New Jersey State Bar Association

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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

1899

Legal Domicile

Principal Officer

ANGELA C SCHECK

Phone

7322495000

Tax Period

2024-07-01 to 2025-06-30

New Jersey State Bar Association, founded in 1899, is a mid-sized nonprofit that reported $10.6M in total revenue in fiscal year 2024.

Mission

TO SERVE, PROTECT, FOSTER AND PROMOTE THE PERSONAL AND PROFESSIONAL INTERESTS OF ITS MEMBERS. TO SERVE AS THE VOICE OF NEW JERSEY ATTORNEYS TO OTHER ORGANIZATIONS, GOVERNMENTAL ENTITIES AND THE PUBLIC WITH REGARD TO THE LAW, LEGAL PROFESSION AND LEGAL SYSTEM. TO PROMOTE ACCESS TO THE JUSTICE SYSTEM, FAIRNESS IN ITS ADMINISTRATION, AND THE INDEPENDENCE AND INTEGRITY OF THE JUDICIAL BRANCH.TO ENCOURAGE PARTICIPATION IN VOLUNTARY PRO BONO ACTIVITIES. TO FOSTER PROFESSIONALISM AND PRIDE IN THE PROFESSION AND THE NJSBA. TO PROVIDE EDUCATIONAL OPPORTUNITIES TO NEW JERSEY ATTORNEYS TO ENHANCE THE QUALITY OF LEGAL SERVICES AND THE PRACTICE OF LAW. TO PROVIDE EDUCATION TO THE NEW JERSEY PUBLIC TO ENHANCE AWARENESS OF THE LEGAL PROFESSION AND LEGAL SYSTEM.

Program Service Accomplishments

Program 1

CONTINUING LEGAL EDUCATION IN ALL AREAS OF LAW FOR NEW JERSEY LICENSED ATTORNEYS, WHO ARE REQUIRED TO SATISFY AN ANNUAL MANDATORY NUMBER OF EDUCATION CREDITS ON A BIANNUAL BASIS. PROGRAMS ARE HELD...

CONTINUING LEGAL EDUCATION IN ALL AREAS OF LAW FOR NEW JERSEY LICENSED ATTORNEYS, WHO ARE REQUIRED TO SATISFY AN ANNUAL MANDATORY NUMBER OF EDUCATION CREDITS ON A BIANNUAL BASIS. PROGRAMS ARE HELD LIVE, IN-PERSON, AS ON-DEMAND DOWNLOADABLE VIDEOS, AND AS WEBINARS.

Program 2

CONFERENCES, CONVENTIONS, MEETINGS AND SEMINARS, MID-YEAR MEETING, GENERAL COUNCIL MEETING, VARIOUS SEMINARS, DINNER AND LUNCHEONS TO DISCUSS VARIOUS TOPICS OF LAW.

Program 3

PRINTING AND MAILING OF NEW JERSEY LAWYER MAGAZINE AND OTHER PUBLICATIONS OF THE ASSOCIATION COVERING VARIOUS AREAS OF THE LAW AND THE OPERATIONS OF THE LEGAL PROFESSION.

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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 $251,100

Program Service Revenue $9,680,832

Investment Income $340,637

Other Revenue $307,923

TOTAL REVENUE $10,580,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,174,181

Fundraising Expenses $0

Other Expenses $5,479,790

TOTAL EXPENSES $10,653,971

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,580,492	$9,938,309	+0.1%
Expenses	$10,653,971	$11,047,008	0.0%
Net Income	$-73,479	$-1,108,699	-0.9%

