WEST JERSEY HEALTH SYSTEM WORKERS … - Form 990 Financial Data

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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

2000

Legal Domicile

Principal Officer

DENNIS W PULLIN

Phone

8563550620

Tax Period

2023-01-01 to 2023-12-31

WEST JERSEY HEALTH SYSTEM WORKERS COMPENSATION TRUST, founded in 2000, is a community nonprofit in the Mutual Benefit sector that reported $3.4M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

THE TRUST IS ESTABLISHED FOR THE PURPOSE OF MAINTAINING AND ADMINISTERING A TRUST FUND ON BEHALF OF VIRTUA HEALTH, INC. (THE SUPPORTED ORGANIZATION) TO PROVIDE FOR THEIR WORKERS' COMPENSATION LIABILITIES.

Program Service Accomplishments

Program 1

Expenses: $3,356,490 Revenue: $3,313,300

ORGANIZATION PROVIDES WORKERS COMPENSATION INSURANCE COVERAGE TO EMPLOYEES OF VIRTUA HEALTH, INC. INSURANCE IS IN COMPLIANCE WITH NJ WORKMENS COMPENSATION LAWS.

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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 $3,313,300

Investment Income $43,190

Other Revenue $0

TOTAL REVENUE $3,356,490

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,356,490

Other Expenses $3,356,490

TOTAL EXPENSES $3,356,490

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,356,490	$2,861,202	+0.2%
Expenses	$3,356,490	$2,861,202	+0.2%
Net Income	$0	$0	N/A

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

N/A

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
N/A	TRUSTEE	1.00		$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	$3,356,490	$3,356,490	$17,709,923	No data
2022	$2,861,202	$2,861,202	$16,428,511	No data
2021	$3,250,239	$3,250,239	$16,596,426	No data
2020	$2,651,002	$2,651,002	$13,498,792	No data
2019	$2,317,274	$2,317,274	$8,491,923	No data
2018	$1,721,951	$1,721,951	$5,940,924	No data

WEST JERSEY HEALTH SYSTEM WORKERS COMPENSATION TRUST