NEW JERSEY SAFETY TRAINING FUND

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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

1993

Legal Domicile

Principal Officer

DANIEL COSNER

Phone

6097048351

Tax Period

2024-07-01 to 2025-06-30

NEW JERSEY SAFETY TRAINING FUND, founded in 1993, is a community nonprofit in the Employment sector that reported $1.7M in total revenue in fiscal year 2024. The organization ran a surplus of $897K, a strong 52% operating margin.

Mission

SAFETY TRAINING AND PROVIDING FIRE RETARDANT CLOTHING FOR MEMBERS OF THE OUTSIDE ELECTRICAL UNION (IBEW).

Program Service Accomplishments

Program 1

SAFETY TRAINING AND PROVIDING FIRE RETARDANT CLOTHING FOR MEMBERS OF THE OUTSIDE ELECTRICAL UNION (IBEW).

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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 $1,513,167

Investment Income $205,941

Other Revenue $597

TOTAL REVENUE $1,719,705

Expense Breakdown

Grants Paid $0

Salaries & Benefits $392,242

Fundraising Expenses $0

Other Expenses $430,700

TOTAL EXPENSES $822,942

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,719,705	$1,641,352	+0.0%
Expenses	$822,942	$730,217	+0.1%
Net Income	$896,763	$911,135	0.0%

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

Total Directors

Key Employees

$322,261

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	1.00		$0	$158,962	$444,182
N/A	TRUSTEE	1.00		$0	$166,574	$457,364
N/A	TRUSTEE	1.00		$0	$0	$0
N/A	TRUSTEE	1.00		$0	$0	$0
GEORGE W STROUP V	DIRECTOR	40.00	Key Emp	$217,163	$105,098	$322,261

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	$1,719,705	$822,942	$7,837,223	$896,763
2024	No data	No data	No data	No data
2023	$1,052,218	$798,006	$6,036,106	$254,212
2022	$1,041,911	$674,391	$5,779,371	$367,520
2021	$1,407,354	$694,803	$5,412,408	$712,551
2020	$1,015,549	$619,645	$4,699,415	$395,904
2019	$900,660	$651,137	$4,303,062	$249,523
2018	$999,659	$559,869	$4,053,774	$439,790