THE FOUNDATION FOR THE NEW JERSEY HALL OF FAME INC (EIN 823388371) - 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

2014

Legal Domicile

Principal Officer

STEVE EDWARDS

Phone

6094339340

Tax Period

2022-07-01 to 2023-06-30

THE FOUNDATION FOR THE NEW JERSEY HALL OF FAME INC, founded in 2014, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $11.2M in total revenue in fiscal year 2022. Revenue surged 197% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.2M, a strong 82% operating margin.

Mission

TO CELEBRATE THE GARDEN STATE, TO HONOR OUR LEGENDS, AND TO INSPIRE OUR CHILDREN.

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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 (2022)

Revenue Breakdown

Contributions & Grants $10,988,365

Program Service Revenue $188,500

Investment Income $4,237

Other Revenue $0

TOTAL REVENUE $11,181,102

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $375,628

Fundraising Expenses $65,838

Program Expenses $1,774,081

Other Expenses $1,583,482

TOTAL EXPENSES $1,969,110

Year-over-Year Comparison

	2022	2021	Change
Revenue	$11,181,102	$3,760,129	+2.0%
Expenses	$1,969,110	$1,795,033	+0.1%
Net Income	$9,211,992	$1,965,096	+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

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

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

$214,667

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN F HANSON	CHAIRMAN	10.00	Officer Director	$0	$0	$0
STEVE EDWARDS	PRESIDENT	20.00	Officer Director	$0	$0	$0
DAVID SMITH	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TED KNAUSS	TREASURER	2.00	Officer Director	$0	$0	$0
JOHN KEEGAN	CHAIRMAN EMERITUS	5.00	Director	$0	$0	$0
TONY ARMLIN	TRUSTEE	2.00	Director	$0	$0	$0
TOM BRACKEN	TRUSTEE	2.00	Director	$0	$0	$0
TERRY FRASSETTO	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT GARRETT	TRUSTEE	2.00	Director	$0	$0	$0
ANGELO GENOVA	TRUSTEE	2.00	Director	$0	$0	$0
AMY MANSUE	OUTGOING-TRUSTEE	2.00	Director	$0	$0	$0
KEVIN MCCABE	TRUSTEE	2.00	Director	$0	$0	$0
DAVID MUNSHINE	TRUSTEE	2.00	Director	$0	$0	$0
GARY TAFFET	TRUSTEE	2.00	Director	$0	$0	$0
FINN WENTWORTH	TRUSTEE	2.00	Director	$0	$0	$0
SEAN SPILLER	TRUSTEE	2.00	Director	$0	$0	$0
CALVIN LEDFORD	TRUSTEE	2.00	Director	$0	$0	$0
FLETCH CREAMER JR	TRUSTEE	2.00	Director	$0	$0	$0
TOM SULLIVAN	TRUSTEE	2.00	Director	$0	$0	$0
JIM ROBERTS	EXECUTIVE DIRECTOR, THRU 2/28/23	40.00	Officer	$214,667	$0	$214,667

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	No data	No data	No data	No data
2023	$11,181,102	$1,969,110	$23,836,815	$9,211,992
2022	$3,760,129	$1,795,033	$6,868,457	$1,965,096
2021	$6,112,538	$769,079	$7,835,508	$5,343,459
2020	$1,528,407	$905,118	$1,915,952	$623,289
2019	$1,077,145	$488,719	$2,352,518	$588,426
2018	$1,086,826	$721,158	$834,629	$365,668

THE FOUNDATION FOR THE NEW JERSEY HALL OF FAME INC