NEW JERSEY CHAPTER OF HIMSS CORP

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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

2007

Legal Domicile

Principal Officer

CARLOS DANIEL BAEZ ROMERO

Phone

8004389010

Tax Period

2024-07-01 to 2025-06-30

NEW JERSEY CHAPTER OF HIMSS CORP, founded in 2007, is a small nonprofit that reported $298K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $49K, a strong 16% operating margin.

Mission

ORGANIZED NBSP;TO NBSP;PROMOTE NBSP;THE NBSP;INTEREST NBSP;OF NBSP;HIMSS NBSP;NJ NBSP;HIMSS NBSP;EDUCATES NBSP;IT APOS;S NBSP;MEMBERS NBSP;AS NBSP;WELL NBSP;AS NBSP;LAWMAKERS NBSP;ON NBSP;KEY NBSP;ISSUES NBSP;THAT NBSP;ADVANCE NBSP;IMPROVEMENTS NBSP;IN NBSP;THE NBSP;QUALITY NBSP;SAFETY NBSP;AND NBSP;EFFICIENCY NBSP;OF NBSP;HEALTHCARE NBSP;ISSUES

Program Service Accomplishments

Program 1

Expenses: $89,564 Revenue: $137,715

SEMINARS AND EVENTS

Program 2

Revenue: $140,005

SPONSORSHIPS

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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 (2024)

Revenue Breakdown

Contributions & Grants $15,625

Program Service Revenue $277,770

Investment Income $4,604

Other Revenue $0

TOTAL REVENUE $297,999

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $89,564

Other Expenses $249,205

TOTAL EXPENSES $249,205

Year-over-Year Comparison

	2024	2023	Change
Revenue	$297,999	$334,461	-0.1%
Expenses	$249,205	$282,977	-0.1%
Net Income	$48,794	$51,484	-0.1%

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

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
CARLOS DANIEL BAEZ ROMERO	PRESIDENT	002.00	Officer	$0	$0	$0
ARTURO PERALTA	VICE PRESIDENT	002.00	Officer	$0	$0	$0
MICHELE QUIGLEY	TREASURER	002.00	Officer	$0	$0	$0
CASEY HAFFORD	SECRETARY	002.00	Officer	$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	$297,999	$249,205	No data	$48,794
2024	$334,461	$282,977	No data	$51,484
2023	$206,004	$251,756	No data	$-45,752
2022	$65,154	$81,919	$325,245	$-16,765
2021	$55,087	$69,851	$334,905	$-14,764
2020	$314,532	$273,386	$356,806	$41,146
2019	$222,096	$258,588	$315,660	$-36,492
2018	$386,425	$389,257	$352,152	$-2,832