Drywall and Interior Systems Contractors Association Inc of NJ (EIN 221989461) - 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

1972

Legal Domicile

Principal Officer

BILL UMBACH

Phone

8562910252

Tax Period

2023-01-01 to 2023-12-31

Drywall and Interior Systems Contractors Association Inc of NJ, founded in 1972, is a small nonprofit that reported $212K in total revenue in fiscal year 2023. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 559% operating deficit.

Mission

TO PROMOTE AND SUPPORT DRYWALL AND INTERIOR SYSTEMS CONTRACTOR'S INDUSTRY.

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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 $0

Program Service Revenue $208,404

Investment Income $-10,138

Other Revenue $13,862

TOTAL REVENUE $212,128

Expense Breakdown

Grants Paid $201,276

Salaries & Benefits $175,100

Fundraising Expenses $0

Other Expenses $1,022,544

TOTAL EXPENSES $1,398,920

Year-over-Year Comparison

	2023	2022	Change
Revenue	$212,128	$618,214	-0.7%
Expenses	$1,398,920	$1,761,168	-0.2%
Net Income	$-1,186,792	$-1,142,954	+0.0%

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

N/A

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

$175,100

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL UMBACH	EXECUTIVE DIRECTOR	40.0	Officer	$175,100	$0	$175,100
Joe Donofrio	IMMEDIATE PAST PRESIDENT	2.0	Officer Director	$0	$0	$0
Tom Krug	PRESIDENT	2.0	Officer Director	$0	$0	$0
Jessica DePalma-Sheppard	TREASURER	2.0	Director	$0	$0	$0
Leif Andersen	DIRECTOR	2.0	Director	$0	$0	$0
Scott Casabona	DIRECTOR	2.0	Director	$0	$0	$0
Steve Lewis	VICE PRESIDENT	2.0	Officer Director	$0	$0	$0
Bob Partyka	DIRECTOR	2.0	Director	$0	$0	$0
Anthony Scelba	DIRECTOR	2.0	Director	$0	$0	$0
CLINT VALLEAU	DIRECTOR	2.0	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	$212,128	$1,398,920	$1,754,877	$-1,186,792
2022	$618,214	$1,761,168	$1,377,586	$-1,142,954
2021	$2,272,508	$1,054,602	$1,712,295	$1,217,906
2020	$797,743	$1,101,287	$440,483	$-303,544
2019	$1,060,449	$1,155,467	$811,399	$-95,018
2018	$748,922	$823,737	$883,223	$-74,815

Drywall and Interior Systems Contractors Association Inc of NJ