STOCKTON AFFILIATED SERVICES INC

EIN: 943435466 501(c)(3)

GALLOWAY, NJ

Total Revenue
$6,494,919
Total Expenses
$7,702,716
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NJ
Principal Officer
JENNIFER POTTER
Phone
6096524381
Tax Period
2020-07-01 to 2021-06-30

STOCKTON AFFILIATED SERVICES INC, founded in 2008, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2020. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $7.7M exceeded revenue, resulting in a 19% operating deficit.

Mission

STOCKTON AFFILIATED SERVICES, INC. IS A SELF-SUPPORTING ENTERPRISE ESTABLISHED TO INCREASE, EXPAND AND IMPROVE SERVICE LEVELS AT STOCKTON UNIVERSITY. STOCKTON AFFILIATED SERVICES, INC. PROVIDES EFECTIVE, EFFICIENT AND INNOVATIVE BUSINESS SOLUTIONS THAT ASSIST THE UNIVERSITY ACHIEVE ITS TEACHING, RESEARCH, SCHOLARSHIP AND PUBLIC SERVICE MISSIONS WHILE IMPROVING OPERATING RESULTS AND THE FINANCIAL POSITION OF THE UNIVERSITY.

Program Service Accomplishments

Program 1
Expenses: $5,968,583 Revenue: $3,789,222

STOCKTON AFFILIATED SERVICES, INC. PROVIDES FOOD SERVICES IN SUPPORT OF THE UNIVERSITY'S MISSION. FOOD SERVICES ARE PROVIDED TO APPROXIMATELY 8,850 STUDENTS, 3,200 EMPLOYEES, AS WELL AS VISITORS TO...

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STOCKTON AFFILIATED SERVICES, INC. PROVIDES FOOD SERVICES IN SUPPORT OF THE UNIVERSITY'S MISSION. FOOD SERVICES ARE PROVIDED TO APPROXIMATELY 8,850 STUDENTS, 3,200 EMPLOYEES, AS WELL AS VISITORS TO THE CAMPUS. STOCKTON AFFILIATED SERVICES IS PARTNERED WITH CHARTWELLS. CHARTWELLS SERVES MANY HIGHER EDUCATION INSTITUTIONS AROUND THE WORLD AND IS DEDICATED TO PROVIDING "FUN, HEALTHY DINING OPTIONS", GREAT SERVICE, AND LISTENING CLOSELY TO THE NEEDS AND OPINIONS OF STOCKTON STUDENTS. AT COLLEGES AND UNIVERSITIES, CHARTWELLS PERFORMS WEEKLY ON-LINE SURVEYS, FOOD PREFERENCE SURVEYS, CUSTOMER SATISFACTION SURVEYS, ANNUAL VOLUNTARY ROUND TABLE DISCUSSIONS AND NATIONWIDE RESEARCH.

Program 2
Expenses: $108,000

STOCKTON AFFILIATED SERVICES, INC. PROVIDES GENERAL INSTITUTIONAL SUPPORT FOR THE UNIVERSITY'S MISSION, WHICH CAN BRIEFLY BE CHARACTERIZED AS EDUCATION, RESEARCH AND SERVICE. THE SUPPORT THAT IS...

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STOCKTON AFFILIATED SERVICES, INC. PROVIDES GENERAL INSTITUTIONAL SUPPORT FOR THE UNIVERSITY'S MISSION, WHICH CAN BRIEFLY BE CHARACTERIZED AS EDUCATION, RESEARCH AND SERVICE. THE SUPPORT THAT IS PROVIDED IN THIS AREA IS ALMOST ENTIRELY GENERAL REVENUE THAT CAN BE USED FOR ANY ACTIVITY WITHIN THE UNIVERSITY'S MISSION. IN GENERAL, THE INDIVIDUALS SERVED ARE APPROXIMATELY 8,850 STUDENTS OF THE UNIVERSITY. THOUGH MUCH OF THE UNIVERSITY'S MISSION-RELATED ACTIVITY SERVES THE GENERAL PUBLIC AS WELL.

