	1.00	Director	$0	$0	$0
HALL JOSEPH	DIRECTOR	1.00	Director	$0	$0	$0
HEISLER GREG	DIRECTOR	1.00	Director	$0	$0	$0
KORNICK CRAIG	DIRECTOR	1.00	Director	$0	$0	$0
SIMON SANDY	DIRECTOR	1.00	Director	$0	$0	$0
SOGGA LILLIAN	DIRECTOR	1.00	Director	$0	$0	$0
WRIGHT JOHN	DIRECTOR	1.00	Director	$0	$0	$0
YOUNG AUTUMN	DIRECTOR	1.00	Director	$0	$0	$0
SWARTZ RICHARD	EXECUTIVE DIRECTOR	40.00	Officer	$62,808	$4,746	$67,554

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	$1,686,003	$1,748,094	$4,504,968	$-62,091
2023	$2,182,639	$1,867,938	$4,262,265	$314,701
2022	$1,718,907	$1,602,315	$4,223,257	$116,592
2021	$2,025,372	$1,845,874	$2,944,024	$179,498
2020	$1,452,422	$1,137,731	$2,856,295	$314,691
2019	$1,271,560	$1,331,702	$2,282,622	$-60,142
2018	$1,857,428	$1,881,512	$2,271,380	$-24,084

BLOOMFIELD-GARFIELD CORPORATION