RIDGE OAK II INC

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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

2001

Legal Domicile

Principal Officer

BONNIE KELLY

Phone

9082210266

Tax Period

2023-07-01 to 2024-06-30

RIDGE OAK II INC, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $552K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $688K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO OPERATE A RESIDENTIAL HOUSING PROJECT IN BASKING RIDGE, NJ FOR LOW INCOME ELDERLY PERSONS.

Program Service Accomplishments

Program 1

Expenses: $543,430 Revenue: $536,569

PROVISION OF 39 UNITS FOR HOUSING AND RELATED SERVICES FOR THE ELDERLY IN BASKING RIDGE, NJ, PURSUANT TO SECTION 202 OF THE US HOUSING ACT OF 1959 AS AMENDED.

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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 $0

Program Service Revenue $536,569

Investment Income $15,783

Other Revenue $0

TOTAL REVENUE $552,352

Expense Breakdown

Grants Paid $0

Salaries & Benefits $133,596

Fundraising Expenses $0

Program Expenses $543,430

Other Expenses $554,744

TOTAL EXPENSES $688,340

Year-over-Year Comparison

	2023	2022	Change
Revenue	$552,352	$480,654	+0.1%
Expenses	$688,340	$676,153	+0.0%
Net Income	$-135,988	$-195,499	-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

N/A

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

$249,911

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAMELA BOWMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
DEBORAH KNAPP	TRUSTEE	0.30	Director	$0	$0	$0
NORMAN GRAFF	TREASURER	1.00	Officer Director	$0	$0	$0
TRACIE MALLEO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN PAPE	TRUSTEE	0.30	Director	$0	$0	$0
BOB TALLAKSEN	TRUSTEE	0.30	Director	$0	$0	$0
DENISE SZABO	TRUSTEE	0.30	Director	$0	$0	$0
VINCENT BAKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRUCE MCARTHUR	TRUSTEE	0.30	Director	$0	$0	$0
BONNIE KELLY	EXECUTIVE DIRECTOR	10.00	Officer	$0	$62,684	$249,911

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
2025	No data	No data	No data	No data
2024	$552,352	$688,340	$2,806,705	$-135,988
2023	$480,654	$676,153	$2,935,431	$-195,499
2022	$450,702	$633,943	$3,159,692	$-183,241
2021	$431,993	$633,843	$3,343,140	$-201,850
2020	$426,384	$606,013	$3,517,993	$-179,629
2019	$436,657	$595,694	$3,715,098	$-159,037
2018	$412,467	$609,028	$3,878,462	$-196,561