Newark Trust for Education Inc

EIN: 383663314 501(c)(3)

Newark, NJ

Total Revenue
$222,233
Total Expenses
$478,210
Total Assets
$291,360
Net Assets
$237,774
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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
2002
Legal Domicile
NJ
Principal Officer
Robert Clark
Phone
9736480300
Tax Period
2023-07-01 to 2024-06-30

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.

Mission

INDEPENDENT ORGANIZATION DEDICATED TO DEVELOPING, COORDINATING, AND FOCUSING IDEAS, RESOURCES AND EXPERTISE AND HOLDING EVERYONE ACCOUNTABLE FOR QUALITY EDUCATION IN NEWARK.

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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 (2023)

Revenue Breakdown

Contributions & Grants $172,285
Program Service Revenue $37,500
Investment Income $4,345
Other Revenue $8,103
TOTAL REVENUE $222,233

Expense Breakdown

Grants Paid $0
Salaries & Benefits $271,503
Fundraising Expenses $0
Program Expenses $0
Other Expenses $206,707
TOTAL EXPENSES $478,210

Year-over-Year Comparison

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%
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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Governance

Voting Members
10
Independent Members
10
Employees
9
Volunteers
10

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
5
$373,241
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
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
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 $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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