DISTRICT 1199J NEW JERSEY HEALTH CARE EMPLOYERS BENEFIT FUND (EIN 223143027) - 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

1991

Legal Domicile

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.

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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 $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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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

$143,360

Total Directors

$405,723

Key Employees

Highest Compensated

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

DISTRICT 1199J NEW JERSEY HEALTH CARE EMPLOYERS BENEFIT FUND