SOUTH BERGEN REGION VII WORKERS COMPENSATION POOL (EIN 222470958) - 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

1983

Legal Domicile

Principal Officer

JOSEPH KELLY

Phone

2019916800

Tax Period

2019-07-01 to 2020-06-30

SOUTH BERGEN REGION VII WORKERS COMPENSATION POOL, founded in 1983, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2019. The organization ran a surplus of $1.1M, a strong 49% operating margin.

Mission

SELF-ADMINISTERED WORKERS COMPENSATION LIABILITY POOL ESTABLISHED UNDER NJ STATUTE 18A: 18A-42. THE POOL PROVIDES INSURANCE COVERAGE FOR THE EMPLOYEES OF THE PARTICIPATING SCHOOL BOARDS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,960,400

Investment Income $235,434

Other Revenue $0

TOTAL REVENUE $2,195,834

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,200

Fundraising Expenses $0

Program Expenses $1,082,580

Other Expenses $259,294

TOTAL EXPENSES $1,122,415

Year-over-Year Comparison

	2019	2018	Change
Revenue	$2,195,834	$2,271,988	0.0%
Expenses	$1,122,415	$1,390,535	-0.2%
Net Income	$1,073,419	$881,453	+0.2%

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

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

$5,200

Total Directors

$5,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH KELLY	CHAIRPERSON	1.00	Officer Director	$1,200	$0	$1,200
PHIL NISONOFF	TREASURER	1.00	Officer Director	$4,000	$0	$4,000
HAQQUISHA TAYLOR	SECRETARY	0.00	Officer Director	$0	$0	$0
THOMAS O'HERN	DIRECTOR	0.00	Director	$0	$0	$0
JOSEPH BRUNACKI III	DIRECTOR	0.00	Director	$0	$0	$0
ANDREA WASSERMAN	DIRECTOR	0.00	Director	$0	$0	$0
JENINE MURRAY	DIRECTOR	0.00	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
2020	$2,195,834	$1,122,415	$14,818,446	$1,073,419
2019	$2,271,988	$1,390,535	$13,984,696	$881,453
2018	$2,073,173	$1,222,636	$13,208,312	$850,537

SOUTH BERGEN REGION VII WORKERS COMPENSATION POOL