CHOOSE NEW JERSEY INC (EIN 272903875) - 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

Principal Officer

WESLEY MATHEWS

Phone

6092972200

Tax Period

2024-01-01 to 2024-12-31

CHOOSE NEW JERSEY INC, founded in 2010, is a mid-sized nonprofit in the Community Improvement sector that reported $20.9M in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum.

Mission

DEVELOP AND IMPLEMENT INITIATIVES, ETC., TO ECONOMICALLY BENEFIT NJ AND ITS RESIDENTS.

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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 $20,718,853

Program Service Revenue $0

Investment Income $174,958

Other Revenue $3,278

TOTAL REVENUE $20,897,089

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,603,415

Fundraising Expenses $819,984

Program Expenses $18,582,555

Other Expenses $17,466,045

TOTAL EXPENSES $21,069,460

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,897,089	$13,249,196	+0.6%
Expenses	$21,069,460	$13,241,841	+0.6%
Net Income	$-172,371	$7,355	-24.4%

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

$564,180

Total Directors

Key Employees

$217,322

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL SMITH	MARKETING COMMITTEE CHAIR	2.00	Director	$0	$0	$0
BRAXTON PLUMMER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN QUIGLEY	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS BOERNER	DIRECTOR	1.00	Director	$0	$0	$0
ELISE ARONSON	DIRECTOR	1.00	Director	$0	$0	$0
ENRICO DELLA CORNA	DIRECTOR	1.00	Director	$0	$0	$0
ETHAN HASBROUCK	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE HELMY	DIRECTOR	1.00	Director	$0	$0	$0
JAKE REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES FAKULT	FINANCE AND AUDIT CHAIR	1.00	Director	$0	$0	$0
JENNIFER SWEENEY	DIRECTOR	1.00	Director	$0	$0	$0
JOAQUIN DUATO	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SARACENO	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH DECOTIIS	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH GARBA	DIRECTOR	1.00	Director	$0	$0	$0
MARK MANIGAN	DIRECTOR	1.00	Director	$0	$0	$0
MARK MCDONOUGH	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL NUCIFORO	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL RENNA	DIRECTOR	2.00	Director	$0	$0	$0
MIKE REAGAN	BUSINESS DEVELOPMENT CHAIR	2.00	Director	$0	$0	$0
MITCH LIVINGSTON	TREASURER	2.00	Officer Director	$0	$0	$0
MONICA SLATER-STOKES	NOMINATING COMMITTEE CHAIR	1.00	Director	$0	$0	$0
RALPH LAROSSA	CHAIRMAN	2.00	Officer Director	$0	$0	$0
ROBERT GARRETT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
STEVE GARDNER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE WESTHOVEN	SECRETARY / TEMP FINANCE AND AUDIT CHAIR	1.00	Officer Director	$0	$0	$0
TOM POLEN	DIRECTOR	1.00	Director	$0	$0	$0
ULI DIAZ	DIRECTOR	1.00	Director	$0	$0	$0
WESLEY MATHEWS	PRESIDENT AND CEO	40.00	Officer	$529,506	$34,674	$564,180
JENNIFER LENHARDT	CHIEF ADMINISTRATIVE OFFICER	40.00	Key Emp	$187,925	$29,397	$217,322
CARLY WRONKO	DIRECTOR OF MARKETING	40.00	Highest	$155,685	$17,090	$172,775
MARIEL KOKOTAJILO	DIRECTOR OF DEVELOPMENT	40.00	Highest	$140,285	$4,118	$144,403
OMAR TODD	FINANCE MANAGER	40.00	Highest	$121,152	$19,165	$140,317
RENA SHERMAN	DIRECTOR OF RESEARCH & STRATEGIC PARTNERSHIPS	40.00	Highest	$122,651	$36,269	$158,920
WILLIAM NOONAN	CHIEF BUSINESS DEVELOPMENT OFFICER	40.00	Highest	$183,326	$23,816	$207,142

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	$20,897,089	$21,069,460	$8,239,679	$-172,371
2023	$13,249,196	$13,241,841	$7,278,714	$7,355
2022	$8,239,156	$7,436,499	$10,648,307	$802,657
2021	$9,053,939	$8,147,422	$7,145,867	$906,517
2020	$6,726,262	$6,169,088	$5,448,006	$557,174
2019	$4,534,727	$4,888,366	$3,094,127	$-353,639
2018	$3,479,588	$3,875,988	$2,229,476	$-396,400

CHOOSE NEW JERSEY INC