GREATER TRENTON INC (EIN 261307260) - 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

GEORGE D SOWA

Phone

6094732837

Tax Period

2023-01-01 to 2023-12-31

GREATER TRENTON INC, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $452K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $788K exceeded revenue, resulting in a 74% operating deficit.

Mission

BROKER, FOSTER, AND LEVERAGE PRIVATE, PUBLIC, AND COMMUNITY RESOURCES TO ENHANCE AND PROMOTE REDEVELOPMENT INITIATIVES THAT WILL REVITALIZE THE CITY OF TRENTON, NEW JERSEY WITH A PARTICULAR EMPHASIS ON THE DOWNTOWN.

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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 $289,659

Program Service Revenue $0

Investment Income $0

Other Revenue $161,875

TOTAL REVENUE $451,534

Expense Breakdown

Grants Paid $39,000

Salaries & Benefits $614,015

Fundraising Expenses $19,811

Program Expenses $628,657

Other Expenses $134,664

TOTAL EXPENSES $787,679

Year-over-Year Comparison

	2023	2022	Change
Revenue	$451,534	$628,505	-0.3%
Expenses	$787,679	$886,306	-0.1%
Net Income	$-336,145	$-257,801	+0.3%

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

$481,188

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN CUMMINGS	BOARD CHAIRMAN	5.00	Officer Director	$0	$0	$0
DR MERODIE HANCOCK	CORPORATE SECRETARY	5.00	Officer Director	$0	$0	$0
PEG FORRESTEL	TREASURER	5.00	Officer Director	$0	$0	$0
SUZANNE BORGOS	TRUSTEE	5.00	Director	$0	$0	$0
DR LETICIA FERRI	TRUSTEE	5.00	Director	$0	$0	$0
DAN KENNEDY	TRUSTEE	5.00	Director	$0	$0	$0
WES MATHEWS	TRUSTEE	5.00	Director	$0	$0	$0
SKIP CIMINO	TRUSTEE	5.00	Director	$0	$0	$0
FRANK LUCCHESI	TRUSTEE	5.00	Director	$0	$0	$0
DR DEBORAH E PRESTON	TRUSTEE	5.00	Director	$0	$0	$0
WANDA SAEZ	TRUSTEE	5.00	Director	$0	$0	$0
MITCH LIVINGSTON	TRUSTEE	5.00	Director	$0	$0	$0
TREBY WILLIAMS	TRUSTEE	5.00	Director	$0	$0	$0
DR JOSEPH YOUNGBLOOD	TRUSTEE	5.00	Director	$0	$0	$0
BERNIE FLYNN	TRUSTEE	5.00	Director	$0	$0	$0
MICHAEL VAN WAGNER	TRUSTEE	5.00	Director	$0	$0	$0
BRYAN A EVANS	SENIOR VICE PRESIDENT	40.00	Officer	$126,750	$35,638	$162,388
GEORGE D SOWA	CEO	40.00	Officer	$270,000	$48,800	$318,800

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	$451,534	$787,679	$1,125,961	$-336,145
2022	$628,505	$886,306	$1,517,430	$-257,801
2021	$1,445,315	$897,536	$1,792,031	$547,779
2020	$997,053	$1,204,667	$1,245,456	$-207,614
2019	$2,281,449	$2,373,301	$1,215,438	$-91,852
2018	$649,833	$744,751	$1,636,862	$-94,918

GREATER TRENTON INC