NEW JERSEY ASSOCIATION OF SCHOOL BUSINESS OFFICIALS (EIN 222015291) - 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

1981

Legal Domicile

Phone

6096893870

Tax Period

2023-07-01 to 2024-06-30

NEW JERSEY ASSOCIATION OF SCHOOL BUSINESS OFFICIALS, founded in 1981, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.9M left a modest 9% surplus.

Mission

The mission of New Jersey Association for School Business officials (NJASBO) is to promote the highest standards of ethics and efficiency, provide its membership with professional development and support, and collaborate with entities that affect public education.The New Jersey Association of School business Officials (NJASBO) is committed to embracing respecting and supporting all of our members' unique characteristics. Our actions as leaders in education will promote equity, diversity and inclusion.

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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 $2,054,179

Investment Income $72,972

Other Revenue $0

TOTAL REVENUE $2,127,151

Expense Breakdown

Grants Paid $0

Salaries & Benefits $549,998

Fundraising Expenses $0

Program Expenses $1,548,975

Other Expenses $1,386,480

TOTAL EXPENSES $1,936,478

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,127,151	$1,696,434	+0.3%
Expenses	$1,936,478	$2,164,956	-0.1%
Net Income	$190,673	$-468,522	-1.4%

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

$173,772

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUE YOUNG	Executive Dir.	40.00	Officer	$173,772	$0	$173,772
MATTHEW A CLARKE	ASST EXECUTIVE DIR	40.00		$124,800	$0	$124,800
GAIL LIBBY	President	0.00	Officer Director	$0	$0	$0
KATHERINE ATTWOOD	President Elect	0.00	Officer Director	$0	$0	$0
CHANDRA ANAYA	1ST VP	0.00	Officer Director	$0	$0	$0
JAMES SEKELSKY	2ND VP	0.00	Officer Director	$0	$0	$0
RICHARD KAZ JR	IMM PAST PRES	0.00	Officer Director	$0	$0	$0
CHRISTOPHER VENEZIANI	Trustee	0.00	Director	$0	$0	$0
FLORO VILLANUEVA	Trustee	0.00	Director	$0	$0	$0
NICHOLAS BICE	Trustee	0.00	Director	$0	$0	$0
REGINA CHICO	Trustee	0.00	Director	$0	$0	$0
MARK MALLETT	Trustee	0.00	Director	$0	$0	$0
NICOLE ALBANESE	Trustee	0.00	Director	$0	$0	$0
MICHAEL HALIK	Trustee	0.00	Director	$0	$0	$0
NANCY MCCABE	Trustee	0.00	Director	$0	$0	$0
DAN CHOFFO	Trustee	0.00	Director	$0	$0	$0
TRICIA DUELL	Trustee	0.00	Director	$0	$0	$0
PAUL TODD	Trustee	0.00	Director	$0	$0	$0
DEB DONNELLEY	Trustee	0.00	Director	$0	$0	$0
FRANCINE THOMPSON	Trustee	0.00	Director	$0	$0	$0
AMY DOHERTY	Trustee	0.00	Director	$0	$0	$0
ANTHONY LOFRANCO	Trustee	0.00	Director	$0	$0	$0
SEAN GATELY	Trustee	0.00	Director	$0	$0	$0
JESSICA RAPP	Trustee	0.00	Director	$0	$0	$0
SHANNON DUBOIS-BRODY	Trustee	0.00	Director	$0	$0	$0
CHRIS HEAGLE	Trustee	0.00	Director	$0	$0	$0
DEBI LEBRUN	Trustee	0.00	Director	$0	$0	$0
RICH RENNIE	Trustee	0.00	Director	$0	$0	$0
PAUL VIZZUSO	Trustee	0.00	Director	$0	$0	$0
TIM HAVLUSCH	Trustee	0.00	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
2025	No data	No data	No data	No data
2024	$2,127,151	$1,936,478	$2,173,235	$190,673
2023	$1,696,434	$2,164,956	$2,107,903	$-468,522
2022	$1,691,572	$1,891,305	$2,463,617	$-199,733
2021	$1,364,935	$991,946	$2,283,166	$372,989
2020	$1,387,150	$1,134,040	$1,958,900	$253,110
2019	$1,766,949	$1,589,479	$1,651,146	$177,470
2018	$1,683,378	$1,585,426	$1,468,087	$97,952

NEW JERSEY ASSOCIATION OF SCHOOL BUSINESS OFFICIALS