NJ SUBMARINE COMMISSIONING ORGANIZATION A NONPROFIT CORPORATION (EIN 832009791) - 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

2018

Legal Domicile

Principal Officer

PETER ENGELMAN

Phone

7323959656

Tax Period

2023-07-01 to 2024-06-30

NJ SUBMARINE COMMISSIONING ORGANIZATION A NONPROFIT CORPORATION, founded in 2018, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $379K in total revenue in fiscal year 2023. Revenue surged 226% from the prior year, signaling strong growth momentum. The organization ran a surplus of $227K, a strong 60% operating margin.

Mission

TO SUPPORT THE DEDICATION CEREMONIES WITH THE COMMISSIONING OF THE USS NJ SUBMARINE.

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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 $359,751

Program Service Revenue $0

Investment Income $0

Other Revenue $18,751

TOTAL REVENUE $378,502

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $149,590

Other Expenses $148,215

TOTAL EXPENSES $151,215

Year-over-Year Comparison

	2023	2022	Change
Revenue	$378,502	$116,134	+2.3%
Expenses	$151,215	$38,133	+3.0%
Net Income	$227,287	$78,001	+1.9%

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

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM AITKEN	TRUSTEE	0.00	Director	$0	$0	$0
DAVID GUIRGUESS	TRUSTEE	0.00	Director	$0	$0	$0
TIMI LINDSAY	TRUSTEE	0.00	Director	$0	$0	$0
PHIL ROWAN	TRUSTEE	0.00	Director	$0	$0	$0
MARSHALL SPEVAK	TRUSTEE	0.00	Director	$0	$0	$0
JOE VELEZ	TRUSTEE	0.00	Director	$0	$0	$0
JACK WILLARD	TRUSTEE	0.00	Director	$0	$0	$0
CARLTON HOYE	TRUSTEE	0.00	Director	$0	$0	$0
PAUL BLODGETT	TRUSTEE	0.00	Director	$0	$0	$0
JOSEPH LARIO	TRUSTEE	0.00	Director	$0	$0	$0
STEPHEN HUTTON	TRUSTEE	0.00	Director	$0	$0	$0
MIKE ZIMMERMAN	TRUSTEE	0.00	Director	$0	$0	$0
ROB VROMAN	TRUSTEE	0.00	Director	$0	$0	$0
PETER ENGELMAN	PRESIDENT	10.00	Officer	$0	$0	$0
JULIANNE DODS	VICE PRESIDENT	10.00	Officer	$0	$0	$0
JOHN KOEHR	TREASURER	5.00	Officer	$0	$0	$0
DANIEL DERMER	SECRETARY	5.00	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
2025	No data	No data	No data	No data
2024	$378,502	$151,215	$717,984	$227,287

NJ SUBMARINE COMMISSIONING ORGANIZATION A NONPROFIT CORPORATION