PROFESSIONAL ASSISTANCE PROGRAM OF NEW JERSEY INC

EIN: 202798387 501(c)(3) Mental Health

Princeton, NJ

Total Revenue
$1,035,567
Total Expenses
$1,145,047
Total Assets
$744,011
Net Assets
$742,878
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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
2005
Legal Domicile
NJ
Principal Officer
Louis Baxter MD Executive Director
Phone
6099191660
Tax Period
2024-06-01 to 2025-05-31

PROFESSIONAL ASSISTANCE PROGRAM OF NEW JERSEY INC, founded in 2005, is a community nonprofit in the Mental Health sector that reported $1.0M in total revenue in fiscal year 2024. Expenses of $1.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

Provide services to the public safety and welfare of New Jersey citizens through education, identification, evaluation, treatment plan and advocacy for impaired licensed healthcare and other professionals

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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 $0
Program Service Revenue $1,035,567
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,035,567

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,044,775
Fundraising Expenses $0
Program Expenses $1,145,047
Other Expenses $100,272
TOTAL EXPENSES $1,145,047

Year-over-Year Comparison

2024 2023 Change
Revenue $1,035,567 $1,059,172 0.0%
Expenses $1,145,047 $1,230,097 -0.1%
Net Income $-109,480 $-170,925 -0.4%
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
3
Independent Members
2
Employees
8
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
1
$828,226
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
7
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Louis E Baxter MD Executive MEdical Director Trustee 40
Officer
$414,113 $414,113 $828,226
Linda Pleva Administrative Director 40
Highest
$139,850 $139,850 $279,700
Tia Verzel Baxter Employee 40
Highest
$115,480 $115,480 $230,960
Stephen Giancolona Employee 40
Highest
$105,764 $105,764 $211,528
Alysun Pleva Employee 40
Highest
$75,293 $75,293 $150,586
Louis E Baxter Jr Employee 40
Highest
$72,937 $72,937 $145,874
Rebecca Tatrai EMployee 40
Highest
$68,552 $68,552 $137,104
Edward Reading Employee 40
Highest
$16,025 $16,025 $32,050
Mark Seltzer Treasurer and Trustee 1
Director
$0 $0 $0
Lawrence Greenfield MD Secretary and Trustee 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 $1,035,567 $1,145,047 $744,011 $-109,480
2024 $1,059,172 $1,230,097 $853,380 $-170,925
2023 $1,323,309 $1,219,552 $479,183 $103,757
2022 $947,430 $1,286,750 $138,540 $-339,320
2021 $1,528,760 $1,372,793 $608,293 $155,967
2019 $1,111,183 $1,336,474 $289,410 $-225,291
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