NEW JERSEY PROPANE EDUCATION AND R… - Form 990 Financial Data

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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

1999

Legal Domicile

Principal Officer

MICHAEL MERRILL

Phone

7172362050

Tax Period

2023-01-01 to 2023-12-31

NEW JERSEY PROPANE EDUCATION AND RESEARCH FOUNDATION, founded in 1999, is a micro nonprofit in the Science & Technology sector that reported $90K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring.

Mission

NJPERF WAS FORMED AS A RESULT OF THE ESTABLISHMENT OF THE NATIONAL PROPANE EDUCATION RESEARCH COUNCIL (PERC) AS THE ENTITY TO RECEIVE NEW JERSEY STATE FUNDS. ITS PURPOSES ARE TO ESTABLISH AND FACILITATE PROGRAMS TO ENHANCE SAFETY, TRAINING, RESEARCH AND DEVELOPMENT, AND SAFETY EDUCATION IN THE PROPANE INDUSTRY FOR THE BENEFIT OF PROPANE CONSUMERS AND THE PUBLIC, AND FOR LAWFUL PURPOSES.

Program Service Accomplishments

Program 1

Expenses: $30,968

CETP COURSES: THE CERTIFIED EMPLOYEE TRAINING PROGRAM (CETP) WAS DEVELOPED TO PROVIDE TRAINERS AND EMPLOYERS A FORMAL STRUCTURE FOR TRAINING EMPLOYEES, TESTING KNOWLEDGE, AND DOCUMENTING THEIR...

CETP COURSES: THE CERTIFIED EMPLOYEE TRAINING PROGRAM (CETP) WAS DEVELOPED TO PROVIDE TRAINERS AND EMPLOYERS A FORMAL STRUCTURE FOR TRAINING EMPLOYEES, TESTING KNOWLEDGE, AND DOCUMENTING THEIR SUCESSFUL COMPLETION OF A TRAINING PROGRAM. COMBINING HANDS-ON-PRACTICE WITH WRITTEN ACTIVITIES, CETP ASSURES THAT WORKERS HAVE THE KNOWLEDGE AND SKILLS NEEDED TO DO THEIR JOBS SAFELY. IN RESPONSE TO NJ REGULATIONS, COURSES WERE OFFERED THROUGHOUT THE YEAR IN NJ.

Program 2

Expenses: $5,000

NJPERF MEDIA RELATIONS CAMPAIGN - THIS CAMPAIGN WILL RAISE AWARENESS OF THE NJ ENERGY MASTER PLAN AND ITS NEGATIVE IMPACTS ON PROPANE CONSUMERS. THIS WILL BE DONE BY IDENTIFYING CASE STUDIES AND...

NJPERF MEDIA RELATIONS CAMPAIGN - THIS CAMPAIGN WILL RAISE AWARENESS OF THE NJ ENERGY MASTER PLAN AND ITS NEGATIVE IMPACTS ON PROPANE CONSUMERS. THIS WILL BE DONE BY IDENTIFYING CASE STUDIES AND COMPARISONS AMONG ELECTRICITY, PROPANE, COAL, AND OTHER FOSSIL FUELS. THIS PROJECT IS CONSIDERED BENEFICIAL IN THE WAY NJPERF EDUCATES NJ CONSUMERS ON THE CHOICE AND BENEFITS OF PROPANE. THE CAMPAIGN MESSAGING WILL BE LIMITED TO CONSUMER EDUCATION AND SAFETY, AND NO FUNDS WILL BE USED TO SUPPORT LOBBYING ACTIVITIES OR INITIATIVES.

Program 3

Expenses: $2,750

NJ CLEAN CITIES COALITION MEMBERSHIP - PROVIDES ACCESS TO MEETINGS AND EVENTS THROUGHOUT THE YEAR TO BUILD ON NJPERC'S ENGINE FUEL INITIATIVES AND GIVE NJ FLEET BUYERS AND PROPANE INDUSTRY...

NJ CLEAN CITIES COALITION MEMBERSHIP - PROVIDES ACCESS TO MEETINGS AND EVENTS THROUGHOUT THE YEAR TO BUILD ON NJPERC'S ENGINE FUEL INITIATIVES AND GIVE NJ FLEET BUYERS AND PROPANE INDUSTRY REPRESENTATIVES AN UP-CLOSE LOOK AT THE LATEST VEHICLE OFFERINGS.

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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 $89,963

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $89,963

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $40,718

Other Expenses $92,190

TOTAL EXPENSES $92,190

Year-over-Year Comparison

	2023	2022	Change
Revenue	$89,963	$129,484	-0.3%
Expenses	$92,190	$199,597	-0.5%
Net Income	$-2,227	$-70,113	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENIS MAGERR	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS MOHLER	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS WOLFE	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS CAMERON	PRESIDENT	1.00	Officer	$0	$0	$0
MICHAEL MERRILL	TREASURER	1.00	Officer	$0	$0	$0
JACQUELINE PIAZZA	EXECUTIVE DI	1.00	Officer	$0	$0	$0
JD STEM	SECRETARY	1.00	Officer	$0	$0	$0
CORRINE WALKER	SECRETARY	1.00	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
2023	$89,963	$92,190	$3,263	$-2,227
2022	$129,484	$199,597	$5,490	$-70,113
2021	$88,109	$72,091	$75,603	$16,018
2020	$87,255	$70,015	$59,585	$17,240

NEW JERSEY PROPANE EDUCATION AND RESEARCH FOUNDATION