CHEMICAL SOURCES ASSOCIATION INC

EIN: 237307293

NEPTUNE, NJ

Total Revenue
$116,263
Total Expenses
$82,116
Total Assets
$154,516
Net Assets
$153,516
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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
1973
Legal Domicile
NJ
Principal Officer
JIM KAVANAUGH
Phone
7329223008
Tax Period
2023-09-01 to 2024-08-31

CHEMICAL SOURCES ASSOCIATION INC, founded in 1973, is a small nonprofit that reported $116K in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $34K, a strong 29% operating margin.

Mission

CHEMICAL SOURCES ASSOCIATION, INC. (CSA) IS A CORPORATION FORMED TO ENCOURAGE THE DEVELOPMENT AND SUPPLY, IN RESEARCH AND DEVELOPMENT QUANTITIES, OF PLANNING AND RELATED RAW MATERIALS FOR ADDITIVES TO FOODS, AND TO PROVIDE OPPORTUNITIES AND INFORMATION FOR ITS MEMBERS AND OTHERS TO OBTAIN RESEARCH AND DEVELOPMENT SAMPLES OF SAID PLANNING AND RELATED RAW MATERIALS. CSA SEEKS SOURCES OF SUPPLY FOR RARE RAW MATERIALS IN QUANTITIES SUFFICIENT TO PROVIDE RESEARCH AND DEVELOPMENT SAMPLES, WHICH MAY BE UTILIZED IN THE FOOD INDUSTRY. INFORMATION OBTAINED IS SHARED WITH THE MEMBERSHIP AND OTHERS TO ENCOURAGE RESEARCH AND PROMOTE AVAILABILITY OF ADDITIONAL PLANNING AND RELATED RAW MATERIALS.

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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 $0
Program Service Revenue $114,285
Investment Income $1,978
Other Revenue $0
TOTAL REVENUE $116,263

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $82,116
Other Expenses $82,116
TOTAL EXPENSES $82,116

Year-over-Year Comparison

2023 2022 Change
Revenue $116,263 $73,876 +0.6%
Expenses $82,116 $62,426 +0.3%
Net Income $34,147 $11,450 +2.0%
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

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Governance

Voting Members
4
Independent Members
N/A
Employees
N/A
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM KAVANAUGH CHAIRMAN 5.00
Officer
$0 $0 $0
PIERRE-JEAN HELLIVAN PRESIDENT 5.00
Officer
$0 $0 $0
SARAH GUTIERREZ SECRETARY 5.00
Officer
$0 $0 $0
THOMAS LAUZURICA TREASURER 5.00
Officer
$0 $0 $0
BOB BAUER EXECUTIVE DI 5.00
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
2025 No data No data No data No data
2024 $116,263 $82,116 $154,516 $34,147
2023 $73,876 $62,426 $137,744 $11,450
2022 $61,251 $79,849 $110,419 $-18,598
2021 $44,765 $21,816 $129,984 $22,949
2020 $28,794 $26,787 $104,201 $2,007
2019 $50,816 $56,502 $101,561 $-5,686
2018 $51,444 $53,799 $107,247 $-2,355
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