MORRIS CTY CORRECTIONS OFFICERS PBA 298

EIN: 223119313 Mutual Benefit

Morristown, NJ

Total Revenue
$135,237
Total Expenses
$121,418
Total Assets
$112,384
Net Assets
$112,384
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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
1997
Legal Domicile
NJ
Principal Officer
BOB JOHNSTON
Phone
9734284654
Tax Period
2024-01-01 to 2024-12-31

MORRIS CTY CORRECTIONS OFFICERS PBA 298, founded in 1997, is a small nonprofit in the Mutual Benefit sector that reported $135K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $121K left a modest 10% surplus.

Mission

FRANTERNAL BENEFICARY SOCIETY

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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 $135,237
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $135,237

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,087
Fundraising Expenses $0
Program Expenses $121,419
Other Expenses $113,331
TOTAL EXPENSES $121,418

Year-over-Year Comparison

2024 2023 Change
Revenue $135,237 $121,522 +0.1%
Expenses $121,418 $141,554 -0.1%
Net Income $13,819 $-20,032 -1.7%
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

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Governance

Voting Members
6
Independent Members
6
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE CHERECHES PRES 010.00
Officer
$0 $0 $0
ERIC BRAUNY VICE PRES 005.00
Officer
$0 $0 $0
JAMES WOLTMAN SEC 002.50
Officer
$0 $0 $0
JUSTIN SUNDOL TRES 007.00
Officer
$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 $135,237 $121,418 $112,384 $13,819
2023 $121,522 $141,554 $98,565 $-20,032
2022 $142,238 $153,729 $118,597 $-11,491
2021 $124,237 $133,646 $126,386 $-9,409
2020 $139,938 $126,587 $135,795 $13,351
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