HOBOKEN BUSINESS ALLIANCE

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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

2020

Legal Domicile

Principal Officer

CHRIS BERNARDO

Tax Period

2024-07-01 to 2025-06-30

HOBOKEN BUSINESS ALLIANCE, founded in 2020, is a community nonprofit in the Community Improvement sector that reported $2.8M in total revenue in fiscal year 2024.

Mission

TO ENERGIZE AND ENHANCE HOBOKEN'S BUSINESS ENVIRONMENT, TO MAXIMIZE CONSUMER ENGAGEMENT THROUGH COLLABORATIVE ALLIANCES WITH THE BUSINESSES, GOVERNMENT, AND COMMUNITY TO CREATE A PLACE WHERE SMALL BUSINESSES DESIRE TO BE AND THRIVE.

Program Service Accomplishments

Program 1

Expenses: $2,506,031

TO ENERGIZE AND ENHANCE HOBOKEN'S BUSINESS ENVIRONMENT, TO MAXIMIZE CONSUMER ENGAGEMENT THROUGH COLLABORATIVE ALLIANCES WITH THE BUSINESSES, GOVERNMENT, AND COMMUNITY TO CREATE A PLACE WHERE SMALL...

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,753,014

Investment Income $1,443

Other Revenue $0

TOTAL REVENUE $2,754,457

Expense Breakdown

Grants Paid $0

Salaries & Benefits $696,085

Fundraising Expenses $0

Program Expenses $2,506,031

Other Expenses $2,021,671

TOTAL EXPENSES $2,717,756

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,754,457	$2,711,947	+0.0%
Expenses	$2,717,756	$2,834,333	0.0%
Net Income	$36,701	$-122,386	-1.3%

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

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

$234,665

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS BERNARDO	INTERIM ED	40.00	Officer	$0	$0	$0
ROXANNE EARLEY	EXECUTIVE DI	40.00	Officer	$234,665	$0	$234,665
JAMES RUNKLE	PRESIDENT	1.00	Officer Director	$0	$0	$0
EDYTA ESPASA	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MICHAEL GUGLIELMO	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK STEHLI	TREASURER	1.00	Officer Director	$0	$0	$0
HANY AHMED	TRUSTEE	1.00	Director	$0	$0	$0
KENNYTH MONTES DE OCA	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS ENDER	TRUSTEE	1.00	Director	$0	$0	$0
MARIO FINI	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL OZOLNIEKS	TRUSTEE	1.00	Director	$0	$0	$0
MIGUEL GONCALVES	TRUSTEE	1.00	Director	$0	$0	$0
LUCA INFANTINO	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY PINO	TRUSTEE	1.00	Director	$0	$0	$0
TARA MULLINS	TRUSTEE	1.00	Director	$0	$0	$0
COUNCILMAN RUBEN RAMON	LIASON	1.00	Director	$0	$0	$0
DIRECTOR JENNIFER GONZALEZ	LIASON	1.00	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
2025	$2,754,457	$2,717,756	$1,674,998	$36,701
2024	$2,711,947	$2,834,333	$1,685,135	$-122,386
2023	$2,677,522	$1,793,337	$1,743,991	$884,185
2022	$1,269,419	$805,799	$915,596	$463,620
2021	$1,361,380	$1,413,928	$447,747	$-52,548
2020	$1,327,342	$873,060	$468,177	$454,282