NEW JERSEY ASPHALT PAVEMENT ASSOC

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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

1933

Legal Domicile

Principal Officer

KEVIN MONACO

Phone

6098381867

Tax Period

2024-01-01 to 2024-12-31

NEW JERSEY ASPHALT PAVEMENT ASSOC, founded in 1933, is a small nonprofit that reported $852K in total revenue in fiscal year 2024. Expenses of $1.0M exceeded revenue, resulting in a 21% operating deficit.

Mission

TRADE ORGANIZATION FORMED TO PROMOTE THE HOT MIX ASPHALT INDUSTRY.

Program Service Accomplishments

Program 1

THE PROMOTION OF THE BROADEST APPLICATIONS OF HOT MIX ASPHALT THROUGH THE SUPPORT OF PUBLIC POLICIES THAT ENHANCE THE GENERAL BUSINESS ENVIRONMENT & THAT VALUE THE DEVELOPMENT & MAINTENANCE OF THE...

THE PROMOTION OF THE BROADEST APPLICATIONS OF HOT MIX ASPHALT THROUGH THE SUPPORT OF PUBLIC POLICIES THAT ENHANCE THE GENERAL BUSINESS ENVIRONMENT & THAT VALUE THE DEVELOPMENT & MAINTENANCE OF THE TRANSPORTATION INFRASTRUCTURE

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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 $322,253

Program Service Revenue $497,748

Investment Income $9,832

Other Revenue $22,050

TOTAL REVENUE $851,883

Expense Breakdown

Grants Paid $79,618

Salaries & Benefits $333,588

Fundraising Expenses $0

Other Expenses $621,400

TOTAL EXPENSES $1,034,606

Year-over-Year Comparison

	2024	2023	Change
Revenue	$851,883	$832,869	+0.0%
Expenses	$1,034,606	$913,441	+0.1%
Net Income	$-182,723	$-80,572	+1.3%

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

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

$293,758

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER KOCHEK	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVEN KURTZ	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS TJ EARLE	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL CONTI	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL CRISCOLA	MEMBER	0.50	Director	$0	$0	$0
SCOTT BRAEN	MEMBER	0.50	Director	$0	$0	$0
JIM CODDINGTON	MEMBER	0.50	Director	$0	$0	$0
JOSEPH BIGGICA	MEMBER	0.50	Director	$0	$0	$0
DOMENIC MILETO	MEMBER	0.50	Director	$0	$0	$0
VAL DELLA PELLO JR	MEMBER	0.50	Director	$0	$0	$0
JOSEPH DIFIORE	MEMBER	0.50	Director	$0	$0	$0
MIKE GENTOSO	MEMBER	0.50	Director	$0	$0	$0
MICHAEL GOOCH	MEMBER	0.50	Director	$0	$0	$0
GREG WAGNER	MEMBER	0.50	Director	$0	$0	$0
DAVID L JOHNSON	MEMBER	0.50	Director	$0	$0	$0
TIMOTHY LARSON	MEMBER	0.50	Director	$0	$0	$0
SLAVIC MOKIENKO	MEMBER	0.50	Director	$0	$0	$0
JOSEPH PANDOZZI	MEMBER	0.50	Director	$0	$0	$0
JIM PONTARI	MEMBER	0.50	Director	$0	$0	$0
KEVIN PROPSNER	MEMBER	0.50	Director	$0	$0	$0
STEVE HAUGHTON	MEMBER	0.50	Director	$0	$0	$0
CLIF MORRIS	MEMBER	0.50	Director	$0	$0	$0
EDWARD CARRANO	MEMBER	0.50	Director	$0	$0	$0
MATTHEW CRUZ	MEMBER	0.50	Director	$0	$0	$0
FRANK MAGDZINSKI	MEMBER	0.50	Director	$0	$0	$0
CHRIS SCHWEITZER	MEMBER	0.50	Director	$0	$0	$0
TYLER YOUVAN	MEMBER	0.50	Director	$0	$0	$0
KEVIN MONACO	EXECUTIVE DIRECTOR	20.00	Officer	$248,758	$0	$293,758

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	$851,883	$1,034,606	$892,454	$-182,723
2023	$832,869	$913,441	$1,103,440	$-80,572
2022	$958,129	$895,581	$1,159,319	$62,548
2021	$705,406	$594,026	$1,059,798	$111,380
2020	$667,577	$602,303	$964,586	$65,274
2019	$730,852	$652,350	$866,858	$78,502
2018	$755,551	$674,955	$785,348	$80,596