NEW JERSEY PSYCHOLOGICAL ASSOCIATION (EIN 221731431) - 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

1950

Legal Domicile

Principal Officer

SARA TEDRICK PARIKH

Phone

9732439800

Tax Period

2023-01-01 to 2023-12-31

NEW JERSEY PSYCHOLOGICAL ASSOCIATION, founded in 1950, is a small nonprofit that reported $617K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

THE ADVANCEMENT OF PSYCHOLOGY AS A SCIENCE, AS A PROFESSION, AND AS A MEANS OF PROMOTING HEALTH AND HUMAN WELFARE IN AN ATMOSPHERE THAT SUPPORTS THE DIVERSITY OF ITS MEMBERS AND SOCIETY AT LARGE.

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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 $456,287

Program Service Revenue $173,188

Investment Income $-12,223

Other Revenue $0

TOTAL REVENUE $617,252

Expense Breakdown

Grants Paid $0

Salaries & Benefits $386,893

Fundraising Expenses $0

Other Expenses $272,344

TOTAL EXPENSES $659,237

Year-over-Year Comparison

	2023	2022	Change
Revenue	$617,252	$668,945	-0.1%
Expenses	$659,237	$695,761	-0.1%
Net Income	$-41,985	$-26,816	+0.6%

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

150

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

$176,996

Total Directors

$176,996

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARA J PARIKH	EXECUTIVE DIRET	35.00	Officer Director	$93,316	$0	$93,316
SUSAN MCGROARTY	DIRECTOR	12.00	Officer Director	$40,656	$0	$40,656
AMY CHAPMAN	DIRECTOR OF OPE	35.00	Officer Director	$19,374	$0	$19,374
BRIANA COX	President	20.00	Officer Director	$11,000	$0	$11,000
PETER DENIGRIS	PAST PRESIDENT	20.00	Officer Director	$11,000	$0	$11,000
MARC GIRONDA	PRESIDENT	3.00	Officer Director	$1,650	$0	$1,650
ALEXANDRA MILLER	Secretary	12.00	Officer Director	$0	$0	$0
BONNIE MARKHAM	PARLIAMENTARIAN	1.00	Director	$0	$0	$0
DEIRDRE WATERS	Trustee	1.00	Director	$0	$0	$0
JANE SIMON	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIO ARRECHEA	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEX GIL	BOARD MEMBER	1.00	Director	$0	$0	$0
MEIR FLANCBAUM	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN DASILVA	BOARD MEMBER	1.00	Director	$0	$0	$0
RHONDA ALLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNA URBANIAK	BOARD MEMBER	1.00	Director	$0	$0	$0
JACKLYN HAMMOND	BOARD MEMBER	1.00	Director	$0	$0	$0
JARED HAMMOND	BOARD MEMBER	1.00	Director	$0	$0	$0
PHYLLIS BOLLING	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN MCGROARTY	BOARD MEMBER	0.00	Director	$0	$0	$0
NANSIE ROSS	BOARD MEMBER	1.00	Director	$0	$0	$0
TAMMY DORFF	BOARD MEMBER	1.00	Director	$0	$0	$0
LAUREN GERARDI	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH DOUGHERTY	BOARD MEMBER	1.00	Director	$0	$0	$0
JANIE FELDMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGE PUIG	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN KARMANN	EXECUTIVE DIR	0.00		$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	$617,252	$659,237	$814,896	$-41,985
2022	$668,945	$695,761	$753,231	$-26,816
2021	$697,746	$615,627	$940,228	$82,119
2020	$640,650	$639,279	$897,130	$1,371
2019	$711,204	$688,258	$849,417	$22,946
2018	$712,740	$657,902	$839,889	$54,838

NEW JERSEY PSYCHOLOGICAL ASSOCIATION