NEW JERSEY PRESS FOUNDATION C/O CORPORATION SERVICE COMPANY (EIN 226071765) - 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

1962

Legal Domicile

Principal Officer

MARK BLUM

Phone

6094060600

Tax Period

2024-01-01 to 2024-12-31

NEW JERSEY PRESS FOUNDATION C/O CORPORATION SERVICE COMPANY, founded in 1962, is a micro nonprofit that reported $56K in total revenue in fiscal year 2024. Revenue surged 199% from the prior year, signaling strong growth momentum. Expenses of $157K exceeded revenue, resulting in a 179% operating deficit.

Mission

TO HELP DEVELOP THE NEXT GENERATION OF JOURNALISTS, INFORMED CITIZENS AND TO PROMOTE THE IMPORTANCE OF FREE PRESS IN OUR DEMOCRACY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $10,004

Program Service Revenue $0

Investment Income $46,067

Other Revenue $0

TOTAL REVENUE $56,071

Expense Breakdown

Grants Paid $6,500

Salaries & Benefits $61,779

Fundraising Expenses $0

Program Expenses $98,700

Other Expenses $88,235

TOTAL EXPENSES $156,514

Year-over-Year Comparison

	2024	2023	Change
Revenue	$56,071	$18,750	+2.0%
Expenses	$156,514	$159,052	0.0%
Net Income	$-100,443	$-140,302	-0.3%

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

$18,000

Total Directors

$59,615

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK BLUM	TREASURER	1.00	Officer Director	$0	$0	$18,000
BRETT AINSWORTH	PRESIDENT	1.00	Officer Director	$0	$0	$0
RON MORANO	TRUSTEE	1.00	Director	$0	$0	$0
JOHN J O'BRIEN	TRUSTEE	1.00	Director	$0	$0	$0
STAN ELLIS	TRUSTEE	1.00	Director	$0	$0	$0
JIM KILGORE	TRUSTEE	1.00	Director	$0	$0	$0
AUDREY HARVIN	TRUSTEE	1.00	Director	$0	$0	$0
DAVID NAHAN	TRUSTEE	1.00	Director	$0	$0	$0
PEGGY ARBITELL	SECRETARY	20.00	Director	$0	$0	$41,615

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	$56,071	$156,514	$1,963,972	$-100,443
2023	$18,750	$159,052	$1,912,317	$-140,302
2022	$62,499	$156,329	$1,871,090	$-93,830
2021	$188,456	$145,422	$2,248,009	$43,034
2020	$46,031	$110,133	$2,084,390	$-64,102
2019	$82,868	$133,645	$1,867,746	$-50,777
2018	$75,369	$150,348	$1,625,402	$-74,979

NEW JERSEY PRESS FOUNDATION C/O CORPORATION SERVICE COMPANY