NEW JERSEY ASSOCIATION OF REALTORS EDUCATION FOUNDATION

EIN: 237063186 501(c)(3)

TRENTON, NJ

Total Revenue
$71,665
Total Expenses
$79,870
Total Assets
$584,026
Net Assets
$584,026
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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
1968
Legal Domicile
NJ
Principal Officer
JAIRO RODRIGUEZ
Phone
6093417100
Tax Period
2023-01-01 to 2023-12-31

NEW JERSEY ASSOCIATION OF REALTORS EDUCATION FOUNDATION, founded in 1968, is a micro nonprofit that reported $72K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $80K exceeded revenue, resulting in a 11% operating deficit.

Mission

PROMOTION OF KNOWLEDEGE IN THE FIELD OF REAL ESTATE THROUGH EDUCATIONAL ASSISTANCE FOR WORTHY STUDENTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $57,985
Program Service Revenue $0
Investment Income $13,232
Other Revenue $448
TOTAL REVENUE $71,665

Expense Breakdown

Grants Paid $69,022
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $69,022
Other Expenses $10,848
TOTAL EXPENSES $79,870

Year-over-Year Comparison

2023 2022 Change
Revenue $71,665 $84,870 -0.2%
Expenses $79,870 $87,478 -0.1%
Net Income $-8,205 $-2,608 +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

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
15

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
3
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA GRAY- HENDRICKS PRESIDENT 1.00
Officer Director
$0 $0 $0
ROBERT HANSON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
GLORIA SICILIANO TREASURER (UNTIL 12/6/23) 0.25
Officer Director
$0 $0 $0
JAIRO RODRIGUEZ TREASURER (BEGINNING 12/7/23) 0.25
Director
$0 $0 $0
FRANCES BLAKELY TRUSTEE 0.50
Director
$0 $0 $0
RICKEY COOPER TRUSTEE 0.50
Director
$0 $0 $0
DREW FISHMAN TRUSTEE 0.50
Director
$0 $0 $0
ROXANNE GANDOLFO TRUSTEE 0.50
Director
$0 $0 $0
SANDRA GARDNER TRUSTEE 0.50
Director
$0 $0 $0
SUSAN LARUE TRUSTEE 0.50
Director
$0 $0 $0
NEKITA MARTINS TRUSTEE 0.50
Director
$0 $0 $0
MATTHEW MOELLER TRUSTEE 0.50
Director
$0 $0 $0
LYNNE MORTIMER TRUSTEE 0.50
Director
$0 $0 $0
ELAINE MOSERA TRUSTEE 0.50
Director
$0 $0 $0
JUDY STEFANIK TRUSTEE (UNTIL 4/6/23) 0.50
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $71,665 $79,870 $584,026 $-8,205
2022 $84,870 $87,478 $592,231 $-2,608
2021 $95,701 $95,012 $594,839 $689
2020 $107,084 $85,095 $594,150 $21,989
2019 $86,725 $67,831 $572,161 $18,894
2018 $80,486 $64,490 $553,267 $15,996
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