NEW JERSEY HEALTH FOUNDATION INC

EIN: 030430873 501(c)(3) Medical Research

Princeton, NJ

Total Revenue
$13,963,524
Total Expenses
$14,750,548
Total Assets
$250,445,986
Net Assets
$246,717,002
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
DE
Principal Officer
James Golubieski
Phone
9087316610
Tax Period
2024-07-01 to 2025-06-30

NEW JERSEY HEALTH FOUNDATION INC, founded in 2002, is a mid-sized nonprofit in the Medical Research sector that reported $14.0M in total revenue in fiscal year 2024. Revenue surged 157% from the prior year, signaling strong growth momentum. Net assets of $246.7M represent 212 months of operating reserves.

Mission

The Organization's mission is to support healthcare education, research and patient care programs in the State of New Jersey and for other scientific, charitable, literary and educational purposes.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,725,782
Program Service Revenue $0
Investment Income $2,237,742
Other Revenue $0
TOTAL REVENUE $13,963,524

Expense Breakdown

Grants Paid $11,584,805
Salaries & Benefits $2,160,202
Fundraising Expenses $0
Program Expenses $14,017,529
Other Expenses $1,005,541
TOTAL EXPENSES $14,750,548

Year-over-Year Comparison

2024 2023 Change
Revenue $13,963,524 $5,440,938 +1.6%
Expenses $14,750,548 $12,517,954 +0.2%
Net Income $-787,024 $-7,077,016 -0.9%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
13
Volunteers
11

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$916,552
Total Directors
12
$622,808
Key Employees
1
$230,487
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James M Golubieski President & CEO 30
Officer Director
$599,792 $23,016 $622,808
Aggie Worthington VP Finance & CFO 30
Officer
$293,744 $0 $293,744
Laura Harrel VP Admin and HR 35
Key Emp
$217,503 $12,984 $230,487
Dean Janeway Chair 1
Officer Director
$0 $0 $0
Sandra Brown Sherman Esq Secretary 1
Officer Director
$0 $0 $0
Susan J Flynn Hollander Treasurer 1
Officer Director
$0 $0 $0
Roger S Fine Esq Director 1
Director
$0 $0 $0
Suzann B Goldstein Director 1
Director
$0 $0 $0
Andrew M Grumet Esq Director 1
Director
$0 $0 $0
Bruce A Harris Esq Director 1
Director
$0 $0 $0
Murray Kushner Director 1
Director
$0 $0 $0
Robert W Pierce II Director 1
Director
$0 $0 $0
Patricia C Costante Director 1
Director
$0 $0 $0
Paul J Hirsch MD Director 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $13,963,524 $14,750,548 $250,445,986 $-787,024
2024 $5,440,938 $12,517,954 $227,229,212 $-7,077,016
2023 $12,452,571 $11,641,558 $210,682,249 $811,013
2022 $3,389,399 $11,838,406 $191,355,258 $-8,449,007
2021 $2,477,723 $10,303,417 $225,307,235 $-7,825,694
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