MILLBURN SHORT HILLS BUSINESS ORGANIZATION INC

EIN: 853477595 501(c)(3) Community Improvement

MILLBURN, NJ

Total Revenue
$437,754
Total Expenses
$361,930
Total Assets
$104,865
Net Assets
$104,865
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
NJ
Principal Officer
STEVE GRILLO
Phone
9739212829
Tax Period
2025-01-01 to 2025-12-31

MILLBURN SHORT HILLS BUSINESS ORGANIZATION INC, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $438K in total revenue in fiscal year 2025. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $76K, a strong 17% operating margin.

Mission

TO PROMOTE THE ECONOMIC GROWTH AND REVITALIZATION, ENHANCE COMMERCIAL VISIBILITY, ATTRACTIVENESS, FOSTER AND ENCOURAGE SELF-HELP PROGRAMS TO ENHANCE THE LOCAL BUSINESS CLIMATE, PROVIDE ADMINISTRATIVE AND OTEHR SERVICES TO BENEFIT BUSINESS, EMPLOYEES, RESIDENTS AND CONSUMERS AND PROMOTE AND PRESERVE THE CULTRUAL, HISTORIC, TOURISTIC AND CIVIC INTEREST OF THE TOWN OF MILLBURN SHORT HILLS AND ITS SPECIAL IMPROVEMENT DISTRICT

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $437,754
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $437,754

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $132,634
Other Expenses $361,930
TOTAL EXPENSES $361,930

Year-over-Year Comparison

2025 2024 Change
Revenue $437,754 $318,755 +0.4%
Expenses $361,930 $325,866 +0.1%
Net Income $75,824 $-7,111 -11.7%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
8

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
1
$112,315
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEXA CLARK TRUSTEE 2.00
Director
$0 $0 $0
TIM HOFFMAN TRUSTEE (NON-VOTING) 2.00
Director
$0 $0 $0
BEN STOLLER TRUSTEE 2.00
Director
$0 $0 $0
ALEX MCDONALD TRUSTEE 2.00
Director
$0 $0 $0
RICHARD WASSERMAN SECRETARY 2.00
Director
$0 $0 $0
STEPHEN WINER TREASURER 2.00
Director
$0 $0 $0
ALEX ZALTSMAN TRUSTEE (NON-VOTING) 2.00
Director
$0 $0 $0
ASHLEY SCHULTZ TRUSTEE 2.00
Director
$0 $0 $0
JACKIE BENJAMIN LIEBERBERG CHAIR 2.00
Director
$0 $0 $0
STEVE GRILLO EXECUTIVE DIRECTOR 40.00
Officer
$112,315 $0 $112,315
ALEX MCDONALD TRUSTEE 2.00
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 $437,754 $361,930 $104,865 $75,824
2024 $318,755 $325,866 $29,041 $-7,111
2023 $289,448 $281,783 $36,152 $7,665
2022 $280,185 $276,678 $28,487 $3,507
2021 $635,039 $621,898 $24,980 $13,141
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