TS 2 DEVELOPMENT 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

2024

Legal Domicile

Principal Officer

JOHN SCHREIBER

Phone

9736428989

Tax Period

2024-07-01 to 2025-06-30

TS 2 DEVELOPMENT CORPORATION, founded in 2024, is a small nonprofit in the Arts, Culture & Humanities sector that reported $882K in total revenue in fiscal year 2024. Revenue surged 201% from the prior year, signaling strong growth momentum.

Mission

ACQUIRE, LEASE, RENOVATE AND IMPROVE REAL ESTATE AND TO ACQUIRE PUBLIC FINANCING AND TAX CREDIT FINANCING IN SUPPORT OF THE NEW JERSEY PERFORMING ARTS CENTER, A RELATED TAX-EXEMPT ORGANIZATION.

Program Service Accomplishments

Program 1

Expenses: $0

REAL ESTATE DEVELOPMENT: ACQUIRE, LEASE, RENOVATE AND IMPROVE REAL ESTATE AND TO ACQUIRE PUBLIC FINANCING AND TAX CREDIT FINANCING IN SUPPORT OF THE NEW JERSEY PERFORMING ARTS CENTER, A RELATED...

REAL ESTATE DEVELOPMENT: ACQUIRE, LEASE, RENOVATE AND IMPROVE REAL ESTATE AND TO ACQUIRE PUBLIC FINANCING AND TAX CREDIT FINANCING IN SUPPORT OF THE NEW JERSEY PERFORMING ARTS CENTER, A RELATED TAX-EXEMPT ORGANIZATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $882,131

Other Revenue $0

TOTAL REVENUE $882,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	$882,131	$293,307	+2.0%
Expenses	N/A	$37,672	-1.0%
Net Income	N/A	$255,635	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

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

$3,065,392

Total Directors

$1,978,864

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN SCHREIBER	PRESIDENT, CEO & CHAIR	1.00	Officer Director	$0	$655,177	$1,978,864
STEVEN M GOLDMAN ESQ	SECRETARY	1.00	Director	$0	$0	$0
LINDA CALDWELL EPPS	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNE E ESTABROOK	BOARD MEMBER	1.00	Director	$0	$0	$0
GREGG GERKEN	TREASURER	1.00	Director	$0	$0	$0
TIMOTHY LIZURA	EXECUTIVE VICE PRESIDENT	1.00	Officer	$0	$24,811	$470,453
JEFFREY JACOB	SENIOR VICE PRESIDENT (END 4/2025)	1.00	Officer	$0	$8,074	$338,721
MARY C JAFFA	VICE PRESIDENT	1.00	Officer	$0	$5,802	$277,354

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	$882,131	No data	$25,692,595	No data
2024	$293,307	$37,673	$25,257,152	$255,634