New Jersey Workshop for the Arts Inc (EIN 222160994) - 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

1977

Legal Domicile

Principal Officer

Glen Brown

Tax Period

2023-09-01 to 2024-08-31

New Jersey Workshop for the Arts Inc, founded in 1977, is a small nonprofit that reported $517K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

NJWA offers individual and group music instruction and courses in drama, visual arts, music, dance and special interests to participants, which includes pre-school children through senior citizens. NJWA also provides performances to communities throughout the Tri-State area.

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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 $18,820

Program Service Revenue $493,937

Investment Income $2,875

Other Revenue $1,569

TOTAL REVENUE $517,201

Expense Breakdown

Grants Paid $42,370

Salaries & Benefits $371,480

Fundraising Expenses $11,028

Program Expenses $392,115

Other Expenses $104,558

TOTAL EXPENSES $518,408

Year-over-Year Comparison

	2023	2022	Change
Revenue	$517,201	$597,137	-0.1%
Expenses	$518,408	$479,058	+0.1%
Net Income	$-1,207	$118,079	-1.0%

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

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

$51,217

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Glen Brown	Executive Director	40.00	Officer	$51,217	$0	$51,217
Rup Chattopadhyay	Board Director	2.00	Director	$0	$0	$0
Lynne McCabe	Board Director	2.00	Director	$0	$0	$0
Suzanne Sherman	Board Director	2.00	Director	$0	$0	$0
David Sexton	Board Director	2.00	Director	$0	$0	$0
Danielle Reising	Board Director	2.00	Director	$0	$0	$0
Corinne Clements	Board Director	2.00	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
2024	$517,201	$518,408	$737,267	$-1,207
2023	$597,137	$479,058	$764,940	$118,079
2022	$518,245	$455,698	$700,904	$62,547
2021	$492,818	$391,018	$224,719	$101,800
2020	$489,276	$426,230	$196,552	$63,046
2019	$460,879	$454,259	$61,745	$6,620
2018	$494,941	$450,273	$72,586	$44,668

New Jersey Workshop for the Arts Inc