Newark, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Newark Trust for Education Inc, founded in 2002, is a small nonprofit that reported $222K in total revenue in fiscal year 2023. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $478K exceeded revenue, resulting in a 115% operating deficit.
Line 1 Newark Trust for Education, Inc. (the "Trust") was incorporated in the state of New Jersey as a not-for profit organization on August 23, 2002. Effective December 12, 2011, the organization registered a legal name change from Newark Public Schools Foundation, Inc. to Newark Trust for Education, Inc. The Trust is an independent non-profit dedicated to coordinating and focusing ideas, people, and resources on the efficient and effective delivery of a quality public education to all children in Newark; and to creating broad and shared accountability for student success across multiple stakeholders. The Trust envisions a public education infrastructure that leverages the wide array of opportunities available to the young people of Newark, effectively creating positive conditions for learning that help young people meet rigorous academic outcomes, develop strong socio-emotional skills, and have access to high-quality post-secondary options. Line 4 During FY2024 the Organization spent the majority of its efforts on strategic planning and administration.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $222,233 | $717,452 | -0.7% |
| Expenses | $478,210 | $1,579,805 | -0.7% |
| Net Income | $-255,977 | $-862,353 | -0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Ronald Chaluisan | Executive Director | 40.0 |
Officer
|
$270,599 | $10,499 | $281,098 |
| Oana Vicol | Director of Finance | 40.0 |
Officer
|
$88,762 | $3,381 | $92,143 |
| Robert Clark | Co-Chair/Board Member | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Celia King | Co-Chair/Secretary/BoardMember | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Shane Harris | Vice President/Board Member | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Dr Jacqueline Cusack | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Nancy Cantor | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Kyle Rosenkrans | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Jennifer Tsukayama | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Peter Rosario | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Dr Charles Payne | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Dr Robyn Ince | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $222,233 | $478,210 | $291,360 | $-255,977 |
| 2023 | $717,452 | $1,579,805 | $668,826 | $-862,353 |
| 2022 | $643,493 | $1,874,742 | $1,529,810 | $-1,231,249 |
| 2021 | $1,393,146 | $2,824,481 | $2,852,052 | $-1,431,335 |
| 2020 | $1,849,750 | $2,871,701 | $4,411,238 | $-1,021,951 |
| 2019 | $3,808,388 | $3,495,180 | $5,284,457 | $313,208 |
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