HOCKEY IN NEW JERSEY INC (EIN 262906094) - 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

2008

Legal Domicile

Principal Officer

DENNIS RUPPE

Phone

9732027078

Tax Period

2024-01-01 to 2024-12-31

HOCKEY IN NEW JERSEY INC, founded in 2008, is a small nonprofit in the Recreation & Sports sector that reported $787K in total revenue in fiscal year 2024. Revenue surged 112% from the prior year, signaling strong growth momentum. The organization ran a surplus of $422K, a strong 54% operating margin.

Mission

TO TEACH THE SPORT OF HOCKEY TO CITY RESIDENTS AGES 6 TO 18 IN THE STATE OF NEW JERSEY.

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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 $521,976

Program Service Revenue $0

Investment Income $21,308

Other Revenue $243,539

TOTAL REVENUE $786,823

Expense Breakdown

Grants Paid $0

Salaries & Benefits $275,779

Fundraising Expenses $12,591

Program Expenses $322,231

Other Expenses $88,602

TOTAL EXPENSES $364,381

Year-over-Year Comparison

	2024	2023	Change
Revenue	$786,823	$371,087	+1.1%
Expenses	$364,381	$226,911	+0.6%
Net Income	$422,442	$144,176	+1.9%

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

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

$50,000

Total Directors

$50,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS RUPPE	TREASURER/CO-PRES	30.00	Officer Director	$25,000	$0	$25,000
KEITH VELTRE	CEO/CO-PRES	30.00	Officer Director	$25,000	$0	$25,000
RICHARD GIUDITTA JR	CHAIRMAN	10.00	Director	$0	$0	$0
MICHAEL GILFILLAN	VICE-CHAIRMAN	5.00	Director	$0	$0	$0
SYBIL ELIAS	SECRETARY	2.00	Officer Director	$0	$0	$0
KENNETH P ALEVRAS	TRUSTEE	5.00	Director	$0	$0	$0
DAN BRENNAN	TRUSTEE	2.00	Director	$0	$0	$0
JAKE REYNOLDS	TRUSTEE	2.00	Director	$0	$0	$0
AMANDA KAMARA	GUARDIAN TRUSTEE	2.00	Director	$0	$0	$0
OLIVIA BARBAS	GUARDIAN TRUSTEE	2.00	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
2024	$786,823	$364,381	$785,381	$422,442
2023	$371,087	$226,911	$362,716	$144,176
2022	$244,395	$143,437	$218,325	$100,958
2021	$90,225	$130,108	$117,317	$-39,883
2020	$229,618	$124,805	$157,200	$104,813
2019	$214,578	$201,962	$52,387	$12,616

HOCKEY IN NEW JERSEY INC