BOYS & GIRLS CLUB OF PATERSON AND PASSAIC ASSOCIATION INC (EIN 475597813) - 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

ARTHUR CORWIN

Phone

9732793055

Tax Period

2023-01-01 to 2023-12-31

Mission

THE ASSOCIATION WAS FORMED TO PARTICIPATE IN THE NEW MARKETS TAX CREDIT FINANCING PROGRAM, AS SET FORTH IN SECTION 45D OF THE INTERNAL REVENUE CODE, FOR THE RENOVATION OF THE BOYS & GIRLS CLUB OF PATERSON AND PASSAIC'S PROPERTY IN PASSAIC AND TO SPECIFICALLY SUPPORT AND BENEFIT, FINANCIALLY AND/OR OPERATIONALLY THE CLUB. THE NEW MARKETS TAX CREDIT EXIT WAS FINALIZED AT THE BEGINNING OF FEBRUARY 2023; FOLLOWED BY THE MERGER OF THE ASSOCIATION WITH THE CLUB IN DECEMBER OF 2023.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$281,880	-1.0%
Expenses	N/A	$451,679	-1.0%
Net Income	N/A	$-169,799	N/A

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

$169,697

Total Directors

$169,697

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN HEIDTKE	PRESIDENT	2.00	Officer Director	$0	$0	$0
WENDY MCGUIRE	TREASURER	2.00	Officer Director	$0	$8,120	$169,697
GLEN VETRANO	SECRETARY	2.00	Officer Director	$0	$0	$0
JOSE ANGEL MARTINEZ	TRUSTEE	2.00	Director	$0	$0	$0
JEFFREY MONGE	TRUSTEE	2.00	Director	$0	$0	$0
MARIO TOMMOLILLO	TRUSTEE	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
2023	No data	No data	No data	No data
2022	$281,880	$451,679	$5,622,692	$-169,799
2021	$273,672	$443,402	$5,775,233	$-169,730
2020	$265,702	$434,971	$5,933,005	$-169,269
2019	$257,963	$426,533	$6,090,316	$-168,570
2018	$250,446	$418,483	$6,246,928	$-168,037

BOYS & GIRLS CLUB OF PATERSON AND PASSAIC ASSOCIATION INC