The New Jersey Titans Hockey Club Inc
New Jersey Titans Hockey Club Inc. faces significant and growing liabilities, consistently exceeding assets, despite recent revenue growth.
EIN: 200944132 · Wall Township, NJ · NTEE: N60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.9M |
| Total Expenses | $7.7M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $-7,547,359 |
| Transparency Score | 65/100 |
Is The New Jersey Titans Hockey Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The New Jersey Titans Hockey Club Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The New Jersey Titans Hockey Club Inc
The New Jersey Titans Hockey Club Inc (EIN: 200944132) is a nonprofit organization based in Wall Township, NJ, classified under NTEE code N60. The organization reported total revenue of $7.9M and total assets of $12.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The New Jersey Titans Hockey Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The New Jersey Titans Hockey Club Inc is a mid-size nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 20.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.9M |
| Total Expenses | $7.7M |
| Surplus / Deficit | +$198K |
| Total Assets | $12.1M |
| Total Liabilities | $19.6M |
| Net Assets | $-7,547,359 |
| Operating Margin | 2.5% |
| Debt-to-Asset Ratio | 162.4% |
| Months of Reserves | 18.7 months |
Financial Health Grade: A
In 2024, The New Jersey Titans Hockey Club Inc reported a surplus of $198K with revenue exceeding expenses, holds 18.7 months of operating reserves (strong position), has a debt-to-asset ratio of 162.4% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), The New Jersey Titans Hockey Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +41.9% | +8.0% | -4.4% |
| 2023 | +0.6% | +5.3% | -1.6% |
| 2022 | +50.4% | +24.8% | +2.8% |
| 2021 | +31.0% | +17.2% | +3.7% |
| 2020 | +34.3% | +45.1% | +53.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 The New Jersey Titans Hockey Club 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The New Jersey Titans Hockey Club Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $198K, with revenue exceeding expenses.
- Debt-to-asset ratio: 162.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated, which is a strong positive for a nonprofit of its size with revenues approaching $8 million.
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 The New Jersey Titans Hockey Club Inc's IRS 990 filings:
- Consistent and significant operational deficits in multiple years (e.g., 202303: $5.59M revenue vs. $7.17M expenses).
- Liabilities consistently and substantially exceed assets (e.g., 202403: $19.63M liabilities vs. $12.09M assets), indicating potential solvency issues.
- Growing trend of liabilities over time, from $6.94M in 201503 to $19.63M in 202403.
Strengths
The following positive indicators were identified for The New Jersey Titans Hockey Club Inc:
- Zero reported officer compensation across all filings, indicating strong financial stewardship at the executive level.
- Significant revenue growth in recent years, from $2.82M in 202003 to $7.94M in 202403.
- Latest fiscal period (202403) shows a positive operating margin ($7.94M revenue vs. $7.74M expenses), reversing a trend of deficits.
Frequently Asked Questions about The New Jersey Titans Hockey Club Inc
Is The New Jersey Titans Hockey Club Inc a legitimate charity?
The New Jersey Titans Hockey Club Inc (EIN: 200944132) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 14 years of IRS 990 filings on record. Total revenue: $7.9M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does The New Jersey Titans Hockey Club Inc spend its money?
The New Jersey Titans Hockey Club Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The New Jersey Titans Hockey Club Inc tax-deductible?
The New Jersey Titans Hockey Club Inc is registered as a tax-exempt nonprofit (EIN: 200944132). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The New Jersey Titans Hockey Club Inc CEO make?
The New Jersey Titans Hockey Club Inc's highest-compensated officer earns $8 annually. The organization reported $7.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The New Jersey Titans Hockey Club Inc's spending goes to programs?
The New Jersey Titans Hockey Club Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The New Jersey Titans Hockey Club Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), The New Jersey Titans Hockey Club Inc is above average for NTEE category N60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The New Jersey Titans Hockey Club Inc located?
The New Jersey Titans Hockey Club Inc is headquartered in Wall Township, New Jersey and files with the IRS under EIN 200944132. It is classified under NTEE code N60.
How many years of IRS 990 filings does The New Jersey Titans Hockey Club Inc have?
The New Jersey Titans Hockey Club Inc 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 $7.9M in total revenue.
How does The New Jersey Titans Hockey Club Inc. manage its substantial and growing liabilities?