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

$311,553

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA C SCHECK	EXECUTIVE DIRECTOR	40.0	Officer	$265,680	$45,873	$311,553
SHARON BALSAMO	ASST EXEC DIR/GENERAL COUNSEL	40.0	Highest	$185,471	$37,571	$223,042
Robert Spangler	ASST EXEC DIR/IT & OPERATION	40.0	Highest	$192,098	$23,090	$215,188
LISA SPIEGEL	ASSOC EXEC DIR/CLE PROGRAMS	40.0	Highest	$175,269	$31,139	$206,408
CATHERINE COSCARELLI	ASSOC EXEC DIR/COMMUNICATIONS	40.0	Highest	$191,883	$13,471	$205,354
Jesmary Ruiz	SR. MGMT DIRECTOR OF FIN. & HR	40.0	Highest	$143,746	$19,824	$163,570
CHRISTINE A AMALFE	president	0.5	Officer Director	$0	$0	$0
G Glennon Troublefield	first vice president	0.5	Officer Director	$0	$0	$0
Norberto A Garcia President-Elect	PRESIDENT - ELECT	0.5	Officer Director	$0	$0	$0
craig j hubert	treasurer	0.5	Officer Director	$0	$0	$0
William H Mergner Jr	immediate past PRESIDENT	0.5	Officer Director	$0	$0	$0
Saad Admani	TRUSTEE	0.5	Director	$0	$0	$0
Alexandra V Gallo	TRUSTEE	0.5	Director	$0	$0	$0
Asaad Siddiqi	TRUSTEE	0.5	Director	$0	$0	$0
Brandon DeJesus	TRUSTEE	0.5	Director	$0	$0	$0
Brian J Neary	TRUSTEE	0.5	Director	$0	$0	$0
Christopher L Jackson	TRUSTEE	0.5	Director	$0	$0	$0
Dara A Quattrone	TRUSTEE	0.5	Director	$0	$0	$0
Diana C Manning	second vice president	0.5	Officer Director	$0	$0	$0
Joseph A Maurice	TRUSTEE	0.5	Director	$0	$0	$0
John A Ferzetti	TRUSTEE	0.5	Director	$0	$0	$0
Jessica Ragno Sprague	TRUSTEE	0.5	Director	$0	$0	$0
John Macce	TRUSTEE	0.5	Director	$0	$0	$0
Jose A Calves	TRUSTEE	0.5	Director	$0	$0	$0
Joseph L Linares	TRUSTEE	0.5	Director	$0	$0	$0
Joshua H Reinitz	TRUSTEE	0.5	Director	$0	$0	$0
Michael R Paglione	TRUSTEE	0.5	Director	$0	$0	$0
Ravi Sattiraju	TRUSTEE	0.5	Director	$0	$0	$0
Richard F Klineburger III	secretary	0.5	Officer Director	$0	$0	$0
Robert C Scrivo	TRUSTEE	0.5	Director	$0	$0	$0
Scott R Malyk	TRUSTEE	0.5	Director	$0	$0	$0
Sheryl Seiden	TRUSTEE	0.5	Director	$0	$0	$0
Steven J Eisenstein	TRUSTEE	0.5	Director	$0	$0	$0
Thomas J Manzo	TRUSTEE	0.5	Director	$0	$0	$0
Thomas P Fischer	TRUSTEE	0.0	Director	$0	$0	$0
Valerie A Jackson	TRUSTEE	0.5	Director	$0	$0	$0
Daryl Williams	TRUSTEE	0.5	Director	$0	$0	$0
Brett E Yore	Trustee	0.5	Director	$0	$0	$0
F Bradford Batcha	trustee	0.5	Director	$0	$0	$0
kristyl berckes	trustee	0.5	Director	$0	$0	$0
Robin C Bogan	trustee	0.5	Director	$0	$0	$0
Catherine Finnerty	trustee	0.5	Director	$0	$0	$0
Vanessa Henderson	trustee	0.5	Director	$0	$0	$0
Philip W Lamparello	trustee	0.5	Director	$0	$0	$0
Stephanie Lomurro	trustee	0.5	Director	$0	$0	$0
Brenda Maneri	trustee	0.5	Director	$0	$0	$0
Corinne McCann Trainor	trustee	0.5	Director	$0	$0	$0
Ron McCormick	trustee	0.5	Director	$0	$0	$0
Stephen E Parrey	trustee	0.5	Director	$0	$0	$0
Maritza Rodriguez	trustee	0.5	Director	$0	$0	$0
Cheyne R Scott	trustee	0.5	Director	$0	$0	$0
Charles J Stoia	trustee	0.5	Director	$0	$0	$0
Ronald J Uzdavinis	trustee	0.5	Director	$0	$0	$0
Maria P Vallejo	trustee	0.5	Director	$0	$0	$0
Brandon Lee Wolff	trustee	0.5	Director	$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	$10,580,492	$10,653,971	$10,747,282	$-73,479
2024	$9,938,309	$11,047,008	$10,652,433	$-1,108,699
2023	$9,758,461	$10,817,554	$11,529,178	$-1,059,093
2022	$10,599,086	$9,999,959	$10,945,889	$599,127
2021	$9,258,794	$7,648,709	$11,341,660	$1,610,085
2020	$9,768,693	$9,530,431	$7,706,139	$238,262
2019	$11,766,091	$11,310,187	$8,466,173	$455,904
2018	$11,679,922	$11,284,504	$8,574,278	$395,418