New Jersey Self Insurers Association
New Jersey Self Insurers Association: Declining Revenue and Asset Trends
EIN: 221153815 · Clark, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $172K |
| Total Expenses | $186K |
| CEO/Top Officer Pay | $0 |
| Net Assets | $189K |
| Transparency Score | 45/100 |
Is New Jersey Self Insurers Association Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Jersey Self Insurers Association
New Jersey Self Insurers Association (EIN: 221153815) is a nonprofit organization based in Clark, NJ. The organization reported total revenue of $172K and total assets of $166K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey Self Insurers Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Jersey Self Insurers Association is a small nonprofit that has been operating for 84 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $166K |
| Total Expenses | $186K |
| Surplus / Deficit | $-20,122 |
| Total Assets | $189K |
| Net Assets | $189K |
| Operating Margin | -12.1% |
| Months of Reserves | 12.2 months |
Financial Health Grade: B
In 2023, New Jersey Self Insurers Association reported a deficit of $20K with expenses exceeding revenue, holds 12.2 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2023), New Jersey Self Insurers Association's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.1% | +9.7% | -9.6% |
| 2022 | +450.2% | +161.5% | -21.2% |
| 2021 | -82.1% | -2.7% | -14.3% |
| 2020 | -41.6% | -63.8% | +18.6% |
| 2019 | +-0.0% | -8.1% | +5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1942 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Jersey Self Insurers Association with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, New Jersey Self Insurers Association allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $20K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is unusual for an organization with reported expenses.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of New Jersey Self Insurers Association's IRS 990 filings:
- Consistent reporting of $0 for officer, director, trustee, and key employee compensation despite significant expenses (e.g., $185,868 in 2023).
- Lack of clear program spending, with 100% of reported expenses categorized as administrative.
- Significant decline in assets from $308,895 in 2020 to $188,500 in 2023.
- The organization's net assets have consistently decreased over the past several years.
Strengths
The following positive indicators were identified for New Jersey Self Insurers Association:
- The organization consistently files its financial reports.
Frequently Asked Questions about New Jersey Self Insurers Association
Is New Jersey Self Insurers Association a legitimate charity?
Based on AI analysis of IRS 990 filings, New Jersey Self Insurers Association (EIN: 221153815) significant concerns. Mission Score: 45/100. 4 red flags identified, 1 strength noted.
How does New Jersey Self Insurers Association spend its money?
Detailed spending breakdown data is not yet available for New Jersey Self Insurers Association. Check back for updated IRS 990 analysis.
Are donations to New Jersey Self Insurers Association tax-deductible?
New Jersey Self Insurers Association is registered as a tax-exempt nonprofit (EIN: 221153815). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Jersey Self Insurers Association CEO make?
New Jersey Self Insurers Association's highest-compensated officer earns $0 annually. The organization reported $172K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is New Jersey Self Insurers Association located?
New Jersey Self Insurers Association is headquartered in Clark, New Jersey and files with the IRS under EIN 221153815.
How many years of IRS 990 filings does New Jersey Self Insurers Association have?
New Jersey Self Insurers Association has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $172K in total revenue.
What does New Jersey Self Insurers Association do?
New Jersey Self Insurers Association is a nonprofit organization in the Unknown sector, located in Clark, New Jersey. It is classified under NTEE code Unknown.
How much revenue does New Jersey Self Insurers Association have?
New Jersey Self Insurers Association reported total revenue of $172,431. Based on 14 IRS 990 filings on record.
What are New Jersey Self Insurers Association's total assets?
New Jersey Self Insurers Association holds total assets of $165,706 as reported in IRS 990 filings.
Where is New Jersey Self Insurers Association located?
New Jersey Self Insurers Association is based in Clark, New Jersey.
What is New Jersey Self Insurers Association's EIN?
New Jersey Self Insurers Association's Employer Identification Number (EIN) is 221153815. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Jersey Self Insurers Association?
New Jersey Self Insurers Association is classified under NTEE code Unknown (Unknown).
Is New Jersey Self Insurers Association a registered 501(c)(3)?
New Jersey Self Insurers Association appears in IRS records (EIN: 221153815). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New Jersey Self Insurers Association file IRS Form 990?
Yes, New Jersey Self Insurers Association has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New Jersey Self Insurers Association's revenue in 2023?
In the 202312 filing period, New Jersey Self Insurers Association reported total revenue of $165,746, total expenses of $185,868, and net assets of $188,500.
Is New Jersey Self Insurers Association's revenue growing or declining?
New Jersey Self Insurers Association's revenue is growing. Revenue went from $113,416 (202212) to $165,746 (202312), a +46.1% change. Based on 14 filings on record.
What is New Jersey Self Insurers Association's most recent 990 filing?
