THE NEWARK PARTNERSHIP INC

EIN: 833741419 501(c)(3) Public & Societal Benefit

NEWARK, DE

Total Revenue
$112,501
Total Expenses
$235,327
Total Assets
$75,164
Net Assets
$73,491
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
DE
Principal Officer
TYRONE JONES
Phone
3028318672
Tax Period
2024-07-01 to 2025-06-30

THE NEWARK PARTNERSHIP INC, founded in 2018, is a small nonprofit in the Public & Societal Benefit sector that reported $113K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $235K exceeded revenue, resulting in a 109% operating deficit.

Mission

THE MISSION OF THE NEWARK PARTNERSHIP IS TO BUILD UPON NEWARK'S DISTINCTIVE ASSETS AS AN INCLUSIVE AND INNOVATIVE UNIVERSITY COMMUNITY IN WHICH BUSINESSES, COMMUNITY INSTITUTIONS, CITY RESIDENTS, AND STUDENTS WORK TOGETHER TOWARD THE COMMON GOALS OF ENRICHING THE CITY'S PROSPERITY AND IMPROVING THE QUALITY OF LIFE.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $111,470
Program Service Revenue $0
Investment Income $1,031
Other Revenue $0
TOTAL REVENUE $112,501

Expense Breakdown

Grants Paid $0
Salaries & Benefits $139,686
Fundraising Expenses $0
Program Expenses $235,327
Other Expenses $95,641
TOTAL EXPENSES $235,327

Year-over-Year Comparison

2024 2023 Change
Revenue $112,501 $185,881 -0.4%
Expenses $235,327 $209,051 +0.1%
Net Income $-122,826 $-23,170 +4.3%
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

Sign In

Governance

Voting Members
16
Independent Members
16
Employees
1
Volunteers
16

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
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHANTEL BRATCHER-COLEMAN DIRECTOR 1.00
Director
$0 $0 $0
OLIVIA BRINTON DIRECTOR 1.00
Director
$0 $0 $0
JERRY CLIFTON DIRECTOR 1.00
Director
$0 $0 $0
TOM COLEMAN DIRECTOR 1.00
Director
$0 $0 $0
PAUL KEELY VICE CHAIR 2.00
Officer Director
$0 $0 $0
MARY LADELY DIRECTOR 1.00
Director
$0 $0 $0
ROY LAPATA DIRECTOR 1.00
Director
$0 $0 $0
KATHY MATT DIRECTOR 1.00
Director
$0 $0 $0
BOB MCBRIDE SECRETARY 2.00
Officer Director
$0 $0 $0
CAITLIN OLSEN DIRECTOR 1.00
Director
$0 $0 $0
DAN RICH DIRECTOR 1.00
Director
$0 $0 $0
MATT ROBINSON DIRECTOR 1.00
Director
$0 $0 $0
MAX WALTON DIRECTOR 1.00
Director
$0 $0 $0
FREEMAN WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
JAMIE ZINGARO TREASURER 2.00
Officer Director
$0 $0 $0
TYRONE JONES OFFICER 2.00
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
2025 $112,501 $235,327 $75,164 $-122,826
2023 $282,564 $263,724 $222,829 $18,840
Explore More Nonprofits
Top 100 Nonprofits in Delaware Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare THE NEWARK PARTNERSHIP INC with other nonprofits in Delaware and across the country.