Teterboro Airport Community Benefit Fund Inc (EIN 260733765) - 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

2007

Legal Domicile

Principal Officer

John Panarello

Phone

2012886073

Tax Period

2023-01-01 to 2023-12-31

Teterboro Airport Community Benefit Fund Inc, founded in 2007, is a micro nonprofit in the Public & Societal Benefit sector that reported $12K in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $20K exceeded revenue, resulting in a 70% operating deficit.

Mission

To assist residents of various NJ communities in achieving their goals in higher education and human growth development.

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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 $273

Program Service Revenue $0

Investment Income $0

Other Revenue $11,712

TOTAL REVENUE $11,985

Expense Breakdown

Grants Paid $16,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,000

Other Expenses $4,340

TOTAL EXPENSES $20,340

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,985	$25,587	-0.5%
Expenses	$20,340	$3,310	+5.1%
Net Income	$-8,355	$22,277	-1.4%

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

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
John Panarello	President	3.00	Officer Director	$0	$0	$0
Ciba Williams	Treasurer	3.00	Officer Director	$0	$0	$0
Michael Fiscus	Secretary	3.00	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
2023	$11,985	$20,340	$29,965	$-8,355
2022	$25,587	$3,310	$38,320	$22,277
2021	$-1,224	$7,877	$16,043	$-9,101
2020	$4,662	$23,061	$25,144	$-18,399
2019	$34,497	$16,357	$43,543	$18,140
2018	$14,474	$16,387	$25,403	$-1,913

Teterboro Airport Community Benefit Fund Inc