NEW JERSEY STATE ELKS ASSOCIATION NATION AL VETERANS SERVICE CHARITY FUND INC

EIN: 831173708 501(c)(3) Human Services

TOTOWA, NJ

Total Revenue
$564,792
Total Expenses
$388,070
Total Assets
$732,724
Net Assets
$732,724
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
NJ
Principal Officer
JOHN SZCZOMAK
Phone
2019065319
Tax Period
2024-01-01 to 2024-12-31

NEW JERSEY STATE ELKS ASSOCIATION NATION AL VETERANS SERVICE CHARITY FUND INC, founded in 2018, is a small nonprofit in the Human Services sector that reported $565K in total revenue in fiscal year 2024. The organization ran a surplus of $177K, a strong 31% operating margin.

Mission

TO HELP THE NEEDY, OTHER CHARITABLE ORGANIZATIONS, TO GIVE FINANCIAL AID AND CARE TO HOSPITALIZED VETERANS, VETERANS WHO WERE WOUNDED IN THE SERVICE OF OUR COUNTRY, FAMILIES OF VETERANS WHO DIED OR WERE WOUNDED IN THE SERVICE OF OUR COUNTRY, HANDICAPPED CHILDREN AND THE YOUTH OF THIS STATE AND SUCH OTHER CHARITABLE AND BENEVOLENT UNDERTAKINGS AS APPROVED BY THE TRUSTEES OF THIS CORPORATION.TO RAISE AND TO ACCEPT BY GIFTS, DONATIONS, GRANTS, BEQUESTS AND DEVISES, MONEY OR PROPERTY TO BE USED FOR THE CHARITABLE AND BENEVOLENT PURPOSE ENUMERATED HEREIN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $296,844
Program Service Revenue $244,178
Investment Income $23,770
Other Revenue $0
TOTAL REVENUE $564,792

Expense Breakdown

Grants Paid $307,837
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $388,070
Other Expenses $80,233
TOTAL EXPENSES $388,070

Year-over-Year Comparison

2024 2023 Change
Revenue $564,792 $536,325 +0.1%
Expenses $388,070 $510,576 -0.2%
Net Income $176,722 $25,749 +5.9%
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

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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
5
Independent Members
5
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
1
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT BINETTI Trustee 10.00
Director
$0 $0 $0
ROY R DERITTER Trustee 10.00
Director
$0 $0 $0
RICHARD TABACHUK Trustee 10.00
Director
$0 $0 $0
JOHN SZCZOMAK Trustee 10.00
Director
$0 $0 $0
RICHARD BARD Trustee 10.00
Director
$0 $0 $0
KENNETH LOW Treasurer 10.00
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 $564,792 $388,070 $732,724 $176,722
2023 $536,325 $510,576 $556,002 $25,749
2022 $418,735 $333,411 $530,253 $85,324
2021 $378,312 $256,567 $444,929 $121,745
2020 $217,332 $223,530 $323,184 $-6,198
2019 $274,483 $206,886 $329,382 $67,597
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