Freelancers Consumer Operated and Oriented Program of NJ (EIN 453262003) - 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

2011

Legal Domicile

Phone

9735852323

Tax Period

2025-01-01 to 2025-12-31

Freelancers Consumer Operated and Oriented Program of NJ, founded in 2011, is a community nonprofit in the Mutual Benefit sector that reported $1.4M in total revenue in fiscal year 2025. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $300K, a strong 22% operating margin.

Mission

The organization was placed into rehabilitation on October 19, 2016 by the Commissioner for the New Jersey Department of Banking and Insurance. It was then placed into Liquidation on February 3, 2017.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,345,635

Other Revenue $6,237

TOTAL REVENUE $1,351,872

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,634,122

Fundraising Expenses $0

Other Expenses $-582,603

TOTAL EXPENSES $1,051,519

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,351,872	$1,888,234	-0.3%
Expenses	$1,051,519	$2,507,430	-0.6%
Net Income	$300,353	$-619,196	-1.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
None	None	N/A	Key Emp	$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
2025	$1,351,872	$1,051,519	$60,528,456	$300,353
2024	$1,888,234	$2,507,430	$60,305,362	$-619,196
2023	$1,749,989	$2,549,890	$60,920,085	$-799,901
2022	$133,294	$2,329,812	$61,593,120	$-2,196,518
2021	$67,961,148	$8,459,565	$64,066,743	$59,501,583
2020	$2,636,248	$1,820,907	$33,221,568	$815,341

Freelancers Consumer Operated and Oriented Program of NJ