NORTH JERSEY INSULATION & ABATEMENT CONTRACTORS ASSOCIATION INC (EIN 272676163) - 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

2010

Legal Domicile

Phone

9732273200

Tax Period

2023-01-01 to 2023-12-31

NORTH JERSEY INSULATION & ABATEMENT CONTRACTORS ASSOCIATION INC, founded in 2010, is a micro nonprofit in the Community Improvement sector that reported $8K in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $25K exceeded revenue, resulting in a 217% operating deficit.

Mission

TO ADVANCE AND PROMOTE, IN NORTHERN NEW JERSEY, UNION CONTRACTING IN THE INSULATION, ENVIRONMENTAL REMEDIATION, AND FIRESTOPPING INDUSTRIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,978

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $7,978

Expense Breakdown

Grants Paid $17,600

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $7,692

TOTAL EXPENSES $25,292

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,978	$17,680	-0.5%
Expenses	$25,292	$7,810	+2.2%
Net Income	$-17,314	$9,870	-2.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN E MAZOR	President	2.00	Officer Director	$0	$0	$0
KENNETH D JENKINS	Vice President	2.00	Officer Director	$0	$0	$0
JEFFREY CHAPLIN	Secretary/Treas	2.00	Officer 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	No data	No data	No data	No data
2023	$7,978	$25,292	$40,708	$-17,314
2022	$17,680	$7,810	$58,022	$9,870
2021	$18,214	$25,717	$48,152	$-7,503
2020	$17,305	$24,373	$55,655	$-7,068
2019	$16,811	$28,594	$62,723	$-11,783
2018	$20,191	$38,507	$74,506	$-18,316

NORTH JERSEY INSULATION & ABATEMENT CONTRACTORS ASSOCIATION INC