NEW JERSEY ELECTRONIC LIFE SAFETY … - Form 990 Financial Data

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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

CHRISTINE HIGGINS

Phone

6096954444

Tax Period

2024-01-01 to 2024-12-31

NEW JERSEY ELECTRONIC LIFE SAFETY ASSOCIATION INC, founded in 1977, is a small nonprofit that reported $438K in total revenue in fiscal year 2024. Expenses of $381K left a modest 13% surplus.

Mission

TO PROMOTE ALARM INDUSTRY STANDARDS AND ETHICS; TO BE A SOURCE OF EDUCATION REGARDING THE ELECTRONIC SECURITY INDUSTRY AND PROMOTE THE INTEREST IF THE INDUSTRY FOR MEMBERS AND THE PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $177,183 Revenue: $264,022

THE ASSOCIATION CONDUCTS AND ANNUAL SYMPOSIUM THAT GATHERS INDUSTRY MEMBERS FROM ACROSS NEW JERSEY TO LEARN ABOUT THE LATEST TECHNOLOGY AVAILABLE TO PROVIDE SECURITY SERVICES, EXCHANGE IDEAS, PROVIDE OPPORTUNITIES FOR TRAINING TO MAINTAIN STATE LICENSING AND CONDUCT THE BUSINESS OF THE ASSOCIATION. IN 2024, THE SYMPOSIUM WAS ATTENDED BY 550 PEOPLE, INCLUDING VENDORS AND ITS REPRESENTATIVES.

Program 2

Expenses: $8,095 Revenue: $11,185

THE ASSOCIATION CONDUCTS BOARD AND REGIONAL MEETINGS TO KEEP MEMBERS INFORMED ABOUT DEVELOPMENTS IN THE INDUSTRY INCLUDING EVOLVING STANDARDS, LICENSING REQUIREMENTS AND ETHICS. IN 2024, SIX BOARD...

THE ASSOCIATION CONDUCTS BOARD AND REGIONAL MEETINGS TO KEEP MEMBERS INFORMED ABOUT DEVELOPMENTS IN THE INDUSTRY INCLUDING EVOLVING STANDARDS, LICENSING REQUIREMENTS AND ETHICS. IN 2024, SIX BOARD MEETINGS AND FOUR REGIONAL MEETINGS WERE HELD.

Program 3

Revenue: $8,880

THE ASSOCIATION PROVIDES CONTINUING EDUCATION TO MEMBERS TO ASSIST IN MAINTAINING AND IMPROVING KNOWLEDGE AND SKILLS IN SECURITY INDUSTRY SERVICES AND IN MAINTAINING STATE LICENSING REQUIREMENTS. IN 2024, THE ASSOCIATION PRESENTED TRAINING PROGRAMS THAT PROVIDED 157 HOURS OF CONTINUING EDUCATION FOR ITS TECHNICIANS.

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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 $9,573

Program Service Revenue $392,655

Investment Income $19,825

Other Revenue $15,891

TOTAL REVENUE $437,944

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $185,278

Other Expenses $380,715

TOTAL EXPENSES $380,715

Year-over-Year Comparison

	2024	2023	Change
Revenue	$437,944	$426,089	+0.0%
Expenses	$380,715	$7,389	+50.5%
Net Income	$57,229	$418,700	-0.9%

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
JOSEPH CIOFFI III	President	2.00	Officer Director	$0	$0	$0
MICHAEL ASH	VP - NORTH	2.00	Officer Director	$0	$0	$0
BILL ACKERMAN	SEC. - NORTH	2.00	Officer Director	$0	$0	$0
CHRIS HUMMEL	VP SOUTH	2.00	Officer Director	$0	$0	$0
GREG OVERHOLT	SEC. SOUTH	2.00	Officer Director	$0	$0	$0
ROBERT DEGENNARO	Treasurer	2.00	Officer Director	$0	$0	$0
BRIAN ARENOFSKY	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
HEATHER FERRARA	Director	2.00	Director	$0	$0	$0
VINCE FLUKEY	Director	2.00	Director	$0	$0	$0
KEN GOULD	Director	2.00	Director	$0	$0	$0
JAMIE KERTH	Director	2.00	Director	$0	$0	$0
LARRY LITTLE	Director	2.00	Director	$0	$0	$0
CHRIS MOSLEY	Director	2.00	Director	$0	$0	$0
KEN NELSON	TRAINING	2.00	Director	$0	$0	$0
PETER RAYMOND	Director	2.00	Director	$0	$0	$0
PAUL SIEMON	Director	2.00	Director	$0	$0	$0
LEW WALTERS	Director	2.00	Director	$0	$0	$0
DUANE WAREHIME	Director	2.00	Director	$0	$0	$0
ED MAFFEY	LOCKSMITH	2.00	Director	$0	$0	$0
ALEX WEINER ESQ	ATTORNEY	2.00	Director	$0	$0	$0
EILEEN KEAN	LOBBYIST	2.00	Director	$0	$0	$0
CHRISTINE HIGGINS	Executive Dir.	2.00	Director	$0	$0	$0
SUNITHA ARNI	ADMINISTRATOR	2.00	Director	$0	$0	$0
PAT WHITE	ADMINISTRATOR	2.00	Director	$0	$0	$0
JESSE BROOME	MARKETING DIR.	2.00	Director	$0	$0	$0
NATALIE SUOZZO	RECRUITER	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	$437,944	$380,715	$438,934	$57,229
2023	$426,089	$358,713	$428,807	$67,376
2022	$397,678	$346,756	$287,902	$50,922
2021	$307,332	$291,154	$236,980	$16,178
2020	$390,569	$340,625	$220,802	$49,944
2019	$468,801	$422,868	$213,851	$45,933
2018	$379,263	$382,497	$163,366	$-3,234

NEW JERSEY ELECTRONIC LIFE SAFETY ASSOCIATION INC