NEW JERSEY SEEDS INC (EIN 223181507) - 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

1992

Legal Domicile

Principal Officer

JOHN CASTANO

Phone

9736426422

Tax Period

2024-09-01 to 2025-08-31

NEW JERSEY SEEDS INC, founded in 1992, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $5.5M exceeded revenue, resulting in a 24% operating deficit.

Mission

NEW JERSEY SEEDS (SCHOLARS, EDUCATORS, EXCELLENCE, DEDICATION, SUCCESS) IS A NONPROFIT ORGANIZATION THAT PREPARES MOTIVATED, HIGH-ACHIEVING, LOW-INCOME STUDENTS FOR ADMISSION TO PRIVATE SCHOOLS AND COLLEGES ACROSS THE COUNTRY. OUR PROGRAMS PROVIDES A DEMANDING COURSE OF STUDY DESIGNED TO DEVELOP THE INTELLECTUAL AND LEADERSHIP POTENTIAL OF OUR STUDENTS AND PREPARE THEM FOR LONG-TERM SUCCESS.

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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 $4,323,645

Program Service Revenue $0

Investment Income $166,457

Other Revenue $-64,705

TOTAL REVENUE $4,425,397

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,138,246

Fundraising Expenses $1,169,256

Program Expenses $3,581,575

Other Expenses $2,352,590

TOTAL EXPENSES $5,490,836

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,425,397	$7,574,872	-0.4%
Expenses	$5,490,836	$4,905,006	+0.1%
Net Income	$-1,065,439	$2,669,866	-1.4%

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

125

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

$369,542

Total Directors

$369,542

Key Employees

$209,371

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY OKUN	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN F CASTANO	PRESIDENT AND CEO	40.00	Officer Director	$334,601	$34,941	$369,542
POLLY PALUMBO	CHAIR	1.00	Officer Director	$0	$0	$0
EMMANUEL BELLO	BOARD MEMBER	1.00	Director	$0	$0	$0
TRICIA BRENTJENS M D	BOARD MEMBER	1.00	Director	$0	$0	$0
CRYSTAL BROUSSARD M D	BOARD MEMBER	1.00	Director	$0	$0	$0
SOLEIO CUERVO	BOARD MEMBER	1.00	Director	$0	$0	$0
LAUREN FASOLO	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB GREIFELD	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID KWON	BOARD MEMBER	1.00	Director	$0	$0	$0
VINCENT LIMA	BOARD MEMBER	1.00	Director	$0	$0	$0
ROHIT AGGARWAL	BOARD MEMBER	1.00	Director	$0	$0	$0
VIVIANA TORRES	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBIN OXENDINE	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROL PAK-TENG	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVION LOUIS	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG ROTATORI	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN R STERLING	BOARD MEMBER	1.00	Director	$0	$0	$0
ANJU THOMAS PH D	BOARD MEMBER	1.00	Director	$0	$0	$0
TAD ROSELUND	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY ZIEBARTH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANDREW J THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSELYN JARAMILLO	BOARD MEMBER	1.00	Director	$0	$0	$0
JON MASLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARGARET WAGER	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW WERBEL	BOARD MEMBER	1.00	Director	$0	$0	$0
COLLEEN YANEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL FLETCHER	CHIEF OF STAFF	40.00	Officer	$0	$0	$0
ANDREW HOGE	VICE PRESIDENT	40.00	Key Emp	$171,447	$37,924	$209,371
CARLOS JIMENEZ	VICE PRESIDENT	40.00	Highest	$107,596	$1,383	$108,979
IMANI GILLIAM DEJESUS	VICE PRESIDENT	40.00	Highest	$105,071	$12,874	$117,945

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	$4,425,397	$5,490,836	$11,696,121	$-1,065,439
2024	$7,574,872	$4,905,006	$12,080,939	$2,669,866
2023	$3,111,932	$4,402,695	$8,785,928	$-1,290,763
2022	$3,879,789	$4,075,496	$8,876,146	$-195,707
2021	$4,336,044	$3,665,999	$10,460,527	$670,045
2020	$3,008,706	$3,426,701	$8,985,035	$-417,995
2019	$2,649,506	$3,877,264	$8,207,929	$-1,227,758
2018	$2,636,582	$3,976,098	$9,264,484	$-1,339,516

NEW JERSEY SEEDS INC