NEW JERSEY GASP INC (EIN 222290273) - 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

1979

Legal Domicile

Principal Officer

KAREN BLUMENFELD

Phone

9082739368

Tax Period

2020-04-01 to 2021-03-31

NEW JERSEY GASP INC, founded in 1979, is a micro nonprofit that reported $34K in total revenue in fiscal year 2020. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $55K exceeded revenue, resulting in a 62% operating deficit.

Mission

PUBLIC EDUCATION TO SECURE SMOKE-FREE AIR, GATHER & DISSEMINATE INFO ON THE DANGERS OF SMOKING, SECOND-HAND AND THIRD-HAND SMOKE.

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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 (2020)

Revenue Breakdown

Contributions & Grants $33,277

Program Service Revenue $290

Investment Income $226

Other Revenue $0

TOTAL REVENUE $33,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,354

Fundraising Expenses $5,304

Program Expenses $42,185

Other Expenses $11,533

TOTAL EXPENSES $54,887

Year-over-Year Comparison

	2020	2019	Change
Revenue	$33,793	$90,181	-0.6%
Expenses	$54,887	$73,926	-0.3%
Net Income	$-21,094	$16,255	-2.3%

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

N/A

Employees

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

$6,456

Total Directors

$6,456

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN BLUMENFELD	Executive Dir.	40.00	Officer Director	$6,456	$0	$6,456
FRED M JACOBS MD JD	President	1.00	Officer Director	$0	$0	$0
OMOWUNMI Y OSINUBI MD	Vice President	1.00	Officer Director	$0	$0	$0
NEAL COLLINS MD	Secretary	1.00	Officer Director	$0	$0	$0
VINCENT V ALTOMARE	Treasurer	3.00	Officer 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
2021	$33,793	$54,887	$109,188	$-21,094
2020	$90,181	$73,926	$131,188	$16,255
2019	$54,081	$73,331	$108,814	$-19,250
2018	$53,589	$38,133	$126,367	$15,456

NEW JERSEY GASP INC