NJIEC EDUCATION AND TRAINING CENTER A NJ NONPROFIT CORPORATION (EIN 874564462) - 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

2022

Legal Domicile

Principal Officer

DOMINICK PERRONE

Phone

7322762295

Tax Period

2023-01-01 to 2023-12-31

NJIEC EDUCATION AND TRAINING CENTER A NJ NONPROFIT CORPORATION, founded in 2022, is a small nonprofit in the Education sector that reported $601K in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $252K, a strong 42% operating margin.

Mission

ADMINISTER AN APPRENCTICESHIP PROGRAM TO BENEFIT THE MEMBERS OF THE NJ IEC

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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 $271,614

Program Service Revenue $329,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $600,614

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,038

Fundraising Expenses $0

Program Expenses $314,117

Other Expenses $302,979

TOTAL EXPENSES $349,017

Year-over-Year Comparison

	2023	2022	Change
Revenue	$600,614	$321,965	+0.9%
Expenses	$349,017	$139,476	+1.5%
Net Income	$251,597	$182,489	+0.4%

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

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
JOSEPH SPINELLA	President	10.00	Officer Director	$0	$0	$0
BRIAN BERG	Vice President	10.00	Officer Director	$0	$0	$0
DOMINICK PERRONE	Treasurer	10.00	Officer Director	$0	$0	$0
JOSEPH ESPOSITO	Past President	10.00	Officer 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	$600,614	$349,017	$461,470	$251,597
2022	$321,965	$139,476	$263,267	$182,489

NJIEC EDUCATION AND TRAINING CENTER A NJ NONPROFIT CORPORATION