New Jersey Manufacturing Extension… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

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

STRENGTHEN MANUFACTURERS COMPETITIVENESS BY ENHANCING PRODUCTIVITY, PERFORMANCE AND PROFITABILITY. AS A TRUSTED ADVISOR TO NEW JERSEY MANUFACTURERS, WE LEVERAGE OUR STAFF AND RESOURCES TO HELP IDENTIFY AREAS OF IMPROVEMENT AND STREAMLINE PROCESSES.

Program Service Accomplishments

Program 1

Expenses: $8,279,313 Revenue: $3,621,154

Since 1996 NJMEP utilizing staff expertise and collaborative partnerships, enhances operational performance and productivity, drives new product development, market expansion, workforce development training and Certification Programs, and technology adoption for New Jersey's manufacturers.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$488,220

Total Directors

Key Employees

Highest Compensated

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
2025	No data	No data	No data	No data
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

New Jersey Manufacturing Extension Program Incorporated