MORRIS COUNTY RETIREES EDUCATION ASSOCIATION PHILANTHROPIC FUNDINC (EIN 475527526) - 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

2015

Legal Domicile

Principal Officer

SUSAN VIGILANTE

Phone

9733660202

Tax Period

2024-09-01 to 2025-08-31

MORRIS COUNTY RETIREES EDUCATION ASSOCIATION PHILANTHROPIC FUNDINC, founded in 2015, is a micro nonprofit in the Education sector that reported $52K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $20K, a strong 39% operating margin.

Mission

TO PROVIDE SCHOLARSHIP AID TO STUDENTS WHO HAVE GRADUATED FROM A MORRIS COUNTY, NEW JERSEY PUBLIC SCHOOL AND WHO WILL PREPARE FOR A CAREER IN EDUCATION BY GRADUATING WITH A BACHELOR'S DEGREE FROM AN ACCREDITED COLLEGE OR UNIVERSITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $35,877

Program Service Revenue $0

Investment Income $16,138

Other Revenue $0

TOTAL REVENUE $52,015

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $31,776

Other Expenses $11,776

TOTAL EXPENSES $31,776

Year-over-Year Comparison

	2024	2023	Change
Revenue	$52,015	$78,096	-0.3%
Expenses	$31,776	$58,592	-0.5%
Net Income	$20,239	$19,504	+0.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN VIGILANTE	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
SUSAN BEEKMAN	1ST VICE CHAIRPERSON	5.00	Officer Director	$0	$0	$0
LAURIE SCHORNO	2ND VICE CHAIRPERSON	5.00	Officer Director	$0	$0	$0
KIM COWING	SECRETARY	5.00	Officer Director	$0	$0	$0
RONALD GOUNAUD	TREASURER	5.00	Officer 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
2025	$52,015	$31,776	$602,967	$20,239
2024	$78,096	$58,592	$582,728	$19,504
2023	$32,201	$26,434	$563,224	$5,767
2022	$58,784	$39,216	$557,457	$19,568
2021	$36,354	$26,434	$537,889	$9,920
2020	$27,132	$27,141	$527,969	$-9
2019	$49,825	$43,071	$527,978	$6,754

MORRIS COUNTY RETIREES EDUCATION ASSOCIATION PHILANTHROPIC FUNDINC