FUEL MERCHANTS ASSOCIATION OF NJ

EIN: 220928500

CRANFORD, NJ

Total Revenue
$1,674,455
Total Expenses
$1,624,225
Total Assets
$2,098,439
Net Assets
$1,415,967
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1933
Legal Domicile
NJ
Principal Officer
ERIC DEGESERO
Phone
9734671400
Tax Period
2025-01-01 to 2025-12-31

FUEL MERCHANTS ASSOCIATION OF NJ, founded in 1933, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2025. Revenue decreased 6% compared to the prior year.

Mission

TO PROMOTE THE USE OF PETROLEUM PRODUCTS AND THE WELFARE OF INDEPENDENT MOTOR FUEL AND HEATING FUEL PETROLEUM MARKETERS AND CONSUMERS. AS THE NATURE OF THE BUSINESS OF THOSE MEMBERS WHO SELL HEATING FUEL HAS EVOLVED OVER THE DECADES, INDEPENDENT PETROLEUM MARKETERS ENGAGED IN THE BUSINESS OF DELIVERY OF HEATING FUEL AND MOTOR FUEL HAVE EVOLVED/DIVERSIFIED FROM SIMPLY DELIVERING HEATING FUEL AND PROVIDING SOME HEATING OIL EQUIPMENT REPAIR FOR THE BENEFIT OF THEIR CONSUMERS TO NOW INCLUDE OFFERING A FULL SUITE OF HVAC (HEATING AND AIR CONDITIONING) INSTALLATION AND SERVICES.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,437,669
Investment Income $122,345
Other Revenue $114,441
TOTAL REVENUE $1,674,455

Expense Breakdown

Grants Paid $0
Salaries & Benefits $523,445
Fundraising Expenses $0
Program Expenses $816,981
Other Expenses $1,100,780
TOTAL EXPENSES $1,624,225

Year-over-Year Comparison

2025 2024 Change
Revenue $1,674,455 $1,773,360 -0.1%
Expenses $1,624,225 $1,617,986 +0.0%
Net Income $50,230 $155,374 -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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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
26
Independent Members
25
Employees
2
Volunteers
33

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
7
$318,149
Total Directors
30
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM BERGIN TRUSTEE 2.00
Director
$0 $0 $0
JENNIFER PIERSON TRUSTEE 2.00
Director
$0 $0 $0
STEVEN A FOULK IMMEDIATE PAST PRESIDENT 2.00
Director
$0 $0 $0
EDWARD DUFFY TRUSTEE 2.00
Director
$0 $0 $0
WILLIAM D LAWES TRUSTEE 2.00
Director
$0 $0 $0
ROBERT VAN VARICK TRUSTEE 2.00
Director
$0 $0 $0
EDWARD A MILLER TRUSTEE 2.00
Director
$0 $0 $0
TEDD TESCHNER TRUSTEE 2.00
Director
$0 $0 $0
ALEX TULLO JR TRUSTEE 2.00
Director
$0 $0 $0
SCOTT MAJKA VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
SAM ROSENBURGH TRUSTEE 2.00
Director
$0 $0 $0
CASEY BOYNTON TRUSTEE 2.00
Director
$0 $0 $0
MIKE VAN DOREN TRUSTEE 2.00
Director
$0 $0 $0
DAVID NEILL TRUSTEE 2.00
Director
$0 $0 $0
BIKRAM GILL TRUSTEE 2.00
Director
$0 $0 $0
SHELLEY FREDERICKS PRESIDENT 2.00
Officer Director
$0 $0 $0
ALEX TULLO VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
RYAN RAMSEY TRUSTEE 2.00
Director
$0 $0 $0
CHUCK SHOTMEYER TRUSTEE 2.00
Director
$0 $0 $0
WILL FREDERICKS TRUSTEE 2.00
Director
$0 $0 $0
JD STEM TRUSTEE 2.00
Director
$0 $0 $0
DON HEWITT TRUSTEE 2.00
Director
$0 $0 $0
SALLY PIERSON TRUSTEE 2.00
Director
$0 $0 $0
STEVE RIGGINS TRUSTEE 2.00
Director
$0 $0 $0
NORMAN WOOLLEY TRUSTEE 2.00
Director
$0 $0 $0
JOSEPH PRISSEL TRUSTEE 2.00
Director
$0 $0 $0
JEFFREY SPIEGEL TRUSTEE 2.00
Director
$0 $0 $0
ROBERT WOODRUFF JR SENIOR VICE PRESIDENT & TREASURER 2.00
Officer Director
$0 $0 $0
GREG HOUGH VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
ED ANYZEK VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
ERIC DEGESERO EXECUTIVE VICE PRESIDENT/S 40.00
Officer
$288,387 $29,762 $318,149
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 $1,674,455 $1,624,225 $2,098,439 $50,230
2024 $1,773,360 $1,617,986 $1,983,583 $155,374
2023 $2,013,068 $1,898,365 $2,212,850 $114,703
2022 $1,679,945 $1,545,109 $2,427,323 $134,836
2021 $1,562,085 $2,069,307 $2,186,994 $-507,222
2020 $1,094,345 $992,499 $1,749,764 $101,846
2019 $1,712,326 $1,736,441 $2,182,054 $-24,115
2018 $1,783,900 $1,733,090 $1,982,731 $50,810
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