New Direction NJ (EIN 823902128) - 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

2018

Legal Domicile

Principal Officer

Cary Chevat

Phone

2025520221

Tax Period

2021-01-01 to 2021-12-31

New Direction NJ, founded in 2018, is a micro nonprofit that reported $61K in total revenue in fiscal year 2021. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $491K exceeded revenue, resulting in a 710% operating deficit.

Mission

The purpose of the corporation is to advocate for policies that support economic opportunity for New Jerseys middle class.

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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 (2021)

Revenue Breakdown

Contributions & Grants $60,600

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $60,600

Expense Breakdown

Grants Paid $24,000

Salaries & Benefits $0

Fundraising Expenses $10,024

Program Expenses $324,000

Other Expenses $456,769

TOTAL EXPENSES $490,769

Year-over-Year Comparison

	2021	2020	Change
Revenue	$60,600	$5,406,192	-1.0%
Expenses	$490,769	$5,749,664	-0.9%
Net Income	$-430,169	$-343,472	+0.3%

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
Cary Chevat	President	1.00	Officer Director	$0	$0	$0
Kathryn Weller Demming	Treasurer	1.00	Officer Director	$0	$0	$0
Ingrid Collazos	Secretary	1.00	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
2021	$60,600	$490,769	$56,026	$-430,169
2020	$5,406,192	$5,749,664	$490,057	$-343,472

New Direction NJ