NEWARK POLICE FOUNDATION INC (EIN 461006367) - 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

2016

Legal Domicile

Principal Officer

CHIP HALLOCK

Phone

9732424257

Tax Period

2022-01-01 to 2022-12-31

NEWARK POLICE FOUNDATION INC, founded in 2016, is a micro nonprofit in the Crime & Legal sector that reported $22K in total revenue in fiscal year 2022. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $64K exceeded revenue, resulting in a 192% operating deficit.

Mission

TO ENHANCE THE EFFECTIVENESS OF THE NEWARK POLICE DIVISION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $22,050

Program Service Revenue $0

Investment Income $29

Other Revenue $0

TOTAL REVENUE $22,079

Expense Breakdown

Grants Paid $35,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,095

Other Expenses $29,438

TOTAL EXPENSES $64,438

Year-over-Year Comparison

	2022	2021	Change
Revenue	$22,079	$342,688	-0.9%
Expenses	$64,438	$59,175	+0.1%
Net Income	$-42,359	$283,513	-1.1%

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

Employees

N/A

Volunteers

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
CHRISTOPHER PORRINO	CHAIR	2.00	Officer Director	$0	$0	$0
MODIA BUTLER	CO-PRESIDENT	1.00	Officer Director	$0	$0	$0
CARLOS COUTO	CO-PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES CRANN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHIP HALLOCK	TREASURER	2.00	Officer Director	$0	$0	$0
LEAH SMITH	SECRETARY	2.00	Officer Director	$0	$0	$0
CRAIG CARPENITO	TRUSTEE	1.00	Director	$0	$0	$0
RABBI ISAAC FRANKEL	TRUSTEE	1.00	Director	$0	$0	$0
BARI MATTES	TRUSTEE	1.00	Director	$0	$0	$0
MARY TOSCANO	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
2022	$22,079	$64,438	$246,446	$-42,359
2021	$342,688	$59,175	$288,805	$283,513

NEWARK POLICE FOUNDATION INC