CORPORATION FOR NEW JERSEY LOCAL M… - Form 990 Financial Data

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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

2021

Legal Domicile

Principal Officer

Amanda Richardson

Phone

8624526575

Tax Period

2023-01-01 to 2023-12-31

CORPORATION FOR NEW JERSEY LOCAL MEDIA, founded in 2021, is a small nonprofit in the Public & Societal Benefit sector that reported $480K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $329K, a strong 69% operating margin.

Mission

We build strong communities through journalism and civic engagement.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

We have successfully purchased the New Jersey Hills Media Group.

Program 2

Expenses: $45,424 Revenue: $0

We are in the process of strengthening the financial competencies of the New Jersey Hills Media Group through support of financial systems implementation and education.

Program 3

Expenses: $12,853 Revenue: $0

Honorariums for Stormwater Matters

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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 $480,157

Program Service Revenue $0

Investment Income $3

Other Revenue $0

TOTAL REVENUE $480,160

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,593

Fundraising Expenses $0

Program Expenses $58,277

Other Expenses $99,147

TOTAL EXPENSES $150,740

Year-over-Year Comparison

	2023	2022	Change
Revenue	$480,160	$400,556	+0.2%
Expenses	$150,740	$29,780	+4.1%
Net Income	$329,420	$370,776	-0.1%

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

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

$46,923

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amanda Richardson	Executive Director	25	Officer	$25,000	$0	$25,000
Tamara Pompey	Chief of Marketing & Philanthropy	25	Officer	$21,923	$0	$21,923
Dr Lisa Bhimani	Board Chair	5	Director	$0	$0	$0
Fruqan Mouzon	Board Secretary	5	Director	$0	$0	$0
Linda Stamato	Board Member	5	Director	$0	$0	$0
Alex Ranger	Board Vice Chair	5	Director	$0	$0	$0
Tim Simpson	Board Treasurer	5	Director	$0	$0	$0
Richard Nolan	Board Member	5	Director	$0	$0	$0
Patti Smith-Barrett	Board Member	5	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	$480,160	$150,740	$1,200,964	$329,420
2022	$400,556	$29,780	$621,544	$370,776
2021	$254,932	$36,164	$218,768	$218,768

CORPORATION FOR NEW JERSEY LOCAL MEDIA