NEW JERSEY BLACK EMPOWERMENT COALITION INC (EIN 861931489) - 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

2021

Legal Domicile

Principal Officer

JANE COLLINS-COLDING

Phone

9739919891

Tax Period

2024-01-01 to 2024-12-31

NEW JERSEY BLACK EMPOWERMENT COALITION INC, founded in 2021, is a small nonprofit in the Civil Rights & Advocacy sector that reported $207K in total revenue in fiscal year 2024. Revenue surged 701% from the prior year, signaling strong growth momentum.

Mission

THE NEW JERSEY BLACK EMPOWERMENT COALITION IS A STATEWIDE NONPROFIT ORGANIZATION AT THE INTERSECTION OF POLICY, DEMOCRACY, AND CIVIC PARTICIPATION WORKING TO BRING ABOUT EQUITY OF OPPORTUNITY FOR BLACK PEOPLE IN NEW JERSEY. THE ORGANIZATION WILL EDUCATE KEY STAKEHOLDERS AND THE BROADER PUBLIC ABOUT RELEVANT POLICY ISSUES THAT ENCOURAGE ACTIVE CITIZENSHIP AND INCLUSIVE DEMOCRACY TO ACHIEVE SUSTAINABLE CHANGE.

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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 $207,388

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $207,388

Expense Breakdown

Grants Paid $0

Salaries & Benefits $141,999

Fundraising Expenses $15,943

Program Expenses $42,318

Other Expenses $59,763

TOTAL EXPENSES $201,762

Year-over-Year Comparison

	2024	2023	Change
Revenue	$207,388	$25,889	+7.0%
Expenses	$201,762	$162,167	+0.2%
Net Income	$5,626	$-136,278	-1.0%

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

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

$130,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANE COLLINS COLDING	DIRECTOR	005.00	Director	$0	$0	$0
TOMAS VARELA	EXECUTIVE DIRECTOR	040.00	Key Emp	$130,000	$0	$130,000

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	$207,388	$201,762	$266,723	$5,626
2021	$504,350	$3,938	$500,412	$500,412

NEW JERSEY BLACK EMPOWERMENT COALITION INC