NEW JERSEY ASSOCIATION OF INDEPEND… - 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

1960

Legal Domicile

Principal Officer

KEVIN RUTH

Phone

9738983630

Tax Period

2023-07-01 to 2024-06-30

NEW JERSEY ASSOCIATION OF INDEPENDENT SCHOOLS, founded in 1960, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 10% surplus.

Mission

THE NEW JERSEY ASSOCIATION OF INDEPENDENT SCHOOLS (NJAIS) PROMOTES AND SUPPORTS EDUCATIONAL, ETHICAL, AND PROFESSIONAL EXCELLENCE IN ITS MEMBER SCHOOLS, WHILE SAFEGUARDING THEIR INDEPENDENCE AND FOSTERING COURAGEOUS CHANGE.

Program Service Accomplishments

Program 1

Expenses: $636,917 Revenue: $1,005,778

NJAIS FULFILLS ITS MISSION BY:1. ADMINISTERING A COMPREHENSIVE STANDARDS-BASED ACCREDITATION PROGRAM THAT INSPIRES DEEP REFLECTION AND CONTINUOUS SCHOOL IMPROVEMENT.2. PROVIDING PURPOSEFUL AND...

NJAIS FULFILLS ITS MISSION BY:1. ADMINISTERING A COMPREHENSIVE STANDARDS-BASED ACCREDITATION PROGRAM THAT INSPIRES DEEP REFLECTION AND CONTINUOUS SCHOOL IMPROVEMENT.2. PROVIDING PURPOSEFUL AND RESPONSIVE PROFESSIONAL DEVELOPMENT EXPERIENCES AND LEADERSHIP OPPORTUNITIES FOR TEACHERS, ADMINISTRATORS, STAFF, AND TRUSTEES.3. BUILDING COLLEGIAL RELATIONSHIPS, FACILITATING THE EXCHANGE OF IDEAS, AND FORECASTING CHANGES TO THE INDEPENDENT SCHOOL LANDSCAPE.4. REPRESENTING THE INTERESTS OF MEMBER SCHOOLS AT THE LOCAL, STATE, AND FEDERAL LEVELS.5. PROMOTING THE PUBLIC UNDERSTANDING OF AND RESPECT FOR NJAIS SCHOOLS.6. STRIVING TO BRING A COMPELLING AND COMPASSIONATE VOICE TO STATEWIDE, NATIONAL, AND GLOBAL CONVERSATIONS ABOUT EDUCATION AND ADVOCATING FOR THE CONTINUED IMPROVEMENT OF LEARNING ENVIRONMENTS FOR ALL STUDENTS, BOTH IN NJAIS SCHOOLS AND IN THE WIDER COMMUNITY.

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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 $100,600

Program Service Revenue $1,005,778

Investment Income $50,462

Other Revenue $31,624

TOTAL REVENUE $1,188,464

Expense Breakdown

Grants Paid $0

Salaries & Benefits $744,956

Fundraising Expenses $122,047

Program Expenses $636,917

Other Expenses $325,859

TOTAL EXPENSES $1,070,815

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,188,464	$1,090,554	+0.1%
Expenses	$1,070,815	$1,040,060	+0.0%
Net Income	$117,649	$50,494	+1.3%

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

275

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

$336,646

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NAT CONARD	PRESIDENT	5.00	Officer Director	$0	$0	$0
JENNIFER GALAMBOS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JAYNE GEIGER	SECRETARY	1.00	Officer Director	$0	$0	$0
ROSE NEUBERT	TREASURER	2.00	Officer Director	$0	$0	$0
SERGIO ALATI	TRUSTEE	1.00	Director	$0	$0	$0
ROB CONNOR	TRUSTEE	1.00	Director	$0	$0	$0
BOB COSTELLO	TRUSTEE	1.00	Director	$0	$0	$0
ANDY DELINSKY	TRUSTEE	1.00	Director	$0	$0	$0
SR LISA GAMBACORTO	TRUSTEE	1.00	Director	$0	$0	$0
KHRISTINA GONZALEZ	TRUSTEE	1.00	Director	$0	$0	$0
JOHN GRIFFITH	TRUSTEE	1.00	Director	$0	$0	$0
HEATHER HOERLE	TRUSTEE	1.00	Director	$0	$0	$0
DAVID LOWRY	TRUSTEE	1.00	Director	$0	$0	$0
STEVE LOY	TRUSTEE	1.00	Director	$0	$0	$0
DOUG LYONS	TRUSTEE	1.00	Director	$0	$0	$0
PAUL PERKINSON	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE SANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
JILL SINGLETON	TRUSTEE	1.00	Director	$0	$0	$0
MARILYN STEWART	TRUSTEE	1.00	Director	$0	$0	$0
AMY ZIEBARTH	TRUSTEE	1.00	Director	$0	$0	$0
CAROLE J EVERETT	EXECUTIVE DIRECTOR, THRU JUNE 2024	60.00	Officer	$306,830	$29,816	$336,646
RACHEL FOLAN	DIRECTOR OF PROFESSIONAL DEVELOPMENT	60.00	Highest	$100,810	$7,561	$108,371

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	No data	No data	No data	No data
2024	$1,188,464	$1,070,815	$1,716,022	$117,649
2023	$1,090,554	$1,040,060	$1,601,546	$50,494
2022	$1,115,177	$989,485	$1,439,832	$125,692
2021	$1,035,764	$866,202	$1,421,837	$169,562
2020	$894,223	$825,334	$1,172,480	$68,889
2019	$994,917	$905,992	$1,121,032	$88,925

NEW JERSEY ASSOCIATION OF INDEPENDENT SCHOOLS