FREEHOLD CENTER MANAGEMENT CORP

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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

Phone

7323330094

Tax Period

2024-07-01 to 2025-06-30

FREEHOLD CENTER MANAGEMENT CORP, founded in 1992, is a small nonprofit that reported $473K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $526K exceeded revenue, resulting in a 11% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $391,927 Revenue: $472,347

VARIOUS ACTIVITIES TO PROMOTE AND IMPROVE SPECIAL IMPROVEMENT DISTRICT TO ATTRACT CUSTOMERS TO FREQUENT THE BOROS VARIOUS BUSINESSES AND RESTAURANTS.

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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 $472,347

Investment Income $270

Other Revenue $0

TOTAL REVENUE $472,617

Expense Breakdown

Grants Paid $0

Salaries & Benefits $229,895

Fundraising Expenses $0

Program Expenses $391,927

Other Expenses $295,637

TOTAL EXPENSES $525,532

Year-over-Year Comparison

	2024	2023	Change
Revenue	$472,617	$414,010	+0.1%
Expenses	$525,532	$428,476	+0.2%
Net Income	$-52,915	$-14,466	+2.7%

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
MARLENE ROGALA	SECRETARY	5.00	Officer Director	$0	$0	$0
MARIANNE EARLE	BOARD MEMBER	5.00	Director	$0	$0	$0
NORMA ALICEA	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
ANTHONY CAMALIERE	TREASURER	5.00	Officer Director	$0	$0	$0
MICHAEL FEDERICI	CHAIRMAN	5.00	Officer Director	$0	$0	$0
JEFF FRIEDMAN	BOARD MEMBER	5.00	Director Key Emp	$0	$0	$0
JEAN HOLTZ	BOARD MEMBER	5.00	Director	$0	$0	$0
ROB KASH	1ST VICE CHAIR	5.00	Officer Director	$0	$0	$0
MIKE PAGE	BOARD MEMBER	5.00	Director	$0	$0	$0
ELIAS ABILHEIRA	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
NOLAN HIGGINS	TRUSTEE	5.00	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
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
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
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

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	$472,617	$525,532	$54,810	$-52,915
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