FREEHOLD CENTER MANAGEMENT CORP (EIN 521816635) - 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

1992

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

FREEHOLD CENTER MANAGEMENT CORP, founded in 1992, is a small nonprofit that reported $414K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

FOSTER THE DOWNTOWN ECONOMIC DEVELOPMENT, ENCOURAGE THE DOWNTOWNS REVITALIZATION, PRESERVE THE DOWNTOWNS HISTORIC PAST

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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 $414,010

Investment Income $0

Other Revenue $0

TOTAL REVENUE $414,010

Expense Breakdown

Grants Paid $0

Salaries & Benefits $194,122

Fundraising Expenses $0

Program Expenses $270,658

Other Expenses $234,354

TOTAL EXPENSES $428,476

Year-over-Year Comparison

	2023	2022	Change
Revenue	$414,010	$381,944	+0.1%
Expenses	$428,476	$396,452	+0.1%
Net Income	$-14,466	$-14,508	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

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
ROBERT GERRITY	BOARD MEMBER	0.00	Director	$0	$0	$0
PAUL NEBB	BOARD MEMBER	0.00	Director	$0	$0	$0
KHOLOUD MARZUQ	BOARD MEMBER	0.00	Director	$0	$0	$0
MICHAEL DIBENEDETTO	TRUSTEE	5.00	Director	$0	$0	$0
LAZARO CARDENAS	BOARD MEMBER	0.00	Director	$0	$0	$0
DAVID ESQUENAZI	BOARD MEMBER	0.00	Director	$0	$0	$0
TERI OCONNOR	LIAISON	0.00	Director	$0	$0	$0
CHRIS COLANER	LIAISON	0.00	Director	$0	$0	$0
SHANNON EADON	LIAISON	0.00	Director	$0	$0	$0
ANNETTE JORDAN	LIAISON	0.00	Director	$0	$0	$0
KEVIN KANE	LIAISON	0.00	Director	$0	$0	$0
THOMAS ARONONE	LIAISON	0.00	Director	$0	$0	$0
NOLAN HIGGINS	TRUSTEE	5.00	Director	$0	$0	$0
JEAN HOLTZ	BOARD MEMBER	5.00	Director	$0	$0	$0
JEFF FRIEDMAN	BOARD MEMBER	5.00	Director Key Emp	$0	$0	$0
MARIANNE EARLE	BOARD MEMBER	5.00	Director	$0	$0	$0
MIKE PAGE	BOARD MEMBER	5.00	Director	$0	$0	$0
SHARI SCARAMUZZO	BOARD MEMBER	5.00	Director Highest	$0	$0	$0
IGOR KAPELNIKOV	TRUSTEE	5.00	Director	$0	$0	$0
ELIAS ABILHEIRA	BOARD MEMBER	5.00	Director	$0	$0	$0
NORMA ALICEA	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
MARLENE ROGALA	SECRETARY	5.00	Officer Director	$0	$0	$0
ROB KASH	1ST VICE CHAIR	5.00	Officer Director	$0	$0	$0
MICHAEL FEDERICI	CHAIRMAN	5.00	Officer Director	$0	$0	$0
ANTHONY CAMALIERE	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
2024	$414,010	$428,476	$82,178	$-14,466
2023	$386,070	$396,453	$95,412	$-10,383
2022	$350,210	$414,162	$91,944	$-63,952
2021	$335,701	$268,228	$154,531	$67,473
2020	$353,127	$331,535	$94,482	$21,592
2019	$320,484	$360,375	$80,631	$-39,891
2018	$395,711	$392,055	$101,125	$3,656

FREEHOLD CENTER MANAGEMENT CORP