Financial Planning Association of NJ (EIN 223606932) - Form 990 Financial Analysis & Trantor Score

🔒

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

1999

Legal Domicile

Principal Officer

Steven Bernknopf

Tax Period

2023-01-01 to 2023-12-31

Financial Planning Association of NJ, founded in 1999, is a small nonprofit that reported $142K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $194K exceeded revenue, resulting in a 37% operating deficit.

Mission

FPA of NJ is the voice and the premier resource to the public and our members on the financial planning profession. We strive to educate the public, advance the financial planning profession and to enhance the professional development of our members.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $115,029

Program Service Revenue $21,283

Investment Income $5,545

Other Revenue $0

TOTAL REVENUE $141,857

Expense Breakdown

Grants Paid $4,500

Salaries & Benefits $81,350

Fundraising Expenses $4,067

Program Expenses $160,896

Other Expenses $107,866

TOTAL EXPENSES $193,716

Year-over-Year Comparison

	2023	2022	Change
Revenue	$141,857	$171,318	-0.2%
Expenses	$193,716	$184,988	+0.0%
Net Income	$-51,859	$-13,670	+2.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lisa McKnight	Board Director	4.00	Director	$0	$0	$0
Ricky Taylor	Board Director	4.00	Director	$0	$0	$0
Justin Rice	Board Director	4.00	Director	$0	$0	$0
Edward Bao	Board Director	4.00	Director	$0	$0	$0
John Middleton	Board Director	4.00	Director	$0	$0	$0
Bellaria Jimenez	Board Director	4.00	Director	$0	$0	$0
Brian Cody	Board Director	4.00	Director	$0	$0	$0
Alex Vaccarella	Board Director	4.00	Director	$0	$0	$0
Lisa Crosta	Board Director	4.00	Director	$0	$0	$0
David Haas	Board Director	4.00	Director	$0	$0	$0
Susan Portnoi	Board Director	4.00	Director	$0	$0	$0
John Bucsek	Board Director	4.00	Director	$0	$0	$0
Steven Bernknopf	Board Director	4.00	Officer 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	$141,857	$193,716	$131,121	$-51,859
2022	$171,318	$184,988	$176,343	$-13,670
2021	$146,158	$158,293	$206,497	$-12,135
2020	$189,630	$119,534	$225,650	$70,096
2019	$232,399	$220,672	$164,866	$11,727
2018	$236,108	$210,681	$173,874	$25,427

Financial Planning Association of NJ