NEW JERSEY PROPERTY - LIABILITY INSURANCE GUARANTY ASSOCIATION (EIN 222559832) - 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

1974

Legal Domicile

Principal Officer

FRANK ROTELLA

Phone

9083827100

Tax Period

2023-01-01 to 2023-12-31

NEW JERSEY PROPERTY - LIABILITY INSURANCE GUARANTY ASSOCIATION, founded in 1974, is a major nonprofit that reported $126.3M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $29.3M, a strong 23% operating margin.

Mission

NJPLIGA WAS CREATED BY NJSA 17:30A-1 ET SEQ. THE STATUTE ESTABLISHES A MECHANISM FOR THE PAYMENT OF "COVERED CLAIMS" OF INSOLVENT INSURANCE COMPANIES.

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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 $119,482,568

Investment Income $6,791,848

Other Revenue $0

TOTAL REVENUE $126,274,416

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,472,674

Fundraising Expenses $0

Other Expenses $94,521,251

TOTAL EXPENSES $96,993,925

Year-over-Year Comparison

	2023	2022	Change
Revenue	$126,274,416	$101,872,999	+0.2%
Expenses	$96,993,925	$98,405,549	0.0%
Net Income	$29,280,491	$3,467,450	+7.4%

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

125

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

$1,342,173

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA SCHLEE-GILBERT	TRUSTEE - DIRECTOR	0.00	Director	$0	$0	$0
DAVID RACZENBECK	TRUSTEE - DIRECTOR	0.00	Director	$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	0.00		$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	0.00		$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	0.00		$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	0.00		$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	0.00		$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	0.00		$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	0.00		$0	$0	$0
TRISHA YOUNG	DIRECTOR OF OPERATIONS	8.00	Officer	$175,773	$14,895	$190,668
RONALD CHESS	DIR. OF COMPLIANCE & IT	8.00	Officer	$186,459	$33,664	$220,123
MICHAEL ROMEO	DIRECTOR OF CLAIMS	8.00	Officer	$176,850	$28,871	$205,721
LORI CONNORS	GENERAL COUNSEL	8.00	Officer	$232,414	$33,169	$265,583
JOSEPH DELLAFERA	CHIEF EXECUTIVE OFFICER	8.00	Officer	$295,408	$34,876	$330,284
FRANK ROTELLA	DIRECTOR OF FINANCE	8.00	Officer	$119,556	$10,238	$129,794
THOMAS ANTOLA	SOFTWARE DEVELOP. MANAGER	8.00	Highest	$155,066	$31,638	$186,704
STEVEN LISNER	SR MED BILL REVIEW & CODE ANLST	8.00	Highest	$148,624	$26,573	$175,197
RENAN BESIDO	ASST DIRECTOR OF CLAIMS	8.00	Highest	$152,014	$34,555	$186,569
NOCHOLAS HAMM	DIRECTOR OF SUI	8.00	Highest	$153,816	$12,942	$166,758
JASON PINTER	ASST DIRECTOR OF COMPLIANCE & IT	8.00	Highest	$143,978	$35,673	$179,651
WILLIAM KAHLE	FORMER DIRECTOR OF FINANCE	8.00		$147,915	$30,550	$178,465

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	$126,274,416	$96,993,925	$303,216,188	$29,280,491
2022	$101,872,999	$98,405,549	$273,617,077	$3,467,450
2021	$113,404,286	$99,694,961	$270,074,908	$13,709,325
2020	$115,107,366	$108,421,742	$256,024,783	$6,685,624
2019	$128,628,743	$131,287,033	$251,002,265	$-2,658,290
2018	$126,562,363	$142,666,430	$253,766,328	$-16,104,067

NEW JERSEY PROPERTY - LIABILITY INSURANCE GUARANTY ASSOCIATION