NEW JERSEY SHARES INC

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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

1997

Legal Domicile

Principal Officer

CHERYL STOWELL

Phone

6098831478

Tax Period

2023-01-01 to 2023-12-31

NEW JERSEY SHARES INC, founded in 1997, is a community nonprofit in the Human Services sector that reported $6.0M in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE ASSISTANCE TO INDIVIDUALS AND FAMILIES IN NEED OF HELP IN MEETING THEIR ENERGY AND UTILITY BURDEN THROUGH ADVOCACY, COMMUNITY OUTREACH, EDUCATION, INFORMATION AND REFERRAL, AND TO CONNECT LOW AND MODERATE INCOME HOUSEHOLDS WITH AVAILABLE RESOURCES TO MEET THEIR ONGOING NEEDS.

Program Service Accomplishments

Program 1

Expenses: $1,304,899 Revenue: $2,207,040

PROVIDE STATEWIDE HEATING ASSISTANCE AND REFERRALS FOR ENERGY SERVICES, WATER BILL PAYMENT ASSISTANCE TO INDIVIDUALS AND FAMILIES LIVING IN NEW JERSEY WHO ARE IN NEED OF TEMPORARY HELP IN PAYING...

PROVIDE STATEWIDE HEATING ASSISTANCE AND REFERRALS FOR ENERGY SERVICES, WATER BILL PAYMENT ASSISTANCE TO INDIVIDUALS AND FAMILIES LIVING IN NEW JERSEY WHO ARE IN NEED OF TEMPORARY HELP IN PAYING THEIR ENERGY BILLS AND OUTREACH AND ENROLLMENT SERVICES FOR THE VERIZON COMMUNICATIONS LIFELINE.

Program 2

Expenses: $3,736,478

THE SMART PROGRAM PROVIDES CRITICAL FUNDING FOR RENT OR MORTGAGE ASSISTANCE TO INDIVIDUALS THAT ARE FACING EVICTION OR FORECLOSURE. THE PROGRAM IS DESIGNED TO ASSIST LOW-TO-MODERATE INCOME HOUSEHOLDS IN NEW JERSEY WITH A COMBINED TOTAL MONTHLY INCOME BETWEEN 0-80 PERCENT OF THE AREA MEDIAN INCOME FOR THE REGION. ELIGIBLE HOUSEHOLDS MAY THEN RECEIVE A ONE-TIME GRANT UP TO $5,000 TO AID WITH A MORTGAGE OR RENT PAYMENT.

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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 $3,701,495

Program Service Revenue $2,207,040

Investment Income $110,049

Other Revenue $-52,263

TOTAL REVENUE $5,966,321

Expense Breakdown

Grants Paid $3,497,764

Salaries & Benefits $1,548,359

Fundraising Expenses $178,082

Program Expenses $5,041,377

Other Expenses $771,400

TOTAL EXPENSES $5,817,523

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,966,321	$8,748,108	-0.3%
Expenses	$5,817,523	$8,516,687	-0.3%
Net Income	$148,798	$231,421	-0.4%

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

$471,702

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL STOWELL	CHIEF EXECUTIVE OFFICER	40.00	Officer	$261,773	$11,780	$273,553
MONICA GRYBOWSKI	DIRECTOR OF FINANCE	40.00	Officer	$172,216	$25,933	$198,149
JENNIFER LAZOR	ASSISTANT DIRECTOR	40.00	Highest	$105,250	$246	$105,496
JENNY DAVIS TOTH	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
ULISES DIAZ	1ST VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
KELLY MCBURNEY	2ND VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
JOHN SARTOR	TREASURER	2.00	Officer Director	$0	$0	$0
TIFFANY STEWART ESQ	SECRETARY	2.00	Officer Director	$0	$0	$0
CLAIRE BARTOLOMEO	BOARD MEMBER	2.00	Director	$0	$0	$0
ADAM BURGER	BOARD MEMBER	2.00	Director	$0	$0	$0
DEBORAH DAVIS	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES DIETERLE	BOARD MEMBER	2.00	Director	$0	$0	$0
LINDA FEGER	BOARD MEMBER	2.00	Director	$0	$0	$0
ALFRED GLASS	BOARD MEMBER	2.00	Director	$0	$0	$0
HEATHER GREEN	BOARD MEMBER	2.00	Director	$0	$0	$0
CHIP HALLOCK	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS JAMES	BOARD MEMBER	2.00	Director	$0	$0	$0
JANICE MIRONOV	BOARD MEMBER	2.00	Director	$0	$0	$0
SAMANTHA MYERS	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL NARDO	BOARD MEMBER	2.00	Director	$0	$0	$0
GARY PRETTYMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
DENISE VENUTI-FREE	BOARD MEMBER	2.00	Director	$0	$0	$0
JENNIFER P YOUNG	BOARD MEMBER	2.00	Director	$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	No data	No data	No data	No data
2023	$5,966,321	$5,817,523	$6,103,316	$148,798
2022	$8,748,108	$8,516,687	$6,353,092	$231,421
2021	$3,282,421	$3,710,292	$9,113,571	$-427,871
2020	$2,203,644	$2,417,268	$2,418,928	$-213,624
2019	$1,371,118	$2,478,801	$1,866,901	$-1,107,683
2018	$2,310,443	$3,148,276	$2,985,471	$-837,833