NJEA MEMBER BENEFIT FUND (EIN 134270499) - Form 990 Financial Analysis & Trantor Score

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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

2003

Legal Domicile

Principal Officer

SEAN M SPILLER

Phone

6095994561

Tax Period

2023-10-01 to 2024-09-30

NJEA MEMBER BENEFIT FUND, founded in 2003, is a small nonprofit in the Mutual Benefit sector that reported $541K in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $645K exceeded revenue, resulting in a 19% operating deficit.

Mission

THE FUND MAKES AVAILABLE GROUP INSURANCE AND OTHER WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR BENEFICIARIES THROUGH INSURANCE POLICIES AND OTHER CONTRACTS WITH BENEFIT PROVIDERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $488,926

Investment Income $51,987

Other Revenue $0

TOTAL REVENUE $540,913

Expense Breakdown

Grants Paid $16,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $42,506

TOTAL EXPENSES $644,871

Year-over-Year Comparison

	2023	2022	Change
Revenue	$540,913	$449,665	+0.2%
Expenses	$644,871	$610,248	+0.1%
Net Income	$-103,958	$-160,583	-0.4%

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

N/A

Employees

N/A

Volunteers

N/A

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

$2,244,301

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN M SPILLER	TRUSTEE	2.00	Director	$0	$195,157	$577,305
STEVE BEATTY	TRUSTEE	2.00	Director	$0	$151,655	$440,098
PETAL ROBERTSON	TRUSTEE	2.00	Director	$0	$71,736	$354,911
KEVIN KELLEHER	TRUSTEE	2.00	Director	$0	$437,789	$871,987

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
2024	$540,913	$644,871	$1,641,803	$-103,958
2023	$449,665	$610,248	$1,745,761	$-160,583
2022	$411,263	$435,019	$1,906,344	$-23,756
2021	$410,036	$645,113	$1,930,100	$-235,077
2020	$438,300	$512,951	$2,165,177	$-74,651
2019	$440,171	$408,316	$2,239,828	$31,855
2018	$413,173	$438,128	$2,207,973	$-24,955

NJEA MEMBER BENEFIT FUND