NEW JERSEY HEALTH CARE QUALITY INSTITUTE INC (EIN 311530922) - 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

LINDA SCHWIMMER

Phone

6094525980

Tax Period

2024-06-01 to 2025-05-31

NEW JERSEY HEALTH CARE QUALITY INSTITUTE INC, founded in 1997, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring.

Mission

To improve the safety, quality,and affordability of healthcare for everyone.

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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 $2,702,487

Program Service Revenue $248,000

Investment Income $51,012

Other Revenue $3,652

TOTAL REVENUE $3,005,151

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,793,421

Fundraising Expenses $104,120

Program Expenses $2,348,573

Other Expenses $1,168,139

TOTAL EXPENSES $2,961,560

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,005,151	$4,162,526	-0.3%
Expenses	$2,961,560	$2,475,595	+0.2%
Net Income	$43,591	$1,686,931	-1.0%

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

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

$524,112

Total Directors

$369,364

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA J SCHWIMMER JD	PRESIDENT & CEO	40.00	Officer Director	$365,513	$0	$365,513
SUZANNE M MILLER PHD	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
FRED JACOBS MD JD	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DONALD BRYAN JD	TREASURER	1.00	Officer Director	$0	$0	$0
CHARLENE HOLZBAUR MBA	SECRETARY	1.00	Officer Director	$0	$0	$0
KEMI ALLI MD	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT ANDREWS JD	DIRECTOR	1.00	Director	$0	$0	$0
MARY CAMPAGNOLO MD MBA	DIRECTOR	1.00	Director	$0	$0	$0
MARY ANN CHRISTOPHERM MSN RN FAAN	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER HOWARD JD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LEYMAN	DIRECTOR	1.00	Director	$0	$0	$0
LINDA LOCKE CNM MPH LSW FACNM	DIRECTOR	1.00	Director	$3,851	$0	$3,851
GARY MANN	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA MARTINEX-MEJIA MPA MA	DIRECTOR	1.00	Director	$0	$0	$0
ASHISH PARIKH MD	DIRECTOR	1.00	Director	$0	$0	$0
TYLA MINNIEAR	CHIEF OPERATING OFFICER	40.00	Officer	$152,379	$6,220	$158,599
ADELISA PEREZ-HUDGINS	VP OF QUALITY	40.00	Highest	$142,522	$4,042	$146,564
KATHRYN SHAMZAD	DIRECTOR OF POLICY	40.00	Highest	$157,256	$7,032	$164,288
CHRISTINE IVERY	PROGRAM OFFICER	40.00	Highest	$110,000	$3,472	$113,472

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	$3,005,151	$2,961,560	$4,809,420	$43,591
2024	$4,162,526	$2,475,595	$4,199,648	$1,686,931
2023	$2,391,556	$1,953,161	$2,745,838	$438,395
2022	$1,794,339	$1,798,573	$2,041,542	$-4,234
2021	$2,171,857	$1,906,196	$2,139,229	$265,661
2020	$2,124,910	$2,104,246	$2,148,230	$20,664
2019	$2,203,313	$2,048,132	$1,847,390	$155,181

NEW JERSEY HEALTH CARE QUALITY INSTITUTE INC