MONTCLAIR CENTER CORPORATION

EIN: 562293034 501(c)(3) Community Improvement

MONTCLAIR, NJ

Total Revenue
$1,270,968
Total Expenses
$1,368,785
Total Assets
$935,018
Net Assets
$706,359
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
NJ
Principal Officer
ERNST GOLDMAN
Phone
9735093820
Tax Period
2024-01-01 to 2024-12-31

MONTCLAIR CENTER CORPORATION, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024.

Mission

TO MAKE MONTCLAIR CENTER A VIBRANT PLACE TO SHOP,WORK,EAT,LIVE AND PLAY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $217,850
Program Service Revenue $1,039,907
Investment Income $1,610
Other Revenue $11,601
TOTAL REVENUE $1,270,968

Expense Breakdown

Grants Paid $0
Salaries & Benefits $412,562
Fundraising Expenses $16,159
Program Expenses $1,260,569
Other Expenses $956,223
TOTAL EXPENSES $1,368,785

Year-over-Year Comparison

2024 2023 Change
Revenue $1,270,968 $1,245,125 +0.0%
Expenses $1,368,785 $1,226,219 +0.1%
Net Income $-97,817 $18,906 -6.2%
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

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Governance

Voting Members
20
Independent Members
20
Employees
6
Volunteers
30

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
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT HORRIGAN Treasurer 2.63
Officer Director
$0 $0 $0
ERNST GOLDMAN Vice President 2.53
Officer Director
$0 $0 $0
JAJI PACKARD President 2.75
Officer Director
$0 $0 $0
EMER FEATHERSTONE Trustee 0.58
Director
$0 $0 $0
DANIEL GARCIA-PEDROSA Trustee 0.58
Director
$0 $0 $0
DAVID PLACEK Trustee 0.21
Director
$0 $0 $0
JILL MONTAGUE Trustee 0.87
Director
$0 $0 $0
RACHEL GROCHOWSKI Trustee 0.61
Director
$0 $0 $0
NATALIE HADDAD Trustee 0.73
Director
$0 $0 $0
DAVID CUMMINGS Trustee 0.73
Director
$0 $0 $0
JACOB NIEMAN Trustee 0.87
Director
$0 $0 $0
MATT SILVERMAN Treasurer 0.87
Officer Director
$0 $0 $0
TE'NIIJAH BUSSEY Trustee 0.73
Director
$0 $0 $0
MARRY CUMELLA Trustee 0.73
Director
$0 $0 $0
STACEY FILE Trustee 0.73
Director
$0 $0 $0
NEIL GRABOWSKY Trustee 0.73
Director
$0 $0 $0
NAT TESTA Trustee 0.73
Director
$0 $0 $0
AMINAH TOLER Trustee 0.73
Director
$0 $0 $0
RAHUM WILLIAMS Trustee 0.73
Director
$0 $0 $0
ASHLEY CYRUS Trustee 0.87
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
2024 $1,270,968 $1,368,785 $935,018 $-97,817
2023 $1,245,125 $1,226,219 $1,066,861 $18,906
2022 $1,130,169 $939,092 $991,158 $191,077
2021 $768,086 $904,937 $813,944 $-136,851
2020 $1,602,985 $1,305,638 $1,657,413 $297,347
2019 $661,273 $627,088 $702,575 $34,185
2018 $621,620 $563,731 $698,571 $57,889
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