Is New Jersey Association Of Election Officals Inc Legit?

The New Jersey Association Of Election Officials Inc. demonstrates a consistent operational history with fluctuating but generally stable financial activity. Over the past eight years, the organization's revenue has varied significantly, from a low of $23,786 in 2021 to a high of $168,968 in 2019, with the latest reported revenue at $139,604 for the 2023 period. Expenses have largely tracked revenue, indicating that the organization operates close to a break-even point in most years, as seen in 2023 where expenses ($156,994) slightly exceeded revenue ($139,604). This suggests a focus on utilizing funds for current operations rather than accumulating large surpluses. The organization's asset base has shown steady growth over time, increasing from $101,552 in 2016 to $184,544 in 2023, indicating prudent financial management and a healthy balance sheet with no reported liabilities across all periods. This lack of liabilities is a strong indicator of financial stability. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-driven leadership model, which can contribute to lower administrative costs and a higher proportion of funds directed towards its mission. However, without detailed expense breakdowns (program, administrative, fundraising), a precise assessment of spending efficiency is limited. Overall, the New Jersey Association Of Election Officials Inc. appears to be a financially stable organization with a strong balance sheet and a history of operating without debt. Its consistent filing of IRS Form 990s demonstrates a commitment to transparency. The absence of officer compensation is a notable positive, suggesting efficient use of resources. Further analysis would benefit from a detailed breakdown of expenses to fully understand its spending efficiency across program, administrative, and fundraising categories.