Family Promise of Southwest New Jersey (EIN 550830629) - 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

Legal Domicile

Phone

8562435971

Tax Period

2023-01-01 to 2023-12-31

Family Promise of Southwest New Jersey is a small nonprofit in the Human Services sector that reported $401K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $523K exceeded revenue, resulting in a 30% operating deficit.

Mission

The Organization mission is to provide homeless families an opportunity to achieve stability by providing shelter, food, case management and hospitality

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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 $197,068

Program Service Revenue $174,241

Investment Income $1,214

Other Revenue $28,968

TOTAL REVENUE $401,491

Expense Breakdown

Grants Paid $0

Salaries & Benefits $257,514

Fundraising Expenses $14,553

Program Expenses $402,301

Other Expenses $265,365

TOTAL EXPENSES $522,879

Year-over-Year Comparison

	2023	2022	Change
Revenue	$401,491	$704,783	-0.4%
Expenses	$522,879	$761,476	-0.3%
Net Income	$-121,388	$-56,693	+1.1%

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

350

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

$68,654

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rosemarie Parker	Executive Dir.	40.00	Officer	$68,654	$0	$68,654
Tom Avery	President	3.00	Officer Director	$0	$0	$0
Rev Mantelle Bradley	Trustee	2.00	Director	$0	$0	$0
Deb Jennings	Trustee	2.00	Director	$0	$0	$0
Francis Adams	Treasurer	1.00	Officer Director	$0	$0	$0
Fred White	Trustee	1.00	Director	$0	$0	$0
Anthony Parlante	Vice President	1.00	Officer Director	$0	$0	$0
Anthony Killian	Secretary	1.00	Officer Director	$0	$0	$0
Beth Ann Jones	Trustee	1.00	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
2024	No data	No data	No data	No data
2023	$401,491	$522,879	$140,498	$-121,388
2022	$704,783	$761,476	$253,258	$-56,693
2021	$432,675	$428,244	$250,084	$4,431
2020	$251,985	$265,973	$202,923	$-13,988
2019	$242,437	$235,008	$89,615	$7,429
2018	$209,379	$227,151	$81,916	$-17,772

Family Promise of Southwest New Jersey