WASHINGTON ASSOCIATION OF NEW JERSEY (EIN 226033913) - 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

1874

Legal Domicile

Principal Officer

Michael K Mullen

Phone

9732921874

Tax Period

2023-01-01 to 2023-12-31

WASHINGTON ASSOCIATION OF NEW JERSEY, founded in 1874, is a small nonprofit in the Arts, Culture & Humanities sector that reported $116K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $198K exceeded revenue, resulting in a 70% operating deficit.

Mission

To provide support for the Morristown National Historical Park in the preservation and interpretation of this American Revolutionary War Site and honoring the contributions of George Washington and his troops.

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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 $57,105

Program Service Revenue $10,175

Investment Income $49,014

Other Revenue $0

TOTAL REVENUE $116,294

Expense Breakdown

Grants Paid $2,358

Salaries & Benefits $39,329

Fundraising Expenses $29,887

Program Expenses $90,618

Other Expenses $156,344

TOTAL EXPENSES $198,031

Year-over-Year Comparison

	2023	2022	Change
Revenue	$116,294	$218,432	-0.5%
Expenses	$198,031	$116,122	+0.7%
Net Income	$-81,737	$102,310	-1.8%

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

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
Edward Gregory	First Vice President	1.00	Officer Director	$0	$0	$0
John Elias	Treasurer	5.00	Officer Director	$0	$0	$0
Kevin Tremble	Vice President External Re	5.00	Officer Director	$0	$0	$0
Nancy Bangiola	Secretary	5.00	Officer Director	$0	$0	$0
James Hamerschlag	Trustee	1.00	Director	$0	$0	$0
Elizabeth Holdsworth	Trustee	1.00	Director	$0	$0	$0
Susan Johns	Trustee	1.00	Director	$0	$0	$0
Karen Kirby	Trustee	1.00	Director	$0	$0	$0
Michael Mullen	President	5.00	Officer Director	$0	$0	$0
Patricia Sanftner	Trustee	1.00	Director	$0	$0	$0
Steven Santucci	Second Vice President	5.00	Officer Director	$0	$0	$0
Troy Simmons	Trustee	1.00	Director	$0	$0	$0
Ryan Dawson	Vice President Tech	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	$116,294	$198,031	$2,242,400	$-81,737
2022	$218,432	$116,122	$2,141,659	$102,310
2021	$430,098	$121,872	$1,901,326	$308,226
2020	$162,775	$111,684	$1,589,444	$51,091
2019	$237,806	$82,591	$1,437,783	$155,215
2018	$162,914	$93,743	$1,166,351	$69,171

WASHINGTON ASSOCIATION OF NEW JERSEY