NEW JERSEY AUTOMOBILE INSURANCE PLAN (EIN 223182137) - 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

Phone

4019462310

Tax Period

2024-01-01 to 2024-12-31

NEW JERSEY AUTOMOBILE INSURANCE PLAN, founded in 1992, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024.

Mission

To make personal private passenger automobile insurance coverage available for automobiles owned or operated by qualified applicants.

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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 $1,160,518

Investment Income $6,024

Other Revenue $0

TOTAL REVENUE $1,166,542

Expense Breakdown

Grants Paid $0

Salaries & Benefits $633,714

Fundraising Expenses $0

Other Expenses $584,243

TOTAL EXPENSES $1,217,957

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,166,542	$1,126,756	+0.0%
Expenses	$1,217,957	$1,190,935	+0.0%
Net Income	$-51,415	$-64,179	-0.2%

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

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
N/A	Gov Comm Member	1.00	Director	$0	$0	$0
N/A	Gov Comm Member	1.00	Director	$0	$0	$0
N/A	Gov Comm Member	1.00	Director	$0	$0	$0
N/A	Gov Comm Member	1.00	Director	$0	$0	$0
N/A	Gov Comm Member	1.00	Director	$0	$0	$0
Ronald Gansfuss	Gov Comm Member	1.00	Director	$0	$0	$0
N/A	Gov Comm Member	1.00	Director	$0	$0	$0
N/A	Gov Comm Member	1.00	Director	$0	$0	$0
David Kleinwaks	Gov Comm Member	1.00	Director	$0	$0	$0
N/A	Gov Comm Member	1.00	Director	$0	$0	$0
William Vowteras	Gov Comm Member	1.00	Director	$0	$0	$0
N/A	Gov Comm Member	1.00	Director	$0	$0	$0
AnneMarie Westerfield	Gov Comm Member	1.00	Director	$0	$0	$0
Michael DeStasio Jr	Gov Comm Member	1.00	Director	$0	$0	$0
N/A	Gov Comm Member	1.00	Director	$0	$0	$0
N/A	Gov Comm Member	1.00	Director	$0	$0	$0
David Strout	Gov Comm Member	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	$1,166,542	$1,217,957	$524,509	$-51,415
2023	$1,126,756	$1,190,935	$600,067	$-64,179
2022	$1,088,244	$989,360	$652,176	$98,884
2021	$1,108,772	$1,022,882	$319,020	$85,890
2020	$1,190,682	$1,020,649	$346,143	$170,033
2019	$1,199,921	$1,059,250	$324,512	$140,671

NEW JERSEY AUTOMOBILE INSURANCE PLAN