HEALTH CARE INSTITUTE OF NEW JERSEY INC

EIN: 223442528

TRENTON, NJ

Total Revenue
$1,488,733
Total Expenses
$1,438,766
Total Assets
$2,817,570
Net Assets
$1,616,787
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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
1996
Legal Domicile
NJ
Principal Officer
CHRISSY BUTEAS
Phone
7327299619
Tax Period
2023-01-01 to 2023-12-31

HEALTH CARE INSTITUTE OF NEW JERSEY INC, founded in 1996, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.4M left a modest 3% surplus.

Mission

TO PROVIDE RESEARCH, ANALYSIS, COMMUNICATION AND PUBLICATION OF INFORMATION CONCERNING HEALTHCARE PRODUCTS, THEIR MANUFACTURE AND MARKETING AS THEY PERTAIN TO NEW JERSEY'S PHARMACEUTICAL AND MEDICAL TECHNOLOGY INDUSTRY.

Program Service Accomplishments

Program 1
Expenses: $673,658

HINJ STRIVES TO RAISE AWARENESS AND APPRECIATION OF THE CLINICAL AND ECONOMIC VALUE OF EXPANDING PATIENT ACCESS TO MEDICAL INNOVATIONS THAT IMPROVE OUTCOMES AND QUALITY OF LIFE, AND WORKS TO SUSTAIN...

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HINJ STRIVES TO RAISE AWARENESS AND APPRECIATION OF THE CLINICAL AND ECONOMIC VALUE OF EXPANDING PATIENT ACCESS TO MEDICAL INNOVATIONS THAT IMPROVE OUTCOMES AND QUALITY OF LIFE, AND WORKS TO SUSTAIN THE LIFE SCIENCES AS NEW JERSEY'S PREMIER INDUSTRY AND A PILLAR OF THE STATE'S ECONOMY.

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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 $1,409,819
Program Service Revenue $0
Investment Income $78,914
Other Revenue $0
TOTAL REVENUE $1,488,733

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,082,611
Fundraising Expenses $0
Program Expenses $673,658
Other Expenses $356,155
TOTAL EXPENSES $1,438,766

Year-over-Year Comparison

2023 2022 Change
Revenue $1,488,733 $1,438,492 +0.0%
Expenses $1,438,766 $1,236,251 +0.2%
Net Income $49,967 $202,241 -0.8%
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

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Governance

Voting Members
9
Independent Members
9
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
6
$499,789
Total Directors
4
$0
Key Employees
2
$362,075
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER LEPORE CHAIR 0.20
Officer Director
$0 $0 $0
ELIZABETH K WOODY VICE CHAIR 0.20
Officer Director
$0 $0 $0
CHARLES LEITGEB TREASURER 0.20
Officer Director
$0 $0 $0
JACK COX IMMEDIATE PAST CHAIR 0.00
Officer Director
$0 $0 $0
PATRICIA A BARBIERI ESQ BOARD SECRETARY 0.20
Officer
$0 $0 $0
DEAN J PARANICAS PRESIDENT 40.00
Officer
$445,084 $54,705 $499,789
HASKELL B BERMAN SR VICE PRESIDENT 40.00
Key Emp
$172,584 $1,200 $173,784
STEVEN B ISSENMAN SR VICE PRESIDENT 40.00
Key Emp
$182,291 $6,000 $188,291
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 $1,488,733 $1,438,766 $2,817,570 $49,967
2022 $1,438,492 $1,236,251 $2,288,195 $202,241
2021 $1,422,469 $1,519,479 $2,261,563 $-97,010
2020 $1,375,765 $1,440,063 $2,046,186 $-64,298
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