FOJP Service Corporation

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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

1977

Legal Domicile

Principal Officer

Noeleen Doelger

Phone

2128910700

Tax Period

2019-01-01 to 2019-12-31

FOJP Service Corporation, founded in 1977, is a major nonprofit that reported $133.2M in total revenue in fiscal year 2019. Revenue fell 56% from the prior year — a significant decline worth monitoring.

Mission

FOJP PROVIDES RISK MANAGEMENT AND INSURANCE SERVICES TO CERTAIN OF THE BENEFICIARY ORGANIZATIONS OF UJA-FEDERATION OF NEW YORK ("UJA-FEDERATION"), ALL OF WHICH ARE 501(C)(3) INSTITUTIONS. THESE SUPPORTED INSTITUTIONS INCLUDE LONG-TERM CARE FACILITIES, SOCIAL SERVICE AGENCIES, AND HOSPITALS.

Program Service Accomplishments

Program 1

Expenses: $126,882,818 Revenue: $133,167,236

FOJP'S RISK MANAGEMENT AND INSURANCE SERVICES ARE PROVIDED THROUGH THE FOLLOWING PROGRAMS: (I) PROFESSIONAL AND GENERAL LIABILITY INSURANCE SERVICES FOR HOSPITALS AND THEIR EMPLOYED PHYSICIANS THAT WOULD OTHERWISE HAVE TO BE PERFORMED AS INTERNAL ACTIVITIES BY THE HOSPITALS; (II) GENERAL LIABILITY AND PROFESSIONAL LIABILITY INSURANCE SERVICES FOR THE SOCIAL SERVICE AGENCIES THAT WOULD OTHERWISE HAVE TO BE PERFORMED AS INTERNAL ACTIVITIES BY THE SOCIAL SERVICE AGENCIES; (III) GROUP AND INDIVIDUAL ENTITY COMMERCIAL PROPERTY AND LIABILITY INSURANCE SERVICES FOR ALL BENEFICIARY ORGANIZATIONS THAT WOULD OTHERWISE HAVE TO BE PERFORMED AS INTERNAL ACTIVITIES BY THE BENEFICIARY ORGANIZATIONS; AND (IV) MANAGEMENT AND CLAIMS SERVICES FOR HOSPITALS INSURANCE COMPANY, INC. ("HIC") A RELATED ORGANIZATION, WHICH IS A NEW YORK DOMICILED INSURANCE COMPANY THAT PRINCIPALLY WRITES PHYSICIAN MEDICAL MALPRACTICE INSURANCE THAT IS CONTROLLED BY THE MOUNT SINAI HOSPITAL ("MT. SINAI"), BETH ISRAEL MEDICAL CENTER ("BETH ISRAEL"), MONTEFIORE MEDICAL CENTER ("MONTEFIORE") AND MAIMONIDES MEDICAL CENTER ("MAIMONIDES") AS OF 12/31/19 ALL OF WHICH ARE SUPPORTED INSTITUTIONS OF FOJP.

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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%)

Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $133,073,181

Investment Income $0

Other Revenue $94,055

TOTAL REVENUE $133,167,236

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,673,626

Fundraising Expenses $0

Program Expenses $126,882,818

Other Expenses $117,746,018

TOTAL EXPENSES $136,419,644

Year-over-Year Comparison

	2019	2018	Change
Revenue	$133,167,236	$305,742,399	-0.6%
Expenses	$136,419,644	$305,742,399	-0.6%
Net Income	$-3,252,408	N/A	N/A

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

Governance

Voting Members

Independent Members

Employees

139

Volunteers

N/A

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

$9,531,120

Total Directors

$2,802,556

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALTER HARRIS	PRESIDENT & CEO	33.0	Officer Director	$2,129,211	$28,101	$2,802,556
ROBERT KAUFFMAN	SVP, GENERAL COUNSEL	33.0	Officer	$1,190,899	$27,710	$1,587,743
NOELEEN DOELGER	SVP & CFO	33.0	Officer	$1,105,297	$20,737	$1,419,495
PETER KOLBERT	SVP, CLAIM	50.0	Officer	$1,272,901	$15,255	$1,288,156
DAMIAN TESTA	SVP, INSURANCE & RISK MANAGER	50.0	Officer	$546,729	$21,918	$568,647
FREDERICK DANBACK	VP, CIO	50.0	Officer	$484,773	$20,012	$504,785
CYNTHIA STILWELL	VP, PROF LIABILITY CLAIMS	50.0	Officer	$320,690	$15,499	$336,189
RICHARD CALDWELL	VP, FINANCE & UNDERWRITING	50.0	Officer	$314,365	$18,835	$333,200
SHEILA DRISCOLL	AVP, PL CLAIMS	50.0	Highest	$277,027	$23,717	$300,744
DUANE PERRICELLI	VP, CLIENT SERVICES	50.0	Officer	$219,084	$26,299	$245,383
JOHANNES CLOETE	VP, CONTROLLER	50.0	Officer	$228,904	$9,294	$238,198
BREANN MONTERO	AVP, ERM & COMPLIANCE	50.0	Highest	$215,534	$17,691	$233,225
STEVEN MACALUSO	VP, AGENCY SERVICES	50.0	Officer	$182,927	$23,841	$206,768
CATHARINE MCFARLANE	AVP, HUMAN RESOURCES	50.0	Highest	$172,305	$25,397	$197,702
CHERYL WENDT	AVP, PL CLAIMS	50.0	Highest	$171,981	$25,137	$197,118
PHILIP KINFORD	AVP CONTROLLER	50.0	Highest	$169,048	$24,731	$193,779
PAUL ADDISON	DIRECTOR	1.0	Director	$0	$0	$0
COLLEEN BLYE	DIRECTOR	1.0	Director	$0	$0	$0
BETH ESSIG	DIRECTOR	1.0	Director	$0	$0	$0
JOYCE LEAHY	DIRECTOR	1.0	Director	$0	$0	$0
ROBERT NALDI	DIRECTOR	1.0	Director	$0	$0	$0
CHRISTOPHER PANCZNER	DIRECTOR	1.0	Director	$0	$0	$0
DONALD SCANLON	DIRECTOR	1.0	Director	$0	$0	$0
MICHAEL STOCKER	DIRECTOR	1.0	Director	$0	$0	$0
MICHAEL ZIMMERMAN	DIRECTOR	1.0	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
2019	$133,167,236	$136,419,644	No data	$-3,252,408
2019	$133,167,236	$136,419,644	No data	$-3,252,408
2018	$305,742,399	$305,742,399	$29,223,868	No data