JERSEY CITY MAKE IT BETTER INC (EIN 834132457) - 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

2019

Legal Domicile

Principal Officer

JEREMY FARRELL

Phone

6462067909

Tax Period

2023-01-01 to 2023-12-31

JERSEY CITY MAKE IT BETTER INC, founded in 2019, is a micro nonprofit in the Public & Societal Benefit sector that reported $50K in total revenue in fiscal year 2023. The organization ran a surplus of $17K, a strong 34% operating margin.

Mission

THE CORPORATION IS ORGANIZED FOR THE PURPOSE OF PROMOTING THE SOCIAL WELFARE TO SUPPORT AND FURTHER THE COMMON GOOD AND GENERAL WELFARE OF THE RESIDENTS AND LOCAL COMMUNITIES OF THE STATE OF NEW JERSEY FOR THE BETTERMENT AND/OR IMPROVEMENT OF PUBLIC EDUCATION, HEALTH CARE, ECONOMIC GROWTH AND EQUALITY, AND OTHER PUBLIC SOCIAL WELFARE ISSUES.

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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 $50,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $50,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,676

Other Expenses $33,073

TOTAL EXPENSES $33,073

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,000	$50,000	N/A
Expenses	$33,073	$54,239	-0.4%
Net Income	$16,927	$-4,239	-5.0%

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
GEORGE FONTAS	TREASURER/TRUSTEE	2.00	Officer Director	$0	$0	$0
CHARLES BURTON	TRUSTEE	2.00	Director	$0	$0	$0
JEREMY FARRELL	PRESIDENT/EXECUTIVE DIRECT	2.00	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
2023	$50,000	$33,073	$74,781	$16,927
2022	$50,000	$54,239	$57,854	$-4,239
2021	No data	$61,282	$62,093	No data
2020	No data	$30,445	$123,375	No data
2019	$300,000	$146,180	$153,820	$153,820

JERSEY CITY MAKE IT BETTER INC