Modern Motion A Nj Non Profit Corporation

Modern Motion A Nj Non Profit Corporation faces significant liabilities, consistently exceeding assets, despite revenue growth.

EIN: 203024596 · Somerset, NJ · NTEE: A62 · Updated: 2026-03-28

$371KRevenue

$16KAssets

55/100Mission Score (Fair)

A62

About Modern Motion A Nj Non Profit Corporation

Modern Motion A Nj Non Profit Corporation (EIN: 203024596) is a nonprofit organization based in Somerset, NJ, classified under NTEE code A62. The organization reported total revenue of $371K and total assets of $16K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Modern Motion A Nj Non Profit Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Modern Motion A Nj Non Profit Corporation demonstrates a concerning financial trend with persistent liabilities significantly outweighing its assets. For instance, in 2023, assets were $14,614 while liabilities stood at $65,374, indicating a negative net asset position. This suggests potential long-term solvency issues and reliance on debt or short-term funding. While the organization has shown growth in revenue, increasing from $72,254 in 2014 to $284,020 in 2023, its expenses have often outpaced revenue, leading to deficits in multiple years, such as 2022 where expenses ($217,540) exceeded revenue ($197,855).

The organization's transparency is commendable in one aspect: it consistently reports 0% officer compensation across all filings. This indicates that executive leadership is either volunteer-based or compensated through other means not classified as officer compensation, which can be a positive sign for donor confidence regarding administrative overhead. However, without a detailed breakdown of expenses (program, administrative, fundraising) in the provided data, a full assessment of spending efficiency is challenging. The consistent growth in revenue over the decade, despite financial challenges, suggests a degree of operational resilience and donor support.

Overall, Modern Motion faces significant financial challenges, primarily due to its high liabilities relative to assets and a history of operating deficits. While the lack of officer compensation is a positive transparency indicator, the overall financial health requires careful monitoring and strategic planning to improve its net asset position and ensure long-term sustainability. Donors should be aware of the organization's financial structure and its ability to cover its obligations.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Modern Motion A Nj Non Profit Corporation with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Modern Motion A Nj Non Profit Corporation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all filings, indicating that executive leadership is either volunteer-based or compensated through non-officer channels, which is a positive sign for minimizing administrative overhead.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Modern Motion A Nj Non Profit Corporation's IRS 990 filings:

Persistent negative net asset position (liabilities significantly exceed assets, e.g., $65,374 liabilities vs $14,614 assets in 2023).
History of operating deficits where expenses exceeded revenue in multiple years (e.g., 2022, 2021, 2020, 2017, 2014).
High liabilities relative to the organization's size and revenue, indicating potential solvency risks.

Strengths

The following positive indicators were identified for Modern Motion A Nj Non Profit Corporation:

Consistent revenue growth over the past decade, from $72,254 in 2014 to $284,020 in 2023.
Reports 0% officer compensation across all filings, indicating low executive overhead or volunteer leadership.
Demonstrates operational resilience by continuing to operate and grow revenue despite financial challenges.

Frequently Asked Questions about Modern Motion A Nj Non Profit Corporation

Is Modern Motion A Nj Non Profit Corporation financially stable?

No, the organization shows signs of financial instability due to its liabilities consistently and significantly outweighing its assets, such as $65,374 in liabilities versus $14,614 in assets in 2023, indicating a negative net asset position.

How has the organization's revenue trended over the past decade?

The organization has shown significant revenue growth, increasing from $72,254 in 2014 to $284,020 in 2023, demonstrating an upward trend in funding.

Does Modern Motion A Nj Non Profit Corporation pay its officers?

Based on the provided IRS 990 data, the organization consistently reports 0% officer compensation, suggesting officers are not compensated directly through this category.

What is the organization's net asset position?

The organization generally has a negative net asset position, as its liabilities frequently exceed its assets. For example, in 2023, assets were $14,614 and liabilities were $65,374.

Filing History

IRS 990 filing history for Modern Motion A Nj Non Profit Corporation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2014–2023), Modern Motion A Nj Non Profit Corporation's revenue has grown by 293.1%, moving from $72K to $284K. Total assets increased by 165.3% over the same period, from $6K to $15K. Total functional expenses rose by 174.1%, from $99K to $271K. In its most recent filing year (2023), Modern Motion A Nj Non Profit Corporation reported a surplus of $13K, with revenue exceeding expenses. The organization holds $65K in liabilities against $15K in assets (debt-to-asset ratio: 447.3%), resulting in net assets of $-50,760.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$284K	$271K	$15K	$65K	—	—
2022	$198K	$218K	$6K	$75K	—	View 990
2021	$137K	$210K	$31K	$80K	—	View 990
2020	$95K	$139K	$48K	$80K	—	—
2019	$148K	$144K	$14K	$3K	—	View 990
2018	$126K	$124K	$9K	$2K	—	View 990
2017	$112K	$115K	$8K	$1K	—	View 990
2016	$88K	$78K	$9K	$0	—	View 990
2015	$85K	$85K	$4K	$13K	—	View 990
2014	$72K	$99K	$6K	$15K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $284K, expenses of $271K, and assets of $15K (revenue +43.5% year-over-year).
2022: Revenue of $198K, expenses of $218K, and assets of $6K (revenue +44.8% year-over-year).
2021: Revenue of $137K, expenses of $210K, and assets of $31K (revenue +43.4% year-over-year).
2020: Revenue of $95K, expenses of $139K, and assets of $48K (revenue -35.8% year-over-year).
2019: Revenue of $148K, expenses of $144K, and assets of $14K (revenue +18.2% year-over-year).
2018: Revenue of $126K, expenses of $124K, and assets of $9K (revenue +12.2% year-over-year).
2017: Revenue of $112K, expenses of $115K, and assets of $8K (revenue +27.3% year-over-year).
2016: Revenue of $88K, expenses of $78K, and assets of $9K (revenue +2.9% year-over-year).
2015: Revenue of $85K, expenses of $85K, and assets of $4K (revenue +18.3% year-over-year).
2014: Revenue of $72K, expenses of $99K, and assets of $6K.

Data Sources and Methodology

This transparency report for Modern Motion A Nj Non Profit Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.