NEW JERSEY HOSPITAL ASSOCIATION (EIN 210618622) - Form 990 Financial Analysis & Trantor Score

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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

1947

Legal Domicile

Principal Officer

CATHLEEN D BENNETT

Phone

6092754000

Tax Period

2024-01-01 to 2024-12-31

NEW JERSEY HOSPITAL ASSOCIATION, founded in 1947, is a mid-sized nonprofit that reported $12.4M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $11.5M left a modest 7% surplus.

Mission

THE MISSION OF THE NEW JERSEY HOSPITAL ASSOCIATION IS TO IMPROVE THE HEALTH OF THE PEOPLE OF NEW JERSEY.

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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 $9,507,531

Program Service Revenue $2,020,846

Investment Income $841,266

Other Revenue $4,306

TOTAL REVENUE $12,373,949

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,222,062

Fundraising Expenses $0

Program Expenses $6,842,742

Other Expenses $5,248,312

TOTAL EXPENSES $11,470,374

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,373,949	$13,350,181	-0.1%
Expenses	$11,470,374	$11,923,271	0.0%
Net Income	$903,575	$1,426,910	-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

Governance

Voting Members

Independent Members

Employees

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

$3,208,074

Total Directors

$2,742,823

Key Employees

$483,454

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHLEEN D BENNETT	TRUSTEE - PRESIDENT & CEO	55.0	Officer Director	$834,630	$336,083	$1,727,133
SEAN HOPKINS	SENIOR VICE PRESIDENT	55.0	Highest	$523,259	$96,543	$619,802
CHRISTOPHER BAILEY	TRUSTEE - ASST TREASURER & CFO	55.0	Officer Director	$0	$104,304	$561,097
THERESA L EDELSTEIN	SENIOR VICE PRESIDENT	55.0	Highest	$444,460	$49,093	$493,553
CHRISTINE A STEARNS	VICE PRESIDENT	55.0	Key Emp	$433,577	$49,877	$483,454
RAYMOND A BRANDES	CHIEF OPERATING OFFICER	55.0	Officer	$0	$59,971	$473,251
VICTORIA BROGAN	SENIOR VICE PRESIDENT	55.0	Highest	$316,516	$50,269	$366,785
KERRY MCKEAN-KELLY	VICE PRESIDENT	55.0	Highest	$319,826	$44,963	$364,789
JOY L LINDO	ASST. SEC.-TRST & GEN COUNSEL	55.0	Officer Director	$177,880	$37,562	$334,028
ROGER D SARAO	VICE PRESIDENT	55.0	Highest	$263,156	$38,869	$302,025
CINDY A SORG	ASST TO THE PRES. (TERM 12/24)	40.0	Officer Director	$54,494	$17,642	$108,465
ROBERT M SEGIN	TRUSTEE; EX-OFFICIO	1.0	Director	$0	$0	$3,900
DEBORAH D VISCONI	TREAS & CHAIR FIN COMM-TRUSTEE	1.0	Officer Director	$0	$0	$2,200
DARRELL K TERRY	TRUSTEE	1.0	Director	$0	$0	$2,200
WILLIAM S ARNOLD	CHAIR - TRUSTEE	1.0	Officer Director	$0	$0	$1,900
THOMAS W SCOTT	TRUSTEE	1.0	Director	$0	$0	$1,900
MARK STAUDER	VICE CHAIR - TRUSTEE	1.0	Officer Director	$0	$0	$0
ROBERT W BRENNER	SECRETARY - TRUSTEE	1.0	Officer Director	$0	$0	$0
SAM BAYOUMY	TRUSTEE	1.0	Director	$0	$0	$0
ERIC W CARNEY	TRUSTEE	1.0	Director	$0	$0	$0
EDWARD J CONDIT	TRUSTEE	1.0	Director	$0	$0	$0
JAMES DEMETRIADES	TRUSTEE	1.0	Director	$0	$0	$0
VINCENT J DICKS	TRUSTEE	1.0	Director	$0	$0	$0
STEPHEN J DUMKE	TRUSTEE	1.0	Director	$0	$0	$0
PAIGE DWORAK	TRUSTEE	1.0	Director	$0	$0	$0
REGINA FOLEY	TRUSTEE	1.0	Director	$0	$0	$0
PATRICK GAVIN	TRUSTEE	1.0	Director	$0	$0	$0
WARREN GELLER	TRUSTEE	1.0	Director	$0	$0	$0
FRANK A GHINASSI	TRUSTEE; EX-OFFICIO	1.0	Director	$0	$0	$0
LESLIE D HIRSCH	TRUSTEE; EX-OFFICIO	1.0	Director	$0	$0	$0
AMY B MANSUE	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL MARON	TRUSTEE	1.0	Director	$0	$0	$0
JOHN MATSINGER	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL A MCLAUGHLIN	TRUSTEE	1.0	Director	$0	$0	$0
KEVIN O'DOWD	TRUSTEE	1.0	Director	$0	$0	$0
TRISH O'KEEFE	TRUSTEE	1.0	Director	$0	$0	$0
KENNETH N SABLE	TRUSTEE	1.0	Director	$0	$0	$0
STEVEN SHERIS	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT H ADAMS	TRUSTEE (TERM)	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
2024	$12,373,949	$11,470,374	$204,695,807	$903,575
2023	$13,350,181	$11,923,271	$188,264,401	$1,426,910
2022	$12,559,791	$12,102,796	$133,836,359	$456,995
2021	$6,079,898	$12,780,241	$139,216,001	$-6,700,343
2020	$41,403,668	$36,984,654	$128,696,499	$4,419,014
2019	$9,709,354	$9,028,526	$136,189,464	$680,828
2018	$8,788,690	$8,422,241	$123,756,423	$366,449

NEW JERSEY HOSPITAL ASSOCIATION