120 East State

EIN: 881410939 501(c)(3) Arts, Culture & Humanities

Trenton, NJ

Total Revenue
$571,203
Total Expenses
$441,571
Total Assets
$1,013,941
Net Assets
$1,013,941
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
NJ
Principal Officer
Marguerite Dykstra
Phone
6092406273
Tax Period
2024-07-01 to 2025-06-30

120 East State, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $571K in total revenue in fiscal year 2024. Revenue surged 120% from the prior year, signaling strong growth momentum. The organization ran a surplus of $130K, a strong 23% operating margin.

Mission

To restore, repurpose and operate properties owned by the First Presbyterian Church of Trenton in downtown Trenton, New Jersey for long-term community benefit as a center for local arts and educational organizations, as well as private and public events and meetings.

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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 (2024)

Revenue Breakdown

Contributions & Grants $549,685
Program Service Revenue $0
Investment Income $107
Other Revenue $21,411
TOTAL REVENUE $571,203

Expense Breakdown

Grants Paid $0
Salaries & Benefits $105,609
Fundraising Expenses $278,387
Program Expenses $99,395
Other Expenses $335,962
TOTAL EXPENSES $441,571

Year-over-Year Comparison

2024 2023 Change
Revenue $571,203 $259,821 +1.2%
Expenses $441,571 $269,972 +0.6%
Net Income $129,632 $-10,151 -13.8%
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
13
Independent Members
13
Employees
1
Volunteers
38

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
6
$97,240
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Marguerite Dykstra Project Leader 40.00
Officer
$88,400 $8,840 $97,240
Jean Bickal Trustee 1.00
Director
$0 $0 $0
Jane Malloy Treas. to 1/25 1.00
Officer Director
$0 $0 $0
Cherry Oakley President 1.00
Officer Director
$0 $0 $0
Jeffrey Vamos Vice President 1.00
Officer Director
$0 $0 $0
Cynthia Vandenberg Trustee 1.00
Director
$0 $0 $0
Mike Whittington Secretary 1.00
Officer Director
$0 $0 $0
Latarsha Burke Trustee 1.00
Director
$0 $0 $0
Danica Curcic Trustee 1.00
Director
$0 $0 $0
Nancy Livingston Trustee 1.00
Director
$0 $0 $0
Mark Herr Trustee 1.00
Director
$0 $0 $0
Ira Lackey Trustee 1.00
Director
$0 $0 $0
Ida B Malloy Trustee 1.00
Director
$0 $0 $0
Ronald Zilinski Treasurer 1.00
Officer Director
$0 $0 $0
Kenya Bullock Trustee 1.00
Director
$0 $0 $0
Jacqueline Fay Trustee 1.00
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 $571,203 $441,571 $1,013,941 $129,632
2024 $259,821 $269,972 $884,309 $-10,151
2023 $1,180,988 $301,528 $894,460 $879,460
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