NEWARK BETTERMENT CORPORATION

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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

1994

Legal Domicile

Principal Officer

DAVID BENOUN

Phone

5105784279

Tax Period

2022-07-01 to 2023-06-30

NEWARK BETTERMENT CORPORATION, founded in 1994, is a small nonprofit in the Community Improvement sector that reported $190K in total revenue in fiscal year 2022. Revenue surged 134% from the prior year, signaling strong growth momentum. The organization ran a surplus of $108K, a strong 57% operating margin.

Mission

NEWARK BETTERMENT CORPORATION IS A PUBLICLY-SUPPORTED ORGANIZATION WHOSE SOLE PURPOSE IS TO HELP FUND IMPORTANT COMMUNITY PROGRAMS. SINCE ITS INCEPTION IN 1993, THE NEWARK BETTERMENT CORPORATION HAS PROVIDED FINANCIAL ASSISTANCE TO LOCAL CULTURAL, ART, MUSIC, EDUCATIONAL, AND SOCIAL PROGRAMS THAT ENRICH THE LIVES OF NEWARK RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $81,758 Revenue: $189,956

NBC FINANCIALLY SUPPORTS VARIOUS CULTURAL, ART AND MUSIC PROGRAMS FOR THE BENEFIT OF THE RESIDENTS OF THE CITY OF NEWARK.

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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 (2022)

Revenue Breakdown

Contributions & Grants $184,060

Program Service Revenue $0

Investment Income $175

Other Revenue $5,721

TOTAL REVENUE $189,956

Expense Breakdown

Grants Paid $75,317

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $81,758

Other Expenses $6,441

TOTAL EXPENSES $81,758

Year-over-Year Comparison

	2022	2021	Change
Revenue	$189,956	$81,137	+1.3%
Expenses	$81,758	$73,405	+0.1%
Net Income	$108,198	$7,732	+13.0%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BENOUN	PRESIDENT	1	Director	$0	$0	$0
NICHOLAS CUEVAS	1ST VICE PRESIDENT	1	Director	$0	$0	$0
LAURIE GEBHARD	2ND VICE PRESIDENT	1	Director	$0	$0	$0
MICHELLE VILLANUEVA	TREASURER	1	Director	$0	$0	$0
SHEILA HARRINGTON	SECRETARY	1	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$189,956	$81,758	$382,801	$108,198
2022	$81,137	$73,405	$274,603	$7,732
2021	$175,333	$86,051	$312,871	$89,282