New Jersey Subcontractors Association Inc
New Jersey Subcontractors Association Inc: Declining Revenue and High Administrative Costs Raise Concerns
EIN: 221945360 · Wayne, NJ · NTEE: S41 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $215K |
| Total Expenses | $262K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $118K |
| Transparency Score | 65/100 |
Is New Jersey Subcontractors Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Jersey Subcontractors Association Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About New Jersey Subcontractors Association Inc
New Jersey Subcontractors Association Inc (EIN: 221945360) is a nonprofit organization based in Wayne, NJ, classified under NTEE code S41. The organization reported total revenue of $215K and total assets of $75K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey Subcontractors Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Jersey Subcontractors Association Inc is a small nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $300K |
| Total Expenses | $262K |
| Surplus / Deficit | +$38K |
| Total Assets | $140K |
| Total Liabilities | $22K |
| Net Assets | $118K |
| Operating Margin | 12.5% |
| Debt-to-Asset Ratio | 15.7% |
| Months of Reserves | 6.4 months |
Financial Health Grade: A
In 2023, New Jersey Subcontractors Association Inc reported a surplus of $38K with revenue exceeding expenses, holds 6.4 months of operating reserves (strong position), has a debt-to-asset ratio of 15.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Jersey Subcontractors Association Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.4% | -14.3% | +53.6% |
| 2022 | +426.5% | +197.2% | -23.8% |
| 2021 | -65.3% | -40.6% | -16.7% |
| 2020 | -42.3% | -31.7% | -3.2% |
| 2019 | +10.0% | +14.5% | +26.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1975 |
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 Subcontractors Association Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, New Jersey Subcontractors Association Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $38K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.7%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which, while seemingly positive, warrants further investigation to understand how leadership is compensated or if this indicates a fully volunteer-run organization.
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 Subcontractors Association Inc's IRS 990 filings:
- Consistent reporting of $0 for officer, director, trustee, and key employee compensation across all years, despite significant expenses.
- Revenue has shown a general downward trend over the past several years, from $306,166 in 2017 to $299,873 in 2023, with a notable drop in 2021 to $56,707.
- Administrative expenses (implied by 'x' in data) are a significant portion of total expenses, for example, $262,302 out of $299,873 in 2023, suggesting a high overhead relative to revenue.
Strengths
The following positive indicators were identified for New Jersey Subcontractors Association Inc:
- The organization maintains a positive asset balance, with assets of $139,776 in 2023.
- Despite revenue fluctuations, the organization has consistently reported positive net assets.
Frequently Asked Questions about New Jersey Subcontractors Association Inc
Is New Jersey Subcontractors Association Inc a legitimate charity?
New Jersey Subcontractors Association Inc (EIN: 221945360) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $215K. 3 red flags identified. 2 strengths noted. Financial health grade: A.
How does New Jersey Subcontractors Association Inc spend its money?
New Jersey Subcontractors Association Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to New Jersey Subcontractors Association Inc tax-deductible?
New Jersey Subcontractors Association Inc is registered as a tax-exempt nonprofit (EIN: 221945360). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Jersey Subcontractors Association Inc CEO make?
New Jersey Subcontractors Association Inc's highest-compensated officer earns $0 annually. The organization reported $215K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New Jersey Subcontractors Association Inc's spending goes to programs?
New Jersey Subcontractors Association Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does New Jersey Subcontractors Association Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), New Jersey Subcontractors Association Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Jersey Subcontractors Association Inc located?
New Jersey Subcontractors Association Inc is headquartered in Wayne, New Jersey and files with the IRS under EIN 221945360. It is classified under NTEE code S41.
How many years of IRS 990 filings does New Jersey Subcontractors Association Inc have?
New Jersey Subcontractors Association Inc has 13 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 $215K in total revenue.
What does New Jersey Subcontractors Association Inc do?
New Jersey Subcontractors Association Inc is a nonprofit organization in the Community Improvement sector, located in Wayne, New Jersey. It is classified under NTEE code S41.
How much revenue does New Jersey Subcontractors Association Inc have?
New Jersey Subcontractors Association Inc reported total revenue of $215,288. Based on 13 IRS 990 filings on record.
What are New Jersey Subcontractors Association Inc's total assets?
New Jersey Subcontractors Association Inc holds total assets of $74,931 as reported in IRS 990 filings.
Where is New Jersey Subcontractors Association Inc located?
New Jersey Subcontractors Association Inc is based in Wayne, New Jersey.
What is New Jersey Subcontractors Association Inc's EIN?
New Jersey Subcontractors Association Inc's Employer Identification Number (EIN) is 221945360. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Jersey Subcontractors Association Inc?
New Jersey Subcontractors Association Inc is classified under NTEE code S41 (Community Improvement).
Is New Jersey Subcontractors Association Inc a registered 501(c)(3)?
Yes, New Jersey Subcontractors Association Inc is recognized as a tax-exempt organization by the IRS. EIN: 221945360.
Does New Jersey Subcontractors Association Inc file IRS Form 990?
Yes, New Jersey Subcontractors Association Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was New Jersey Subcontractors Association Inc's revenue in 2023?
In the 202306 filing period, New Jersey Subcontractors Association Inc reported total revenue of $299,873, total expenses of $262,302, and net assets of $139,776.
Is New Jersey Subcontractors Association Inc's revenue growing or declining?
