NJ EDGENET INC (EIN 223781807) - 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

2001

Legal Domicile

Principal Officer

SAMUEL S CONN PHD

Phone

9735965490

Tax Period

2023-07-01 to 2024-06-30

NJ EDGENET INC, founded in 2001, is a mid-sized nonprofit in the Education sector that reported $13.1M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

NJEDGE.NET SUPPORTS NEW JERSEY'S RESEARCH AND EDUCATION COMMUNITY, AS WELL AS GOVERNMENT AND INDUSTRY PARTNERSHIPS, WITH ITS DEPLOYMENT OF A REGIONAL OPTICAL NETWORK PROVIDING STATEWIDE BROADBAND ACCESS AND STATE OF THE ART EMERGING TECHNOLOGIES TO ENRICH THE EDUCATIONAL AND RESEARCH MISSIONS OF ITS MEMBERS.

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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 $564,690

Program Service Revenue $12,434,019

Investment Income $37,023

Other Revenue $35,819

TOTAL REVENUE $13,071,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,940,687

Fundraising Expenses $0

Program Expenses $11,934,728

Other Expenses $8,902,893

TOTAL EXPENSES $13,843,580

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,071,551	$11,770,462	+0.1%
Expenses	$13,843,580	$12,692,245	+0.1%
Net Income	$-772,029	$-921,783	-0.2%

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

N/A

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

$509,533

Total Directors

Key Employees

$845,732

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR STEVEN ROSE	CHAIR	2.00	Officer Director	$0	$0	$0
NEAL STURM	SECRETARY	2.00	Officer Director	$0	$0	$0
DR ANTHONY IACONO	TREASURER	2.00	Officer Director	$0	$0	$0
DR MIRA LALOVIC-HAND	TRUSTEE	2.00	Director	$0	$0	$0
MICHELE NORIN	TRUSTEE	2.00	Director	$0	$0	$0
DR SHARON E BLANTON	TRUSTEE	2.00	Director	$0	$0	$0
SCOTT HUSTON	TRUSTEE	2.00	Director	$0	$0	$0
CHRIS HARTMAN	TRUSTEE	2.00	Director	$0	$0	$0
CAROL KONDRACH	TRUSTEE	2.00	Director	$0	$0	$0
DR JOSEPH MARBACH	TRUSTEE	2.00	Director	$0	$0	$0
DR MARIS LOWN	TRUSTEE	2.00	Director	$0	$0	$0
BRADLEY MORTON	TRUSTEE	2.00	Director	$0	$0	$0
DR DAVID STOUT	TRUSTEE	2.00	Director	$0	$0	$0
LAMONT REPOLLET	TRUSTEE	2.00	Director	$0	$0	$0
LEN DE BOTTON	TRUSTEE	2.00	Director	$0	$0	$0
TEIK C LIM	TRUSTEE	2.00	Director	$0	$0	$0
JONATHAN KOPPELL	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL ZWICK	TRUSTEE	2.00	Director	$0	$0	$0
MARILYN OCHOA	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL MIDDLETON	TRUSTEE	2.00	Director	$0	$0	$0
ATAM DHAWAN	TRUSTEE	2.00	Director	$0	$0	$0
EDWARD WOZENCROFT	TRUSTEE	2.00	Director	$0	$0	$0
SAMUEL S CONN PHD	PRESIDENT AND CEO	40.00	Officer	$245,818	$39,661	$285,479
CAITLIN KAPLAN	CFO	40.00	Officer	$179,064	$44,990	$224,054
BRUCE TYRELL	AVP PROGRAM & SERVICES	40.00	Key Emp	$186,047	$36,521	$222,568
JAMES STANKIEWICZ	AVP & PRINCIPAL NETWORK AR	40.00	Key Emp	$185,401	$34,921	$220,322
CHRISTOPHER RAY MARKHAM	VP INFORMATION TECHNOLOGY	40.00	Key Emp	$187,286	$42,541	$229,827
ADAM BATHIARD	SENIOR NEWORK ENGINEER	40.00	Key Emp	$165,824	$7,191	$173,015
ADAM SCARZAFAVA	AVP EDGEEVENTS & DIGITAL MARKETING	40.00	Highest	$123,613	$8,512	$132,125

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	$13,071,551	$13,843,580	$12,226,329	$-772,029
2023	$11,770,462	$12,692,245	$10,645,074	$-921,783
2022	$12,640,759	$13,504,542	$7,375,107	$-863,783
2021	$11,397,908	$12,214,295	$7,361,356	$-816,387
2020	$11,381,148	$11,893,500	$8,156,961	$-512,352
2019	$10,199,966	$10,941,384	$8,230,589	$-741,418

NJ EDGENET INC