Northeast Organic Farming Association of New Jersey Inc (EIN 223043823) - 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

1986

Legal Domicile

Principal Officer

Devin Cornia

Phone

9083711111

Tax Period

2024-07-01 to 2025-06-30

Northeast Organic Farming Association of New Jersey Inc, founded in 1986, is a small nonprofit that reported $937K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $184K, a strong 20% operating margin.

Mission

NOFA-NJ is an Association of consumers, farmers and gardeners, creating a regionally based organic agricultural system which is economically viable.

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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 $841,777

Program Service Revenue $76,598

Investment Income $-350

Other Revenue $18,848

TOTAL REVENUE $936,873

Expense Breakdown

Grants Paid $0

Salaries & Benefits $343,506

Fundraising Expenses $30,916

Program Expenses $550,910

Other Expenses $409,588

TOTAL EXPENSES $753,094

Year-over-Year Comparison

	2024	2023	Change
Revenue	$936,873	$1,423,846	-0.3%
Expenses	$753,094	$844,580	-0.1%
Net Income	$183,779	$579,266	-0.7%

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

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

$82,942

Total Directors

$1,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Devin Cornia	Executive Dir.	40.00	Officer	$81,192	$0	$81,192
Nagisa Manabe	Land Access Coordinator	20.00		$43,200	$0	$43,200
Jared Krawitz	Treasurer	1.00	Officer Director	$1,750	$0	$1,750
Cali Alexander	Director	1.00	Director	$0	$0	$0
Melanie Ganzman	Director	1.00	Director	$0	$0	$0
Jacqueline Ricotta	Director	1.00	Director	$0	$0	$0
Tomia McQueen	Director	1.00	Director	$0	$0	$0
Kim Rizk	Director	1.00	Director	$0	$0	$0
Alan Johnson	Vice President	1.50	Officer Director	$0	$0	$0
Stephanie Harris	Secretary	1.50	Officer Director	$0	$0	$0
James Klett	Director	1.00	Director	$0	$0	$0
Michael Rassweiler	President	2.00	Officer Director	$0	$0	$0
Lana Mustafa	Director	1.00	Director	$0	$0	$0
Meredith Melendez	Director	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	$936,873	$753,094	$1,032,955	$183,779
2024	$1,423,846	$844,580	$857,066	$579,266
2023	$323,839	$286,831	$226,305	$37,008
2022	$353,560	$365,894	$248,740	$-12,334
2021	$174,348	$168,168	$224,618	$6,180
2020	$177,872	$150,405	$217,671	$27,467
2019	$199,735	$161,836	$204,732	$37,899
2018	$192,803	$169,208	$157,305	$23,595

Northeast Organic Farming Association of New Jersey Inc