OUT MONTCLAIR INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

REUBENA SPENCE

Phone

2014315457

Tax Period

2023-01-01 to 2023-12-31

OUT MONTCLAIR INC, founded in 2021, is a small nonprofit in the Civil Rights & Advocacy sector that reported $603K in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. Expenses of $677K exceeded revenue, resulting in a 12% operating deficit.

Mission

The Mission of Out Montclair Inc. is to educate people in the region on the issues the LGBTQIA+ community faces through awareness-raising events as well as providing ample opportunities for connection, resources, and support for LGBTQIA+ people.

Program Service Accomplishments

Program 1

Expenses: $510,651

Out Montclair is a nonprofit organization created to raise awareness and provide support and solidarity for the LGBTQIA+ community of Montclair and neighboring towns. Out Montclair offers educational and charitable activities and events to promote inclusivity and equality for lesbian, gay, bisexual, transgender, queer, non-binary and gender-fluid youth and adults. Out Montclair offers a safe space where the LGBTQIA+ community and allies can come together, improve quality of life and celebrate the community.In June 2023, Out Montclair held its second Montclair Pride with more than 25,000 attendees.

Program 2

Expenses: $23,473

Out Montclair programming includes Out Montclair Teens, Out Montclair 50+, Out Montclair Families, and Out Montclair Trans Programming, joining Public Education and Awareness-Building as core...

Out Montclair programming includes Out Montclair Teens, Out Montclair 50+, Out Montclair Families, and Out Montclair Trans Programming, joining Public Education and Awareness-Building as core programs. These programs attracted thousands of people from the community and beyond.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $124,509

Program Service Revenue $442,483

Investment Income $0

Other Revenue $35,515

TOTAL REVENUE $602,507

Expense Breakdown

Grants Paid $0

Salaries & Benefits $228,408

Fundraising Expenses $64,498

Program Expenses $534,124

Other Expenses $448,442

TOTAL EXPENSES $676,850

Year-over-Year Comparison

	2023	2022	Change
Revenue	$602,507	$357,982	+0.7%
Expenses	$676,850	$340,349	+1.0%
Net Income	$-74,343	$17,633	-5.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

Volunteers

150

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

$88,594

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER YACOBELLIS	Executive Dir.	40.00	Officer	$88,594	$0	$88,594
PETER HOLM	Trustee	10.00	Director	$0	$0	$0
EILEEN BIRMINGHAM	Trustee	0.00	Director	$0	$0	$0
MADELINE GALE	Trustee	4.00	Director	$0	$0	$0
WILLIAM COURSON	Trustee	2.00	Director	$0	$0	$0
DANIELLE EARLE	Trustee	0.00	Director	$0	$0	$0
PAMELA KOEP	Trustee	2.00	Director	$0	$0	$0
MIGUEL OCEGUEDA	Trustee	0.00	Director	$0	$0	$0
JODIE DAWSON	Trustee	0.00	Director	$0	$0	$0
MOSES OLIVA	Trustee	0.00	Director	$0	$0	$0
ADEE SHEPEN	Trustee	0.00	Director	$0	$0	$0
JILL HIRSH	Trustee	0.00	Director	$0	$0	$0
CELESTE ARGENTINO FIORE	Trustee	0.00	Director	$0	$0	$0
DOUGLAS KREHBIEL	Treasurer	2.00	Officer Director	$0	$0	$0
IRINA GROBMAN	Secretary	2.00	Officer Director	$0	$0	$0
LOIS THOMPSON	Trustee	0.00	Director	$0	$0	$0
JOANNE LOPEZ	Trustee	0.00	Director	$0	$0	$0
KEVIN AGUILAR	Trustee	0.00	Director	$0	$0	$0
REUBENA SPENCE	President	4.00	Officer	$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	$602,507	$676,850	$48,997	$-74,343
2022	$357,982	$340,349	$88,063	$17,633