NEW JERSEY CHAMBER OF COMMERCE FOUNDATION INC (EIN 223490986) - 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

1996

Legal Domicile

Principal Officer

DONNA CUSTARD

Phone

6099897888

Tax Period

2024-07-01 to 2025-06-30

NEW JERSEY CHAMBER OF COMMERCE FOUNDATION INC, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $870K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring.

Mission

THE FOUNDATION'S MISSION IS TO SUPPORT CURRENT AND FUTURE MEMBERS OF THE WORKFORCE IN BECOMING GLOBALLY COMPETITIVE, SUCCESSFUL MEMBERS OF SOCIETY AND TO FUEL NEW JERSEY'S ECONOMY BY SUSTAINING A QUALIFIED WORKFORCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $774,495

Program Service Revenue $65,000

Investment Income $29,750

Other Revenue $397

TOTAL REVENUE $869,642

Expense Breakdown

Grants Paid $3,663

Salaries & Benefits $609,345

Fundraising Expenses $0

Program Expenses $735,886

Other Expenses $310,991

TOTAL EXPENSES $923,999

Year-over-Year Comparison

	2024	2023	Change
Revenue	$869,642	$1,206,981	-0.3%
Expenses	$923,999	$907,623	+0.0%
Net Income	$-54,357	$299,358	-1.2%

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

135

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

$966,932

Total Directors

$528,455

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS BRACKEN	TREASURER	0.50	Officer Director	$0	$25,430	$528,455
DR ALI HOUSHMAND	CHAIRMAN	0.50	Officer Director	$0	$0	$0
WALTER J BRASCH CPA	TRUSTEE	0.50	Director	$0	$0	$0
LISA CHOWANSKY	TRUSTEE	0.50	Director	$0	$0	$0
GARY C DAHMS	TRUSTEE	0.50	Director	$0	$0	$0
SAMUEL L DONELSON	TRUSTEE	0.50	Director	$0	$0	$0
WILLIAM R HAGAMAN JR CPA	TRUSTEE	0.50	Director	$0	$0	$0
KIM HANEMANN	TRUSTEE	0.50	Director	$0	$0	$0
STEVE KLEIN	TRUSTEE	0.50	Director	$0	$0	$0
CHRISTOPHER M LEPRE	TRUSTEE	0.50	Director	$0	$0	$0
GIL MEDINA	TRUSTEE	0.50	Director	$0	$0	$0
DOUG MOKOID	TRUSTEE	0.50	Director	$0	$0	$0
BRAXTON PLUMMER	TRUSTEE	0.50	Director	$0	$0	$0
MIKE REAGAN	TRUSTEE (UNTIL JUNE 2025)	0.50	Director	$0	$0	$0
DR STEVEN M ROSE	TRUSTEE (UNTIL JUNE 2025)	0.50	Director	$0	$0	$0
DENNIS M TOFT	TRUSTEE	0.50	Director	$0	$0	$0
DIANE WASSER	TRUSTEE	0.50	Director	$0	$0	$0
DENNIS G WILSON	TRUSTEE (UNTIL JUNE 2025)	0.50	Director	$0	$0	$0
TED ZANGARI ESQ	TRUSTEE	0.50	Director	$0	$0	$0
DONNA CUSTARD	PRESIDENT	40.00	Officer	$0	$27,586	$187,646
SANDRA GLOVER-STROTHERS	EXECUTIVE DIRECTOR, JAG NJ	40.00	Officer	$0	$29,053	$148,008
JENNIFER STEGERS	ACCOUNTING MANAGER	40.00	Officer	$0	$27,971	$102,823

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	$869,642	$923,999	$958,336	$-54,357
2024	$1,206,981	$907,623	$1,034,938	$299,358
2023	$1,011,722	$716,038	$715,842	$295,684
2022	$381,053	$430,066	$380,210	$-49,013
2021	$436,699	$491,168	$436,538	$-54,469
2020	$392,941	$489,214	$534,152	$-96,273
2019	$420,414	$565,369	$431,900	$-144,955
2018	$560,364	$517,890	$566,089	$42,474

NEW JERSEY CHAMBER OF COMMERCE FOUNDATION INC