NJRTC A NEW JERSEY NONPROFIT CORPORATION

EIN: 814386938 501(c)(3)

PHILLIPSBURG, NJ

Total Revenue
$285,000
Total Expenses
$234,257
Total Assets
$99,457
Net Assets
$99,457
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NJ
Principal Officer
RICHARD TAVOSO
Phone
6092582197
Tax Period
2021-07-01 to 2022-06-30

NJRTC A NEW JERSEY NONPROFIT CORPORATION, founded in 2017, is a small nonprofit that reported $285K in total revenue in fiscal year 2021. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 18% operating margin.

Mission

TO PROVIDE THE RESOURCES AND ENVIRONMENT NECESSARY FOR WRESTLERS OF ALL AGES TO WIN ON THE NATIONAL, WORLD AND OLYMPIC STAGE, WHILE SIMULTANEOUSLY WORKING TO GROW THE SPORT OF WRESTLING AT THE STATE AND REGIONAL LEVEL. ALL IN ACCORDANCE WITH THE MEANING OF A CHARITABLE NON-PROFIT CORPORATION. THE CORPORATION IS ALSO ORGANIZED FOR THE PURPOSE OF MAKING CHARITABLE DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS. UNDER SECTION 501(C)(3) OF THE CODE.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $285,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $285,000

Expense Breakdown

Grants Paid $150
Salaries & Benefits $212,352
Fundraising Expenses $240
Program Expenses $231,122
Other Expenses $21,755
TOTAL EXPENSES $234,257

Year-over-Year Comparison

2021 2020 Change
Revenue $285,000 $187,127 +0.5%
Expenses $234,257 $206,067 +0.1%
Net Income $50,743 $-18,940 -3.7%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
2
Volunteers
4

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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH DUBUQUE TRUSTEE 1.00
Director
$0 $0 $0
RICHARD TAVOSO TRUSTEE 1.00
Director
$0 $0 $0
SHAWN RUBIN TRUSTEE 1.00
Director
$0 $0 $0
STEVE RIVERA TRUSTEE 1.00
Director
$0 $0 $0
REECE W HUMPHREY HEAD COACH 40.00
Highest
$127,917 $21,165 $149,082
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
2022 $285,000 $234,257 $99,457 $50,743
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