FOOD SPECIALIZATION REDEVELOPMENT CORPORATION (EIN 822457148) - 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

2017

Legal Domicile

Principal Officer

DALE JONES

Phone

8568253700

Tax Period

2025-01-01 to 2025-12-31

FOOD SPECIALIZATION REDEVELOPMENT CORPORATION, founded in 2017, is a micro nonprofit in the Community Improvement sector that reported $3.5M in total revenue in fiscal year 2025. Revenue fell 1988% from the prior year — a significant decline worth monitoring.

Mission

TO DEVELOP, CONSTRUCT, MANAGE, LEASE, SELL AND/OR TRANSFER THE FOOD INDUSTRY COMMERCIALIZATION CENTER IN THE CITY OF BRIDGETON, NJ AND TO CONTRACT WITH OTHER NON PROFIT CORPORATIONS, PRIVATE ENTITIES AND GOVERNMENTAL ENTITIES AS NECESSARY TO SECURE AND PARTICIPATE IN FEDERAL AND STATE OF NJ TAX CREDITS, INCLUDING NEW MARKETS TAX CREDITS, AND OTHER NECESSARY FINANCING.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $92,706

Investment Income $-3,594,833

Other Revenue $0

TOTAL REVENUE $-3,502,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $144,825

Other Expenses $264,609

TOTAL EXPENSES $264,609

Year-over-Year Comparison

	2025	2024	Change
Revenue	$-3,502,127	$185,517	-19.9%
Expenses	$264,609	$473,438	-0.4%
Net Income	$-3,766,736	$-287,921	+12.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD BETHEA	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
DALE JONES	TREASURER	5.00	Officer Director	$0	$0	$0
ROBERT P NEDOHON JR	PRESIDENT	5.00	Officer Director	$0	$0	$0
KEVIN RABAGO	TRUSTEE	5.00	Director	$0	$0	$0
DANTE RIETI	SECRETARY	5.00	Officer 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
2025	$-3,502,127	$264,609	$2,310,780	$-3,766,736
2024	No data	No data	No data	No data
2023	$185,522	$473,453	$9,508,087	$-287,931
2022	$185,529	$232,871	$10,175,333	$-47,342
2021	$185,560	$196,140	$10,222,750	$-10,580
2020	$185,666	$207,714	$10,233,330	$-22,048
2019	$93,048	$219,290	$10,255,380	$-126,242
2018	$432	$118,907	$11,523,131	$-118,475

FOOD SPECIALIZATION REDEVELOPMENT CORPORATION