INVEST NEWARK A NEW JERSEY NONPROFIT CORP (EIN 260829057) - 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

KEVIN COLLINS

Phone

9732731040

Tax Period

2023-01-01 to 2023-12-31

INVEST NEWARK A NEW JERSEY NONPROFIT CORP, founded in 2007, is a mid-sized nonprofit in the Community Improvement sector that reported $16.5M in total revenue in fiscal year 2023. Revenue surged 146% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.8M, a strong 60% operating margin.

Mission

INVEST NEWARK'S MISSION TO RETAIN AND GROW BUSINESSES, ENHANCE SMALL AND MINORITY CAPACITY, INITIATE AND EXECUTE ECONOMIC DEVELOPMENT ACTIVITIES, PRODUCE AND SUSTAIN ECONOMIC GROWTH.

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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 $15,287,341

Program Service Revenue $1,395,306

Investment Income $-225,451

Other Revenue $0

TOTAL REVENUE $16,457,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,042,805

Fundraising Expenses $0

Program Expenses $4,497,698

Other Expenses $3,571,228

TOTAL EXPENSES $6,614,033

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,457,196	$6,698,200	+1.5%
Expenses	$6,614,033	$4,042,566	+0.6%
Net Income	$9,843,163	$2,655,634	+2.7%

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

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

$1,350,353

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BISOLA TAIWO	MEMBER	1.50	Director	$0	$0	$0
CEDRIC BENNET	MEMBER	1.50	Director	$0	$0	$0
KEVIN LYONS	MEMBER	1.50	Director	$0	$0	$0
LAMONICA MCIVER	MEMBER	1.50	Director	$0	$0	$0
ALLISON LADD	CHAIRPERSON	1.50	Director	$0	$0	$0
JOE FREISER	CO-CHAIRPERSON	1.50	Director	$0	$0	$0
RICHARD CAMMARIERI	MEMBER	1.50	Director	$0	$0	$0
JEANIQUE DRUSES	MEMBER	1.50	Director	$0	$0	$0
CARLOS GONZALEZ	MEMBER	1.50	Director	$0	$0	$0
MARCUS RANDOLPH	PRESIDENT & CEO	40.00	Officer	$178,500	$61,179	$239,679
KEVIN COLLINS	CFO	40.00	Officer	$177,120	$51,509	$228,629
AARON MEYERSON	CHIEF INNOVATIVE ECONOMY OFFICER	40.00	Officer	$168,268	$30,782	$199,050
JERERI EDWARDS	SVP OF FINANCE	40.00	Officer	$132,840	$22,500	$155,340
EMILY MANZ	CHIEF BUSINESS DEVELOPMENT OFFICER	40.00	Officer	$124,362	$13,162	$137,524
JEET GULATI	GENERAL COUNSEL	40.00	Officer	$163,393	$19,223	$182,616
ROY SOUTHERLAND	CHIEF INVESTMENT OFFICER,0	40.00	Officer	$179,375	$28,140	$207,515

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	No data	No data	No data	No data
2023	$16,457,196	$6,614,033	$29,952,166	$9,843,163
2022	$6,698,200	$4,042,566	$20,248,135	$2,655,634
2021	$11,755,184	$3,582,343	$20,429,385	$8,172,841
2020	$4,740,585	$2,734,600	$10,801,729	$2,005,985
2019	$3,096,821	$2,510,322	$6,162,452	$586,499

INVEST NEWARK A NEW JERSEY NONPROFIT CORP