SOUTH JERSEY TECHNOLOGY PARK AT RO… - Form 990 Financial Data

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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

2002

Legal Domicile

Principal Officer

GREGORY MONTANARO

Phone

8562564099

Tax Period

2024-07-01 to 2025-06-30

SOUTH JERSEY TECHNOLOGY PARK AT ROWAN UNIVERSITY INC, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 7% surplus.

Mission

TO EXPAND AND STRENGTHEN THE UNIQUE RESEARCH AND LEARNING ENVIRONMENT OF ROWAN UNIVERSITY; ESTABLISH A TECHNOLOGY-BASED ENTREPRENEURIAL ECONOMY; AND CREATE VALUE FOR ITS SURROUNDING COMMUNITIES IN THEIR ECONOMIC, PHYSICAL AND SOCIAL DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $1,310,462 Revenue: $1,152,516

SOUTH JERSEY TECHNOLOGY PARK AT ROWAN UNIVERSITY, INC. PROVIDES COMPETITIVELY PRICED, CLASS "A" FACILITIES FOR START-UP AND ESTABLISHED COMPANIES THAT BRING INNOVATIVE TECHNOLOGIES TO THE MARKETPLACE AND SERVES AS A HOME FOR TECHNOLOGY-FOCUSED RESEARCHERS, INVENTORS, ENTREPRENEURS, PROFESSORS, AND STUDENTS. THE ORGANIZATION EXCLUSIVELY SUPPORTS THE CHARITABLE AND EDUCATIONAL MISSION OF ROWAN UNIVERSITY, A PUBLIC RESEARCH INSTITUTION WITHIN THE SYSTEM OF HIGHER EDUCATION OF NEW JERSEY. IT SERVES AS A HUB AND CATALYST FOR INNOVATION AND COLLABORATION AMONG ROWAN UNIVERSITY AND ITS CURRENT AND FUTURE PARTNERS.

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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 $1,152,516

Investment Income $395,059

Other Revenue $235,500

TOTAL REVENUE $1,783,075

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,565

Fundraising Expenses $0

Program Expenses $1,310,462

Other Expenses $1,535,399

TOTAL EXPENSES $1,659,964

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,783,075	$1,592,750	+0.1%
Expenses	$1,659,964	$1,476,075	+0.1%
Net Income	$123,111	$116,675	+0.1%

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

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

$255,064

Total Directors

$1,163,469

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR ALI A HOUSHMAND	DIRECTOR (PRES. OF ROWAN UNIVERSITY)	1.00	Director	$0	$232,261	$1,163,469
MICHAEL MUHLBAIER CHAIR AS	OF JAN 2025 (FAC., ROWAN UNIVERSITY)	2.00	Officer Director	$0	$0	$0
LAWRENCE DIVIETRO JR	VICE CHAIR AS OF JAN 2025	2.00	Officer Director	$0	$0	$0
CHRISTINE BUTEAS	TREASURER AS OF JAN 2025	2.00	Officer Director	$0	$0	$0
JAMES TARANGELO	TREASURER THRU JAN 2025	2.00	Officer Director	$0	$0	$0
MARLENE ASSELTA	SECRETARY	2.00	Officer Director	$0	$0	$0
ISABELITA ABELE	DIRECTOR	1.00	Director	$0	$0	$0
AAYAZ FAREED	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK JEFFREY	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER LAFRANCE	DIRECTOR	1.00	Director	$0	$0	$0
LINDA M ROHRER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL REAGAN	DIRECTOR	1.00	Director	$0	$0	$0
ED REMSTER	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE SHIREY	DIRECTOR	1.00	Director	$0	$0	$0
MANNING SMITH III	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP J VAVALA	DIRECTOR	1.00	Director	$0	$0	$0
GENEVIEVE E WITT	DIRECTOR THRU APR 2025	1.00	Director	$0	$0	$0
ANTHONY J PERNO	EXECUTIVE DIRECTOR	5.00	Officer	$0	$50,449	$255,064
JOSEPH A CAMPBELL	FORMER EXECUTIVE DIRECTOR	0.00		$0	$54,254	$334,731
JOSEPH F SCULLY JR	FORMER EXECUTIVE DIRECTOR	0.00		$0	$39,819	$434,611

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	$1,783,075	$1,659,964	$26,720,816	$123,111
2024	No data	No data	No data	No data
2023	$1,547,350	$1,350,816	$29,485,852	$196,534
2022	$1,516,682	$1,296,654	$30,706,458	$220,028
2021	$1,212,069	$1,272,804	$11,285,405	$-60,735
2020	$1,228,775	$1,196,268	$11,855,193	$32,507
2019	$1,176,844	$1,221,867	$10,994,179	$-45,023
2018	$1,143,462	$1,183,175	$11,373,947	$-39,713

SOUTH JERSEY TECHNOLOGY PARK AT ROWAN UNIVERSITY INC