Educational Leadership Foundation of New Jersey Inc

EIN: 264437074 501(c)(3) Education

Trenton, NJ

Total Revenue
$201,523
Total Expenses
$305,829
Total Assets
$32,630
Net Assets
$30,628
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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
NJ
Principal Officer
DrTimothy J Purnell
Phone
6092785261
Tax Period
2024-07-01 to 2025-06-30

Educational Leadership Foundation of New Jersey Inc, founded in 2008, is a small nonprofit in the Education sector that reported $202K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $306K exceeded revenue, resulting in a 52% operating deficit.

Mission

Advance public education governance through training, research, and attaining grants to further professional development.

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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 (2024)

Revenue Breakdown

Contributions & Grants $200,289
Program Service Revenue $0
Investment Income $1,234
Other Revenue $0
TOTAL REVENUE $201,523

Expense Breakdown

Grants Paid $0
Salaries & Benefits $30,541
Fundraising Expenses $0
Program Expenses $293,899
Other Expenses $275,288
TOTAL EXPENSES $305,829

Year-over-Year Comparison

2024 2023 Change
Revenue $201,523 $297,492 -0.3%
Expenses $305,829 $329,823 -0.1%
Net Income $-104,306 $-32,331 +2.2%
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
16
Independent Members
16
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
6
$282,363
Total Directors
15
$263,863
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Maria Alamo Chairperson 3.00
Officer Director
$0 $0 $0
Michael McClure Vice Chairperson 3.00
Officer Director
$0 $0 $0
Raymond R Wiss Esq Treasurer 3.00
Officer Director
$0 $0 $0
Hope Blackburn Esq Secretary 3.00
Officer Director
$0 $0 $0
Dr Tom Connors Trustee 3.00
Director
$0 $0 $0
Stephanie Fisher Trustee 3.00
Director
$0 $0 $0
Rochelle Hendricks Trustee 3.00
Director
$0 $0 $0
Ellen Mushinski Trustee 3.00
Director
$0 $0 $0
Osner J Charles Trustee 3.00
Director
$0 $0 $0
Lloyd Rosenberg Trustee 3.00
Director
$0 $0 $0
Karen Cortellino MD Trustee 3.00
Director
$0 $0 $0
Dr Timothy Purnell CEO 5.00
Officer Director
$0 $0 $263,863
David Hespe Executive Director 5.00
Officer
$18,500 $0 $18,500
Creighton Drury Trustee 3.00
Director
$0 $0 $0
Michael A Jacobs Trustee 3.00
Director
$0 $0 $0
Loretta Winters Trustee 3.00
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
2025 $201,523 $305,829 $32,630 $-104,306
2024 $297,492 $329,823 $136,910 $-32,331
2023 $248,066 $221,221 $218,024 $26,845
2022 $190,850 $163,142 $240,694 $27,708
2021 $123,315 $122,959 $189,787 $356
2020 $345,793 $260,852 $191,191 $84,941
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