Is New Jersey State Bar Association Legit?

The New Jersey State Bar Association (NJSBA) demonstrates consistent financial activity, with revenues and expenses generally in the range of $9 million to $12 million over the past decade. In the most recent filing (202306), the organization reported expenses ($10,817,554) exceeding revenue ($9,758,461), resulting in a deficit for that period. However, this follows a surplus in 202206 ($10,599,086 revenue vs. $9,999,959 expenses) and a significant surplus in 202106 ($9,258,794 revenue vs. $7,648,709 expenses), indicating some variability in annual financial performance. The organization maintains a healthy asset base, with assets consistently exceeding liabilities, suggesting financial stability despite annual fluctuations. For instance, in 202306, assets were $11,529,178 against liabilities of $4,769,793. The NJSBA's financial transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available. A notable aspect is the reported 0% officer compensation across all available filings, which suggests that the highest-ranking officers may not be directly compensated through the organization's reported officer compensation line item, or that their compensation is categorized differently. This warrants further investigation to understand the full compensation structure for key personnel. Without detailed program spending breakdowns from the provided data, it's challenging to fully assess spending efficiency, but the overall financial health appears stable with a strong asset-to-liability ratio.