NEW JERSEY HEAD START ASSOCIATION (EIN 813083133) - 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

2016

Legal Domicile

Principal Officer

BONNIE EGGENBURG

Phone

8564976676

Tax Period

2023-06-01 to 2024-05-31

NEW JERSEY HEAD START ASSOCIATION, founded in 2016, is a small nonprofit in the Education sector that reported $257K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $224K left a modest 13% surplus.

Mission

To provide leadership to strengthen and inspire stakeholders through advocacy, support, collaboration and communciation to benefit 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 $256,859

Program Service Revenue $0

Investment Income $54

Other Revenue $0

TOTAL REVENUE $256,913

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $6,095

Program Expenses $180,852

Other Expenses $223,562

TOTAL EXPENSES $223,562

Year-over-Year Comparison

	2023	2022	Change
Revenue	$256,913	$323,305	-0.2%
Expenses	$223,562	$336,134	-0.3%
Net Income	$33,351	$-12,829	-3.6%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BONNIE EGGENBURG	PRESIDENT	5	Officer Director	$0	$0	$0
AMANDA COLON	VICE PRESIDENT	2	Officer Director	$0	$0	$0
SUSAN CHABERSKI	TREASURER	2	Officer Director	$0	$0	$0
KAREN JACKSON	SECRETARY	2	Officer Director	$0	$0	$0
CLAUDETTE GILLETTE	BOARD MEMBER	1	Director	$0	$0	$0
JASMINE DEMBY	BOARD MEMBER	1	Director	$0	$0	$0
ELAINE RUHL	BOARD MEMBER	1	Director	$0	$0	$0
CAREY BROWN	BOARD MEMBER	1	Director	$0	$0	$0
EILEEN GIBBONS	BOARD MEMBER	1	Director	$0	$0	$0
VERONICA RAY	EX OFFICIO	1		$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	No data	No data	No data	No data
2024	$256,913	$223,562	$242,037	$33,351
2023	$323,305	$336,134	$190,896	$-12,829
2022	$14,436	$166,197	$147,683	$-151,761
2021	$58,875	$30,083	$299,444	$28,792
2020	$89,975	$109,238	$270,652	$-19,263
2019	$193,359	$185,377	$289,915	$7,982

NEW JERSEY HEAD START ASSOCIATION