NEW JERSEY EDUCATION ASSOCIATION HEALTH AND WELFARE BENEFITS TRUST (EIN 912003765) - 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

1998

Legal Domicile

Principal Officer

SEAN M SPILLER

Phone

6095994561

Tax Period

2023-09-01 to 2024-08-31

NEW JERSEY EDUCATION ASSOCIATION HEALTH AND WELFARE BENEFITS TRUST, founded in 1998, is a mid-sized nonprofit that reported $24.4M in total revenue in fiscal year 2023. The organization ran a surplus of $17.2M, a strong 70% operating margin.

Mission

THE WELFARE BENEFITS PROVIDED BY THE PLAN INCLUDE MEDICAL, PRESCRIPTION, VISION, DENTAL, DISABILITY, LIFE, ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS AND MEDICARE B REIMBURSEMENTS. PARTICIPANTS SHOULD REFER TO THE SUMMARY PLAN DESCRIPTION FOR MORE COMPLETE INFORMATION.

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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 $15,046,441

Investment Income $9,388,720

Other Revenue $0

TOTAL REVENUE $24,435,161

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $493,629

TOTAL EXPENSES $7,278,844

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,435,161	$24,578,726	0.0%
Expenses	$7,278,844	$7,031,233	+0.0%
Net Income	$17,156,317	$17,547,493	0.0%

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

$1,372,314

Key Employees

$452,308

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN M SPILLER	PRESIDENT	2.00	Director	$0	$195,157	$577,305
STEVE BEATTY	VICE PRESIDENT	2.00	Director	$0	$151,655	$440,098
PETAL T ROBERTSON	SECRETARY-TREASURER	2.00	Director	$0	$71,736	$354,911
ROBERT M LAMORTE	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
FRANCISCO C BARQUIN	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
CHRISTINE SAMPSON-CLARK	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
MARIE K BATTIST-ROCK	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
RICHARD F D'AVANZO	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
COLLEEN C GILMARTIN	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
RONALD F GRECO	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
RYAN GRIFFIN	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
MICHAEL E FRANK	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
MARK RICHARDS	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
THERESA L FULLER	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
JENNIFER HERRICK	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
STEVEN C KOUMOULIS	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
LAURIE A O'BRIEN	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
SUSAN MCBRIDE	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
PETER J MORAN	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
ASHANTI T RANKIN	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
BRENDA BRATHWAITE	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
TARSHA LAWSON	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
LOIS YUKNA	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
LAURIE GIBSON-PARKER	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
KERRI LEE FARRELL	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
AMY L SALINGER	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
ESTHER A FLETCHER	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
TAMMI J LEE	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
SUSAN R VALA	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
MARCO A MARTINEZ	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
TAMARA Y BEATTY	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
BIANCA M NICOLESCU	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
TEMIKA LANGSTON-MYERS	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
CARLA MANCUSO	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
DAWN A NICHOL-MANNING	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
BARBARA B RHEAULT	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
LISA M SIMONE	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
MELISSA TOMLINSON	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
JOAN M WRIGHT	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
STACY A YANKO	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
MATTHEW YURO	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
MATTHEW DIRADO	ADMINISTRATOR	2.00	Key Emp	$0	$155,671	$452,308

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	$24,435,161	$7,278,844	$184,690,132	$17,156,317
2023	$24,578,726	$7,031,233	$151,972,607	$17,547,493
2022	$33,144,157	$10,074,295	$131,896,753	$23,069,862
2021	$20,956,331	$6,541,159	$144,936,823	$14,415,172
2020	$21,402,550	$6,290,963	$109,448,668	$15,111,587
2019	$18,982,925	$5,679,239	$90,512,173	$13,303,686
2018	$15,872,419	$5,480,821	$80,608,280	$10,391,598

NEW JERSEY EDUCATION ASSOCIATION HEALTH AND WELFARE BENEFITS TRUST