DISTRICT 1199J NEW JERSEY HEALTH CARE EMPLOYERS BENEFIT FUND

EIN: 223143027

NEWARK, NJ

Total Revenue
$35,642,173
Total Expenses
$27,306,460
Total Assets
$21,063,357
Net Assets
$20,579,327
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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
1991
Legal Domicile
NJ
Principal Officer
MARIBEL NEGRON
Phone
9732424450
Tax Period
2023-01-01 to 2023-12-31

DISTRICT 1199J NEW JERSEY HEALTH CARE EMPLOYERS BENEFIT FUND, founded in 1991, is a mid-sized nonprofit that reported $35.6M in total revenue in fiscal year 2023. The organization ran a surplus of $8.3M, a strong 23% operating margin.

Mission

TO PROVIDE HOSPITAL, MAJOR MEDICAL, DENTAL, PRESCRIPTION DRUG, VISION, LIFE INSURANCE AND OTHER MEDICAL BENEFITS TO ELIGIBLE PARTICIPANTS.

Program Service Accomplishments

Program 1

TO PROVIDE HOSPITAL, MAJOR MEDICAL, DENTAL, PRESCRIPTION DRUG, VISION, LIFE INSURANCE AND OTHER MEDICAL BENEFITS TO ELIGIBLE PARTICIPANTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $35,153,107
Investment Income $489,066
Other Revenue $0
TOTAL REVENUE $35,642,173

Expense Breakdown

Grants Paid $0
Salaries & Benefits $922,119
Fundraising Expenses $0
Other Expenses $1,020,026
TOTAL EXPENSES $27,306,460

Year-over-Year Comparison

2023 2022 Change
Revenue $35,642,173 $33,995,542 +0.0%
Expenses $27,306,460 $28,416,925 0.0%
Net Income $8,335,713 $5,578,617 +0.5%
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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Governance

Voting Members
6
Independent Members
4
Employees
35
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
$143,360
Total Directors
8
$405,723
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE IZZO EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
SUSAN M CLEARY UNION TRUSTEE 2.00
Director
$0 $0 $159,081
CRAIG A FORD UNION TRUSTEE 2.00
Director
$0 $0 $134,471
PHYLLIS SHIVERS UNION TRUSTEE 2.00
Director
$0 $0 $112,171
ZACHARY LIPNER EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
STEVEN A NACKENSON EMPLOYER TRUSTEE (P) 2.00
Director
$0 $0 $0
JONI REESE UNION TRUSTEE 2.00
Director
$0 $0 $0
RUTH BASH EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
MARIBEL NEGRON EXECUTIVE DIRECTOR 28.00
Officer
$42,848 $36,773 $143,360
PRECIOSA LAVRADOR EMPLOYEE 1.00
Highest
$0 $36,601 $142,691
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 $35,642,173 $27,306,460 $21,063,357 $8,335,713
2022 $33,995,542 $28,416,925 $12,875,184 $5,578,617
2021 $32,557,552 $33,053,236 $6,718,652 $-495,684
2020 $31,772,635 $37,067,788 $7,287,613 $-5,295,153
2019 $32,304,250 $35,513,575 $12,517,487 $-3,209,325
2018 $32,095,777 $34,301,019 $15,693,905 $-2,205,242
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