South Jersey Tourism 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

2003

Legal Domicile

Phone

8567579400

Tax Period

2024-01-01 to 2024-12-31

South Jersey Tourism Corporation, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $474K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $412K left a modest 13% surplus.

Mission

Promote Tourism in South Jersey

Program Service Accomplishments

Program 1

Expenses: $397,513

The South Jersey Tourism Corporation is a non profit 501 (c)(3) corporation whose mission is to promote economic development throughout the five county region of Southern NJ (Mercer, Burlington...

The South Jersey Tourism Corporation is a non profit 501 (c)(3) corporation whose mission is to promote economic development throughout the five county region of Southern NJ (Mercer, Burlington, Camden, Gloucester and Salem) by promoting visitation to the region and the growth of tourism related industries. During the year the Organization conducted a number of programs in support of their mission including:1. Developing and maintaining a website promoting tourism in South Jersey 2. Developing and supporting marketing and advertising programs

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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 $426,413

Program Service Revenue $47,687

Investment Income $0

Other Revenue $0

TOTAL REVENUE $474,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $397,513

Other Expenses $412,366

TOTAL EXPENSES $412,366

Year-over-Year Comparison

	2024	2023	Change
Revenue	$474,100	$565,018	-0.2%
Expenses	$412,366	$472,697	-0.1%
Net Income	$61,734	$92,321	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jack Tardi	Chairman Emeri	0.00	Director	$0	$0	$0
Marlene Asselta	Treasurer	2.00	Officer Director	$0	$0	$0
Scott Donnini	Chairperson	2.00	Officer Director	$0	$0	$0
Larry Sharott	Past Chair	2.00	Officer Director	$0	$0	$0
Pam Brant	Co Chairperson	2.00	Officer Director	$0	$0	$0
Gene Muller	Secretary	2.00	Officer Director	$0	$0	$0

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	$474,100	$412,366	$628,187	$61,734
2023	$565,018	$472,697	$527,972	$92,321
2022	$409,123	$337,137	$497,791	$71,986
2019	$215,871	$154,066	$214,111	$61,805