Teamwork Unlimited Foundation A NJ… - Form 990 Financial Data

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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

2012

Legal Domicile

Principal Officer

Michael Garlatti

Phone

7325727243

Tax Period

2023-01-01 to 2023-12-31

Teamwork Unlimited Foundation A NJ Nonprofit Corporation, founded in 2012, is a micro nonprofit in the Diseases & Disorders sector that reported $70K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $25K, a strong 35% operating margin.

Mission

To provide relief to the person(s) or organizations in need due to financial distress on account of unforeseen or overwhelming issues.

Program Service Accomplishments

Program 1

Expenses: $44,702 Revenue: $70,451

To provide relief to the person(s) or organizations in need due to financial distress on account of unforeseen or overwhelming issues.

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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 $70,451

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $70,451

Expense Breakdown

Grants Paid $11,643

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $44,702

Other Expenses $33,906

TOTAL EXPENSES $45,549

Year-over-Year Comparison

	2023	2022	Change
Revenue	$70,451	$62,205	+0.1%
Expenses	$45,549	$34,601	+0.3%
Net Income	$24,902	$27,604	-0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Garlatti	Trustee	10.00	Director	$0	$0	$0
Trisha Garlatti	Trustee	10.00	Director	$0	$0	$0
Michael A Hronich	Trustee	1.00	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
2023	$70,451	$45,549	$115,778	$24,902
2022	$62,205	$34,601	$90,876	$27,604
2021	$9,429	$10,869	$63,272	$-1,440
2020	$775	$15,755	$64,712	$-14,980
2019	$39,393	$12,280	$79,692	$27,113

Teamwork Unlimited Foundation A NJ Nonprofit Corporation