NJ HMO ASSOCIATION INC

EIN: 223306073

TRENTON, NJ

Total Revenue
$1,195,365
Total Expenses
$1,090,261
Total Assets
$2,582,815
Net Assets
$2,582,815
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
NJ
Principal Officer
PATRICK GILLESPIE
Phone
6095818237
Tax Period
2024-01-01 to 2024-12-31

NJ HMO ASSOCIATION INC, founded in 1994, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.1M left a modest 9% surplus.

Mission

THE NEW JERSEY ASSOCIATION OF HEALTH PLANS (NJAHP) IS A NON-PROFIT CORPORATION CREATED TO SERVE ITS MEMBER HEALTH PLANS WITH A MISSION OF FOSTERING UNDERSTANDING IN THE VALUE THAT HEALTH PLANS CONTRIBUTE TO NEW JERSEY'S HEALTH CARE SYSTEM. AMONG OTHER WAYS, NJAHP DOES THIS BY: -INFORMING THE PUBLIC ABOUT OUR PHILOSOPHY AND THE VALUE PROPOSITION OFFERED BY COMMERCIAL AND MEDICAID HEALTH PLANS. -EDUCATING POLICY MAKERS, REGULATORS, AND OPINION LEADERS ON THE IMPLICATIONS OF SPECIFIC POLICY PROPOSALS. -PROMOTING COLLABORATIVE EFFORTS AMONG HEALTH PLANS, PROVIDERS, PURCHASERS, BROKERS AND CONSUMERS TO EXPAND ACCESS TO HIGH-QUALITY, AFFORDABLE, AND ACCESSIBLE HEALTH CARE. -ACTING AS A RESOURCE FOR INTERESTED PARTIES ON NEW JERSEY'S HEALTH CARE SYSTEM. -PROMOTING OPPORTUNITIES AND FORUMS FOR HEALTH PLAN MEMBERS AND BUSINESS PARTNERS TO MEET, EXCHANGE IDEAS, AND DISCUSS CRITICAL ISSUES AFFECTING HEALTH CARE IN THE STATE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,036,500
Investment Income $158,865
Other Revenue $0
TOTAL REVENUE $1,195,365

Expense Breakdown

Grants Paid $0
Salaries & Benefits $832,641
Fundraising Expenses $0
Other Expenses $257,620
TOTAL EXPENSES $1,090,261

Year-over-Year Comparison

2024 2023 Change
Revenue $1,195,365 $1,144,950 +0.0%
Expenses $1,090,261 $945,994 +0.2%
Net Income $105,104 $198,956 -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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
4
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
0
$0
Total Directors
7
$0
Key Employees
1
$432,776
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN FULLER CHAIR 2.00
Director
$0 $0 $0
ALISON BIRZON VICE CHAIR 2.00
Director
$0 $0 $0
JILL SQUIERS SECRETARY 2.00
Director
$0 $0 $0
PATRICK GILLESPIE TREASURER 2.00
Director
$0 $0 $0
MISHAEL AZAM LEGISLATIVE 2.00
Director
$0 $0 $0
BRENDAN PEPPARD MEDICAID CHA 2.00
Director
$0 $0 $0
ALICIA PALOMBO DENTAL CHAIR 2.00
Director
$0 $0 $0
WARDELL SANDERS PRESIDENT 40.00
Key Emp
$409,776 $23,000 $432,776
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
2025 No data No data No data No data
2024 $1,195,365 $1,090,261 $2,582,815 $105,104
2023 $1,144,950 $945,994 $2,477,711 $198,956
2022 $1,100,290 $1,069,684 $2,278,755 $30,606
2021 $1,133,307 $1,124,393 $2,248,149 $8,914
2020 $1,131,442 $1,042,092 $2,239,235 $89,350
2019 $1,097,224 $1,012,491 $2,149,885 $84,733
2018 $989,686 $1,007,317 $2,065,152 $-17,631
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