NEW JERSEY SELF-INSURERS GUARANTY ASSOCIATION (EIN 223329794) - 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

RALPH A ANGELO

Phone

6094972338

Tax Period

2025-01-01 to 2025-12-31

NEW JERSEY SELF-INSURERS GUARANTY ASSOCIATION, founded in 1993, is a community nonprofit in the Community Improvement sector that reported $3.0M in total revenue in fiscal year 2025. The organization ran a surplus of $2.3M, a strong 77% operating margin.

Mission

THE ASSOCIATION WAS CREATED BY THE NEW JERSEY STATE LEGISLATURE TO ISSUE WORKERS' COMPENSATION BENEFITS TO EMPLOYEES OF INSOLVENT SELF INSURED EMPLOYERS WHO HAVE COVERED CLAIMS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,917,114

Investment Income $83,163

Other Revenue $0

TOTAL REVENUE $3,000,277

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,776

Fundraising Expenses $0

Program Expenses $675,215

Other Expenses $560,439

TOTAL EXPENSES $675,215

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,000,277	$2,864,918	+0.0%
Expenses	$675,215	$3,712,660	-0.8%
Net Income	$2,325,062	$-847,742	-3.7%

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

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

$106,290

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA MICHAEL-ZIEREIS	CHAIRPERSON/DIRECTOR	3.00	Officer Director	$0	$0	$0
JAMES C KNICOS	TREASURER/DIRECTOR	3.00	Officer Director	$0	$0	$0
HONORA C MCGINN	SECRETARY/DIRECTOR	3.00	Officer Director	$0	$0	$0
LAWRENCE J HOLT	DIRECTOR	3.00	Director	$0	$0	$0
WAYNE KLOKIS	DIRECTOR	3.00	Director	$0	$0	$0
RALPH A ANGELO	EXECUTIVE DIRECTOR	35.00	Officer	$106,290	$0	$106,290

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	$3,000,277	$675,215	$5,773,872	$2,325,062
2024	$2,864,918	$3,712,660	$4,474,203	$-847,742
2023	$2,676,467	$2,454,349	$4,159,334	$222,118
2022	$2,254,119	$1,134,568	$3,687,206	$1,119,551
2021	$2,337,848	$6,909,648	$3,646,090	$-4,571,800
2020	$37,434	$956,493	$3,270,395	$-919,059
2019	$217,909	$613,730	$3,608,963	$-395,821
2018	$68,894	$520,553	$4,660,105	$-451,659

NEW JERSEY SELF-INSURERS GUARANTY ASSOCIATION