NEWARK HOUSING AUTHORITY SCHOLARSHIP FOUNDATION (EIN 521602530) - 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

1988

Legal Domicile

Principal Officer

Kevin Krier

Tax Period

2024-09-01 to 2025-08-31

NEWARK HOUSING AUTHORITY SCHOLARSHIP FOUNDATION, founded in 1988, is a small nonprofit in the Education sector that reported $320K in total revenue in fiscal year 2024. Revenue surged 161% from the prior year, signaling strong growth momentum. The organization ran a surplus of $67K, a strong 21% operating margin.

Mission

The purpose of this program is to increase the likelihood of high school students from Newark entering and graduating from college

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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 $319,762

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $319,762

Expense Breakdown

Grants Paid $58,475

Salaries & Benefits $2,374

Fundraising Expenses $0

Other Expenses $191,782

TOTAL EXPENSES $252,631

Year-over-Year Comparison

	2024	2023	Change
Revenue	$319,762	$122,679	+1.6%
Expenses	$252,631	$106,304	+1.4%
Net Income	$67,131	$16,375	+3.1%

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

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
IMANI JACKSON-SCOTT	SENIOR GRANT ACCOUNTANT	002.00	Director	$0	$0	$0
CELIA KING	EXECUTIVE DIRECTOR	002.00	Director	$0	$0	$0
KEVIN KRIER	CEO	002.00	Officer Director	$0	$0	$0
BAKARI LEE	CDO	002.00	Officer Director	$0	$0	$0
ZACHARY LEWIS	PRESIDENT	002.00	Officer Director	$0	$0	$0
LISA PETROSKY	MANAGING DIRECTOR	002.00	Director	$0	$0	$0
LEONARD SPICER	EXECUTIVE DIRECTOR	002.00	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
2025	$319,762	$252,631	$135,257	$67,131
2024	$122,679	$106,303	$105,799	$16,376
2023	$111,628	$76,452	$89,597	$35,176
2022	$113,879	$93,795	$76,921	$20,084

NEWARK HOUSING AUTHORITY SCHOLARSHIP FOUNDATION