PROBATION ASSOCIATION OF NJ

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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

DWIGHT COVALESKIE - PRES

Phone

7322231799

Tax Period

2023-01-01 to 2023-12-31

PROBATION ASSOCIATION OF NJ, founded in 1977, is a community nonprofit in the Employment sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROMOTE AND ADVANCE THE TERMS AND CONDITIONS OF EMPLOYMENT OF ITS MEMBERS; TO PROMOTE A MEDIUM OF EXCHANGE OF IDEAS BETWEEN MEMBERS; TO FURTHER DEVELOP THE INTERESTS AND RESPONSIBILITES OF MEMBERS; TO PROMOTE, PROTECT AND ADVANCE THE MUTUAL INTERESTS OF ITS MEMBERS; TO FOSTER A SPIRIT OF GOODWILL AMONG MEMBERS AND MANAGEMENT PERSONNEL, AND TO PROMTE ETHICAL PRACTICES IN THEIR RELATIONSHIPS WITH EACH OTHER; TO WORK IN UNISON IN EVERY LEGAL MANNER WITH THE STATE OF NEW JERSEY GOVERNMENT, THE FEDERAL GOVERNMENT, AND ANY OTHER STATE GOVERNMENTS.

Program Service Accomplishments

Program 1

TO PROMOTE AND ADVANCE THE TERMS AND CONDITIONS OF EMPLOYMENT OF ITS MEMBERS; TO PROMOTE A MEDIUM OF EXCHANGE OF IDEAS BETWEEN MEMBERS; TO FURTHER DEVELOP THE INTERESTS AND RESPONSIBILITES OF...

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,129,982

Investment Income $6,258

Other Revenue $0

TOTAL REVENUE $1,136,240

Expense Breakdown

Grants Paid $63,446

Salaries & Benefits $135,147

Fundraising Expenses $0

Other Expenses $1,094,433

TOTAL EXPENSES $1,310,996

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,136,240	$1,221,248	-0.1%
Expenses	$1,310,996	$1,270,875	+0.0%
Net Income	$-174,756	$-49,627	+2.5%

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

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

$56,248

Total Directors

$57,248

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DWIGHT COVALESKIE	PRESIDENT	40.00	Officer Director	$23,898	$0	$23,898
ELLEN CRIBBIN	1ST V.P./LEGISLATIVE REP.	40.00	Officer Director	$7,550	$0	$7,550
GAVIN CUMMINGS	1ST V.P. SUPERVISORS-RETIRED 6/30/24	10.00	Officer Director	$6,550	$0	$6,550
SUSAN STOTT	2ND VICE PRESIDENT	10.00	Officer Director	$2,100	$0	$2,100
TITESSA D SMITH	REC SEC, REG III REP, BM	10.00	Officer Director	$2,500	$0	$2,500
ANTHONY PERSICO	NORTH. REG VP	10.00	Officer Director	$1,500	$0	$1,500
JOEL NARVAEZ	CENTRAL REGIONAL VP	10.00	Officer Director	$1,500	$0	$1,500
LINVAL LEWIS	SOUTHERN REGIONAL V.P.	10.00	Officer Director	$1,500	$0	$1,500
SABRINA BEYAH	NORTHERN REG SUPV.-RESIGN 12/31/23	10.00	Officer Director	$1,500	$0	$1,500
TRACY ADAMKIEWICZ	CENTRAL REGIONAL SUPV.	10.00	Officer Director	$1,500	$0	$1,500
LYNNE TAYLOR	FIN. SECRETARY	10.00	Officer Director	$1,500	$0	$1,500
KATHERINE QUICK	TREASURER	10.00	Officer Director	$1,500	$0	$1,500
NICOLE DORR	SOUTHERN REGIONAL SUPV VP	10.00	Officer Director	$2,500	$0	$2,500
BRIAN JOY	PARLIAMENTARIAN	10.00	Officer Director	$650	$0	$650
VALERIE NAPIER	SGT. AT ARMS	10.00	Officer Director	$0	$0	$0
DEBRA BELFI	REGION 1 REP.	10.00	Director	$0	$0	$0
BRENDA JONES	REGION 1 REP.- RESIGN 7/31/23	10.00	Director	$0	$0	$0
EVAN HUTCHENS	REGION 1 REP.	10.00	Director	$0	$0	$0
JOHN PAPP	REGION 2 REP.	10.00	Director	$0	$0	$0
NICHOLAS BRISCUSO	REGION 2 REP.	10.00	Director	$0	$0	$0
HELIBERT HERNANDEZ	REGION 2 REP.	10.00	Director	$0	$0	$0
DANIEL STAHL	REGION 3 REP.	10.00	Director	$0	$0	$0
RAY ROSE	REGION 3 REP.	10.00	Director	$0	$0	$0
GLENN GUARINO	HEALTH AND SAFETY REP	10.00	Director	$1,000	$0	$1,000
GINA MCALLISTER	REGION 1 REP.- START 8/1/23	10.00	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	No data	No data	No data	No data
2023	$1,136,240	$1,310,996	$3,981,543	$-174,756
2022	$1,221,248	$1,270,875	$3,837,076	$-49,627
2021	$1,329,034	$1,207,597	$4,339,194	$121,437
2020	$1,311,602	$1,203,058	$4,161,652	$108,544
2019	$1,300,121	$1,229,730	$3,881,208	$70,391
2018	$1,350,729	$1,161,127	$3,597,939	$189,602