NEW JERSEY HEALTH AND SAFETY TRUST (EIN 223061467) - 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

1990

Legal Domicile

Principal Officer

MICHAEL E HELLSTROM

Phone

6098602858

Tax Period

2024-01-01 to 2024-12-31

NEW JERSEY HEALTH AND SAFETY TRUST, founded in 1990, is a community nonprofit in the Employment sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 109% from the prior year, signaling strong growth momentum. The organization ran a surplus of $509K, a strong 30% operating margin.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROMOTE AND IMPROVE THE HEALTH AND SAFETY OF ITS MEMBERS AND THEIR DEPENDENTS REPRESENTED BY THE LABORERS INTERNATIONAL UNION OF NORTH AMERICA AND ITS AFFILIATED UNIONS.

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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 $0

Program Service Revenue $1,469,600

Investment Income $249,872

Other Revenue $0

TOTAL REVENUE $1,719,472

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,209,989

TOTAL EXPENSES $1,209,989

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,719,472	$820,925	+1.1%
Expenses	$1,209,989	$878,757	+0.4%
Net Income	$509,483	$-57,832	-9.8%

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

N/A

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
MICHAEL E HELLSTROM	CO-CHAIRMAN	1.00	Officer Director	$0	$0	$0
JEFFREY WATERS	CO-CHAIRMAN	1.00	Officer Director	$0	$0	$0
JACK KOCSIS JR	TRUSTEE	1.00	Director	$0	$0	$0
CARL STYLES	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY CAPACCIO	TRUSTEE	1.00	Director	$0	$0	$0
DAVE RIBLE	TRUSTEE	1.00	Director	$0	$0	$0
PAUL ROLDAN	TRUSTEE	1.00	Director	$0	$0	$0
MARK HALL	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
2024	$1,719,472	$1,209,989	$3,549,305	$509,483
2023	$820,925	$878,757	$3,016,948	$-57,832
2022	$750,038	$862,027	$2,836,294	$-111,989
2021	$754,064	$624,676	$3,141,071	$129,388
2020	$821,898	$808,456	$2,996,961	$13,442
2019	$871,516	$840,150	$2,879,416	$31,366
2018	$813,248	$837,012	$2,731,399	$-23,764

NEW JERSEY HEALTH AND SAFETY TRUST