New Jersey Subcontractors Association Inc's revenue is relatively stable. Revenue went from $298,582 (202206) to $299,873 (202306), a +0.4% change. Based on 13 filings on record.
What is New Jersey Subcontractors Association Inc's most recent 990 filing?
The most recent IRS Form 990 filing for New Jersey Subcontractors Association Inc covers tax period 202306. It shows revenue of $299,873, expenses of $262,302, total assets of $139,776, and liabilities of $21,975.
How much does New Jersey Subcontractors Association Inc spend on programs vs administration?
Based on IRS 990 analysis, New Jersey Subcontractors Association Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is New Jersey Subcontractors Association Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, New Jersey Subcontractors Association Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for New Jersey Subcontractors Association Inc?
The following concerns were identified: Consistent reporting of $0 for officer, director, trustee, and key employee compensation across all years, despite significant expenses.. Revenue has shown a general downward trend over the past several years, from $306,166 in 2017 to $299,873 in 2023, with a notable drop in 2021 to $56,707.. Administrative expenses (implied by 'x' in data) are a significant portion of total expenses, for example, $262,302 out of $299,873 in 2023, suggesting a high overhead relative to revenue.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Jersey Subcontractors Association Inc's strengths?
Positive indicators for New Jersey Subcontractors Association Inc include: The organization maintains a positive asset balance, with assets of $139,776 in 2023.. Despite revenue fluctuations, the organization has consistently reported positive net assets.. These findings are derived from AI analysis of the organization's financial filings.
How does New Jersey Subcontractors Association Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which, while seemingly positive, warrants further investigation to understand how leadership is compensated or if this indicates a fully volunteer-run organization. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported $0 executive compensation, how does the organization attract and retain leadership, and what is the true cost of administrative oversight?
The consistent $0 compensation for key personnel suggests either a fully volunteer-led structure or that compensation is reported under different expense categories, which would obscure the true administrative cost and leadership remuneration.
What factors contributed to the significant revenue drop in 2021 to $56,707, and how has the organization adapted its operations in response to such fluctuations?
The data does not provide specific reasons for the sharp decline in revenue in 2021. Understanding the cause (e.g., pandemic impact, loss of major funding) and the subsequent recovery strategy is crucial for assessing financial resilience.
Filing History
IRS 990 filing history for New Jersey Subcontractors Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Jersey Subcontractors Association Inc's revenue has declined by 24.4%, moving from $397K to $300K. Total assets increased by 47.6% over the same period, from $95K to $140K. Total functional expenses fell by 40.6%, from $442K to $262K. In its most recent filing year (2023), New Jersey Subcontractors Association Inc reported a surplus of $38K, with revenue exceeding expenses. The organization holds $22K in liabilities against $140K in assets (debt-to-asset ratio: 15.7%), resulting in net assets of $118K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $300K | $262K | $140K | $22K | — | View 990 |
| 2022 | $299K | $306K | $91K | $11K | — | View 990 |
| 2021 | $57K | $103K | $119K | $32K | — | View 990 |
| 2020 | $164K | $173K | $143K | $9K | — | View 990 |
| 2019 | $284K | $254K | $148K | $4K | — | View 990 |
| 2018 | $258K | $222K | $118K | $4K | — | View 990 |
| 2017 | $306K | $230K | $97K | $20K | — | View 990 |
| 2016 | $23K | $69K | $48K | $46K | — | View 990 |
| 2015 | $168K | $199K | $51K | $3K | — | View 990 |
| 2014 | $266K | $331K | $79K | $0 | — | View 990 |
| 2013 | $354K | $374K | $144K | $0 | — | View 990 |
| 2012 | $312K | $267K | $140K | $0 | — | View 990 |
| 2011 | $397K | $442K | $95K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $300K, expenses of $262K, and assets of $140K (revenue +0.4% year-over-year).
- 2022: Revenue of $299K, expenses of $306K, and assets of $91K (revenue +426.5% year-over-year).
- 2021: Revenue of $57K, expenses of $103K, and assets of $119K (revenue -65.3% year-over-year).
- 2020: Revenue of $164K, expenses of $173K, and assets of $143K (revenue -42.3% year-over-year).
- 2019: Revenue of $284K, expenses of $254K, and assets of $148K (revenue +10.0% year-over-year).
- 2018: Revenue of $258K, expenses of $222K, and assets of $118K (revenue -15.7% year-over-year).
- 2017: Revenue of $306K, expenses of $230K, and assets of $97K (revenue +1249.2% year-over-year).
- 2016: Revenue of $23K, expenses of $69K, and assets of $48K (revenue -86.5% year-over-year).
- 2015: Revenue of $168K, expenses of $199K, and assets of $51K (revenue -36.8% year-over-year).
- 2014: Revenue of $266K, expenses of $331K, and assets of $79K (revenue -25.1% year-over-year).
- 2013: Revenue of $354K, expenses of $374K, and assets of $144K (revenue +13.7% year-over-year).
- 2012: Revenue of $312K, expenses of $267K, and assets of $140K (revenue -21.5% year-over-year).
- 2011: Revenue of $397K, expenses of $442K, and assets of $95K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Jersey Subcontractors Association Inc:
Data Sources and Methodology
This transparency report for New Jersey Subcontractors Association Inc 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.