RESEARCH AND DEVELOPMENT COUNCIL OF NEW JERSEY INC (EIN 222188362) - 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

1962

Legal Domicile

Phone

9732748336

Tax Period

2024-07-01 to 2025-06-30

RESEARCH AND DEVELOPMENT COUNCIL OF NEW JERSEY INC, founded in 1962, is a community nonprofit in the Science & Technology sector that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 27% operating deficit.

Mission

The Council's purpose is to advance research and development in New Jersey and promote excellence in STEM education through the assimilation and distribution of information, facilitation of stakeholders and constituents,and developing and implementing programs regarding R&D and STEM throughout the state.

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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 $482,276

Program Service Revenue $531,228

Investment Income $35

Other Revenue $275

TOTAL REVENUE $1,013,814

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $203,470

Program Expenses $979,236

Other Expenses $1,086,949

TOTAL EXPENSES $1,288,549

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,013,814	$1,225,053	-0.2%
Expenses	$1,288,549	$1,088,077	+0.2%
Net Income	$-274,735	$136,976	-3.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mario M Casabona	Trustee	2.00	Director	$0	$0	$0
Anthony Cicatiello	President	5.00	Officer Director	$0	$0	$0
Donald Geiss	Trustee	2.00	Director	$0	$0	$0
Alan Balog	Trustee	2.00	Director	$0	$0	$0
Keith Bostian PhD	Trustee	2.00	Director	$0	$0	$0
Rubi Burlage PhD	Trustee	2.00	Director	$0	$0	$0
Ian W Davies PhD	Secretary	2.00	Director	$0	$0	$0
Stefanie Brachfeld PhD	Trustee	2.00	Director	$0	$0	$0
Atam P Dhawan PhD	Trustee	2.00	Director	$0	$0	$0
Deborah Perez-Fernadez Ph D	Trustee	2.00	Director	$0	$0	$0
Gary Barber	Trustee	2.00	Director	$0	$0	$0
Virginie Maillard	Vice Chairwoman	2.00	Director	$0	$0	$0
Mei Wei Ph D	Trustee	2.00	Director	$0	$0	$0
Paul Hoffman	Trustee	2.00	Director	$0	$0	$0
Louis Lombardo PhD	Trustee	2.00	Director	$0	$0	$0
Alan J Main PhD	Trustee	2.00	Director	$0	$0	$0
Kathleen Scotto PhD	Trustee	2.00	Director	$0	$0	$0
Susan M Miller PhD	Trustee	2.00	Director	$0	$0	$0
William Penders	Trustee	2.00	Director	$0	$0	$0
Haskell Berman	Trustee	2.00	Director	$0	$0	$0
Sandra Powell-Elliott BS MBA	Trustee	2.00	Director	$0	$0	$0
Nandu Deorkar	Trustee	2.00	Director	$0	$0	$0
Edmond Synakowski Ph D	Trustee	2.00	Director	$0	$0	$0
Jeffery Stokes	Treasurer	2.00	Director	$0	$0	$0
Colleen E Ruegger RPh PhD	Chairman	2.00	Director	$0	$0	$0
Kim Case JD	Executive Direc	40.00	Director	$0	$0	$0
Jeffrey Cartmell	Trustee	2.00	Director	$0	$0	$0
Judith Sheft	Trustee	2.00	Director	$0	$0	$0
Aaron Price	Trustee	2.00	Director	$0	$0	$0
Dan Rosenthal	Trustee	2.00	Director	$0	$0	$0
Stephen Socolof	Trustee	2.00	Director	$0	$0	$0
Sujata Vaidyanathan	Trustee	2.00	Director	$0	$0	$0
David Zimmerman	Trustee	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
2025	$1,013,814	$1,288,549	$527,268	$-274,735
2024	No data	No data	No data	No data
2023	$1,308,475	$1,200,099	$665,027	$108,376
2022	$867,528	$714,011	$556,651	$153,517
2021	$1,265,540	$989,517	$403,134	$276,023
2020	$727,259	$711,395	$127,111	$15,864
2018	$598,634	$579,118	$38,176	$19,516

RESEARCH AND DEVELOPMENT COUNCIL OF NEW JERSEY INC