GROUNDWORK ELIZABETH INC (EIN 562397106) - 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

2003

Legal Domicile

Principal Officer

John Evangelista

Phone

9082890260

Tax Period

2023-01-01 to 2023-12-31

GROUNDWORK ELIZABETH INC, founded in 2003, is a community nonprofit in the Recreation & Sports sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $468K, a strong 34% operating margin.

Mission

To work within the Elizabeth, N.J. and adjacent Union County communities to improve the quality of the physical environment and lives of those in our diverse neighborhoods, as we build healthy, sustainable and more equitable places for all.

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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 $1,186,739

Program Service Revenue $208,334

Investment Income $5

Other Revenue $0

TOTAL REVENUE $1,395,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $598,865

Fundraising Expenses $12,202

Program Expenses $915,128

Other Expenses $328,465

TOTAL EXPENSES $927,330

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,395,078	$691,311	+1.0%
Expenses	$927,330	$693,625	+0.3%
Net Income	$467,748	$-2,314	-203.1%

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

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
Jonathan Phillips	Executive Director	40.00	Key Emp	$0	$0	$0
0Gregory J Waga RA AIA	President	2.00	Officer Director	$0	$0	$0
John Gallina	Vice President	2.00	Officer Director	$0	$0	$0
Ken Richuso	Treasurer	2.00	Officer Director	$0	$0	$0
Doug Harris	Secretary	2.00	Officer Director	$0	$0	$0
Maria Carvalho	Trustee	1.00	Director	$0	$0	$0
Marcy Metz	Trustee	1.00	Director	$0	$0	$0
Fatimah Raymond	Trustee	1.00	Director	$0	$0	$0
David Strochak	Trustee	1.00	Director	$0	$0	$0
Marty Borruso	Trustee	1.00	Director	$0	$0	$0
Phyllis Reich	Trustee	1.00	Director	$0	$0	$0
Darren Bryden	Trustee	1.00	Director	$0	$0	$0
Ana Domiciano	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	$1,395,078	$927,330	$839,291	$467,748
2022	$691,311	$693,625	$431,410	$-2,314
2021	$590,200	$435,791	$406,096	$154,409
2020	$556,528	$461,238	$307,102	$95,290
2019	$476,467	$518,447	$133,971	$-41,980
2018	$565,361	$561,545	$142,065	$3,816

GROUNDWORK ELIZABETH INC