FAIR SHARE HOSPITALS COLLABORATIVE

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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

2011

Legal Domicile

Principal Officer

JAMES DARLEY

Phone

9734512077

Tax Period

2024-01-01 to 2024-12-31

FAIR SHARE HOSPITALS COLLABORATIVE, founded in 2011, is a small nonprofit in the Health Care sector that reported $420K in total revenue in fiscal year 2024. The organization ran a surplus of $170K, a strong 40% operating margin.

Mission

MISSION ========== THE MISSION OF THE FAIR SHARE HOSPITALS COLLABORATIVE ("COLLABORATIVE"), A NOT-FOR-PROFIT ORGANIZATION, IS: - TO PROVIDE THE HIGHEST LEVEL OF HEALTH CARE TO ALL NEW JERSEY RESIDENTS, REGARDLESS OF THEIR ABILITY TO PAY, BY SEEKING FAIRNESS IN DISTRIBUTION OF STATE AND FEDERAL HEALTH CARE FUNDING. THE COLLABORATIVE'S PARTICULAR FOCUS IS HELPING ITS MEMBER HOSPITALS AND HEALTH SYSTEMS PROVIDE ACCESSIBLE AND ACCOUNTABLE CARE TO THEIR COMMUNITIES. - TO SEEK FAIRNESS IN THE DISTRIBUTION OF STATE AND FEDERAL HEALTHCARE FUNDING IN ORDER TO ENSURE NEW JERSEY HOSPITALS' ABILITY TO PROVIDE ACCESS AND QUALITY CARE TO CHARITY, MEDICAID-ELIGIBLE AND UNINSURED PATIENTS THROUGHOUT THE STATE OF NEW JERSEY. - TO ADVOCATE FOR THE NEEDS OF ITS MEMBERS AS HEALTH CARE REFORM IS DEVELOPED AND IMPLEMENTED. PRINCIPLES ========== THE GUIDING PRINCIPLES OF THE FAIR SHARE HOSPITALS COLLABORATIVE ARE TO ENSURE THAT: - NEW JERSEY RESIDENTS HAVE ACCESS TO HIGH-QUALITY, COST-EFFECTIVE PATIENT CARE AT ALL OF THE STATE'S HOSPITALS. - THE STATE PROVIDES ADEQUATE FUNDING FOR HEALTH CARE AS WELL AS FAIR AND EQUITABLE DISTRIBUTION OF THOSE FUNDS TO ENSURE ACCESS TO HIGH-QUALITY, COST-EFFECTIVE PATIENT CARE, WITH SUCH FUNDING FOLLOWING THE PATIENTS. - HOSPITALS ARE HELD ACCOUNTABLE FOR THEIR USE OF PUBLIC FUNDS TO SUPPORT ACCESS TO AND THE PROVISION OF QUALITY AND COST-EFFECTIVE PATIENT CARE. - STATE HEALTH CARE FUNDING POLICY AND DISTRIBUTION FORMULAS SHOULD TAKE INTO CONSIDERATION THE FOLLOWING: - ALL SOURCES OF GOVERNMENT FUNDING. - THE TOTAL OF ALL UNCOMPENSATED CARE PROVIDED BY EACH HOSPITAL AND THE BURDEN OF BAD DEBT INCURRED BY EACH HOSPITAL. - HOSPITALS CANNOT SUSTAIN COST SHIFTING. - STATE HEALTH CARE POLICY SHOULD FAIRLY DISTRIBUTE GRADUATE MEDICAL EDUCATION FUNDING TO ALL TEACHING HOSPITALS.

Program Service Accomplishments

Program 1

Expenses: $204,513 Revenue: $0

EXPENSES INCURRED TO PROVIDE THE HIGHEST LEVEL OF HEALTHCARE TOALL NEW JERSEY RESIDENTS, SEEK FAIRNESS IN THE DISTRIBUTION OFSTATE AND FEDERAL FUNDING TO NEW JERSEY HOSPITALS AND TO ADVOCATEFOR THE NEEDS OF ITS MEMBERS. PLEASE ALSO REFER TO THEORGANIZATION'S MISSION OUTLINED IN PART III, QUESTION 1.

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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 $420,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $420,000

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $126,530

Fundraising Expenses $0

Program Expenses $204,513

Other Expenses $122,736

TOTAL EXPENSES $250,266

Year-over-Year Comparison

	2024	2023	Change
Revenue	$420,000	$405,000	+0.0%
Expenses	$250,266	$228,879	+0.1%
Net Income	$169,734	$176,121	0.0%

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

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

$116,688

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REGINALD J BLABER MD	CHAIRMAN - DIRECTOR	1.00	Officer Director	$0	$0	$0
STEPAHNIE SCHWARTZ MHSA FAC	TREASURER - DIRECTOR	1.00	Officer Director	$0	$0	$0
JOSEPH G CACCHIONE MD	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT C GARRETT FACHE	DIRECTOR	1.00	Director	$0	$0	$0
WARREN GELLER	DIRECTOR	1.00	Director	$0	$0	$0
AMY B MANSUE	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW SHARP	DIRECTOR	1.00	Director	$0	$0	$0
JAMES DARLEY	EXEC. DIR. AS OF 04/01/24	55.00	Officer	$103,000	$13,688	$116,688
EILEEN KEAN ESQ INTERIM ED	(TERMED 4/1/24)	55.00	Officer	$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	$420,000	$250,266	$1,226,367	$169,734
2023	$405,000	$228,879	$1,074,368	$176,121
2022	$420,000	$282,307	$888,042	$137,693
2021	$340,000	$239,800	$744,359	$100,200
2020	$285,000	$283,316	$648,431	$1,684
2019	$345,000	$303,956	$669,095	$41,044
2018	$345,000	$269,671	$611,991	$75,329