CHOP Clinical Associates Inc (EIN 223548970) - 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

JOSEPH W ST GEME III MD

Phone

2155901000

Tax Period

2022-07-01 to 2023-06-30

CHOP Clinical Associates Inc, founded in 1997, is a mid-sized nonprofit in the Health Care sector that reported $24.5M in total revenue in fiscal year 2022. Expenses of $27.8M exceeded revenue, resulting in a 13% operating deficit.

Mission

CHOP CLINICAL ASSOCIATES, INC. IS A NEW JERSEY PROFESSIONAL SERVICES CORPORATION ORGANIZED TO ENGAGE IN THE PRACTICE OF MEDICINE IN NEW JERSEY EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES BY PROMOTING THE HEALTH OF CHILDREN AND PROVIDING MEDICAL AND CLOSELY ALLIED PROFESSIONAL SERVICES TO CHILDREN, ENGAGING IN MEDICAL EDUCATION AND WORKING TO IMPROVE THE WELFARE OF CHILDREN, ALL IN SUPPORT OF CHOP.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $24,431,635

Investment Income $0

Other Revenue $44,097

TOTAL REVENUE $24,475,732

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,654,223

Fundraising Expenses $0

Program Expenses $26,065,958

Other Expenses $8,106,322

TOTAL EXPENSES $27,760,545

Year-over-Year Comparison

	2022	2021	Change
Revenue	$24,475,732	$23,420,303	+0.0%
Expenses	$27,760,545	$25,530,325	+0.1%
Net Income	$-3,284,813	$-2,110,022	+0.6%

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

$3,669,355

Total Directors

$3,669,355

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MADELINE BELL	FORMER SECRETARY	0.0		$0	$58,004	$3,740,056
JOSEPH W ST GEME III MD	PRESIDENT	1.0	Officer Director	$0	$37,707	$1,670,916
STEVEN DOCIMO	SECRETARY	1.0	Officer Director	$0	$61,824	$1,307,379
ELAINE GALLAGHER	TREASURER	1.0	Officer Director	$0	$57,297	$691,060

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	No data	No data	No data	No data
2023	$24,475,732	$27,760,545	$1,744,294	$-3,284,813
2022	$23,420,303	$25,530,325	$2,068,432	$-2,110,022
2021	$20,179,810	$20,609,963	$1,382,809	$-430,153
2020	$18,845,779	$19,778,248	$2,000,096	$-932,469
2019	$19,758,305	$18,813,390	$2,550,615	$944,915
2018	$20,540,836	$18,005,972	$1,474,729	$2,534,864

CHOP Clinical Associates Inc