NJ GASOLINE RETAILERS ASSOCIATION AND ALLIED TRADES INC (EIN 210680635) - Form 990 Financial Analysis & Trantor Score

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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

1958

Legal Domicile

Principal Officer

ERIC BLOMGREN

Phone

7322569646

Tax Period

2023-01-01 to 2023-12-31

NJ GASOLINE RETAILERS ASSOCIATION AND ALLIED TRADES INC, founded in 1958, is a small nonprofit that reported $554K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $693K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO REPRESENT THE SMALL BUSINESS PETROLEUM RETAIL, CONVENIENCE STORE AND AUTOMOTIVE REPAIR INDUSTRIES OF NJ, BY ADVOCATING FOR EFFECTIVE PUBLIC POLICY WITH LEGISLATORS, REGULATORS, AND ALL WHO GOVERN OUR INDUSTRIES, TO INFORM & EDUCATE NJGCA MEMBERS OF INDUSTRY MATTERS & PROVIDE THE TOOLS NECESSARY TO ASSIST IN MAXIMIZING THEIR EFFECTIVENESS AND PROFITABILITY, TO ENHANCE PUBLIC AWARENESS AND PROJECT A POSITIVE IMAGE OF OUR MEMBERS TO THE GENERAL PUBLIC, MEDIA, AND LEGISLATURE, AND TO PROMOTE THE HIGHEST LEVELS OF ETHICAL STANDARDS AND PROFESSIONALISM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $256,307

Program Service Revenue $206,057

Investment Income $91,300

Other Revenue $834

TOTAL REVENUE $554,498

Expense Breakdown

Grants Paid $0

Salaries & Benefits $423,020

Fundraising Expenses $0

Program Expenses $564,767

Other Expenses $269,983

TOTAL EXPENSES $693,003

Year-over-Year Comparison

	2023	2022	Change
Revenue	$554,498	$394,194	+0.4%
Expenses	$693,003	$848,905	-0.2%
Net Income	$-138,505	$-454,711	-0.7%

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

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

$164,477

Total Directors

$73,078

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE OCELLO	BOARD PRESIDENT	40.00	Officer Director	$73,078	$0	$73,078
TIM ARATA	PRESIDENT	3.00	Officer Director	$0	$0	$0
SAL FIORE	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
JOE AMATO SR	TREASURER	3.00	Officer Director	$0	$0	$0
LOUIS PAPALE	SECRETARY	3.00	Officer Director	$0	$0	$0
SAAD ABBASI	BOARD MEMBER	1.00	Director	$0	$0	$0
EBBIE ASHABI	BOARD MEMBER	1.00	Director	$0	$0	$0
MEER FAZALDIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSE GEORGAKLIS	BOARD MEMBER	1.00	Director	$0	$0	$0
KASHMIR GILL	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN HOLSTEN	BOARD MEMBER	1.00	Director	$0	$0	$0
BARNEY LINN	BOARD MEMBER	1.00	Director	$0	$0	$0
NORMAN LIPPMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM SADOWSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
CRAIG COPELAND	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC BLOMGREN	CHIEF ADMINISTRATOR	40.00	Officer	$91,399	$0	$91,399

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	No data	No data	No data	No data
2023	$554,498	$693,003	$3,631,153	$-138,505
2022	$394,194	$848,905	$3,510,382	$-454,711
2021	$738,090	$968,086	$4,366,041	$-229,996
2020	$597,058	$831,472	$4,167,664	$-234,414
2019	$725,756	$951,901	$4,076,333	$-226,145
2018	$740,338	$907,936	$3,687,866	$-167,598

NJ GASOLINE RETAILERS ASSOCIATION AND ALLIED TRADES INC