THE PASSAIC CHILL INC

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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

ALEX S BROWN

Phone

9083136026

Tax Period

2023-01-01 to 2023-12-31

THE PASSAIC CHILL INC, founded in 2018, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $54K in total revenue in fiscal year 2023. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $95K exceeded revenue, resulting in a 77% operating deficit.

Mission

TO OPERATE A CENTER SERVICING TEENS & YOUTH WHERE THEY FEEL WARM IN A NON-JUDGEMENTAL ENVIRONMENT AND TO PROVIDE HEALTHY ADULT ROLE MODELS.

Program Service Accomplishments

Program 1

Expenses: $38,929 Revenue: $53,661

WEEKLY EVENTS FOR TEENS & ADULT ROLE MODELS TO BOND OVER LOCAL ACTIVITIES.

Program 2

Expenses: $9,211 Revenue: $0

TRIPS FOR TEENS & YOUNG ADULTS. THE TRIPS SERVED A DUAL PURPOSE OF BRINGING YOUNG FRIENDS TOGETHER IN A SAFE AND SOBER ENVIRONMENT AND CELEBRATING THE ACCOMPLISHMENTS OVER THE PREVIOUS YEAR. 20 PLUS...

Program 3

Expenses: $30,337 Revenue: $0

MISCELLANEOUS EVENTS THROUGHOUT THE YEAR. THESE PROGRAMS REACHED APPROX. 20 PARTICIPANTS.

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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 $53,661

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $53,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $78,477

Other Expenses $94,759

TOTAL EXPENSES $94,759

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,661	$285,228	-0.8%
Expenses	$94,759	$88,051	+0.1%
Net Income	$-41,098	$197,177	-1.2%

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

N/A

Employees

N/A

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
ALEX BROWN	PRESIDENT	10.00	Officer Director	$0	$0	$0
YOSEF BORENSTEIN	VICE PRESIENT	10.00	Officer Director	$0	$0	$0
AVI SACKTON	SECRETARY	10.00	Officer Director	$0	$0	$0
NATHAN MAGID	TREASURER	10.00	Officer Director	$0	$0	$0
YACOV BRISMAN	GENERAL BOARD	10.00	Director	$0	$0	$0
GLEN GEJERMAN	GENERAL BOARD	10.00	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	$53,661	$94,759	$184,578	$-41,098
2022	$285,228	$88,051	$225,676	$197,177