NEW JERSEY UTILITIES ASSOCIATION INC

EIN: 221723245

FREEHOLD, NJ

Total Revenue
$1,202,309
Total Expenses
$1,343,858
Total Assets
$2,509,413
Net Assets
$2,298,407
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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
NJ
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

SUPPORTS NEW JERSEY UTILITIES ON BROAD BASED INDUSTRY AND BUSINESS ISSUES.

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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 $1,128,120
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

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Governance

Voting Members
15
Independent Members
15
Employees
4
Volunteers
15

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
6
$311,290
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
2
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
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