NEW JERSEY INSTITUTE OF LOCAL GOVERNMENT (EIN 510205252) - 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

1951

Legal Domicile

Principal Officer

MICHAEL J PASQUALE

Phone

9087358876

Tax Period

2024-01-01 to 2024-12-31

NEW JERSEY INSTITUTE OF LOCAL GOVERNMENT, founded in 1951, is a micro nonprofit in the Crime & Legal sector that reported $42K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $53K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO PROVIDE NJ MUNICIPAL ATTORNEYS NETWORKING AND EDUCATIONAL INFORMATION AND OPPORTUNITIES TO BETTER SERVE THEIR RESPECTIVE MUNICIPALITY.

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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 $35,495

Program Service Revenue $6,241

Investment Income $0

Other Revenue $0

TOTAL REVENUE $41,736

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $43,727

Other Expenses $53,099

TOTAL EXPENSES $53,099

Year-over-Year Comparison

	2024	2023	Change
Revenue	$41,736	$37,863	+0.1%
Expenses	$53,099	$40,416	+0.3%
Net Income	$-11,363	$-2,553	+3.5%

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

295

Independent Members

295

Employees

N/A

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

Total Directors

$5,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J PETER JOST	EXECUTIVE DIRECTOR	1.00	Director	$5,500	$0	$5,500
DOUGLAS L HEINOLD	1ST VICE PRESIDENT	1.00	Officer	$0	$0	$0
SHARON A DRAGAN	2ND VICE PRESIDENT	1.00	Officer	$0	$0	$0
STEVEN P GOODELL	PRESIDENT	1.00	Officer	$0	$0	$0
MICHAEL J PASQUALE	TREASURER	1.00	Officer	$0	$0	$0
JEAN KEPHART CIPRIANI	SECRETARY	1.00	Officer	$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	$41,736	$53,099	$43,861	$-11,363
2023	$37,863	$40,416	$55,224	$-2,553

NEW JERSEY INSTITUTE OF LOCAL GOVERNMENT