NJ STATE FMBA FOUNDATION INC (EIN 223596208) - 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

1998

Legal Domicile

Principal Officer

EDWIN DONNELLY PRES

Phone

7324999250

Tax Period

2024-07-01 to 2025-06-30

NJ STATE FMBA FOUNDATION INC, founded in 1998, is a small nonprofit in the Education sector that reported $169K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $214K exceeded revenue, resulting in a 27% operating deficit.

Mission

THE ORGANIZATION WAS FORMED FOR THE SOLE PURPOSE OF HAVING OTHER WORTHY ORGANIZATIONS OR INDIVIDUALS BENEFIT FROM BOTH CHARITABLE FINANCIAL ASSISTANCE AND DONATIONS OF MEMBERS' TIME AND EFFORT REGARDLESS OF RACE, RELIGION OR GENDER.

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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 $178,411

Program Service Revenue $0

Investment Income $104

Other Revenue $-9,824

TOTAL REVENUE $168,691

Expense Breakdown

Grants Paid $106,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $209,261

Other Expenses $107,317

TOTAL EXPENSES $214,067

Year-over-Year Comparison

	2024	2023	Change
Revenue	$168,691	$267,355	-0.4%
Expenses	$214,067	$257,637	-0.2%
Net Income	$-45,376	$9,718	-5.7%

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

N/A

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

$196,200

Total Directors

$220,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWIN DONNELLY	PRESIDENT	2.00	Officer Director	$0	$0	$83,700
WAYNE WOLK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$40,200
TROY POWELL	TREASURER	2.00	Officer Director	$0	$0	$53,700
CHRIS ESPOSITO	SECRETARY	1.00	Officer Director	$0	$0	$18,600
SHARIF JENNINGS	TRUSTEE	0.50	Director	$0	$0	$5,100
KENNETH NEWMAN	TRUSTEE	0.50	Director	$0	$0	$5,100
WILLIAM PELLETTIERE	TRUSTEE	0.50	Director	$0	$0	$3,600
HERSHEL RAWLS IV	TRUSTEE	0.50	Director	$0	$0	$5,100
RYAN TROIANO	TRUSTEE	0.50	Director	$0	$0	$5,100

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	$168,691	$214,067	$65,813	$-45,376
2024	$267,355	$257,637	$108,634	$9,718
2023	$137,314	$148,163	$98,916	$-10,849
2020	$159,332	$110,077	$98,966	$49,255
2018	$258,921	$241,749	$106,055	$17,172

NJ STATE FMBA FOUNDATION INC