COUNCIL OF NJ STATE COLLEGE LOCALS (EIN 222015167) - 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

1970

Legal Domicile

Principal Officer

MICHAEL HELLER

Phone

9089648476

Tax Period

2023-09-01 to 2024-08-31

COUNCIL OF NJ STATE COLLEGE LOCALS, founded in 1970, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $949K, a strong 41% operating margin.

Mission

BARGAINING AGENT FOR THE FACULTY AND PROFESSIONAL STAFF OF NINE NJ STATE COLLEGES

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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 $1,568,549

Investment Income $176,436

Other Revenue $543,307

TOTAL REVENUE $2,288,292

Expense Breakdown

Grants Paid $0

Salaries & Benefits $720,848

Fundraising Expenses $0

Program Expenses $1,334,948

Other Expenses $618,210

TOTAL EXPENSES $1,339,058

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,288,292	$1,717,953	+0.3%
Expenses	$1,339,058	$1,425,693	-0.1%
Net Income	$949,234	$292,260	+2.2%

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

N/A

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

$118,528

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM HARESIGN	PRESIDENT	40.00	Officer	$52,392	$0	$52,392
WILLIAM SULLIVAN	EXEC V.P.	40.00	Officer	$16,372	$0	$16,372
JUDY MATTHEW	LIBRARIAN REP	1.00	Officer	$3,511	$0	$3,511
KAREN SIEFRING	PROF STAFF REP	1.00	Officer	$3,511	$0	$3,511
ANN WETZEL	SECRETARY	1.00	Officer	$8,930	$0	$8,930
LAUREEN LEFEVER	VICE PRESIDENT	1.00	Officer	$8,930	$0	$8,930
MICHAEL HELLER	TREASURER	1.00	Officer	$8,930	$0	$8,930
MARY WALLACE	ADJUNCT FACULTY REP	1.00	Officer	$3,511	$0	$3,511
SUE TARDI	LEGISLATIVE REP	1.00	Officer	$8,930	$0	$8,930
CHARLENE MARTUCCI	LOCAL PRESIDENT REP	1.00	Officer	$0	$0	$0
JAMES CASTIGLIONE	LOCAL PRESIDENT REP	1.00	Officer	$0	$0	$0
MARIE KRUPINSKI	LOCAL PRESIDENT REP	1.00	Officer	$0	$0	$0
ED SHANNON	LOCAL PRESIDENT REP	1.00	Officer	$0	$0	$0
LAURA FIELD	NON-TENURE TRACK REP	1.00	Officer	$3,511	$0	$3,511
WILLIAM CALATHES	LOCAL PRESIDENT REP	1.00	Officer	$0	$0	$0
EMARI DIGORGIO	LOCAL PRESIDENT REP	1.00	Officer	$0	$0	$0
JOSEPH BASSO	LOCAL PRESIDENT REP	1.00	Officer	$0	$0	$0
MATT WUND	LOCAL PRESIDENT REP	1.00	Officer	$0	$0	$0
ANTHONY GIARDULLO	EMPLOYEE	40.00	Highest	$105,131	$0	$105,131
BRUCE HOWARD	EMPLOYEE	40.00	Highest	$128,170	$0	$128,170

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	$2,288,292	$1,339,058	$6,418,899	$949,234
2023	$1,717,953	$1,425,693	$5,469,665	$292,260
2022	$898,005	$1,436,989	$5,177,405	$-538,984
2021	$2,342,297	$1,248,219	$5,716,389	$1,094,078
2020	$2,072,727	$1,458,294	$4,751,068	$614,433
2019	$1,645,871	$1,640,338	$4,007,878	$5,533
2018	$2,001,236	$1,764,212	$4,002,345	$237,024

COUNCIL OF NJ STATE COLLEGE LOCALS