NORTH JERSEY HEALTH CARE PROPERTIES INC (EIN 223519709) - 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

1997

Legal Domicile

Principal Officer

Michael Walter

Phone

9734512005

Tax Period

2024-01-01 to 2024-12-31

NORTH JERSEY HEALTH CARE PROPERTIES INC, founded in 1997, is a micro nonprofit in the Community Improvement sector that reported $350K in total revenue in fiscal year 2024. Revenue fell 21609% from the prior year — a significant decline worth monitoring.

Mission

To hold title to real property for the benefit of Atlantic Health System.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $432,684

Investment Income $0

Other Revenue $-783,068

TOTAL REVENUE $-350,384

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,531

Fundraising Expenses $0

Other Expenses $135,290

TOTAL EXPENSES $160,821

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-350,384	$1,629	-216.1%
Expenses	$160,821	$164,704	0.0%
Net Income	$-511,205	$-163,075	+2.1%

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

N/A

Employees

N/A

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

$8,032,591

Total Directors

$8,032,591

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Lenahan	President & Treasurer	2.00	Officer Director	$0	$461,142	$3,385,858
Sheilah O'Halloran	Secretary	2.00	Officer Director	$0	$282,358	$2,141,415
Robert Adams	Director	2.00	Officer Director	$0	$185,492	$1,452,117
Robert Peake	Director	2.00	Officer Director	$0	$146,805	$1,053,201

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	$-350,384	$160,821	$18,834,197	$-511,205
2023	$1,629	$164,704	$19,473,563	$-163,075
2022	$-41,942	$148,305	$17,543,888	$-190,247
2021	$245,189	$218,674	$18,176,583	$26,515
2020	$305,098	$143,656	$18,511,748	$161,442
2019	$220,756	$202,384	$19,816,540	$18,372
2018	$104,016	$163,128	$15,733,403	$-59,112

NORTH JERSEY HEALTH CARE PROPERTIES INC