The most recent IRS Form 990 filing for New Jersey Self Insurers Association covers tax period 202312. It shows revenue of $165,746, expenses of $185,868, total assets of $188,500, and liabilities of N/A.
Is New Jersey Self Insurers Association a trustworthy charity?
Based on AI analysis of IRS 990 data, New Jersey Self Insurers Association shows mixed signals. Mission Score: 45/100 (Fair). 4 red flags identified. 1 strength noted.
What are the red flags for New Jersey Self Insurers Association?
The following concerns were identified: Consistent reporting of $0 for officer, director, trustee, and key employee compensation despite significant expenses (e.g., $185,868 in 2023).. Lack of clear program spending, with 100% of reported expenses categorized as administrative.. Significant decline in assets from $308,895 in 2020 to $188,500 in 2023.. The organization's net assets have consistently decreased over the past several years.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Jersey Self Insurers Association's strengths?
Positive indicators for New Jersey Self Insurers Association include: The organization consistently files its financial reports.. These findings are derived from AI analysis of the organization's financial filings.
How does New Jersey Self Insurers Association compensate executives?
Executive compensation is reported as $0 across all available filings, which is unusual for an organization with reported expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization operate with $0 reported executive compensation while incurring substantial expenses?
The filings consistently show $0 for compensation to officers, directors, trustees, and key employees. This suggests that either the leadership is entirely volunteer-based, or compensation is being reported under other expense categories, or through an affiliated entity not detailed in these filings. For example, in 2023, total expenses were $185,868, none of which was attributed to executive compensation.
What are the specific program services provided by the New Jersey Self Insurers Association, given that 100% of reported expenses are administrative?
Based on the provided data, all reported expenses are categorized as administrative, with $0 allocated to programs. This raises questions about the nature of their activities and how they fulfill their mission without direct program spending. Further investigation into their mission statement and activities would be necessary to understand their operational model.
Filing History
IRS 990 filing history for New Jersey Self Insurers Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), New Jersey Self Insurers Association's revenue has grown by 101.6%, moving from $82K to $166K. Total assets increased by 291.7% over the same period, from $48K to $189K. Total functional expenses rose by 125.4%, from $82K to $186K. In its most recent filing year (2023), New Jersey Self Insurers Association reported a deficit of $20K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $166K | $186K | $189K | $0 | — | — |
| 2022 | $113K | $169K | $209K | $0 | — | View 990 |
| 2021 | $21K | $65K | $265K | $0 | — | View 990 |
| 2020 | $115K | $67K | $309K | $0 | — | — |
| 2019 | $197K | $184K | $260K | $0 | — | View 990 |
| 2018 | $197K | $200K | $247K | $0 | — | View 990 |
| 2017 | $174K | $153K | $250K | $0 | — | View 990 |
| 2016 | $9K | $18K | $229K | $0 | — | View 990 |
| 2016 | $166K | $122K | $238K | $0 | — | View 990 |
| 2015 | $144K | $105K | $194K | $0 | — | View 990 |
| 2014 | $125K | $84K | $154K | $0 | — | View 990 |
| 2013 | $104K | $65K | $114K | $0 | — | View 990 |
| 2012 | $95K | $68K | $75K | $0 | — | View 990 |
| 2011 | $82K | $82K | $48K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $166K, expenses of $186K, and assets of $189K (revenue +46.1% year-over-year).
- 2022: Revenue of $113K, expenses of $169K, and assets of $209K (revenue +450.2% year-over-year).
- 2021: Revenue of $21K, expenses of $65K, and assets of $265K (revenue -82.1% year-over-year).
- 2020: Revenue of $115K, expenses of $67K, and assets of $309K (revenue -41.6% year-over-year).
- 2019: Revenue of $197K, expenses of $184K, and assets of $260K (revenue +-0.0% year-over-year).
- 2018: Revenue of $197K, expenses of $200K, and assets of $247K (revenue +13.3% year-over-year).
- 2017: Revenue of $174K, expenses of $153K, and assets of $250K (revenue +1806.5% year-over-year).
- 2016: Revenue of $9K, expenses of $18K, and assets of $229K (revenue -94.5% year-over-year).
- 2016: Revenue of $166K, expenses of $122K, and assets of $238K (revenue +14.8% year-over-year).
- 2015: Revenue of $144K, expenses of $105K, and assets of $194K (revenue +15.9% year-over-year).
- 2014: Revenue of $125K, expenses of $84K, and assets of $154K (revenue +19.8% year-over-year).
- 2013: Revenue of $104K, expenses of $65K, and assets of $114K (revenue +9.3% year-over-year).
- 2012: Revenue of $95K, expenses of $68K, and assets of $75K (revenue +15.8% year-over-year).
- 2011: Revenue of $82K, expenses of $82K, and assets of $48K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Jersey Self Insurers Association:
Data Sources and Methodology
This transparency report for New Jersey Self Insurers Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.