JAMES SOLOMON CIVIC ASSOCIATION INC

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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

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.

Program Service Accomplishments

Program 1

Expenses: $43,867

COMMUNITY ADVOCACY THROUGH CIVIC EDUCATION AND GRASSROOTS ACTION.

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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 $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

Governance

Voting Members

Independent Members

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

Total Directors

$4,500

Key Employees

Highest Compensated

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