THE INSTITUTE OF MEDICINE AND PUBL… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

LAWRENCE DOWNS

Phone

6098961766

Tax Period

2024-01-01 to 2024-12-31

Mission

OUR MISSION IS TO CREATE PARTNERSHIPS AMONG THE MEDICAL PROFESSION AND THE COMMUNITIES IT SERVES TO RESOLVE ESSENTIAL HEALTH ISSUES. TO PROMOTE OUR MISSION, WE PLAN TO MANAGE PROGRAM GRANTS IN SUPPORT OF PUBLIC HEALTH, PROVIDE OPPORTUNITIES FOR PHYSICIANS TO PURSUE CONTINUING MEDICAL EDUCATION, AND FACILITATE STRATEGIC PARTNERSHIPS AMONG VARIOUS HEALTHCARE SECTIONS, INCLUDING PHYSICIANS, THE PUBLIC, OTHER HEALTH PROFESSIONALS, AND THE GOVERNMENT.

Program Service Accomplishments

Program 1

IOMPH CONVENED THE HEALTHCARE EXECUTIVE LEADERSHIP ACADEMY TO BUILD COLLABORATIVE LEADERSHIP SKILLS THROUGHOUT THE NJ HEALTHCARE ARENA. NJ HELA BRINGS TOGETHER FUTURE AND CURRENT LEADERS FROM...

IOMPH CONVENED THE HEALTHCARE EXECUTIVE LEADERSHIP ACADEMY TO BUILD COLLABORATIVE LEADERSHIP SKILLS THROUGHOUT THE NJ HEALTHCARE ARENA. NJ HELA BRINGS TOGETHER FUTURE AND CURRENT LEADERS FROM MEDICINE, HOSPITALS AND THE INSURANCE INDUSTRY TO WORK THROUGH LARGE HEALTHCARE PROBLEMS FACING NJ. THOSE TOPICS INCLUDE CARING FOR PATIENTS AT THE END OF LIFE AND ADDRESSING NJ OPIOID EPIDEMIC.

Program 2

IOMPH ASSISTED PHYSICIANS CONFRONTING THE COVID PANDEMIC BY ACQUIRING AND DISTRIBUTING PERSONAL PROTECTIVE EQUIPMENT FOR USE IN PRIVATE MEDICAL OFFICES. THIS PROGRAM FILLED A NEED FOR SMALL PRACTICES THAT DID NOT HAVE ACCESS TO SMALL QUANTITY OF PPE TO PROTECT THEIR STAFF WHILE REOPENING FOR COMMUNITY BASED MEDICAL CARE.

Program 3

IOMPH PARTNERED WITH THE AMA TO PROVIDE A RESEARCHED BASED "STEPS FORWARD" PROGRAM TO ASSIST PRACTICES AND HOSPITALS ADDRESSING THE LARGE AND GROWING PROBLEM OF PHYSICIAN BURN OUT. THE PROGRAM ALSO PROVIDE THE FIRST MEDICAL PRACTICE BASED RESEARCH PROJECT. PRACTICES WERE PROVIDED WORKFLOW IMPROVEMENT TOOLS AND TRAINING TO ASSESS IMPROVEMENTS IN THE RATES OF PHYSICIAN BURNOUT IN EACH PRACTICE SETTING.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $692

TOTAL EXPENSES $692

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	$17	-1.0%
Expenses	$692	$17,084	-1.0%
Net Income	N/A	$-17,067	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY DOWNS	EXECUTIVE DIRECTOR	7.00	Director	$0	$0	$0
EDWARD VON DER SCHMIDT III DVMMD	PRESIDENT/TRUSTEE	0.00	Director	$0	$0	$0
WILLIAM BARTZAK	VICE PRESIDENT/TRUSTEE	0.00	Director	$0	$0	$0
DAVID E SWEE MD	TREASURER/TRUSTEE	0.00	Director	$0	$0	$0
STEVEN HOLT ESQ	SECRETARY/TRUSTEE	0.00	Director	$0	$0	$0
JOSEPH F FENNELLY MD	TRUSTEE	0.00	Director	$0	$0	$0
SHAROL A LEWIS MD MPH MBA	TRUSTEE	0.00	Director	$0	$0	$0
ALAN LIPPMAN MD	TRUSTEE	0.00	Director	$0	$0	$0
PAUL MINITER	TRUSTEE	0.00	Director	$0	$0	$0
NICK PONZIO PHD	TRUSTEE	0.00	Director	$0	$0	$0
JOSEPH H REICHMAN MD	TRUSTEE	0.00	Director	$0	$0	$0
RUTH SCHULZE MD	TRUSTEE	0.00	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
2024	No data	$692	$120,089	No data
2023	$17	$17,084	$125,281	$-17,067
2022	$20	$31,194	$141,998	$-31,174
2021	$15,027	$175,947	$243,463	$-160,920
2020	$97,737	$99,514	$329,592	$-1,777
2019	$231,199	$245,625	$331,369	$-14,426
2018	$233,044	$259,203	$377,995	$-26,159

THE INSTITUTE OF MEDICINE AND PUBLIC HEALTH OF NEW JERSEY INC