Is New Jersey Association For Floodplain Management Legit?

The New Jersey Association For Floodplain Management demonstrates generally sound financial health, with recent years showing positive net income and a growing asset base. In 2023, the organization reported revenue of $250,995 against expenses of $199,979, resulting in a surplus that contributed to an increase in assets to $138,552. This trend of revenue exceeding expenses, particularly in 2023 and 2021, indicates effective financial management after a period of fluctuating performance, such as the deficit in 2022 where expenses ($194,455) exceeded revenue ($181,310). The organization's spending efficiency appears strong, especially given its mission. With no reported officer compensation, a significant portion of its expenditures is likely directed towards its programs and operational needs. The consistent reporting of zero liabilities across all available filings is a strong indicator of fiscal responsibility and a healthy balance sheet, minimizing financial risk. The NTEE code M20 (Environmental Protection & Conservation) suggests a focus on public benefit, and the financial data supports an organization that is managing its resources to achieve its mission. Transparency is excellent, as evidenced by the consistent filing of IRS Form 990s and the absence of officer compensation, which often raises questions in other nonprofits. The detailed financial history provided allows for a clear understanding of its financial trajectory, showing growth in revenue and assets over the past decade, albeit with some year-to-year fluctuations. The organization's ability to maintain a healthy asset base without incurring debt further enhances its financial stability and transparency.