SPRING LAKE BUSINESS DEVELOPMENT CORP

EIN: 261243759 Community Improvement

SPRING LAKE, NJ

Total Revenue
$159,686
Total Expenses
$166,210
Total Assets
$33,467
Net Assets
$24,961
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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
RICHARD CLAYTON
Phone
7324490037
Tax Period
2024-01-01 to 2024-12-31

SPRING LAKE BUSINESS DEVELOPMENT CORP, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $160K in total revenue in fiscal year 2024.

Mission

TO ENHANCE THE ECONOMIC VIABILITY OF THE SPRING LAKE DOWNTOWN BUSINESS COMMUNITY AND THE BOROUGH OF SPRING LAKE THROUGH MARKETING, PUBLIC RELATIONS AND BUSINESS 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $45,000
Program Service Revenue $114,588
Investment Income $98
Other Revenue $0
TOTAL REVENUE $159,686

Expense Breakdown

Grants Paid $0
Salaries & Benefits $100,872
Fundraising Expenses $0
Program Expenses $74,148
Other Expenses $65,338
TOTAL EXPENSES $166,210

Year-over-Year Comparison

2024 2023 Change
Revenue $159,686 $157,884 +0.0%
Expenses $166,210 $139,762 +0.2%
Net Income $-6,524 $18,122 -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

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Governance

Voting Members
20
Independent Members
20
Employees
2
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
19
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD CLAYTON CHAIRMAN N/A
Director
$0 $0 $0
WALTER BRACERO DIRECTOR N/A
Officer
$0 $0 $0
JEANNE CAMELI SECRETARY N/A
Officer
$0 $0 $0
HELLIN DESIDERIO ASSISTANT SE N/A
Officer
$0 $0 $0
MARK DOLAN DIRECTOR N/A
Officer
$0 $0 $0
ELLA FISCHER DIRECTOR N/A
Officer
$0 $0 $0
COLLEEN HARRINGTON DIRECTOR N/A
Officer
$0 $0 $0
NATALIE IWANYK DIRECTOR N/A
Officer
$0 $0 $0
KELLIE JOHNSON DIRECTOR N/A
Officer
$0 $0 $0
ANITA KRUSE ASSISTANT TR N/A
Officer
$0 $0 $0
MAGGIE LUZZI DIRECTOR 0.00
Officer
$0 $0 $0
SUE MATTIA DIRECTOR N/A
Officer
$0 $0 $0
KATHLEEN MCDONOUGH DIRECTOR N/A
Officer
$0 $0 $0
PAUL MURPHY DIRECTOR N/A
Officer
$0 $0 $0
CAROL PATTERSON DIRECTOR N/A
Officer
$0 $0 $0
PRISCILLA REILLY TREASURER N/A
Officer
$0 $0 $0
BRADLEY RODRIGUEZ DIRECTOR N/A
Officer
$0 $0 $0
MOYA RUSH DIRECTOR N/A
Officer
$0 $0 $0
PETER SAKLAS DIRECTOR N/A
Officer
$0 $0 $0
SYD WHALLEY VICE CHAIRMA N/A
Officer
$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 $159,686 $166,210 $33,467 $-6,524
2023 $157,884 $139,762 $39,330 $18,122
2022 $117,324 $141,180 $29,228 $-23,856
2021 $111,393 $114,605 $43,644 $-3,212
2020 $105,940 $99,351 $47,802 $6,589
2019 $115,669 $115,324 $43,783 $345
2018 $116,773 $124,531 $40,860 $-7,758
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