NEWARK, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW JERSEY UNDERWRITING ASSOCIATION RETIREE MEDICAL TRUST, founded in 2014, is a small nonprofit in the Mutual Benefit sector that reported $347K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $148K, a strong 43% operating margin.
THE PURPOSE OF THE NEW JERSEY UNDERWRITING ASSOCIATION RETIREE MEDICAL TRUST (THE "TRUST") IS TO PROVIDE A WELFARE BENEFITS PLAN FOR ALL ELIGIBLE RETIREES, AS WELL AS THEIR DEPENDENTS, OF THE NEW JERSEY INSURANCE UNDERWRITING ASSOCIATION (THE "ASSOCIATION"). THE ICSO GROUP HEALTH AND WELFARE INSURANCE PLAN (THE "PLAN") PROVIDES PAYMENTS AND REIMBURSEMENTS OF QUALIFIED MEDICAL PREMIUMS AND EXPENSES INCURRED BY THE PARTICIPANTS. THE PAYMENTS ARE FOR QUALIFYING MEDICAL CARE EXPENSES, DEFINED BY SECTION 213(D)(1) OF THE CODE, OR MEDICAL INSURANCE COVERAGE. MEMBERSHIP BENEFITS FROM THE PLAN ARE NOT LIMITED TO OFFICERS, SHAREHOLDERS, OR HIGHLY COMPENSATED EMPLOYEES. THE APPOINTED TRUSTEES WILL BE RESPONSIBLE FOR THE MANAGING OF THE FUND.
PROVIDE WELFARE BENEFITS PLAN FOR ELIGIBLE RETIREES, AS WELL AS THEIR DEPENDENTS, OF THE NEW JERSEY INSURANCE UNDERWRITING ASSOCIATION. IN 2022, THERE WERE 41 PARTICIPANTS WHICH WERE COMPROMISED OF...
PROVIDE WELFARE BENEFITS PLAN FOR ELIGIBLE RETIREES, AS WELL AS THEIR DEPENDENTS, OF THE NEW JERSEY INSURANCE UNDERWRITING ASSOCIATION. IN 2022, THERE WERE 41 PARTICIPANTS WHICH WERE COMPROMISED OF 34 RETIREES AND 7 SPOUSES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $346,822 | $251,787 | +0.4% |
| Expenses | $198,553 | $207,115 | 0.0% |
| Net Income | $148,269 | $44,672 | +2.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ALBERT CHIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER PEAKS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE MUTTERPERL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $346,822 | $198,553 | $4,590,426 | $148,269 |
| 2022 | $251,787 | $207,115 | $4,281,260 | $44,672 |
| 2021 | $250,715 | $211,578 | $4,453,648 | $39,137 |
| 2020 | $271,676 | $210,765 | $4,283,126 | $60,911 |
| 2019 | $281,142 | $180,518 | $4,110,766 | $100,624 |
| 2018 | $278,769 | $212,331 | $3,876,065 | $66,438 |
Compare NEW JERSEY UNDERWRITING ASSOCIATION RETIREE MEDICAL TRUST with other nonprofits in New Jersey and across the country.