RIVERFRONT PLAZA GARAGE MANAGEMENT CORPORATION (EIN 521765208) - 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

1990

Legal Domicile

Principal Officer

ALFRED FAIELLA

Phone

9736435844

Tax Period

2024-07-01 to 2025-06-30

RIVERFRONT PLAZA GARAGE MANAGEMENT CORPORATION, founded in 1990, is a small nonprofit in the Community Improvement sector that reported $501K in total revenue in fiscal year 2024. Expenses of $946K exceeded revenue, resulting in a 89% operating deficit.

Mission

TO SUPPORT REDEVELOPMENT PROJECTS IN NEW JERSEY.

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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 $0

Program Service Revenue $494,377

Investment Income $6,953

Other Revenue $0

TOTAL REVENUE $501,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $945,000

Other Expenses $945,856

TOTAL EXPENSES $945,856

Year-over-Year Comparison

	2024	2023	Change
Revenue	$501,330	$475,737	+0.1%
Expenses	$945,856	$650,000	+0.5%
Net Income	$-444,526	$-174,263	+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

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

$213,594

Total Directors

$213,594

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALFRED FAIELLA	PRESIDENT	5.00	Officer Director	$0	$17,425	$195,425
WILLIAM EATON	V. PRESIDENT	1.00	Officer Director	$0	$0	$18,169
WARREN J KING JR	SECRETARY	1.00	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	$501,330	$945,856	$4,405,772	$-444,526
2024	$475,737	$650,000	$4,850,298	$-174,263
2023	$459,223	$850,837	$5,024,561	$-391,614
2022	$443,357	$439,000	$5,416,175	$4,357
2021	$386,179	$491,397	$5,411,818	$-105,218
2020	$316,733	$60,015	$5,570,027	$256,718
2019	$290,966	$750,016	$5,313,309	$-459,050
2018	$286,579	$56	$5,772,359	$286,523

RIVERFRONT PLAZA GARAGE MANAGEMENT CORPORATION