NEW JERSEY VASA HOME

EIN: 221476382

HACKETTSTOWN, NJ

Total Revenue
$380,432
Total Expenses
$500,535
Total Assets
$411,989
Net Assets
$371,195
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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
1949
Legal Domicile
NJ
Principal Officer
ERROL ERNSTROM
Phone
9736918383
Tax Period
2023-01-01 to 2023-12-31

NEW JERSEY VASA HOME, founded in 1949, is a small nonprofit that reported $380K in total revenue in fiscal year 2023. Expenses of $501K exceeded revenue, resulting in a 32% operating deficit.

Mission

FRATERNAL BENEFICIARY ORDER

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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 (2023)

Revenue Breakdown

Contributions & Grants $42,569
Program Service Revenue $223,831
Investment Income $35
Other Revenue $113,997
TOTAL REVENUE $380,432

Expense Breakdown

Grants Paid $0
Salaries & Benefits $17,649
Fundraising Expenses $0
Other Expenses $482,886
TOTAL EXPENSES $500,535

Year-over-Year Comparison

2023 2022 Change
Revenue $380,432 $359,114 +0.1%
Expenses $500,535 $289,425 +0.7%
Net Income $-120,103 $69,689 -2.7%
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

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Governance

Voting Members
19
Independent Members
N/A
Employees
10
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES RADEL PRESIDENT 5.00
Director
$0 $0 $0
BEVERLY BLAKE SECRETARY 5.00
Director
$0 $0 $0
ERROL ERNSTROM TREASURER 5.00
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
2024 No data No data No data No data
2023 $380,432 $500,535 $411,989 $-120,103
2022 $359,114 $289,425 $535,818 $69,689
2021 $329,828 $285,053 $462,181 $44,775
2020 $306,509 $277,433 $410,428 $29,076
2019 $358,904 $335,288 $380,710 $23,616
2018 $325,328 $286,958 $358,243 $38,370
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