NEW JERSEY PRINCIPALS AND SUPERVISORS ASSOCIATION (EIN 222354716) - 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

1981

Legal Domicile

Principal Officer

KAREN BINGERT

Phone

6098601200

Tax Period

2024-07-01 to 2025-06-30

NEW JERSEY PRINCIPALS AND SUPERVISORS ASSOCIATION, founded in 1981, is a community nonprofit that reported $7.3M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

THE NEW JERSEY PRINCIPALS AND SUPERVISORS ASSOCIATION ("ASSOCIATION") RECOGNIZES THAT STRONG LEADERSHIP IS ESSENTIAL TO EDUCATIONAL EXCELLENCE IN NEW JERSEY. THE ASSOCIATION IS DEDICATED TO ASSISTING SCHOOL LEADERS BY SUPPORTING THEIR PROFESSIONAL NEEDS, ADVOCATING ON THEIR BEHALF AND PROVIDING THE RESOURCES NECESSARY TO HELP ASSURE THE PROTECTION OF THEIR RIGHTS. THE ASSOCIATION IS COMMITTED TO WORKING PROACTIVELY TO ADVANCE EDUCATIONAL GOALS AND OUTCOMES TO AFFORD STUDENTS THE HIGHEST QUALITY EDUCATION IN NEW JERSEY'S SCHOOLS.

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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 $0

Program Service Revenue $6,927,595

Investment Income $339,347

Other Revenue $69,030

TOTAL REVENUE $7,335,972

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,651,651

Fundraising Expenses $232,038

Program Expenses $4,640,761

Other Expenses $2,988,568

TOTAL EXPENSES $7,640,219

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,335,972	$6,598,129	+0.1%
Expenses	$7,640,219	$7,178,945	+0.1%
Net Income	$-304,247	$-580,816	-0.5%

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

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

$286,582

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH SPOLTORE	PRESIDENT	0.00	Officer Director	$0	$0	$0
JENNIFER LOWE	PRESIDENT ELECT	0.00	Officer Director	$0	$0	$0
KIMBERLY CLARK	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
KAREN BERNNETT ED D	IMMEDIATE PAST PRESIDENT	0.00	Officer Director	$0	$0	$0
NUBEJA ALLEN	SECRETARY	0.00	Officer Director	$0	$0	$0
DIANE PISTILLI	TREAURER	0.00	Officer Director	$0	$0	$0
KAREN BINGERT	EXECUTIVE DIRECTOR	1.00	Officer	$260,000	$26,582	$286,582
DEBRA BRADLEY	DIRECTOR OF GOVERNMENT RELATIONS	1.00	Highest	$217,141	$41,973	$259,114
DENISE HECHT BERGER	ASSISTANT EXECUTIVE DIRECTOR	1.00	Highest	$216,005	$30,802	$246,807
LYNN DISCAVAGE	ACCOUNTANT	1.00	Highest	$162,750	$26,542	$189,292
DAN HIGGINS	DIRECTOR OF STRATEGIC COMMUNICATION	1.00	Highest	$147,437	$12,813	$160,250

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	$7,335,972	$7,640,219	$9,120,429	$-304,247
2024	No data	No data	No data	No data
2023	$6,409,033	$6,579,417	$8,023,405	$-170,384
2022	$4,131,808	$6,724,937	$8,265,309	$-2,593,129
2021	$6,636,486	$6,203,244	$11,232,168	$433,242
2020	$6,313,988	$6,554,738	$10,531,950	$-240,750
2019	$6,167,403	$5,986,499	$10,890,171	$180,904
2018	$6,090,522	$5,396,427	$10,632,771	$694,095

NEW JERSEY PRINCIPALS AND SUPERVISORS ASSOCIATION