SPECIAL OLYMPICS NEW JERSEY INC (EIN 237448729) - 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

1973

Legal Domicile

Principal Officer

HEATHER ANDERSEN

Phone

6098968000

Tax Period

2024-01-01 to 2024-12-31

SPECIAL OLYMPICS NEW JERSEY INC, founded in 1973, is a mid-sized nonprofit that reported $11.3M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $10.0M left a modest 12% surplus.

Mission

TO PROVIDE YEAR-ROUND SPORTS TRAINING AND ATHLETIC COMPETITION IN A VARIETY OF OLYMPIC-TYPE SPORTS FOR CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES, GIVING THEM CONTINUING OPPORTUNITIES TO DEVELOP PHYSICAL FITNESS, DEMONSTRATE COURAGE, EXPERIENCE JOY AND PARTICIPATE IN SHARING GIFTS, SKILLS AND FRIENDSHIP WITH THEIR FAMILIES, OTHER SPECIAL OLYMPICS ATHLETES AND THE COMMUNITY.

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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 $11,418,376

Program Service Revenue $0

Investment Income $512,444

Other Revenue $-629,671

TOTAL REVENUE $11,301,149

Expense Breakdown

Grants Paid $16,931

Salaries & Benefits $4,699,834

Fundraising Expenses $1,257,457

Program Expenses $8,483,756

Other Expenses $5,250,615

TOTAL EXPENSES $9,967,380

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,301,149	$8,793,162	+0.3%
Expenses	$9,967,380	$8,008,441	+0.2%
Net Income	$1,333,769	$784,721	+0.7%

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

15457

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

$507,992

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON FINKELSTEIN	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ANGELO J ONOFRI	1ST VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
RENEE ALTOMONTE	2ND VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
MATTHEW B MCDONALD III MD	SECRETARY	1.00	Officer Director	$0	$0	$0
JOEL WAGNER	TREASURER	1.00	Officer Director	$0	$0	$0
LORI ACKER	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
RET CHIEF ROBERT BELFIORE	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH BERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM ENG	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA GLESIAS	BOARD MEMBER	1.00	Director	$0	$0	$0
MORGAN HULTEEN	BOARD MEMBER	1.00	Director	$0	$0	$0
TONY JULIANO	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER LOMBARDI	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY LOMBARDINO	BOARD MEMBER	1.00	Director	$0	$0	$0
COLLEEN MAGUIRE	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG MATTEO	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL MUNOZ	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL PRIOR	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER PUETZER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH RITZEL	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE WALLACE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN WOODRUFF	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER ANDERSEN	PRESIDENT & CEO	45.00	Officer	$277,674	$76,530	$354,204
CHERYL WILLIS	VP OF FINANCE & ADMINISTRATION	45.00	Officer	$121,856	$31,932	$153,788
CARMEN BANNON	CHIEF COMMUNITY AFFAIRS OFFICER	45.00	Highest	$163,428	$50,304	$213,732
WILLIAM DEPONTE	CHIEF OPERATIONS OFFICER	45.00	Highest	$154,256	$10,802	$165,058
DIANE PARASKEVAS	VP OF CORPORATE DEVELOPMENT	45.00	Highest	$133,152	$47,344	$180,496
JEFFREY BALDINO	SR. DIRECTOR OF PROGRAM	45.00	Highest	$118,365	$46,583	$164,948
BETH STARR	DIRECTOR OF COPORATE PARTNERSHIPS	40.00	Highest	$111,680	$24,356	$136,036

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	$11,301,149	$9,967,380	$22,822,982	$1,333,769
2023	$8,793,162	$8,008,441	$20,595,005	$784,721
2022	$9,647,344	$8,807,490	$18,716,852	$839,854
2021	$8,511,480	$6,508,821	$19,561,319	$2,002,659
2020	$7,529,625	$6,433,221	$17,825,399	$1,096,404
2019	$8,265,341	$7,996,191	$15,519,249	$269,150
2018	$8,718,231	$8,133,462	$14,180,789	$584,769

SPECIAL OLYMPICS NEW JERSEY INC