JAMES SOLOMON CIVIC ASSOCIATION INC

EIN: 921744704 Community Improvement

JERSEY CITY, NJ

Total Revenue
$60,104
Total Expenses
$49,226
Total Assets
$10,878
Net Assets
$10,878
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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
2023
Legal Domicile
NJ
Principal Officer
JAMES SOLOMON
Phone
9736027986
Tax Period
2023-01-13 to 2023-12-31

JAMES SOLOMON CIVIC ASSOCIATION INC, founded in 2023, is a micro nonprofit in the Community Improvement sector that reported $60K in total revenue in fiscal year 2023. The organization ran a surplus of $11K, a strong 18% operating margin.

Mission

TO SUPPORT JERSEY CITY COMMUNITY GROUPS AND TO HOST EVENTS FOR THE BENEFIT OF ALL JERSEY CITY RESIDENTS.

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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 $60,100
Program Service Revenue $0
Investment Income $4
Other Revenue $0
TOTAL REVENUE $60,104

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,500
Fundraising Expenses $0
Program Expenses $43,867
Other Expenses $44,726
TOTAL EXPENSES $49,226

Year-over-Year Comparison

2023 2022 Change
Revenue $60,104 N/A N/A
Expenses $49,226 N/A N/A
Net Income $10,878 N/A N/A
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
5
Independent Members
5
Employees
N/A
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
1
$0
Total Directors
5
$4,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES SOLOMON TRUSTEE CHAIR & CHIEF EXECUTIVE OFFICER 3.00
Officer Director
$0 $0 $0
GABRIELLE RAMOS TRUSTEE 1.00
Director
$0 $0 $0
EDWARD STUART THOMAS TRUSTEE 1.00
Director
$0 $0 $0
KRISTEL MEIJA-ASQUI TRUSTEE 1.00
Director
$4,500 $0 $4,500
LEDA DUIF 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
2024 No data No data No data No data
2023 $60,104 $49,226 $10,878 $10,878
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