NJCPA EDUCATION FOUNDATION INC

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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

1991

Legal Domicile

Principal Officer

AIYSHA JOHNSON

Phone

9732264494

Tax Period

2024-06-01 to 2025-05-31

NJCPA EDUCATION FOUNDATION INC, founded in 1991, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 19% operating deficit.

Mission

THE MISSION OF THE NJCPA EDUCATION FOUNDATION IS TO FACILITATE THE ACQUISITION OF KNOWLEDGE AND SKILLS BY PROVIDING MEMBERS OF THE NEW JERSEY SOCIETY OF CPAS (SOCIETY OR NJCPA) AND THEIR STAFF WITH COST EFFECTIVE, HIGH QUALITY MARKET DRIVEN EDUCATIONAL SERVICES.

Program Service Accomplishments

Program 1

Expenses: $1,906,997 Revenue: $1,948,594

THE EDUCATION FOUNDATION PROVIDED EDUCATIONAL PROGRAMS TO OVER 21,000 PARTICIPANTS DURING THE FILING PERIOD, PROVIDING MORE THAN 40,000 CREDIT HOURS OF CONTINUING PROFESSIONAL EDUCATION (CPE). THIS WAS ACHIEVED THROUGH THE FOLLOWING COMPLIMENT OF PROGRAMS: 109 EXECUTIVE SEMINARS PRIMARILY ONEDAY PROGRAMS TARGETED AT CPAS IN PUBLIC PRACTICE 14 CONFERENCES AND SPECIAL EVENTS RANGING FROM BREAKFAST AND DINNER MEETINGS TO CONVENTIONS AND TRADE SHOWS 43 CHAPTER MEETINGS RANGING FROM BREAKFAST AND DINNER MEETINGS TO FULLDAY TAX AND ACCOUNTING PROGRAMS, AS WELL AS TRAINING IN NJ LAW AND ETHICS 3 ONSITE MEETINGS HALFDAY AND FULLDAY PROGRAMS DELIVERED AT THE OFFICES OF FIRMS AND COMPANIES 108 WEBINARS PRIMARILY TECHNICAL PROGRAMS, INCLUDING NJ LAW & ETHICS, DELIVERED VIA THE WEB THAT RANGE FROM ONE TO FOUR HOURS IN LENGTH.

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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 $1,948,594

Investment Income $54,617

Other Revenue $0

TOTAL REVENUE $2,003,211

Expense Breakdown

Grants Paid $118,015

Salaries & Benefits $1,034,292

Fundraising Expenses $0

Program Expenses $1,906,997

Other Expenses $1,232,884

TOTAL EXPENSES $2,385,191

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,003,211	$2,856,286	-0.3%
Expenses	$2,385,191	$2,640,615	-0.1%
Net Income	$-381,980	$215,671	-2.8%

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

299

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

$744,992

Total Directors

$351,416

Key Employees

$251,692

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AIYSHA JOHNSON	CEO & EXECUTIVE DIRECTOR	2.00	Officer Director	$9,681	$28,687	$351,416
EDWARD G O'CONNELL	PRESIDENT-IMMEDIATE PAST PRESIDENT	0.50	Officer Director	$0	$0	$0
JOHN M SZCZOMAK	PRESIDENT-ELECT	0.50	Officer Director	$0	$0	$0
JUNE M TOTH	PRESIDENT	1.00	Officer Director	$0	$0	$0
KATHERINE E ZECH	SECRETARY	0.30	Officer Director	$0	$0	$0
RALPH J EVANGELISTA	TREASURER	0.50	Officer Director	$0	$0	$0
GREG TONDI	DIR. OF FIN. & ADMIN	2.00	Officer	$12,310	$28,594	$182,466
JAMES L HARDENBERG	CHIEF LEARNING OFFICER	22.50	Officer	$99,647	$11,816	$211,110
THERESA HINTON	CHIEF OPERATING OFFICER	3.00	Key Emp	$15,816	$25,746	$251,692
DONALD MEYER	CHIEF MARKETING OFFICER	2.00	Highest	$10,850	$16,047	$233,058
JOSEPH M MIDDLETON	DIRECTOR OF INFORMATION TECHNOLOGY	10.00	Highest	$39,170	$36,613	$193,292
RACHAEL BELL	DIR. CONTENT & COMM.	2.00	Highest	$15,739	$26,283	$169,368

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	$2,003,211	$2,385,191	$2,709,819	$-381,980
2024	$2,856,286	$2,640,615	$3,211,779	$215,671
2023	$2,216,864	$2,288,835	$2,549,481	$-71,971
2022	$1,811,121	$1,674,719	$2,777,685	$136,402
2021	$2,185,008	$1,722,494	$2,504,575	$462,514
2020	$2,931,382	$3,368,708	$2,080,972	$-437,326
2019	$2,894,326	$3,251,358	$2,782,205	$-357,032
2018	$3,853,596	$3,587,620	$3,187,425	$265,976