Drywall Taping Industry Promotional Fund of NJ (EIN 222168861) - 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

1973

Legal Domicile

Principal Officer

BILL UMBACH

Phone

8564390525

Tax Period

2024-01-01 to 2024-12-31

Drywall Taping Industry Promotional Fund of NJ, founded in 1973, is a small nonprofit that reported $118K in total revenue in fiscal year 2024. Revenue surged 113% from the prior year, signaling strong growth momentum. The organization ran a surplus of $111K, a strong 94% operating margin.

Mission

TO PROMOTE EDUCATION, TRAINING, PUBLIC RELATIONS & RESEARCH PROGRAMS FOR CONTRACTORS.

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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 $79,659

Program Service Revenue $0

Investment Income $38,178

Other Revenue $0

TOTAL REVENUE $117,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $6,554

TOTAL EXPENSES $6,554

Year-over-Year Comparison

	2024	2023	Change
Revenue	$117,837	$55,448	+1.1%
Expenses	$6,554	$5,677	+0.2%
Net Income	$111,283	$49,771	+1.2%

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

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
JOE DONOFRIO	TRUSTEE	0.1	Director	$0	$0	$0
Steve Lewis	TRUSTEE	0.1	Director	$0	$0	$0
Anthony Scelba	TRUSTEE	0.1	Director	$0	$0	$0
BILL UMBACH	EXECUTIVE DIRECTOR	5.0	Officer	$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	$117,837	$6,554	$1,116,242	$111,283
2023	$55,448	$5,677	$958,819	$49,771
2022	$376,470	$5,540	$832,312	$370,930
2021	$92,255	$57,189	$948,965	$35,066
2020	$88,685	$56,491	$828,494	$32,194
2019	$109,450	$55,943	$722,632	$53,507
2018	$93,781	$52,300	$607,516	$41,481

Drywall Taping Industry Promotional Fund of NJ