The organization's liabilities have consistently exceeded its assets, reaching $19,633,040 in liabilities against $12,085,681 in assets in 202403. This significant imbalance suggests a need for a clear strategy to address and reduce these obligations, potentially through debt restructuring or increased revenue generation.
What is the detailed breakdown of program, administrative, and fundraising expenses?
Without a detailed breakdown from the IRS 990, it's difficult to precisely determine the allocation. However, given the NTEE code N60 (Amateur Sports), a significant portion of expenses would ideally be directed towards program services. Further investigation into the full 990 form is needed for this detail.
What are the primary sources of the organization's revenue and how stable are they?
Revenue has shown significant growth, from $2,822,832 in 202003 to $7,938,936 in 202403. Understanding the specific sources (e.g., ticket sales, sponsorships, donations, grants) would be crucial to assess the stability and sustainability of this growth.
Filing History
IRS 990 filing history for The New Jersey Titans Hockey Club Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), The New Jersey Titans Hockey Club Inc's revenue has grown by 1002.2%, moving from $720K to $7.9M. Total assets increased by 65252.7% over the same period, from $18K to $12.1M. Total functional expenses rose by 997.9%, from $705K to $7.7M. In its most recent filing year (2024), The New Jersey Titans Hockey Club Inc reported a surplus of $198K, with revenue exceeding expenses. The organization holds $19.6M in liabilities against $12.1M in assets (debt-to-asset ratio: 162.4%), resulting in net assets of $-7,547,359.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $7.9M | $7.7M | $12.1M | $19.6M | — | View 990 |
| 2023 | $5.6M | $7.2M | $12.6M | $20.4M | — | — |
| 2022 | $5.6M | $6.8M | $12.8M | $19.0M | — | View 990 |
| 2021 | $3.7M | $5.5M | $12.5M | $17.4M | — | View 990 |
| 2020 | $2.8M | $4.7M | $12.1M | $15.2M | — | View 990 |
| 2019 | $2.1M | $3.2M | $7.9M | $9.2M | — | View 990 |
| 2018 | $2.4M | $2.4M | $7.2M | $7.5M | — | View 990 |
| 2017 | $2.6M | $2.8M | $7.2M | $7.4M | — | View 990 |
| 2016 | $1.9M | $2.2M | $7.1M | $7.2M | — | View 990 |
| 2015 | $2.0M | $1.8M | $7.2M | $6.9M | — | View 990 |
| 2014 | $1.6M | $1.6M | $6.9M | $6.7M | — | View 990 |
| 2013 | $795K | $767K | $68K | $0 | — | View 990 |
| 2012 | $673K | $649K | $40K | $0 | — | View 990 |
| 2011 | $720K | $705K | $18K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $7.9M, expenses of $7.7M, and assets of $12.1M (revenue +41.9% year-over-year).
- 2023: Revenue of $5.6M, expenses of $7.2M, and assets of $12.6M (revenue +0.6% year-over-year).
- 2022: Revenue of $5.6M, expenses of $6.8M, and assets of $12.8M (revenue +50.4% year-over-year).
- 2021: Revenue of $3.7M, expenses of $5.5M, and assets of $12.5M (revenue +31.0% year-over-year).
- 2020: Revenue of $2.8M, expenses of $4.7M, and assets of $12.1M (revenue +34.3% year-over-year).
- 2019: Revenue of $2.1M, expenses of $3.2M, and assets of $7.9M (revenue -12.3% year-over-year).
- 2018: Revenue of $2.4M, expenses of $2.4M, and assets of $7.2M (revenue -6.2% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.8M, and assets of $7.2M (revenue +37.9% year-over-year).
- 2016: Revenue of $1.9M, expenses of $2.2M, and assets of $7.1M (revenue -6.3% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.8M, and assets of $7.2M (revenue +20.0% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.6M, and assets of $6.9M (revenue +107.4% year-over-year).
- 2013: Revenue of $795K, expenses of $767K, and assets of $68K (revenue +18.2% year-over-year).
- 2012: Revenue of $673K, expenses of $649K, and assets of $40K (revenue -6.6% year-over-year).
- 2011: Revenue of $720K, expenses of $705K, and assets of $18K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The New Jersey Titans Hockey Club Inc:
Data Sources and Methodology
This transparency report for The New Jersey Titans Hockey Club 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.