NEW JERSEY BLACK EMPOWERMENT COALITION ACTION NETWORK (EIN 862029341) - 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

TOMAS VARELA

Phone

9176203284

Tax Period

2023-01-01 to 2023-12-31

NEW JERSEY BLACK EMPOWERMENT COALITION ACTION NETWORK, founded in 2021, is a small nonprofit in the Civil Rights & Advocacy sector that reported $200K in total revenue in fiscal year 2023. Revenue surged 47094% from the prior year, signaling strong growth momentum. The organization ran a surplus of $159K, a strong 79% operating margin.

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 (2023)

Revenue Breakdown

Contributions & Grants $200,104

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $200,104

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,501

Fundraising Expenses $0

Program Expenses $9,177

Other Expenses $20,833

TOTAL EXPENSES $41,334

Year-over-Year Comparison

	2023	2022	Change
Revenue	$200,104	$424	+470.9%
Expenses	$41,334	N/A	N/A
Net Income	$158,770	$424	+373.5%

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

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	DIRECTOR	020.00	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
2023	$200,104	$41,334	$159,194	$158,770

NEW JERSEY BLACK EMPOWERMENT COALITION ACTION NETWORK