NEW JERSEY INSTITUTE FOR MEDICAL RESEARCH & EDUCATION INC (EIN 223399551) - 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

1995

Legal Domicile

Principal Officer

DR JOSEPH J CALABRO

Phone

7322120060

Tax Period

2023-01-01 to 2023-12-31

NEW JERSEY INSTITUTE FOR MEDICAL RESEARCH & EDUCATION INC, founded in 1995, is a small nonprofit in the Medical Research sector that reported $475K in total revenue in fiscal year 2023.

Mission

TO PROVIDE MANAGEMENT SERVICES, MEDICAL RESEARCH AND EDUCATION TRAINING PROGRAMS FOR HEALTHCARE PRACTIONERS.

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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 $475,275

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $475,275

Expense Breakdown

Grants Paid $89,637

Salaries & Benefits $201,343

Fundraising Expenses $0

Program Expenses $439,429

Other Expenses $220,751

TOTAL EXPENSES $511,731

Year-over-Year Comparison

	2023	2022	Change
Revenue	$475,275	$473,051	+0.0%
Expenses	$511,731	$380,857	+0.3%
Net Income	$-36,456	$92,194	-1.4%

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

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

$75,000

Total Directors

$88,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JOSEPH J CALABRO	CHAIRMAN	10.00	Officer Director	$75,000	$0	$75,000
DR ARTHUR CALISE	TRUSTEE	0.50	Director	$0	$0	$0
DR MARIO GONZALEZ	TRUSTEE	0.50	Director	$0	$0	$0
J JOHN CALABRO IV	TRUSTEE	0.50	Director	$13,500	$0	$13,500
LIA SADLER	TRUSTEE	0.50	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	$475,275	$511,731	$289,744	$-36,456
2022	$473,051	$380,857	$349,938	$92,194
2021	$408,852	$341,865	$234,007	$66,987
2020	$385,628	$300,385	$167,020	$85,243
2019	$380,629	$429,796	$81,777	$-49,167

NEW JERSEY INSTITUTE FOR MEDICAL RESEARCH & EDUCATION INC