NEW JERSEY SCHOLARS ELITE (EIN 843406869) - 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

2019

Legal Domicile

Principal Officer

JAMES RUNCIE

Phone

9735478600

Tax Period

2022-09-01 to 2023-08-31

NEW JERSEY SCHOLARS ELITE, founded in 2019, is a small nonprofit that reported $641K in total revenue in fiscal year 2022. Revenue decreased 15% compared to the prior year.

Mission

TO HELP YOUNG ADULTS AND THEIR FAMILIES PURSUE EXCELLENCE IN ALL FACETS OF THEIR LIVES BY USING COMPETITIVE BASKETBALL AS A PLATFORM. THIS PURSUIT OF EXCELLENCE ENCOMPASSES ACADEMICS, CITIZENSHIP AND SPORTSMANSHIP.

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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 $640,915

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $640,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $402

Program Expenses $633,198

Other Expenses $669,488

TOTAL EXPENSES $669,488

Year-over-Year Comparison

	2022	2021	Change
Revenue	$640,915	$751,000	-0.1%
Expenses	$669,488	$738,599	-0.1%
Net Income	$-28,573	$12,401	-3.3%

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

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
JAMES RUNCIE	CHAIRPERSON	3.00	Director	$0	$0	$0
TODD PERRY	BOARD MEMBER	3.00	Director	$0	$0	$0
JOHN MIRENDA	BOARD MEMBER	3.00	Director	$0	$0	$0
JOHN MARTINI	BOARD MEMBER	3.00	Director	$0	$0	$0
MARC MORIAL	BOARD MEMBER	3.00	Director	$0	$0	$0
NICHOLAS FELMLEE	BOARD MEMBER	3.00	Director	$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
2023	$640,915	$669,488	$15,821	$-28,573
2022	$751,000	$738,599	$44,394	$12,401
2021	$394,357	$463,899	$31,993	$-69,542
2020	$221,957	$120,422	$101,535	$101,535

NEW JERSEY SCHOLARS ELITE