NEW JERSEY UTILITIES ASSOCIATION I… - Form 990 Financial Data

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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

RICHARD HENNING

Phone

6093921000

Tax Period

2025-01-01 to 2025-12-31

NEW JERSEY UTILITIES ASSOCIATION INC, founded in 1915, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2025. Expenses of $1.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROMOTE A BROADER UNDERSTANDING OF THE INVESTOR-OWNED UTILITY INDUSTRY AND ITS CONTRIBUTIONS TO PUBLIC WELL-BEING AND NEW JERSEY'S ECONOMY, ADVOCATE FOR THE INDUSTRY BEFORE THE STATE LEGISLATURE AND REGULATORY AGENCIES TO ACHIEVE POLICIES THAT PROMOTE THE INTEREST OF UTILITIES AND THEIR CUSTOMERS IN THE PROVISION OF SAFE, RELIABLE, ENVIRONMENTALLY CONSCIOUS AND COST-EFFECTIVE SERVICES, AND IMPROVE EFFICIENCY AND SERVICE THROUGH THE EXCHANGE OF IDEAS, EXPERIENCE AND KNOW-HOW AMONG UTILITY COMPANIES.

Program Service Accomplishments

Program 1

PROMOTE A BROADER UNDERSTANDING OF THE INVESTOR-OWNED UTILITY INDUSTRY AND ITS CONTRIBUTIONS TO PUBLIC WELL-BEING AND NEW JERSEY'S ECONOMY, ADVOCATE FOR THE INDUSTRY BEFORE THE STATE LEGISLATURE AND REGULATORY AGENCIES TO ACHIEVE POLICIES THAT PROMOTE THE INTEREST OF UTILITIES AND THEIR CUSTOMERS IN THE PROVISION OF SAFE, RELIABLE, ENVIRONMENTALLY CONSCIOUS AND COST-EFFECTIVE SERVICES, AND IMPROVE EFFICIENCY AND SERVICE THROUGH THE EXCHANGE OF IDEAS, EXPERIENCE AND KNOW-HOW AMONG UTILITY COMPANIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,128,120

Investment Income $87,344

Other Revenue $-13,155

TOTAL REVENUE $1,202,309

Expense Breakdown

Grants Paid $16,313

Salaries & Benefits $729,762

Fundraising Expenses $0

Other Expenses $597,783

TOTAL EXPENSES $1,343,858

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,202,309	$1,169,281	+0.0%
Expenses	$1,343,858	$1,181,000	+0.1%
Net Income	$-141,549	$-11,719	+11.1%

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

$311,290

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA ORSEN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MICHELE O'CONNELL	1ST VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARK MCDONOUGH	2ND VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
PATRICK MIGLIACCIO	TREASURER	1.00	Officer Director	$0	$0	$0
JOSEPH F ACCARDO JR	SECRETARY	1.00	Officer Director	$0	$0	$0
NATALIE CHESKO	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ERN	MEMBER	1.00	Director	$0	$0	$0
LORRIE GINEGAW	DIRECTOR	1.00	Director	$0	$0	$0
KIM HANEMANN	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW HENDRY	DIRECTOR	1.00	Director	$0	$0	$0
DOUG MOKOID	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN O'CONNOR	MEMBER	1.00	Director	$0	$0	$0
TERESA REED	DIRECTOR	1.00	Director	$0	$0	$0
PETER SAHARKO	DIRECTOR	1.00	Director	$0	$0	$0
WENDY STEWART	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD HENNING	PRESIDENT & CEO	40.00	Officer	$288,163	$23,127	$311,290
CHRISTINA FARRELL	VICE PRESIDENT	40.00	Highest	$165,593	$23,313	$188,906
JOSEPH GURRENTZ	DIRECTOR, EXTERNAL AFFAIRS	40.00	Highest	$120,971	$12,057	$133,028

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	$1,202,309	$1,343,858	$2,509,413	$-141,549
2024	No data	No data	No data	No data
2023	$1,071,247	$1,020,628	$2,677,407	$50,619
2022	$975,222	$923,789	$2,384,935	$51,433
2021	$913,686	$824,461	$2,720,484	$89,225
2020	$869,749	$740,149	$2,422,942	$129,600
2019	$1,051,014	$792,773	$2,208,668	$258,241
2018	$1,004,067	$897,413	$2,063,836	$106,654

NEW JERSEY UTILITIES ASSOCIATION INC