MIDJERSEY CENTER FOR ECONOMIC DEVELOPMENT

EIN: 260449187 501(c)(3)

PRINCETON, NJ

Total Revenue
$2,599
Total Expenses
$29,929
Total Assets
$6,568
Net Assets
$6,568
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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
2007
Legal Domicile
NJ
Principal Officer
JOSEPH MARUCA
Phone
6096899960
Tax Period
2018-01-01 to 2018-12-31

MIDJERSEY CENTER FOR ECONOMIC DEVELOPMENT, founded in 2007, is a micro nonprofit that reported $3K in total revenue in fiscal year 2018. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $30K exceeded revenue, resulting in a 1052% operating deficit.

Mission

SUPPORT AND PROMOTE THE RENTENTION, EXPANSION AND ATTRACTION OF BUSINESS ENTITIES IN THE GREATER MERCER COUNTY REGION IN A MANNER THAT COMPLEMENTS THE EFFORTS OF OUR ECONOMIC DEVELOPMENT PARTNERS AND ENHANCES THE QUALITY OF LIFE.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $2,599
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,599

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $28,749
Other Expenses $29,929
TOTAL EXPENSES $29,929

Year-over-Year Comparison

2018 2017 Change
Revenue $2,599 $203,109 -1.0%
Expenses $29,929 $206,664 -0.9%
Net Income $-27,330 $-3,555 +6.7%
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

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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
55

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
3
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RONALD L PERL CHAIRMAN 1.00
Officer Director
$0 $0 $0
DR JOSEPH LAMENDOLA VICE CHAIR 1.00
Officer Director
$0 $0 $0
JOSEPH MARUCA TREASURER 1.00
Officer Director
$0 $0 $0
ROLAND POTT TRUSTEE 1.00
Director
$0 $0 $0
TIMOTHY LOSCH TRUSTEE 1.00
Director
$0 $0 $0
THOMAS ROMANO TRUSTEE 1.00
Director
$0 $0 $0
FRANK LUCCHESI TRUSTEE 1.00
Director
$0 $0 $0
DR MICHAEL WILLIAMS TRUSTEE 1.00
Director
$0 $0 $0
KATHERINE KISH TRUSTEE 1.00
Director
$0 $0 $0
CAROL ANN SHORT TRUSTEE 1.00
Director
$0 $0 $0
ANTHONY CARABELLI JR TRUSTEE 1.00
Director
$0 $0 $0
JEFFREY HALL ESQ TRUSTEE 1.00
Director
$0 $0 $0
MARK IORIO TRUSTEE 1.00
Director
$0 $0 $0
DR WILLIAM KEEP TRUSTEE 1.00
Director
$0 $0 $0
KATIE GIBBS TRUSTEE 1.00
Director
$0 $0 $0
TIM TOUHEY TRUSTEE 1.00
Director
$0 $0 $0
STU DEMBER 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
2018 $2,599 $29,929 $6,568 $-27,330
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