NJEA AFFILIATES RISK PURCHASING GR… - Form 990 Financial Data

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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

2014

Legal Domicile

Principal Officer

PETAL ROBERTSON

Phone

6095994561

Tax Period

2023-09-01 to 2024-08-31

NJEA AFFILIATES RISK PURCHASING GROUP A NJ NONPROFIT CORPORATION, founded in 2014, is a small nonprofit in the Education sector that reported $206K in total revenue in fiscal year 2023. Expenses of $194K left a modest 6% surplus.

Mission

THE MAINTENANCE OF A RISK PURCHASING GROUP FOR THE SOLE AND EXCLUSIVE BENEFIT OF MEMBERS OF THE CORPORATION ALL OF WHICH ARE AFFILIATED WITH THE NEW JERSEY EDUCATION ASSOCIATION, INCLUDING THE NEW JERSEY EDUCATION ASSOCIATION.

Program Service Accomplishments

Program 1

Expenses: $194,240

THE MAINTENANCE OF A RISK PURCHASING GROUP FOR THE SOLE AND EXCLUSIVE BENEFIT OF MEMBERS OF THE CORPORATION ALL OF WHICH ARE AFFILIATED WITH THE NEW JERSEY EDUCATION ASSOCIATION, INCLUDING THE NEW...

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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 $206,464

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $206,464

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $194,240

Other Expenses $0

TOTAL EXPENSES $194,240

Year-over-Year Comparison

	2023	2022	Change
Revenue	$206,464	$206,109	+0.0%
Expenses	$194,240	$190,490	+0.0%
Net Income	$12,224	$15,619	-0.2%

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

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

$1,226,229

Total Directors

$1,372,314

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN M SPILLER	DIRECTOR	1.00	Director	$0	$195,157	$577,305
STEVE BEATTY	DIRECTOR	1.00	Director	$0	$151,655	$440,098
PETAL T ROBERTSON	DIRECTOR	1.00	Director	$0	$71,736	$354,911
KRISTEN SHERMAN	PRESIDENT	1.00	Officer	$0	$100,282	$354,242
KEVIN KELLEHER	SECRETARY-TREASURER	1.00	Officer	$0	$437,789	$871,987

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	No data	No data	No data	No data
2024	$206,464	$194,240	$37,083	$12,224
2023	$206,109	$190,490	$24,859	$15,619
2022	$161,134	$204,076	$9,833	$-42,942
2021	$245,480	$212,262	$52,182	$33,218
2020	$195,506	$208,862	$18,964	$-13,356
2019	$246,095	$252,390	$37,666	$-6,295
2018	$281,908	$244,018	$39,291	$37,890

NJEA AFFILIATES RISK PURCHASING GROUP A NJ NONPROFIT CORPORATION