NEW JERSEY TRAVEL INDUSTRY ASSOCIA… - 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

1984

Legal Domicile

Principal Officer

LORI PEPENELLA

Phone

6093930102

Tax Period

2024-01-01 to 2024-12-31

NEW JERSEY TRAVEL INDUSTRY ASSOCIATION, founded in 1984, is a small nonprofit that reported $216K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $195K left a modest 10% surplus.

Mission

TO MARKET AND PROMOTE TOURISM IN NEW JERSEY THROUGH EDUCATION, ITS TRADE SHOW AND WORKING WITH NEW JERSEY STATE OFFICALS.

Program Service Accomplishments

Program 1

TO EMBRACE NJ AS A PREMIER TRAVEL DESTINATION WITH THE STATE'S TRAVEL, HOSPITALITY AND TOURISM INDUSTRY. THE ORGANIZATION EXTENDS GRANTS TO HELP PROMOTE NJ AND HOLDS MEETINGS TO KEEP MEMBERS INFORMED...

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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 $0

Program Service Revenue $215,730

Investment Income $0

Other Revenue $0

TOTAL REVENUE $215,730

Expense Breakdown

Grants Paid $6,950

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $187,552

TOTAL EXPENSES $194,502

Year-over-Year Comparison

	2024	2023	Change
Revenue	$215,730	$185,928	+0.2%
Expenses	$194,502	$155,975	+0.2%
Net Income	$21,228	$29,953	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI PEPENELLA	PRESIDENT	2.00	Officer Director	$0	$0	$0
ADAM PERLE	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
HEATHER COLACHE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JENNIFER COSTA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BEN ROSE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL SNYDER	SECRETARY	2.00	Officer Director	$0	$0	$0
JOANN DELVESCIO	TREASURER	2.00	Officer Director	$0	$0	$0
JUDY ROSS	DMO REP	2.00	Officer Director	$0	$0	$0
SUSAN ADELIZZI-SCHMIDT	DIRECTOR	0.50	Director	$0	$0	$0
JACKIE APICELLA	DIRECTOR	0.50	Director	$0	$0	$0
FLORENCE BARON	DIRECTOR	0.50	Director	$0	$0	$0
DENISE BECKSON	DIRECTOR	0.50	Director	$0	$0	$0
MEGAN BLACK	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM BOYLE	DIRECTOR	0.50	Director	$0	$0	$0
CAROLYN BURTNICK	DIRECTOR	0.50	Director	$0	$0	$0
MANNY CAPELLAN	DIRECTOR	0.50	Director	$0	$0	$0
MELISSA DEFREEST	DIRECTOR	0.50	Director	$0	$0	$0
HAL ENGLISH	DIRECTOR	0.50	Director	$0	$0	$0
SHARON FRANZ	DIRECTOR	0.50	Director	$0	$0	$0
ALEX HEIMANN	DIRECTOR	0.50	Director	$0	$0	$0
TAMMIE HORSFIELD	DIRECTOR	0.50	Director	$0	$0	$0
PEGGY KELLY	DIRECTOR	0.50	Director	$0	$0	$0
JIM KIRKOS	DIRECTOR	0.50	Director	$0	$0	$0
STACY KOSS	DIRECTOR	0.50	Director	$0	$0	$0
SANDRA LAZZARO	DIRECTOR	0.50	Director	$0	$0	$0
LISA LIGHTBODY	DIRECTOR	0.50	Director	$0	$0	$0
LINA LLONA	DIRECTOR	0.50	Director	$0	$0	$0
DEVON PERRY	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL PORCH	DIRECTOR	0.50	Director	$0	$0	$0
KELLY RUFFEL	DIRECTOR	0.50	Director	$0	$0	$0
CRAIG SCHLOSSER	DIRECTOR	0.50	Director	$0	$0	$0
ABBY SIEGEL-GREENBERG	DIRECTOR	0.50	Director	$0	$0	$0
BARBARA STAFFORD-JONES	DIRECTOR	0.50	Director	$0	$0	$0
AMANDA STONE	DIRECTOR	0.50	Director	$0	$0	$0
REBECCA THIRY	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN J TYRRELL PHD	DIRECTOR	0.50	Director	$0	$0	$0
JEFFREY VASSER	DIRECTOR	0.50	Director	$0	$0	$0
STACI WHEELER	DIRECTOR	0.50	Director	$0	$0	$0
DIANE WIELAND	DIRECTOR	0.50	Director	$0	$0	$0
MATTHEW HALPIN	EXECUTIVE DIRECTOR	2.00	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
2024	$215,730	$194,502	$191,106	$21,228

NEW JERSEY TRAVEL INDUSTRY ASSOCIATION