INSURANCE COUNCIL OF NJ INC

EIN: 222233048

TRENTON, NJ

Total Revenue
$1,052,142
Total Expenses
$1,126,252
Total Assets
$1,860,066
Net Assets
$1,382,420
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
NJ
Phone
6093930025
Tax Period
2025-01-01 to 2025-12-31

INSURANCE COUNCIL OF NJ INC, founded in 1977, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2025.

Mission

THE INSURANCE COUNCIL OF NEW JERSEY IS AN INSURANCE RESEARCH, INFORMATION AND ADVOCACY ORGANIZATION FORMED TO CREATE A POSITIVE IMAGE AND UNDERSTANDING OF THE PROPERTY/CASUALTY INSURANCE BUSINESS AND TO PROMOTE A POSITIVE BUSINESS ENVIRONMENT THROUGH EDUCATION, PUBLIC INFORMATION AND COMMUNICATION.

Program Service Accomplishments

Program 1
Expenses: $399,420

INCLUDES MEMBER DUES, CONTINUING EDUCATION AND OTHER. OUR MISSION IS TO EDUCATE POLICY-MAKERS ON HOW LEGISLATION AND REGULATION AFFECT THE INDUSTRY. SEMINARS HELP WITH THAT EDUCATION. WE ALSO EDUCATE...

Read more

INCLUDES MEMBER DUES, CONTINUING EDUCATION AND OTHER. OUR MISSION IS TO EDUCATE POLICY-MAKERS ON HOW LEGISLATION AND REGULATION AFFECT THE INDUSTRY. SEMINARS HELP WITH THAT EDUCATION. WE ALSO EDUCATE OURSELVES AS THE CHANGING LAWS AND REGULATIONS. ICNJ MEMBERSHIP COMMUNICATIONS HELP MEET THIS GOAL.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $959,744
Investment Income $92,307
Other Revenue $91
TOTAL REVENUE $1,052,142

Expense Breakdown

Grants Paid $0
Salaries & Benefits $701,918
Fundraising Expenses $0
Program Expenses $399,420
Other Expenses $424,334
TOTAL EXPENSES $1,126,252

Year-over-Year Comparison

2025 2024 Change
Revenue $1,052,142 $991,280 +0.1%
Expenses $1,126,252 $876,977 +0.3%
Net Income $-74,110 $114,303 -1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
19
Independent Members
19
Employees
4
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
2
$407,831
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINE O'BRIEN President 40.00
Officer
$258,736 $7,845 $266,581
GARY R LASPISA II Vice President 40.00
Officer
$131,065 $10,185 $141,250
LAUREN PACHMAN BOARD MEMBER 1.00
Director
$0 $0 $0
DEAN TRACHSEL BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE WOLFE BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREW MUSICK BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN R SHOEMAKER BOARD MEMBER 1.00
Director
$0 $0 $0
ADRIAN FROST BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN MILETTI BOARD MEMBER 1.00
Director
$0 $0 $0
ASHLEE MULLENBACH BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS HYMAN BOARD MEMBER 1.00
Director
$0 $0 $0
MATT GANNON BOARD MEMBER 1.00
Director
$0 $0 $0
RYAN GOUX BOARD MEMBER 1.00
Director
$0 $0 $0
TARA MCGOVERN BOARD MEMBER 1.00
Director
$0 $0 $0
GEORGIA FLAMPORIS BOARD MEMBER 1.00
Director
$0 $0 $0
RON MARTIN BOARD MEMBER 1.00
Director
$0 $0 $0
DONALD BALDINI BOARD MEMBER 1.00
Director
$0 $0 $0
HARRIS BERENSON BOARD MEMBER 1.00
Director
$0 $0 $0
JEFFREY BECK BOARD MEMBER 1.00
Director
$0 $0 $0
TRACEY GENTRY HARNEY BOARD MEMBER 1.00
Director
$0 $0 $0
ADAM KERNS BOARD MEMBER 1.00
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 $1,052,142 $1,126,252 $1,860,066 $-74,110
2024 $991,280 $876,977 $1,954,167 $114,303
2023 $918,406 $789,656 $1,779,021 $128,750
2022 $847,870 $792,503 $1,686,229 $55,367
2021 $996,590 $1,010,429 $1,606,317 $-13,839
2020 $763,276 $724,401 $1,727,678 $38,875
2019 $1,143,047 $1,055,782 $1,709,107 $87,265
2018 $1,190,847 $1,079,394 $1,552,403 $111,453
Explore More Nonprofits
Top 100 Nonprofits in New Jersey Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare INSURANCE COUNCIL OF NJ INC with other nonprofits in New Jersey and across the country.