MILLVILLE URBAN REDEVELOPMENT CORPORATION

EIN: 453527668 501(c)(3)

MILLVILLE, NJ

Total Revenue
$70,052
Total Expenses
$461,368
Total Assets
N/A
Net Assets
N/A
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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
NJ
Principal Officer
SEAN TOMLIN
Phone
8567655765
Tax Period
2019-01-01 to 2019-12-31

MILLVILLE URBAN REDEVELOPMENT CORPORATION, founded in 2011, is a micro nonprofit that reported $70K in total revenue in fiscal year 2019. Revenue surged 17725% from the prior year, signaling strong growth momentum. Expenses of $461K exceeded revenue, resulting in a 559% operating deficit.

Mission

To promote the civic, cultural, economic and social development. Also to partner with nonprofits and private entities to secure federal and state tax credits

Program Service Accomplishments

Program 1
Expenses: $399,951 Revenue: $70,000

Programs that promote civic, cultural, economic and social development.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $70,000
Investment Income $52
Other Revenue $0
TOTAL REVENUE $70,052

Expense Breakdown

Grants Paid $0
Salaries & Benefits $52,500
Fundraising Expenses $0
Program Expenses $399,951
Other Expenses $408,868
TOTAL EXPENSES $461,368

Year-over-Year Comparison

2019 2018 Change
Revenue $70,052 $393 +177.2%
Expenses $461,368 $80,595 +4.7%
Net Income $-391,316 $-80,202 +3.9%
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

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Governance

Voting Members
5
Independent Members
5
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
3
$0
Total Directors
5
$52,500
Key Employees
1
$52,500
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sean Tomlin Chairman 2.00
Officer Director
$0 $0 $0
Dr Larry Miller Vice Chairman/Sec 2.00
Officer Director
$0 $0 $0
David Mitchell Treasurer 2.00
Officer Director
$0 $0 $0
Donald Ayres Director 40.00
Director Key Emp Highest
$52,500 $0 $52,500
Donald Daigle Director 2.00
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
2019 $70,052 $461,368 No data $-391,316
2018 $393 $80,595 $403,806 $-80,202
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