New Jersey Participation Project I… - Form 990 Financial Data

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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

Jennifer May

Phone

2025051657

Tax Period

2023-01-01 to 2023-12-31

New Jersey Participation Project Inc, founded in 2022, is a small nonprofit that reported $586K in total revenue in fiscal year 2023. Revenue surged 255% from the prior year, signaling strong growth momentum. The organization ran a surplus of $509K, a strong 87% operating margin.

Mission

The organization advocates for public policy that will enhance the lives of New Jersey residents.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $594,206

In its first full calendar year of operations the organization established the beginnings of an advocacy program.

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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 $50,006

Program Service Revenue $0

Investment Income $0

Other Revenue $535,860

TOTAL REVENUE $585,866

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $77,168

TOTAL EXPENSES $77,168

Year-over-Year Comparison

	2023	2022	Change
Revenue	$585,866	$165,000	+2.6%
Expenses	$77,168	$32,038	+1.4%
Net Income	$508,698	$132,962	+2.8%

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
Gary Brown	Director and President	1.00	Officer Director	$0	$0	$0
Sharon Delaney	Treasurer	1.00	Officer	$0	$0	$0
Sean Kennedy	Director and President until Sept 11 2023	1.00	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
2023	$585,866	$77,168	$641,660	$508,698

New Jersey Participation Project Inc