Central Jersey Medical Center Inc

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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

2001

Legal Domicile

Principal Officer

JOHN T O'LEARY

Phone

7323760139

Tax Period

2024-01-01 to 2024-12-31

Central Jersey Medical Center Inc, founded in 2001, is a mid-sized nonprofit in the Health Care sector that reported $23.3M in total revenue in fiscal year 2024.

Mission

THE CENTRAL JERSEY MEDICAL CENTER IS FIRST AND FOREMOST A COMMUNITY HEALTH CENTER. THE NEEDS OF OUR COMMUNITY GOVERN THE PROGRAMS AND PARTNERSHIPS WE BUILD AND THE SERVICES WE OFFER TO THE PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $18,926,283 Revenue: $19,600,048

OPERATING A PRIMARY CARE DELIVERY SYSTEM COMPRISED OF ONE MEDICAL CENTER, OPERATING A SCHOOL BASED HEALTH CENTER NETWORK OF 7 SCHOOLS IN NEWARK. IN 2024, CJMC PROVIDED SERVICES TO OVER 22,100...

OPERATING A PRIMARY CARE DELIVERY SYSTEM COMPRISED OF ONE MEDICAL CENTER, OPERATING A SCHOOL BASED HEALTH CENTER NETWORK OF 7 SCHOOLS IN NEWARK. IN 2024, CJMC PROVIDED SERVICES TO OVER 22,100. PATIENTS WHICH GENERATED MORE THAN 80,000 PATIENT VISITS.

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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 $3,281,243

Program Service Revenue $19,600,048

Investment Income $370,821

Other Revenue $64,392

TOTAL REVENUE $23,316,504

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,309,506

Fundraising Expenses $0

Program Expenses $18,926,283

Other Expenses $7,614,181

TOTAL EXPENSES $22,923,687

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,316,504	$22,903,003	+0.0%
Expenses	$22,923,687	$20,574,656	+0.1%
Net Income	$392,817	$2,328,347	-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

222

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

$1,193,082

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN O'LEARY	Chief Executive Officer	40.0	Officer	$292,452	$30,500	$322,952
CYNTHIA VUITTONET	CHIEF MEDICAL OFFICER	40.0	Officer	$264,172	$16,610	$280,782
ABAID CHOUDRY	internal medicine specialist	40.0	Highest	$232,653	$34,610	$267,263
KATALIN HORVATH	PHYSICIAN	40.0	Highest	$216,574	$36,477	$253,051
PUNEET BABBAR	FAMILY PRACTICE PHYSICIAN	40.0	Highest	$224,262	$11,146	$235,408
WEI CHU	CLINICAL DIRECTOR - OB	40.0	Officer	$189,807	$30,485	$220,292
SANA AHSUN	PHYSICIAN	40.0	Highest	$215,000	$0	$215,000
PRASHANTHI GUJJULA	FAMILY PRACTICE PHYSICIAN	40.0	Highest	$206,084	$0	$206,084
THOMAS BOGGIANO	COO/CFO	40.0	Officer	$190,632	$10,380	$201,012
Darlene Forbes	CLINICAL DIRECTOR - PEDS	40.0	Officer	$168,044	$0	$168,044
Joel Russo	CHAIRman	2.0	Officer Director	$0	$0	$0
Robert BERGEN	Vice Chairman	2.0	Officer Director	$0	$0	$0
Ernest Feist	Secretary	2.0	Officer Director	$0	$0	$0
Judith Valdes	Treasurer	2.0	Officer Director	$0	$0	$0
Anthony DePaola	BOARD MEMBER	2.0	Director	$0	$0	$0
Prophet Kates	BOARD MEMBER	2.0	Director	$0	$0	$0
Chaim Rottenberg	BOARD MEMBER	2.0	Director	$0	$0	$0
Dupke Smith-Obasuyi	BOARD MEMBER	2.0	Director	$0	$0	$0
AJ Johal	BOARD MEMBER	2.0	Director	$0	$0	$0
Raymond Gaszynski	BOARD MEMBER	2.0	Director	$0	$0	$0
RENE SENAPE	BOARD MEMBER	2.0	Director	$0	$0	$0
Mark Razzoli	Board Member (Thru 11/24)	2.0	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	$23,316,504	$22,923,687	$28,526,245	$392,817
2023	$22,903,003	$20,574,656	$28,090,004	$2,328,347
2022	$24,270,094	$17,297,421	$25,750,776	$6,972,673
2021	$19,969,575	$15,619,046	$20,919,252	$4,350,529
2020	$17,318,859	$14,221,412	$15,305,518	$3,097,447
2019	$14,984,625	$14,302,135	$13,371,882	$682,490
2018	$14,364,949	$13,708,754	$13,415,576	$656,195