New Jersey Manufacturing Extension Program Incorporated

EIN: 223495011 501(c)(3) Community Improvement

Cedar Knolls, NJ

Total Revenue
$10,789,544
Total Expenses
$11,040,733
Total Assets
$3,581,136
Net Assets
$1,906,049
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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
NJ
Principal Officer
Peter Connolly
Phone
9739989801
Tax Period
2024-01-01 to 2024-12-31

New Jersey Manufacturing Extension Program Incorporated, founded in 1996, is a mid-sized nonprofit in the Community Improvement sector that reported $10.8M in total revenue in fiscal year 2024.

Mission

TO IMPROVE THE PROFITABILITY AND COMPETITIVENESS ON NEW JERSEY'S MANUFACTURERS.

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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 $7,094,817
Program Service Revenue $3,621,154
Investment Income $73,573
Other Revenue $0
TOTAL REVENUE $10,789,544

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,264,548
Fundraising Expenses $0
Program Expenses $8,279,313
Other Expenses $5,776,185
TOTAL EXPENSES $11,040,733

Year-over-Year Comparison

2024 2023 Change
Revenue $10,789,544 $10,234,669 +0.1%
Expenses $11,040,733 $10,136,267 +0.1%
Net Income $-251,189 $98,402 -3.6%
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
16
Independent Members
16
Employees
54
Volunteers
16

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
5
$488,220
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER CONNOLLY PRESIDENT 40.0
Officer
$245,852 $41,040 $286,892
TORSTEN SCHIMANSKI Chief Strategy Officer 40.0
Highest
$210,000 $33,813 $243,813
ROBYN CASABONA SENIOR DIRECTOR OF FINANCE 40.0
Officer
$181,298 $20,030 $201,328
ANDREW DUDA DIRECTOR OF OPERATIONS 40.0
Highest
$157,254 $13,342 $170,596
DAVID VISALLI SENIOR ACCOUNT MANAGER 40.0
Highest
$129,139 $33,867 $163,006
STACY COOKE SENIOR ACCOUNT MANAGER 40.0
Highest
$141,533 $6,624 $148,157
STEPHANIE CASANO DIRECTOR -COMPLIANCE & QUALITY 40.0
Highest
$129,331 $14,304 $143,635
JOHN BAKER TREASURER 2.0
Officer Director
$0 $0 $0
HOWARD MCILVAINE CHAIR 2.0
Officer Director
$0 $0 $0
AMY ESKILSON TRUSTEE 1.0
Director
$0 $0 $0
MITCH CAHN TRUSTEE 1.0
Director
$0 $0 $0
DONALD SEBASTIAN TRUSTEE 1.0
Director
$0 $0 $0
VICTOR J SORDILLO TRUSTEE 1.0
Director
$0 $0 $0
DAX STROHMEYER TRUSTEE 1.0
Director
$0 $0 $0
GAIL FRIEDBERG ROTTENSTRICH TRUSTEE 1.0
Director
$0 $0 $0
CASEY MUENCH BICKHARDT TRUSTEE 1.0
Director
$0 $0 $0
IRINA RAPOPORT TRUSTEE 1.0
Director
$0 $0 $0
JAY BUDD TRUSTEE 1.0
Director
$0 $0 $0
ANDRE DIMINO TRUSTEE 1.0
Director
$0 $0 $0
ELLEN PIETROWITZ - PHILLIPS TRUSTEE 1.0
Director
$0 $0 $0
LAUREN MUFALLI TRUSTEE 1.0
Director
$0 $0 $0
JOSEPH STANZIONE TRUSTEE 1.0
Director
$0 $0 $0
SAL ANDERTON SECRETARY 1.0
Officer
$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 $10,789,544 $11,040,733 $3,581,136 $-251,189
2023 $10,234,669 $10,136,267 $4,380,378 $98,402
2022 $9,501,898 $9,587,935 $3,992,200 $-86,037
2021 $10,190,309 $9,715,605 $4,230,314 $474,704
2020 $7,167,120 $7,383,415 $3,396,685 $-216,295
2019 $7,720,556 $7,563,366 $2,890,213 $157,190
2018 $6,761,957 $6,594,174 $2,639,425 $167,783
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