INDEPENDENT ENERGY PRODUCERS OF NJ (EIN 223213406) - 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

STEVE GABEL

Tax Period

2023-10-01 to 2024-09-30

INDEPENDENT ENERGY PRODUCERS OF NJ, founded in 1990, is a micro nonprofit that reported $69K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $77K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO CREATE AND PRESERVE A REGULATORY CLIMATE IN WHICH A COMPETITIVE ENVIRONMENTALLY RESPONSIBLE AND PROFITABLE INDEPENDENT ELECTRIC ENERGY INDUSTRY FLOURISHES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $68,900

Investment Income $0

Other Revenue $0

TOTAL REVENUE $68,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $67,149

Other Expenses $76,626

TOTAL EXPENSES $76,626

Year-over-Year Comparison

	2023	2022	Change
Revenue	$68,900	$121,300	-0.4%
Expenses	$76,626	$148,384	-0.5%
Net Income	$-7,726	$-27,084	-0.7%

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

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
VICTOR CHARLEMAGNE	DIRECTOR	N/A	Director	$0	$0	$0
WHITNEY DREW	DIRECTOR	N/A	Director	$0	$0	$0
DEREK FURSTENWERTH	DIRECTOR	N/A	Director	$0	$0	$0
THOMAS HOATSON	DIRECTOR	N/A	Director	$0	$0	$0
STEVE GABEL	EXECUTIVE DI	N/A	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	$68,900	$76,626	No data	$-7,726
2023	$121,300	$148,384	$7,726	$-27,084
2022	$162,817	$173,939	$34,810	$-11,122
2021	$167,400	$208,278	$45,932	$-40,878
2020	$239,095	$259,407	$86,810	$-20,312
2019	$264,236	$294,568	$107,122	$-30,332

INDEPENDENT ENERGY PRODUCERS OF NJ