Southern NJ Development Council

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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

1960

Legal Domicile

Principal Officer

Marlene Asselta

Phone

8562252205

Tax Period

2024-01-01 to 2024-12-31

Southern NJ Development Council, founded in 1960, is a small nonprofit in the Community Improvement sector that reported $601K in total revenue in fiscal year 2024.

Mission

Secure business interest in the state of New Jersey

Program Service Accomplishments

Program 1

Secure business interest in in the state of New Jersey

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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 $199,823

Program Service Revenue $383,186

Investment Income $18,202

Other Revenue $0

TOTAL REVENUE $601,211

Expense Breakdown

Grants Paid $0

Salaries & Benefits $437,712

Fundraising Expenses $0

Other Expenses $179,239

TOTAL EXPENSES $616,951

Year-over-Year Comparison

	2024	2023	Change
Revenue	$601,211	$570,577	+0.1%
Expenses	$616,951	$558,375	+0.1%
Net Income	$-15,740	$12,202	-2.3%

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

285

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

Total Directors

$134,984

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	President	40.00	Director	$134,984	$0	$134,984

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	No data	No data	No data	No data
2024	$601,211	$616,951	$462,806	$-15,740
2023	$570,577	$558,375	$478,546	$12,202
2022	$576,414	$485,910	$516,345	$90,504
2021	$665,258	$514,887	$378,869	$150,371
2020	$353,866	$314,125	No data	$39,741