NJSBGA TAX FILE

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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

1987

Legal Domicile

Principal Officer

Walter Sosa

Phone

9733836466

Tax Period

2024-07-01 to 2025-06-30

NJSBGA TAX FILE, founded in 1987, is a small nonprofit that reported $923K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $813K left a modest 12% surplus.

Mission

To promote the general welfare of the NJSBGA, educate and train the members, promote a spirit of fellowship among members and meet all current challenges within the organization.

Program Service Accomplishments

Program 1

Expenses: $319,000

Annual convention to educate members, promotion and stimulation of interest in and demand for the services of the school facility management industry.

Program 2

Expenses: $319,530

Promote general welfare and fellowship of members and meet current challenges within the organization and industry.

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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 $245

Program Service Revenue $682,830

Investment Income $10,280

Other Revenue $229,354

TOTAL REVENUE $922,709

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,602

Fundraising Expenses $0

Program Expenses $638,530

Other Expenses $743,993

TOTAL EXPENSES $812,595

Year-over-Year Comparison

	2024	2023	Change
Revenue	$922,709	$817,807	+0.1%
Expenses	$812,595	$660,630	+0.2%
Net Income	$110,114	$157,177	-0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Keith Gourlay	Executive Director	040.00	Director Key Emp	$0	$0	$0
Seth Cole	Local Pres Atlantic	002.00	Director	$0	$0	$0
Mario Cofini	Local Pres Bergen Passaic	002.00	Director	$0	$0	$0
Peter Temperino	Local Pres Burlington	002.00	Director	$0	$0	$0
Tim McFerren	Local Chapter Pres Secretary	002.00	Officer Director	$0	$0	$0
MIke Martino	Local Pres Central	002.00	Director	$0	$0	$0
Don Race	Local Pres Hunt Warren State Pre	002.00	Director	$0	$0	$0
Rocco Infante III	Local Pres Mercer	002.00	Director	$0	$0	$0
Ken Dioguardi	Local Pres Monmouth Ocean	002.00	Director	$0	$0	$0
Joe Carlson	Local Pres Northwest	002.00	Director	$0	$0	$0
Tom ODonnell	Vice President	002.00	Officer Director	$0	$0	$0
Walt Sosa	President Local Chapter Treasurer	008.00	Officer 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	$922,709	$812,595	$974,945	$110,114
2024	$817,807	$660,630	$863,906	$157,177
2023	$784,159	$551,672	$710,052	$232,487
2022	$566,386	$440,242	$469,376	$126,144
2021	$57,799	$119,330	$343,183	$-61,531
2020	$110,769	$117,234	$609,151	$-6,465
2019	$482,570	$417,368	$409,976	$65,202
2018	$495,933	$456,267	$347,349	$39,666