NJEA FREDERICK L HIPP FOUNDATION FOR EXCELLENCE IN EDUCATION (EIN 223277861) - 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

SEAN M SPILLER

Phone

6095994561

Tax Period

2023-09-01 to 2024-08-31

NJEA FREDERICK L HIPP FOUNDATION FOR EXCELLENCE IN EDUCATION, founded in 1993, is a small nonprofit in the Employment sector that reported $289K in total revenue in fiscal year 2023. The organization ran a surplus of $178K, a strong 62% operating margin.

Mission

THE FOUNDATION WAS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, TO ADVANCE AND IMPROVE THE QUALITY OF EDUCATION AND THE TEACHING PROFESSION IN NEW JERSEY THROUGH THE STUDY, CREATION AND FUNDING OF INNOVATIVE PROGRAMS OR PROJECTS WHICH WILL FURTHER EDUCATIONAL AND INSTRUCTIONAL EXCELLENCE.

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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 $63,240

Program Service Revenue $0

Investment Income $228,120

Other Revenue $-2,807

TOTAL REVENUE $288,553

Expense Breakdown

Grants Paid $62,577

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $62,577

Other Expenses $47,782

TOTAL EXPENSES $110,359

Year-over-Year Comparison

	2023	2022	Change
Revenue	$288,553	$302,275	0.0%
Expenses	$110,359	$135,187	-0.2%
Net Income	$178,194	$167,088	+0.1%

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

$1,372,314

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT M LAMORTE	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
FRANCISCO C BARQUIN	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
BRENDA BRATHWAITE	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
ESTHER A FLETCHER	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
LAURIE T GIBSON-PARKER	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
TAMMI J LEE	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
COLLEEN C GILMARTIN	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
CHRISTINE SAMPSON-CLARK	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
MARIE K BATTIST-ROCK	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
RICHARD F D'AVANZO	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
MICHAEL E FRANK	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
TAMARA Y BEATTY	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
THERESA L FULLER	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
TEMIKA LANGSTON-MYERS	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
RONALD F GRECO	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
JENNFIER HERRICK	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
RYAN GRIFFIN	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
CARLA MANCUSO	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
TARSHA LAWSON	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
MARCO A MARTINEZ	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
DAWN A NICHOL-MANNING	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
SUSAN MCBRIDE	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
PETER J MORAN	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
BARBARA B RHEAULT	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
SUSAN R VALA	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
LISA M SIMONE	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
MELISSA TOMLINSON	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
JOAN M WRIGHT	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
ASHANTI T RANKIN	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
STACY A YANKO	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
BIANCA M NICOLESCU	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
LOIS YUKNA	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
KERRI LEE FARRELL	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
AMY L SALINGER	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
STEVEN KOUMOULIS	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
LAURIE A O'BRIEN	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
MARK RICHARDS	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
MATTHEW R YURO	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
SEAN M SPILLER	PRESIDENT	2.00	Officer	$0	$195,157	$577,305
STEVE BEATTY	VICE PRESIDENT	2.00	Officer	$0	$151,655	$440,098
PETAL T ROBERTSON	SECRETARY-TREASURER	2.00	Officer	$0	$71,736	$354,911

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	$288,553	$110,359	$5,153,867	$178,194
2023	$302,275	$135,187	$4,439,639	$167,088
2022	$726,288	$73,609	$4,144,861	$652,679
2021	$298,130	$51,326	$4,602,399	$246,804
2020	$341,574	$110,846	$3,827,336	$230,728
2019	$373,533	$115,281	$3,507,540	$258,252
2018	$330,989	$124,746	$3,544,877	$206,243

NJEA FREDERICK L HIPP FOUNDATION FOR EXCELLENCE IN EDUCATION