NJLICA APPRENTICESHIP EDUCATION & TRAINING FUND (EIN 845157238) - 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

2020

Legal Domicile

Principal Officer

RONALD GAROFALO

Phone

9736307600

Tax Period

2023-01-01 to 2023-12-31

NJLICA APPRENTICESHIP EDUCATION & TRAINING FUND, founded in 2020, is a small nonprofit in the Employment sector that reported $888K in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $674K, a strong 76% operating margin.

Mission

TO FUND APPROVED APPRENTICESHIP AND CRAFT TRAINING PROGRAM TO ASSIST IN THE TRAINING AND DEVELOPMENT OF INDIVIDUALS WHO WORK IN THE LAND IMPROVEMENT CONTRACTING INDUSTRY.

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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 $0

Program Service Revenue $888,340

Investment Income $0

Other Revenue $0

TOTAL REVENUE $888,340

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $104,531

Other Expenses $214,599

TOTAL EXPENSES $214,599

Year-over-Year Comparison

	2023	2022	Change
Revenue	$888,340	$580,040	+0.5%
Expenses	$214,599	$126,089	+0.7%
Net Income	$673,741	$453,951	+0.5%

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

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
RONALD GAROFALO	CHAIR	1.00	Officer Director	$0	$0	$0
JOHN ROTHBERG	TRUSTEE	1.00	Director	$0	$0	$0
DAVE VANDER GROEF	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS WAGNER	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT WEIDENER	TRUSTEE	1.00	Director	$0	$0	$0
JEFF BAILEY	TRUSTEE	1.00	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
2024	No data	No data	No data	No data
2023	$888,340	$214,599	$1,906,754	$673,741
2022	$580,040	$126,089	$1,233,013	$453,951
2021	$517,060	$46,654	$779,062	$470,406
2020	$323,000	$14,344	$308,656	$308,656

NJLICA APPRENTICESHIP EDUCATION & TRAINING FUND