HEALTH CARE INSTITUTE OF NEW JERSEY INC (EIN 223442528) - 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

1996

Legal Domicile

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 RAISE AWARENESS, UNDERSTANDING AND PUBLIC SUPPORT FOR THE RESEARCH BASED PHARMACEUTICAL AND MEDICAL TECHNOLOGY INDUSTRY AMONG NEW JERSEY'S ELECTED AND APPOINTED OFFICIALS, MEDIA, CITIZENS AND OPINION LEADERS.

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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 $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

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

$499,789

Total Directors

Key Employees

$362,075

Highest Compensated

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

HEALTH CARE INSTITUTE OF NEW JERSEY INC