BASKING RIDGE, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW JERSEY SURPLUS LINES INSURANCE GUARANTY FUND, founded in 1984, is a small nonprofit that reported $347K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $286K, a strong 82% operating margin.
NJSLIGF WAS CREATED BY NJSA 17:22-6.70 ET SEQ. THIS STATUTE ESTABLISHES A MECHANISM FOR THE PAYMENT OF "COVERED CLAIMS" OF INSOLVENT SURPLUS LINES INSURANCE COMPANIES. IT HAS BEEN FUNDED THROUGH A ONE-TIME ASSESSMENT OF ELIGIBLE SURPLUS LINES INSURERS THROUGH JULY 21, 2011, AS WELL AS A SURCHARGE ON POLICY PREMIUMS, WHICH HAS NOT BEEN ACTIVATED SINCE AUGUST 1993.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $346,856 | $482,063 | -0.3% |
| Expenses | $60,764 | $52,113 | +0.2% |
| Net Income | $286,092 | $429,950 | -0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DAVID RACZENBECK | TRUSTEE - DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| JESSICA SCHLEE-GILBERT | 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 |
| JOSEPH DELLAFERA | CHIEF EXECUTIVE OFFICER | 0.00 |
Officer
|
$0 | $34,369 | $330,714 |
| FRANK ROTELLA | DIRECTOR OF FINANCE | 0.00 |
Officer
|
$0 | $11,710 | $150,189 |
| TRISH YOUNG | DIRECTOR OF OPERATIONS | 0.00 |
Officer
|
$0 | $15,348 | $196,667 |
| MICHAEL ROMEO | DIRECTOR OF CLAIMS | 0.00 |
Officer
|
$0 | $28,293 | $210,685 |
| RONALD CHESS | DIR. OF COMPLIANCE & IT | 0.00 |
Officer
|
$0 | $36,410 | $228,700 |
| CHRISTOPHER LOWE | GENERAL COUNSEL | 0.00 |
Officer
|
$0 | $3,346 | $43,040 |
| MONICA WILKES | DIRECTOR OF HUMAN RESOURCES | 0.00 |
Officer
|
$0 | $25,323 | $172,546 |
| JASON PINTER | ASST DIR OF COMPLIANCE & IT | 0.00 |
Highest
|
$0 | $39,042 | $192,903 |
| NICHOLAS HAMM | DIRECTOR OF SIU | 0.00 |
Highest
|
$0 | $12,527 | $171,793 |
| RENAN BESIDO | DEPUTY DIRECTOR OF CLAIMS | 0.00 |
Highest
|
$0 | $31,459 | $188,539 |
| KENNETH MOELLER | ASST GENERAL COUNSEL | 0.00 |
Highest
|
$0 | $13,551 | $171,884 |
| THOMAS ANTOLA | SOFTWARE DEVELOP. MANAGER | 0.00 |
Highest
|
$0 | $30,110 | $189,350 |
| LORI CONNORS | SPECIAL COUNSEL | 0.00 |
|
$0 | $35,282 | $268,249 |
| WILLIAM KAHLE | SPECIAL PROJECTS COORDINATOR | 0.00 |
|
$0 | $28,554 | $147,254 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $346,856 | $60,764 | $8,786,220 | $286,092 |
| 2023 | $482,063 | $52,113 | $8,497,664 | $429,950 |
| 2022 | $69,463 | $51,818 | $8,063,509 | $17,645 |
| 2021 | $74,455 | $56,508 | $8,049,354 | $17,947 |
| 2020 | $117,088 | $42,522 | $8,026,433 | $74,566 |
| 2019 | $1,116,575 | $145,796 | $7,951,851 | $970,779 |
| 2018 | $2,956,141 | $117,139 | $6,989,245 | $2,839,002 |
Compare NEW JERSEY SURPLUS LINES INSURANCE GUARANTY FUND with other nonprofits in New Jersey and across the country.