ATLANTIC COUNTY ECONOMIC ALLIANCE … - Form 990 Financial Data

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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

2015

Legal Domicile

Phone

6092450019

Tax Period

2024-01-01 to 2024-12-31

ATLANTIC COUNTY ECONOMIC ALLIANCE INC, founded in 2015, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $3.1M left a modest 6% surplus.

Mission

TO SUSTAIN AND DIVERSIFY THE ECONOMY IN ORDER TO PROVIDE A HIGH QUALITY OF LIFE FOR ALL RESIDENTS

Program Service Accomplishments

Program 1

Expenses: $3,070,295

THE ALLIANCE UTILIZES FUNDS TO DEVELOP VARIOUS PROGRAMS AND INITIATIVES THAT WILL HELP IN THE DEVELOPMENT AND STABILITY OF THE ECONOMY IN ATLANTIC COUNTY BY FOCUSING ON BUSINESS RETENTION, BUSINESS ATTRACTION AND BUSIENSS GROWTH. OUR THREE LARGEST PROGRAMS ARE BUSINESS RETENTION, ATTRACTION AND GROWTH. THESE SERVICES ARE EXCUTED USING THE ORGANIZATION'S EMPLOYEES WHICH IS FUNDED VIA THE SALARY LINE.

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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 $3,303,722

Program Service Revenue $0

Investment Income $19,003

Other Revenue $0

TOTAL REVENUE $3,322,725

Expense Breakdown

Grants Paid $0

Salaries & Benefits $903,606

Fundraising Expenses $0

Program Expenses $3,070,295

Other Expenses $2,205,666

TOTAL EXPENSES $3,109,272

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,322,725	$2,851,215	+0.2%
Expenses	$3,109,272	$2,847,821	+0.1%
Net Income	$213,453	$3,394	+61.9%

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

$350,170

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAUREN H MOORE	President	40.00	Officer	$205,950	$0	$205,950
HOWARD J KYLE	PRESIDENT-NART	40.00		$166,359	$0	$166,359
GERALD M SLUSHER	CFO	40.00	Officer	$144,220	$0	$144,220
NOEL MCGUIRE	DIRECTOR OF ABD	40.00		$132,635	$0	$132,635
FRANCINE PALUMBO	OFFICE MANAGER	40.00		$68,918	$0	$68,918
BRETT MATIK	Trustee	5.00	Director	$0	$0	$0
KENNETH J CALEMMO JR	Trustee	1.00	Director	$0	$0	$0
DR BARBARA GABA	Trustee	1.00	Director	$0	$0	$0
LINDA GILMORE	Trustee	1.00	Director	$0	$0	$0
KEITH DAVIS ESQ	Trustee	1.00	Director	$0	$0	$0
WENDY BARTLETT	Secretary	1.00	Officer Director	$0	$0	$0
MATTHEW LEVINSON	Trustee	1.00	Director	$0	$0	$0
BOB BUCKNAM JR ESQ	Trustee	0.00	Director	$0	$0	$0
VITO PANTILIONE	Trustee	1.00	Director	$0	$0	$0
LEO SCHOFFER	Chair Emeritus	1.00	Director	$0	$0	$0
DAVID ZAPPARIELLO	Trustee	1.00	Director	$0	$0	$0
MITCH ZITOMER	Trustee	1.00	Director	$0	$0	$0
DR JOSEPH BERTOLINO	Trustee	1.00	Director	$0	$0	$0
CHUCK WESTCOTT	Trustee	1.00	Director	$0	$0	$0
MATTHEW DENAFO	Treasurer	1.00	Officer	$0	$0	$0
RICK RICCIARDI	VICE CHAIR	1.00	Officer	$0	$0	$0
MICHAEL VISCOUNT ESQ	CHAIR	1.00	Officer	$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	$3,322,725	$3,109,272	$6,041,809	$213,453
2023	$2,851,215	$2,847,821	$3,121,765	$3,394
2022	$1,587,816	$1,496,858	$4,040,807	$90,958
2021	$1,357,797	$1,335,472	$1,495,796	$22,325
2020	$1,223,386	$1,028,886	$1,404,761	$194,500
2019	$1,101,022	$940,997	$1,174,510	$160,025
2018	$723,070	$573,925	$949,366	$149,145
2017	$691,525	$433,150	$808,001	$258,375
2016	$502,083	$82,783	$437,830	$419,300

ATLANTIC COUNTY ECONOMIC ALLIANCE INC