NEW JERSEY STATE LEAGUE OF MUNICIPALITIES (EIN 216000935) - 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

1915

Legal Domicile

Principal Officer

MICHAEL CERRA

Phone

6096953481

Tax Period

2023-07-01 to 2024-06-30

NEW JERSEY STATE LEAGUE OF MUNICIPALITIES, founded in 1915, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2023.

Mission

THE NEW JERSEY LEAGUE OF MUNICIPALITIES IS A VOLUNTARY ASSOCIATION CREATED TO HELP COMMUNITIES DO A BETTER JOB OF SELF-GOVERNMENT THROUGH POOLING INFORMATION, RESOURCES AND IDEAS.

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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 $718,265

Program Service Revenue $3,512,554

Investment Income $69,872

Other Revenue $468,250

TOTAL REVENUE $4,768,941

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $2,411,637

Fundraising Expenses $0

Program Expenses $1,292,263

Other Expenses $2,273,148

TOTAL EXPENSES $4,687,785

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,768,941	$4,787,776	0.0%
Expenses	$4,687,785	$4,331,983	+0.1%
Net Income	$81,156	$455,793	-0.8%

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

$189,821

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Raymond Heck	PRESIDENT	0.25	Officer Director	$0	$0	$0
William Chegwidden	1ST VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
Paul H Tomasko	2ND VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
Sean Elwell	3RD VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
MICHAEL CERRA	EXECUTIVE DIRECTOR	32.50	Officer	$189,821	$0	$189,821

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	$4,768,941	$4,687,785	$6,422,174	$81,156
2023	$4,787,776	$4,331,983	$6,343,775	$455,793
2022	$4,195,448	$3,855,212	$5,891,786	$340,236
2021	$2,040,725	$3,350,812	$5,551,116	$-1,310,087
2020	$3,814,778	$3,733,402	$6,859,764	$81,376

NEW JERSEY STATE LEAGUE OF MUNICIPALITIES