NEW JERSEY CANNABIS INDUSTRY ASSOCIATION

EIN: 814813318

BORDENTOWN, NJ

Total Revenue
$274,881
Total Expenses
$220,106
Total Assets
$98,017
Net Assets
$98,017
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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
2017
Legal Domicile
NJ
Tax Period
2018-01-01 to 2018-12-31

NEW JERSEY CANNABIS INDUSTRY ASSOCIATION, founded in 2017, is a small nonprofit that reported $275K in total revenue in fiscal year 2018. Revenue surged 352% from the prior year, signaling strong growth momentum. The organization ran a surplus of $55K, a strong 20% operating margin.

Mission

SEE PART I, 1

Program Service Accomplishments

Program 1
Expenses: $141,472 Revenue: $85,010

HOSTED EDUCATIONAL CONFERENCES AND EVENTS IN NEVADA, COLORADO, AND A GOLF OUTING IN ATLANTIC CITY, NJ TO FURTHER EDUCATION IN THE LEGALIZATION OF CANNABIS, DISCUSS SUCCESSES AND CHALLENGES OF...

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HOSTED EDUCATIONAL CONFERENCES AND EVENTS IN NEVADA, COLORADO, AND A GOLF OUTING IN ATLANTIC CITY, NJ TO FURTHER EDUCATION IN THE LEGALIZATION OF CANNABIS, DISCUSS SUCCESSES AND CHALLENGES OF LEGALIZATION IN OTHER STATES, AND SENSIBLE POLICY TOWARDS THE LEGALIZATION OF CANNABIS IN THE STATE OF NEW JERSEY.

Program 2
Expenses: $47,294 Revenue: $189,871

MEMBER ENGAGEMENT AND INDUSTRY COLLABORATION AND DEVELOPMENT INCLUDING PRODUCTION OF A WEEKLY NEWSLETTER, WEEKLY CONFERENCE CALL, AND SOCIAL MEDIA ENGAGEMENT TO ADVANCE THE LEGALIZATION OF CANNABIS...

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MEMBER ENGAGEMENT AND INDUSTRY COLLABORATION AND DEVELOPMENT INCLUDING PRODUCTION OF A WEEKLY NEWSLETTER, WEEKLY CONFERENCE CALL, AND SOCIAL MEDIA ENGAGEMENT TO ADVANCE THE LEGALIZATION OF CANNABIS IN THE STATE OF NEW JERSEY.

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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 (2018)

Revenue Breakdown

Contributions & Grants $274,881
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $274,881

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $188,766
Other Expenses $220,106
TOTAL EXPENSES $220,106

Year-over-Year Comparison

2018 2017 Change
Revenue $274,881 $60,767 +3.5%
Expenses $220,106 $17,525 +11.6%
Net Income $54,775 $43,242 +0.3%
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

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Governance

Voting Members
12
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
5
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DARA SERVIS Executive Dir. 25.00
Director
$0 $0 $0
CHRIS BEALS Trustee 2.00
Director
$0 $0 $0
WILLIAM CARUSO Trustee 2.00
Director
$0 $0 $0
JAY CZARKOWSKI Trustee 2.00
Director
$0 $0 $0
KRIS KRANE Trustee 2.00
Director
$0 $0 $0
CALVIN MCKINNEY Trustee 2.00
Director
$0 $0 $0
SHANITA PENNY Trustee 2.00
Director
$0 $0 $0
HUGH O'BEIRNE President 25.00
Officer
$0 $0 $0
KELLEY CROSSON Vice President 5.00
Officer
$0 $0 $0
VICTOR HERLINSKY JR GENERAL COUNSEL 5.00
Officer
$0 $0 $0
PAUL JOSEPHSON REGULATORY COUN 5.00
Officer
$0 $0 $0
MELISSA DARDANI Treasurer 2.00
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
2018 $274,881 $220,106 $98,017 $54,775
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