THOMAS EDISON MEDIA ARTS CONSORTIUM

EIN: 521665274 501(c)(3) Arts, Culture & Humanities

MILLTOWN, NJ

Total Revenue
$119,573
Total Expenses
$135,962
Total Assets
$44,412
Net Assets
$42,114
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
NJ
Principal Officer
STEVE GORELICK
Phone
2012002043
Tax Period
2023-07-01 to 2024-06-30

THOMAS EDISON MEDIA ARTS CONSORTIUM, founded in 1987, is a small nonprofit in the Arts, Culture & Humanities sector that reported $120K in total revenue in fiscal year 2023. Expenses of $136K exceeded revenue, resulting in a 14% operating deficit.

Mission

IN 2022, THE CONSORTIUM EXHIBITED FILM AND VIDEO CREATED BY 115 INDEPENDENT FILMMAKERS THROUGH THE THOMAS EDISON FILM FESTIVAL (TEFF) TOUR BOTH IN- PERSON AND VIRTUALLY. 33 STUDENT FILMMAKERS HAD THEIR WORK EXHIBITED VIRTUALLY ON THE THOMAS EDISON VIRTUAL FILM FESTIVAL WEBSITE AND AT AN IN- PERSON PREMIERE AT THE THOMAS EDISON NATIONAL HISTORICAL PARK IN WEST ORANGE, NJ. THERE WERE IN-PERSON TEFF SCREENINGS - AT PRINCETON UNIVERSITY; NATIONAL GALLERY OF ART, DC: POCONO ARTS CENTER, PA; UNIVERSITY OF DELAWARE, RAMAPO COLLEGE OF NJ, THE 1ST UNIVERSALIST UNITARIAN CHURCH - THE HUUB, ORANGE, NJ; MULTIPLE PROGRAMS AT THE HOBOKEN MUSEUM; JERSEY CITY THEATER CENTER; CRANDALL LIBRARY, GLENS FALLS; SYRACUSE UNIVERSITY; UNIVERSITY OF COLORADO BOULDER; AND MORE IN-PERSON SCREENINGS ARE PLANNED THROUGH THE END OF 2022 AT THE SECAUCUS LIBRARY; AT GLIMMERGLASS FILM DAYS IN COOPERSTOWN; AND AT MORRIS FIRST NIGHT IN MORRISTOWN, NJ. THERE WERE DOZENS OF TEFF SCREENINGS PRESENTED VIRTUALLY, ALL OF WHICH

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $87,780
Program Service Revenue $31,793
Investment Income $0
Other Revenue $0
TOTAL REVENUE $119,573

Expense Breakdown

Grants Paid $0
Salaries & Benefits $79,963
Fundraising Expenses $0
Program Expenses $125,464
Other Expenses $55,999
TOTAL EXPENSES $135,962

Year-over-Year Comparison

2023 2022 Change
Revenue $119,573 $114,748 +0.0%
Expenses $135,962 $109,778 +0.2%
Net Income $-16,389 $4,970 -4.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
10
Independent Members
10
Employees
2
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
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HENRY BAKER ADVISORY BOA 0.50
Director
$0 $0 $0
DAVID DENENBERG TRUSTEE 0.50
Director
$0 $0 $0
BORIS GAVRILOVIC ADVISORY BOA 0.50
Director
$0 $0 $0
CLAYTON HEMMERT TRUSTEE 0.50
Director
$0 $0 $0
JOEL KATZ ADVISORY BOA 0.50
Director
$0 $0 $0
LOUIS LIBITZ ADVISORY BOA 0.50
Director
$0 $0 $0
THERESA LOONG TRUSTEE 0.50
Director
$0 $0 $0
CAROLYN MACCHIA ADVISORY BOA 0.50
Director
$0 $0 $0
DIANE MOSS TRUSTEE 0.50
Director
$0 $0 $0
ROLANDO NIEVES ADVISORY BOA 0.50
Director
$0 $0 $0
MARGARET PARSONS ADVISORY BOA 0.50
Director
$0 $0 $0
NICOLE POMETTI ADVISORY BOA 0.50
Director
$0 $0 $0
STEPHANIE ROBERTS ADVISORY BOA 0.50
Director
$0 $0 $0
LEAH SATLIN TRUSTEE 0.50
Director
$0 $0 $0
DON JAY SMITH TRUSTEE 0.50
Director
$0 $0 $0
DR JOANNE BRUNO TREASURER 2.00
Officer
$0 $0 $0
JONATHAN COLE SECRETARY 2.00
Officer
$0 $0 $0
STEVE GORELICK PRESIDENT 2.00
Officer
$0 $0 $0
MATT SAVARE VICE PRESIDE 2.00
Officer
$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 No data No data No data No data
2024 $119,573 $135,962 $44,412 $-16,389
2023 $114,748 $109,778 $63,848 $4,970
2022 $123,348 $111,801 $56,432 $11,547
2021 $87,692 $77,704 $45,399 $9,988
2020 $71,117 $63,848 $32,128 $7,269
2019 $74,336 $65,249 $25,723 $9,087
Explore More Nonprofits
Top 100 Nonprofits in New Jersey Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare THOMAS EDISON MEDIA ARTS CONSORTIUM with other nonprofits in New Jersey and across the country.