HUNTERDON HEALTHCARE SYSTEM INC

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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

1983

Legal Domicile

Principal Officer

PATRICK J GAVIN MPH MBA

Phone

9087886100

Tax Period

2023-01-01 to 2023-12-31

HUNTERDON HEALTHCARE SYSTEM INC, founded in 1983, is a community nonprofit in the Health Care sector that reported $6.4M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO SUPPORT HUNTERDON MEDICAL CENTER AND OTHER QUALIFIED ORGANIZATIONS IN THE PERFORMANCE OF ITS CHARITABLE, EDUCATIONAL, SCIENTIFIC AND HOSPITAL PURPOSES WITHIN HUNTERDON COUNTY, NJ. SUCH SUPPORT WILL IMPROVE THE QUALITY OF AND DIVERSITY OF HEALTHCARE DELIVERED TO THE PUBLIC IN THE REGION AND CONTAIN CONSUMER AND GOVERNMENTAL COST OF SUCH HEALTHCARE THROUGH MORE EFFICENT UTILIZATION AND ALLOCATION OF HEALTHCARE RESOURCES WITHIN HUNTERDON COUNTY, NEW JERSEY.

Program Service Accomplishments

Program 1

Expenses: $6,460,414 Revenue: $6,447,717

HUNTERDON HEALTHCARE SYSTEM, INC. IS ORGANIZED AND OPERATED TO SUPPORT HUNTERDON MEDICAL CENTER AND OTHER QUALIFYING ORGANIZATIONS IN THE PERFORMANCE OF THEIR CHARITABLE AND MEDICAL FUNCTIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,447,717

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,447,717

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,460,414

Other Expenses $6,460,414

TOTAL EXPENSES $6,460,414

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,447,717	$5,661,930	+0.1%
Expenses	$6,460,414	$6,012,678	+0.1%
Net Income	$-12,697	$-350,748	-1.0%

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

$2,122,280

Total Directors

$1,411,660

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK J GAVIN MPH MBA	TRUSTEE - PRESIDENT/CEO	55.0	Officer Director	$0	$32,673	$1,411,660
HERBERT WHITE	CFO	55.0	Officer	$0	$97,870	$710,620
ELLEN F LOCKER	CHAIR - TRUSTEE	1.0	Officer Director	$0	$0	$0
KC RONDELLO MD MPH	VICE CHAIR - TRUSTEE	1.0	Officer Director	$0	$0	$0
ROSEANN PELUSO NGUYEN	SECRETARY - TRUSTEE	1.0	Officer Director	$0	$0	$0
SUZANNE SCHWANDA	TREASURER - TRUSTEE	1.0	Officer Director	$0	$0	$0
DEIRDRE ANDREWS MD	TRUSTEE	1.0	Director	$0	$0	$0
TERESIA BOST	TRUSTEE	1.0	Director	$0	$0	$0
CAROL HARDING	TRUSTEE	1.0	Director	$0	$0	$0
GREG MISCHKE	TRUSTEE	1.0	Director	$0	$0	$0
JACK NAHAMA	TRUSTEE	1.0	Director	$0	$0	$0
RICK ROSENTHAL	TRUSTEE	1.0	Director	$0	$0	$0
ANDREW RUDNICK MD	TRUSTEE	1.0	Director	$0	$0	$0
CHARLES SCAMMELL	TRUSTEE	1.0	Director	$0	$0	$0
RUBEN DARIOS TABORDA	TRUSTEE	1.0	Director	$0	$0	$0
ANNA WALZ	TRUSTEE	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	No data	No data	No data	No data
2023	$6,447,717	$6,460,414	$4,791,427	$-12,697
2022	$5,661,930	$6,012,678	$4,254,877	$-350,748
2021	$7,578,810	$8,054,686	$3,951,978	$-475,876
2020	$4,549,209	$4,957,882	$6,910,638	$-408,673
2019	$5,428,967	$5,881,652	$7,470,616	$-452,685
2018	$5,608,505	$5,712,311	$9,320,893	$-103,806