Teamwork Unlimited Foundation A NJ Nonprofit Corporation
Nonprofit profile at a glance
- EIN
- 454962495
- IRS 990-EZ coverage
- 2017–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Edison, NJ, USA
- Phone
- 7325727243
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $71,656
- Expenses
- $54,655
- Assets
- $133,220
- Liabilities
- $441
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- Michael Garlatti (Trustee)
- Trisha Garlatti (Trustee)
- Michael A Hronich (Trustee)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide relief to the person(s) or organizations in need due to financial distress on account of unforeseen or overwhelming issues.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 62% for direct work, and 38% for grants.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 61
- Transparency & Controls: 82
- Sustainability: 67
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 55.3%; rating input score 55
- Program expense ratio: 72.5%; rating input score 72
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 23.7%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 2.44; rating input score 70; 70th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 32; 32nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 17.1% per year; rating input score 100; 80th percentile among comparable filings
- Revenue growth: 18.2% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 14.1% per year; rating input score 100; 80th percentile among comparable filings
Details
- Where the money goes: 55.3% of revenue deployed · 72.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $40K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 55/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 32/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.