NEW JERSEY TURFGRASS FOUNDATION INC

EIN: 223270805 501(c)(3) Education

WAYNE, NJ

Total Revenue
$197,346
Total Expenses
$169,832
Total Assets
$3,110,802
Net Assets
$3,110,802
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
NJ
Principal Officer
CECE PEABODY
Phone
9738126467
Tax Period
2024-10-01 to 2025-09-30

NEW JERSEY TURFGRASS FOUNDATION INC, founded in 1993, is a small nonprofit in the Education sector that reported $197K in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $170K left a modest 14% surplus.

Mission

TO RAISE FUNDS THAT WILL DIRECTLY OR INDIRECTLY SUPPORT THE GOALS OF THE NEW JERSEY TURFGRASS ASSOCIATION AND THE WORK OF THE RUTGERS CENTER FOR TURFGRASS SCIENCE.

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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 $2,829
Program Service Revenue $0
Investment Income $67,984
Other Revenue $126,533
TOTAL REVENUE $197,346

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $8,845
Program Expenses $121,178
Other Expenses $169,832
TOTAL EXPENSES $169,832

Year-over-Year Comparison

2024 2023 Change
Revenue $197,346 $364,548 -0.5%
Expenses $169,832 $311,184 -0.5%
Net Income $27,514 $53,364 -0.5%
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
8
Independent Members
8
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
2
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHAUN BARRY TRUSTEE 2.00
Director
$0 $0 $0
CHRIS CARSON TRUSTEE 2.00
Director
$0 $0 $0
LEE KOZSEY TRUSTEE 2.00
Director
$0 $0 $0
KEITH KUBIK PAST PRESIDE 2.00
Director
$0 $0 $0
MARK KUHNS TRUSTEE 2.00
Director
$0 $0 $0
JASON OSTERHOUDT VICE PRESIDE 2.00
Director
$0 $0 $0
CECE PEABODY SECRETARY 2.00
Officer Director
$0 $0 $0
MATTHEW SWEATLOCK TREASURER 2.00
Officer 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
2025 $197,346 $169,832 $3,110,802 $27,514
2024 $364,548 $311,184 $2,924,615 $53,364
2023 $510,118 $298,641 $2,548,339 $211,477
2022 $348,489 $199,061 $2,301,071 $149,428
2021 $338,085 $206,358 $2,673,708 $131,727
2020 $101,386 $82,830 $2,315,344 $18,556
2019 $245,569 $95,927 $2,027,334 $149,642
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