THE ALUMNI ASSOCIATION OF THE NEW JERSEY MEDICAL SCHOOL INC

EIN: 237399317 501(c)(3) Education

NEWARK, NJ

Total Revenue
$155,771
Total Expenses
$121,267
Total Assets
$2,985,306
Net Assets
$2,932,680
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
NJ
Principal Officer
GEORGE F HEINRICH MD'72
Phone
9739726864
Tax Period
2022-07-01 to 2023-06-30

THE ALUMNI ASSOCIATION OF THE NEW JERSEY MEDICAL SCHOOL INC, founded in 1970, is a small nonprofit in the Education sector that reported $156K in total revenue in fiscal year 2022. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $35K, a strong 22% operating margin.

Mission

TO ENHANCE THE IMAGE OF THE MEDICAL SCHOOL, PROMOTE QUALITY MEDICAL EDUCATION AND SUPPORT MEDICAL SCHOOL STUDENTS WITH APPROPRIATE STUDENT ENRICHMENT PROGRAMS, DEVELOP STUDENT SCHOLARSHIP AWARDS PROGRAM INCLUDING SPECIAL GRANTS TO ENCOURAGE ACADEMIC SKILLS WITHIN THE MEDICAL SCHOOL STUDENT COMMUNITY.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $84,238
Program Service Revenue $0
Investment Income $71,533
Other Revenue $0
TOTAL REVENUE $155,771

Expense Breakdown

Grants Paid $0
Salaries & Benefits $75,318
Fundraising Expenses $0
Program Expenses $67,426
Other Expenses $45,949
TOTAL EXPENSES $121,267

Year-over-Year Comparison

2022 2021 Change
Revenue $155,771 $222,994 -0.3%
Expenses $121,267 $114,686 +0.1%
Net Income $34,504 $108,308 -0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
24
Independent Members
23
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
9
$79,037
Total Directors
24
$79,037
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EMILY BIRKITT DIRECTOR 40.00
Officer Director
$0 $0 $79,037
DAVID CENNIMO MD '01 SECRETARY 0.50
Officer Director
$0 $0 $0
ALBERT C LI MD '03 TRUSTEE N/A
Director
$0 $0 $0
CHIRAG BADAMI MD '03 TRUSTEE N/A
Director
$0 $0 $0
LESLIE OSEI-TUTU MD '03 TRUSTEE N/A
Director
$0 $0 $0
VALERIE A FITZHUGH MD '04 TRUSTEE N/A
Director
$0 $0 $0
CHRISTIN MTRABA MD '06 TRUSTEE N/A
Director
$0 $0 $0
TIA CMANNING MD '07 TRUSTEE N/A
Director
$0 $0 $0
CHRISTOPHER DECOTIIS MD '08 TRUSTEE N/A
Director
$0 $0 $0
TONI BENINATO MD '08 TRUSTEE N/A
Director
$0 $0 $0
ADAM M HANDLER MD '11 TRUSTEE N/A
Director
$0 $0 $0
ELIZABETH A ALGER MD '64 TRUSTEE N/A
Officer Director
$0 $0 $0
PAUL JP BOLANOWSKI MD '65 PAST PRESIDE N/A
Officer Director
$0 $0 $0
BARRY A MALTZMAN MD '70 TRUSTEE N/A
Director
$0 $0 $0
JOSEPH V DITROLIO MD '79 CHAIRMAN 0.50
Officer Director
$0 $0 $0
BARRY PRYSTOWSKI MD '81 TRUSTEE N/A
Director
$0 $0 $0
SUSAN H MORRISON MD '81 TRUSTEE N/A
Director
$0 $0 $0
ROBIN S SCHROEDER MD '86 PAST PRESIDE N/A
Officer Director
$0 $0 $0
STEVEN A DUMBROFF MD '89 PRESIDENT 1.00
Officer Director
$0 $0 $0
KENNETH TOMKOVICH MD '93 TRUSTEE N/A
Director
$0 $0 $0
ANA NATALE-PEREIRA MD '96 TRUSTEE N/A
Director
$0 $0 $0
KATHLEEN M CUDDIHY MD '96 TRUSTEE N/A
Director
$0 $0 $0
GEORGE F HEINRICH MD'72 TREASURER 1.00
Officer Director
$0 $0 $0
JAMES OLESKE MD '71 MPH PAST PRESIDE N/A
Officer 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 No data No data No data No data
2023 $155,771 $121,267 $2,985,306 $34,504
2022 $222,994 $114,686 $2,645,099 $108,308
2021 $178,340 $117,191 $2,927,591 $61,149
2020 $158,163 $119,895 $2,207,199 $38,268
2019 $88,973 $101,391 $2,172,192 $-12,418
2018 $292,137 $234,230 $2,080,948 $57,907
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