NEW JERSEY TECHNOLOGY COUNCIL INC (EIN 223269507) - 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

1993

Legal Domicile

Principal Officer

Aaron Price

Phone

7324565700

Tax Period

2023-01-01 to 2023-12-31

NEW JERSEY TECHNOLOGY COUNCIL INC, founded in 1993, is a community nonprofit in the Community Improvement sector that reported $3.1M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $886K, a strong 29% operating margin.

Mission

To empower those who invent the future

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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 $377,500

Program Service Revenue $2,528,715

Investment Income $200,341

Other Revenue $0

TOTAL REVENUE $3,106,556

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,127,067

Fundraising Expenses $0

Program Expenses $2,220,924

Other Expenses $1,093,857

TOTAL EXPENSES $2,220,924

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,106,556	$2,541,459	+0.2%
Expenses	$2,220,924	$2,281,207	0.0%
Net Income	$885,632	$260,252	+2.4%

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

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

$423,663

Total Directors

$423,663

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Aaron Price	President	40.00	Officer Director	$423,663	$0	$423,663
Jasmine Hoffman	Head of Experience	40.00		$183,051	$0	$183,051
Jason Glickman	Managing Director	40.00		$125,072	$0	$125,072
Justin Murray	Director of PShips	40.00		$109,654	$0	$109,654
Andrew Gilbert	Secretary	1.00	Director	$0	$0	$0
Virginia Alling	Chairman	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	No data	No data	No data	No data
2023	$3,106,556	$2,220,924	$4,786,183	$885,632
2022	$2,541,459	$2,281,207	$4,198,636	$260,252
2021	$2,442,061	$1,721,566	$4,151,638	$720,495
2020	$1,118,029	$1,309,340	$3,206,640	$-191,311
2019	$2,189,839	$1,862,111	$3,758,831	$327,728
2018	$1,071,902	$1,176,040	$3,130,770	$-104,138

NEW JERSEY TECHNOLOGY COUNCIL INC