OUT MONTCLAIR INC

EIN: 863466419 501(c)(3) Civil Rights & Advocacy

MONTCLAIR, NJ

Total Revenue
$602,507
Total Expenses
$676,850
Total Assets
$48,997
Net Assets
$-46,346
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NJ
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.

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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 (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
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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

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Governance

Voting Members
19
Independent Members
15
Employees
3
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
4
$88,594
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
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
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