BUS ASSOCIATION OF NEW JERSEY INC

EIN: 200996921 Community Improvement

HOBOKEN, NJ

Total Revenue
$76,961
Total Expenses
$75,640
Total Assets
$2,194
Net Assets
$2,194
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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
2004
Legal Domicile
NJ
Phone
2014207000
Tax Period
2025-01-01 to 2025-12-31

BUS ASSOCIATION OF NEW JERSEY INC, founded in 2004, is a micro nonprofit in the Community Improvement sector that reported $77K in total revenue in fiscal year 2025. Revenue surged 188% from the prior year, signaling strong growth momentum.

Mission

FORMED TO SUPPORT AND PROMOTE THE PRIVATE BUS INDUSTRY

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $13,500
Program Service Revenue $63,438
Investment Income $23
Other Revenue $0
TOTAL REVENUE $76,961

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $75,640
TOTAL EXPENSES $75,640

Year-over-Year Comparison

2025 2024 Change
Revenue $76,961 $26,710 +1.9%
Expenses $75,640 $48,626 +0.6%
Net Income $1,321 $-21,916 -1.1%
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

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Governance

Voting Members
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT SPRENGEL President 0.00
Officer
$0 $0 $0
MICHAEL HORAK Vice President 0.00
Officer
$0 $0 $0
FRANK DIPALMA ACT. TREASURER 0.00
Officer
$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
2025 $76,961 $75,640 $2,194 $1,321
2024 No data No data No data No data
2023 $72,750 $68,625 $22,789 $4,125
2022 $44,250 $44,775 $18,664 $-525
2021 $77,300 $52,970 $19,189 $24,330
2020 $82,700 $91,315 $-4,641 $-8,615
2019 $98,000 $102,298 $3,974 $-4,298
2018 $99,000 $83,245 $8,272 $15,755
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