NEW JERSEY ASSOCIATION OF MENTAL H… - Form 990 Financial Data

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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

1951

Legal Domicile

Principal Officer

DEBRA L WENTZ PHD

Phone

6098385488

Tax Period

2023-07-01 to 2024-06-30

NEW JERSEY ASSOCIATION OF MENTAL HEALTH AND ADDICTION AGENCIES INC, founded in 1951, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.0M left a modest 5% surplus.

Mission

THE NJAMHAA MISSION IS TO PROMOTE THE VALUE OF ITS MEMBERS AS THE HIGHEST QUALITY BEHAVIORAL HEALTHCARE PROVIDERS FOR THE RESIDENTS OF NEW JERSEY THROUGH ADVOCACY AND PROFESSIONAL DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $1,756,876

NJAMHAA HAS PROVIDED EFFECTIVE ADVOCACY AND EDUCATIONAL SUPPORT TO ITS MEMBERS AND THE COMMUNITY AT LARGE, CREATING A FACE FOR INDIVIDUALS WITH MENTAL ILLNESS AND/OR ADDICTIONS WHO OFTEN HAVE NO...

NJAMHAA HAS PROVIDED EFFECTIVE ADVOCACY AND EDUCATIONAL SUPPORT TO ITS MEMBERS AND THE COMMUNITY AT LARGE, CREATING A FACE FOR INDIVIDUALS WITH MENTAL ILLNESS AND/OR ADDICTIONS WHO OFTEN HAVE NO VOICE OF THEIR OWN. THE ASSOCIATION HAS BEEN IN THE NATIONAL FOREFRONT FIGHTING STIGMA AND DISCRIMINATION AGAINST PERSONS WITH MENTAL ILLNESS AND/OR ADDICTIONS, HELPING THEM TO IMPROVE THEIR LIVES, EDUCATING THE PUBLIC, AS WELL AS LEADERS AND LEGISLATORS ABOUT THE VALUE OF THE TREATMENT AND SUPPORT SERVICES PROVIDED TO CHILDREN AND ADULTS BY ITS MEMBERS. NJAMHAA HAS ALSO BEEN ENGAGED BY THE STATE OF NEW JERSEY TO PROVIDE ITS SERVICES TO SELECT MENTAL HEALTH AND ADDICTION AGENCIES THROUGHOUT THE STATE AND TO DESIGN, DEVELOP AND IMPLEMENT TECHNICAL ASSISTANCE PROGRAMS TO PROMOTE THEIR EFFICIENT AND EFFECTIVE USE.

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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 $1,420,601

Program Service Revenue $592,469

Investment Income $54,680

Other Revenue $41,408

TOTAL REVENUE $2,109,158

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,479,944

Fundraising Expenses $0

Program Expenses $1,756,876

Other Expenses $522,381

TOTAL EXPENSES $2,002,325

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,109,158	$1,873,254	+0.1%
Expenses	$2,002,325	$1,736,329	+0.2%
Net Income	$106,833	$136,925	-0.2%

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

$360,060

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACQUES HRYSHKO MS LPC	CHAIR	2.00	Officer Director	$0	$0	$0
ANTHONY COMERFORD PHD	VICE CHAIR	2.00	Officer Director	$0	$0	$0
FRANK GHINASSI PHD ABPP	TREASURER	2.00	Officer Director	$0	$0	$0
ALAN DESTEFANO MSW	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERT BUDSOCK MS LCADC	TRUSTEE	2.00	Director	$0	$0	$0
TARA CHALAKANI PSYD LPC RN	TRUSTEE	2.00	Director	$0	$0	$0
ANTHONY DIFABIO PSYD	TRUSTEE	2.00	Director	$0	$0	$0
DEB MEGARO MBA	TRUSTEE	2.00	Director	$0	$0	$0
LOUIS A SCHWARCZ MA	TRUSTEE	2.00	Director	$0	$0	$0
BRIGITTE JOHNSON ESQ	TRUSTEE	2.00	Director	$0	$0	$0
MARY GAY ABBOTT-YOUNG LCADC	TRUSTEE	2.00	Director	$0	$0	$0
ERIKA KERBER ESQ	TRUSTEE	2.00	Director	$0	$0	$0
KATHY WHITE-THOMAS MS	TRUSTEE	2.00	Director	$0	$0	$0
DERRY HOLLAND LCSW	TRUSTEE	2.00	Director	$0	$0	$0
KRISTINE PENDY MSW	TRUSTEE	2.00	Director	$0	$0	$0
REGINA WIDDOWS MA	TRUSTEE	2.00	Director	$0	$0	$0
DEBRA L WENTZ PHD	PRESIDENT/CEO	103.00	Officer	$208,155	$27,268	$235,423
JULIA SCHNEIDER	CFO	46.00	Officer	$117,455	$7,182	$124,637
JUNE A NOTO	VP INFORMATION TECH, HR/AD	42.00	Highest	$133,324	$12,084	$145,408
RONALD D GORDON	DIRECTOR INFORMATION TECHNOLOGY	47.00	Highest	$100,744	$13,388	$114,132

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	$2,109,158	$2,002,325	$2,519,695	$106,833
2023	$1,873,254	$1,736,329	$2,501,864	$136,925
2022	$1,839,376	$1,750,571	$2,175,561	$88,805
2021	$1,912,649	$1,666,468	$2,043,066	$246,181
2020	$1,736,373	$1,695,853	$1,893,042	$40,520
2019	$1,813,564	$1,743,307	$1,716,151	$70,257
2018	$1,801,017	$1,747,323	$1,611,501	$53,694

NEW JERSEY ASSOCIATION OF MENTAL HEALTH AND ADDICTION AGENCIES INC