BUS ASSOCIATION OF NEW JERSEY INC

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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

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

Program Service Accomplishments

Program 1

LOBBYING AND POLITICAL SUPPORT AND PROMOTION OF THE 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%)

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

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

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
SCOTT SPRENGEL	President	Officer	$0	$0	$0
MICHAEL HORAK	Vice President	Officer	$0	$0	$0
FRANK DIPALMA	ACT. TREASURER	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