ALZHEIMER'S NEW JERSEY INC (EIN 222603592) - 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

1985

Legal Domicile

Principal Officer

KAREN DAVIS-FARAGE

Phone

9735864300

Tax Period

2024-07-01 to 2025-06-30

ALZHEIMER'S NEW JERSEY INC, founded in 1985, is a community nonprofit in the Health Care sector that reported $1.7M in total revenue in fiscal year 2024. Expenses of $1.9M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO RESPOND TO THE NEEDS OF PEOPLE IN NEW JERSEY WHO ARE AFFECTED BY ALZHEIMER'S DISEASE AND OTHER DEMENTIAS, BY PROVIDING PROGRAMS AND COMMUNITY PARTNERSHIPS THAT INCREASE AWARENESS AND ACCESS TO SERVICES.

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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 $1,478,976

Program Service Revenue $0

Investment Income $334,944

Other Revenue $-117,682

TOTAL REVENUE $1,696,238

Expense Breakdown

Grants Paid $236,000

Salaries & Benefits $1,064,102

Fundraising Expenses $404,005

Program Expenses $1,433,118

Other Expenses $588,155

TOTAL EXPENSES $1,888,257

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,696,238	$1,773,089	0.0%
Expenses	$1,888,257	$2,150,324	-0.1%
Net Income	$-192,019	$-377,235	-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

200

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

$175,652

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON ALGURAM ESQ	DIRECTOR	1.00	Director	$0	$0	$0
MARYELLEN FORD-ELLIOTT	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT GOLDSMITH ESQ	DIRECTOR	1.00	Director	$0	$0	$0
MEREDITH L GROCOTT ESQ	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KURAK ESQ	DIRECTOR	1.00	Director	$0	$0	$0
STUART RUBIN DMD	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY T APTER MD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL FERRARO CPA	DIRECTOR	1.00	Director	$0	$0	$0
BEN PICKERING	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY M SMITH	DIRECTOR	1.00	Director	$0	$0	$0
KAREN DAVIS-FARAGE	CHAIR	2.00	Officer Director	$0	$0	$0
DONALD F MOKRAUER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TRACEY WOLFMAN RN	SECRETARY	1.00	Officer Director	$0	$0	$0
ANDY VITALE	TREASURER	1.00	Officer Director	$0	$0	$0
KENNETH C ZAENTZ	PRESIDENT & CEO	40.00	Officer	$150,137	$25,515	$175,652
PATRICIA LOMBREGLIA	SPECIAL PROJECTS DIRECTOR	25.00	Highest	$134,484	$5,200	$139,684
PAMELA MARUSIC	SENIOR DIRECTOR OF COMMUNITY ENGA	40.00	Highest	$112,188	$4,281	$116,469

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	$1,696,238	$1,888,257	$11,252,381	$-192,019
2024	$1,773,089	$2,150,324	$10,799,371	$-377,235
2023	$2,140,258	$2,077,365	$9,976,546	$62,893
2022	$2,195,607	$2,196,840	$9,403,130	$-1,233
2021	$4,259,184	$1,960,785	$11,503,779	$2,298,399
2020	$2,547,873	$2,165,412	$8,957,158	$382,461
2019	$2,109,471	$2,189,054	$8,699,800	$-79,583
2018	$2,232,835	$2,289,304	$8,683,866	$-56,469

ALZHEIMER'S NEW JERSEY INC