Program 3
Expenses: $1,044,083 Revenue: $1,620,300

STOCKTON AFFILIATED SERVICES, INC. PROVIDES TRANSPORTATION AND SAFETY SUPPORT FOR THE UNIVERSITY'S MISSION. TRANSPORTATION IS PROVIDED FOR APPROXIMATELY 8,850 STUDENTS AND 3,200 FACULTY AND STAFF OF...

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STOCKTON AFFILIATED SERVICES, INC. PROVIDES TRANSPORTATION AND SAFETY SUPPORT FOR THE UNIVERSITY'S MISSION. TRANSPORTATION IS PROVIDED FOR APPROXIMATELY 8,850 STUDENTS AND 3,200 FACULTY AND STAFF OF STOCKTON UNIVERSITY. SERVICES ARE PROVIDED ON CAMPUS FROM THE RESIDENTIAL AREAS TO THE ADMINISTRATIVE AND TEACHING FACILITIES OF THE UNIVERSITY. TRANSPORTATION IS ALSO PROVIDED TO AND FROM STAOCKTON'S PARKWAY BUILDING FOR CLINICS AND CLASSES, AS WELL AS FOR THE ATHLETIC TEAMS AND COLLEGE EVENTS. BEGINNING IN THE FALL OF 2018 THE TRANSPORTATION SERVICE AREA EXTENDED TO AND FROM THE UNIVERSITY'S NEW ATLANTIC CITY CAMPUS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $57,924
Program Service Revenue $6,433,727
Investment Income $-16,928
Other Revenue $20,196
TOTAL REVENUE $6,494,919

Expense Breakdown

Grants Paid $128,000
Salaries & Benefits $100,362
Fundraising Expenses $0
Program Expenses $7,327,188
Other Expenses $7,474,354
TOTAL EXPENSES $7,702,716

Year-over-Year Comparison

2020 2019 Change
Revenue $6,494,919 $12,674,409 -0.5%
Expenses $7,702,716 $13,329,587 -0.4%
Net Income $-1,207,797 $-655,178 +0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
7
Employees
35
Volunteers
7

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
4
$670,464
Total Directors
14
$1,860,556
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR HARVEY KESSELMAN BOARD MEMBER 1.00
Director
$0 $168,236 $1,014,569
E MICHAEL ANGULO ESQ CHAIR 1.00
Officer Director
$0 $37,472 $245,372
JENNIFER M POTTER PRESIDENT OF SASI 1.00
Officer Director
$0 $36,656 $234,519
AUDREY LATOURETTE ESQ SECRETARY/TREASURER 1.00
Officer Director
$0 $26,129 $190,573
DR MICHAEL BUSLER BOARD MEMBER 1.00
Director
$0 $14,048 $175,523
LAWRENCE A HUFF VICE CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL B AZEEZ BOARD MEMBER 1.00
Director
$0 $0 $0
RUSSELL BANKS BOARD MEMBER 1.00
Director
$0 $0 $0
RAYMOND CICCONE BOARD MEMBER (AS OF 09/2020) 1.00
Director
$0 $0 $0
SOPHIE MURRAY BOARD MEMBER 1.00
Director
$0 $0 $0
GEORGEANNA TRACEY NEWMONES BOARD MEMBER 1.00
Director
$0 $0 $0
SAMUEL PAYAMPS BOARD MEMBER (AS OF 07/2020) 1.00
Director
$0 $0 $0
DAMIAN MAJEWSKI BOARD MEMBER (THRU 07/2020) 1.00
Director
$0 $0 $0
LEO B SCHOFFER ESQ BOARD MEMBER (THRU 09/2020) 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
2021 $6,494,919 $7,702,716 No data $-1,207,797
2020 $12,674,409 $13,329,587 $3,017,488 $-655,178
2019 $14,843,402 $16,098,161 $4,043,114 $-1,254,759
2018 $14,157,097 $13,106,256 $5,526,231 $1,050,841
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