NEW JERSEY PROPANE GAS ASSOCIATION

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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

1948

Legal Domicile

Principal Officer

EDISON MULCAHEY

Phone

6098909207

Tax Period

2024-07-01 to 2025-06-30

NEW JERSEY PROPANE GAS ASSOCIATION, founded in 1948, is a small nonprofit that reported $145K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $126K left a modest 14% surplus.

Mission

TO EDUCATE THE PUBLIC, THE MEDIA, THE INDUSTRY, AND LEGISLATIVE AND GOVERNMENTAL OFFICIALS AS TO THE SAFETY AND EFFICIENCY OF PROPANE AND RELATED PRODUCTS.

Program Service Accomplishments

Program 1

THERE ARE QUARTERLY AND ANNUAL MEETINGS HELD TO PROMOTE INDUSTRY AWARENESS AND ADDITIONAL TRAINING FOR MEMBERS. ALL NEW TOPICS CONCERNING THE INDUSTRY ARE DISCUSSED.

Program 2

CONFERENCES ARE HELD TO PROMOTE AND ADVANCE SAFETY THROUGHOUT THE PROPANE INDUSTRY, ACHIEVE PUBLIC AWARENESS AND POLICIES THAT FAVOR THE PRODUCTION, DISTRIBUTION, AND INCREASED USE OF PROPANE, AND TO FOSTER INDUSTRY WIDE COHESION THROUGH COMMUNICATION, LEARNING, NETWORKING, AND COLLABORATION WITH MEMBERS.

Program 3

TRAINING AND EDUCATION OF PERSONNEL IN VARIOUS ASPECTS OF THE INDUSTRY AND OBTAINING CETP CERTIFICATION THROUGH THE NATIONAL PROPANE GAS ASSOCIATION CEPT PROGRAM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $121,974

Program Service Revenue $22,805

Investment Income $425

Other Revenue $0

TOTAL REVENUE $145,204

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $125,586

TOTAL EXPENSES $125,586

Year-over-Year Comparison

	2024	2023	Change
Revenue	$145,204	$165,640	-0.1%
Expenses	$125,586	$126,476	0.0%
Net Income	$19,618	$39,164	-0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDISON MULCAHEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
STACI RAMMEL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFFREY SPIEGEL	TREASURER	1.00	Officer Director	$0	$0	$0
ROBYN PRASEK	SECRETARY	1.00	Officer Director	$0	$0	$0
JACQUELINE PIAZZA	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$0	$0
MICHAEL G MERRILL	DIRECTOR	1.00	Director	$0	$0	$0
HENRY S PAPIANO	IMMEDIATE PAST PRESIDENT	1.00		$0	$0	$0
BRUCE C BOTT	NATIONAL/STATE DIRECTOR	0.25	Director	$0	$0	$0
JIM WILTSHIRE	DIRECTOR	0.25	Director	$0	$0	$0
PETER GILMAN	DIRECTOR	0.25	Director	$0	$0	$0
ALLEN HESS	DIRECTOR	0.25	Director	$0	$0	$0
JAMES ROCA	DIRECTOR	0.25	Director	$0	$0	$0
JD STEM	DIRECTOR	0.25	Director	$0	$0	$0
RICHARD VAN ORDEN	DIRECTOR	0.25	Director	$0	$0	$0
WILLIAM P CURCIO	DIRECTOR EMERITUS	0.25	Director	$0	$0	$0
THOMAS LEAHY	DIRECTOR EMERITUS	0.25	Director	$0	$0	$0
GERARD C STOCKER	DIRECTOR EMERITUS	0.25	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	$145,204	$125,586	$185,423	$19,618
2024	No data	No data	No data	No data
2023	$196,513	$144,179	$126,641	$52,334
2022	$111,028	$140,934	$74,307	$-29,906
2021	$94,004	$111,668	$104,213	$-17,664
2020	$141,598	$129,815	$121,877	$11,783
2019	$103,261	$117,095	$110,094	$-13,834