NJ CHAPTER IEC INC (EIN 223789708) - 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

Legal Domicile

Principal Officer

DOMINICK PERRONE

Phone

7322762295

Tax Period

2023-01-01 to 2023-12-31

NJ CHAPTER IEC INC is a small nonprofit that reported $434K in total revenue in fiscal year 2023. Revenue surged 117% from the prior year, signaling strong growth momentum. The organization ran a surplus of $98K, a strong 23% operating margin.

Mission

PROVIDE BENEFITS FOR 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 $335,622

Program Service Revenue $98,253

Investment Income $21

Other Revenue $0

TOTAL REVENUE $433,896

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $302,448

Other Expenses $336,054

TOTAL EXPENSES $336,054

Year-over-Year Comparison

	2023	2022	Change
Revenue	$433,896	$199,850	+1.2%
Expenses	$336,054	$287,554	+0.2%
Net Income	$97,842	$-87,704	-2.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH SPINELLA	President	5.00	Officer Director	$0	$0	$0
BRIAN BERG	Vice President	5.00	Officer Director	$0	$0	$0
RON PECINA JR	Secretary	5.00	Officer Director	$0	$0	$0
DOMINICK PERRONE	Treasurer	5.00	Officer Director	$0	$0	$0
ARTHUR CARVER	Sergeant atArms	5.00	Officer Director	$0	$0	$0
JOE COVIELLO	Board Member	5.00	Officer Director	$0	$0	$0
GENE MINI	Board Member	5.00	Officer Director	$0	$0	$0
BRUCE KOHAN	Board Member	5.00	Officer Director	$0	$0	$0
JOE ESPOSITO	Past President	5.00	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	$433,896	$336,054	$176,065	$97,842
2022	$199,850	$287,554	$261,476	$-87,704
2021	$333,423	$319,039	$157,605	$14,384
2020	$296,353	$217,682	$143,221	$78,671

NJ CHAPTER IEC INC