NEW JERSEY ASSOCIATION OF STATE COLLEGES & UNIVERSITIES

EIN: 222681317 501(c)(3)

TRENTON, NJ

Total Revenue
$339,091
Total Expenses
$403,249
Total Assets
$732,981
Net Assets
$706,376
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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
NJ
Principal Officer
JENNIFER KEYES-MALONEY
Phone
6099891100
Tax Period
2024-07-01 to 2025-06-30

NEW JERSEY ASSOCIATION OF STATE COLLEGES & UNIVERSITIES, founded in 1985, is a small nonprofit that reported $339K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $403K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO ADVOCATE FOR HIGHER EDUCATION AS A PUBLIC GOOD AND FOR THE COLLECTIVE VALUE OF THE STATE COLLEGES/UNIVERSITIES IN SERVING THE PUBLIC INTEREST AND THE STATE OF NEW JERSEY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $304,132
Program Service Revenue $0
Investment Income $34,424
Other Revenue $535
TOTAL REVENUE $339,091

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $302,438
Other Expenses $403,249
TOTAL EXPENSES $403,249

Year-over-Year Comparison

2024 2023 Change
Revenue $339,091 $312,915 +0.1%
Expenses $403,249 $383,660 +0.1%
Net Income $-64,158 $-70,745 -0.1%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
16

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
4
$138,326
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER KEYES-MALONEY EXECUTIVE DIRECTOR 35.00
Officer
$138,326 $0 $138,326
ADAM J SABATH CHAIR 1.00
Officer Director
$0 $0 $0
MADELEINE DEININGER CO-VICE CHAIR 1.00
Officer Director
$0 $0 $0
KEVIN DRENNAN CO-VICE CHAIR 1.00
Officer Director
$0 $0 $0
KEMI ALLI TRUSTEE THRU 12/24 1.00
Director
$0 $0 $0
DIANE CAMPBELL TRUSTEE AS OF 3/25 1.00
Director
$0 $0 $0
FREDERICK L GRUEL TRUSTEE 1.00
Director
$0 $0 $0
CARLOS LEJNIEKS TRUSTEE 1.00
Director
$0 $0 $0
LINDA LEWIS TRUSTEE 1.00
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
2025 $339,091 $403,249 $732,981 $-64,158
2024 $312,915 $383,660 $877,726 $-70,745
2023 $365,765 $465,341 $903,844 $-99,576
2022 $344,864 $471,585 $971,131 $-126,721
2021 $379,656 $642,616 $1,358,646 $-262,960
2020 $849,339 $857,294 $1,398,072 $-7,955
2019 $1,047,572 $845,495 $1,393,900 $202,077
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