GARDEN STATE INITIATIVE INC (EIN 814373354) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

AUDREY LANE

Phone

8623457275

Tax Period

2024-01-01 to 2024-12-31

GARDEN STATE INITIATIVE INC, founded in 2016, is a small nonprofit in the Public & Societal Benefit sector that reported $505K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $86K, a strong 17% operating margin.

Mission

TO STRENGTHEN NEW JERSEY BY PROVIDING AN ALTERNATIVE VOICE AND COMMEN-SENSE POLICY SOLUTIONS IN THE STATE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $503,623

Program Service Revenue $0

Investment Income $204

Other Revenue $1,001

TOTAL REVENUE $504,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,064

Fundraising Expenses $7,036

Program Expenses $346,704

Other Expenses $341,629

TOTAL EXPENSES $418,693

Year-over-Year Comparison

	2024	2023	Change
Revenue	$504,828	$439,953	+0.1%
Expenses	$418,693	$395,443	+0.1%
Net Income	$86,135	$44,510	+0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$63,333

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS HEALEY	SECRETARY	5.00	Officer Director	$0	$0	$0
DIPAL PATEL	TREASURER	5.00	Officer Director	$0	$0	$0
LAWRENCE MONE	BOARD MEMBER	5.00	Director	$0	$0	$0
ROBERT HUGIN	BOARD MEMBER	5.00	Director	$0	$0	$0
SAMUEL COLE	BOARD MEMBER	5.00	Director	$0	$0	$0
FRAYDA LEVIN	BOARD MEMBER	5.00	Director	$0	$0	$0
REGINA EGEA	CHAIRMAN	40.00	Officer	$0	$0	$0
AUDREY LANE	PRESIDENT	40.00	Officer	$63,333	$0	$63,333

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	$504,828	$418,693	$329,295	$86,135
2023	$439,953	$395,443	$249,292	$44,510
2022	$532,960	$547,138	$213,131	$-14,178
2021	$818,800	$1,177,943	$224,976	$-359,143
2020	$675,459	$249,610	$584,741	$425,849
2019	$329,660	$330,899	$149,171	$-1,239
2018	$414,604	$512,303	$160,006	$-97,699

GARDEN STATE INITIATIVE INC