Elizabeth Destination Marketing Organization (EIN 463601630) - 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

2013

Legal Domicile

Principal Officer

Jennifer Costa

Phone

9083559797

Tax Period

2023-01-01 to 2023-12-31

Elizabeth Destination Marketing Organization, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $733K in total revenue in fiscal year 2023. Expenses of $865K exceeded revenue, resulting in a 18% operating deficit.

Mission

To increase and improve the marketing and development of the City of Elizabeth as a year-round destination and leverage its geographic location relative to Newark Intl Airort, NYC, and the greater Northeast Region of the Country and to promote the interest of those engaged in the hospitality industry within the City of Elizabeth.

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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 $105,750

Program Service Revenue $621,076

Investment Income $5,576

Other Revenue $636

TOTAL REVENUE $733,038

Expense Breakdown

Grants Paid $0

Salaries & Benefits $301,012

Fundraising Expenses $0

Program Expenses $865,481

Other Expenses $564,469

TOTAL EXPENSES $865,481

Year-over-Year Comparison

	2023	2022	Change
Revenue	$733,038	$712,330	+0.0%
Expenses	$865,481	$476,406	+0.8%
Net Income	$-132,443	$235,924	-1.6%

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

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

$132,092

Total Directors

$132,092

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Executive Director	10.00	Officer Director	$0	$0	$132,092
N/A	Chairman	N/A	Director	$0	$0	$0
N/A	Director	5.00	Director	$0	$0	$0
N/A	Director	5.00	Director	$0	$0	$0
N/A	Director	5.00	Director	$0	$0	$0
N/A	Director	5.00	Director	$0	$0	$0
N/A	Director	5.00	Director	$0	$0	$0
N/A	Director	5.00	Director	$0	$0	$0
N/A	Director	5.00	Director	$0	$0	$0
N/A	Director	5.00	Director	$0	$0	$0
N/A	Director	5.00	Director	$0	$0	$0
N/A	Director	5.00	Director	$0	$0	$0
N/A	Director	5.00	Director	$0	$0	$0
Manny Grova	Director	5.00	Director	$0	$0	$0
Katherine Craig	Director	5.00	Director	$0	$0	$0
Rachael Goldberg	Director	5.00	Director	$0	$0	$0
Marcy Metz	Diretor	5.00	Director	$0	$0	$0
David Strochak	Director	5.00	Director	$0	$0	$0
Edgar Lopez	Director	5.00	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
2024	No data	No data	No data	No data
2023	$733,038	$865,481	$851,219	$-132,443
2022	$712,330	$476,406	$954,721	$235,924
2021	$687,852	$238,055	$719,171	$449,797
2020	$382,493	$264,921	$255,082	$117,572
2019	$648,156	$657,173	$160,216	$-9,017
2018	$651,846	$652,093	$146,593	$-247

Elizabeth Destination Marketing Organization