NEW JERSEY SOCIETY OF PHYSICAL MEDICINE AND REHABILITATION INC

EIN: 473230053 Community Improvement

MONTVILLE, NJ

Total Revenue
$16,198
Total Expenses
$20,469
Total Assets
$31,257
Net Assets
$31,257
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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
1988
Legal Domicile
NJ
Principal Officer
TODD STITIK MD
Phone
9738683883
Tax Period
2023-01-01 to 2023-12-31

NEW JERSEY SOCIETY OF PHYSICAL MEDICINE AND REHABILITATION INC, founded in 1988, is a micro nonprofit in the Community Improvement sector that reported $16K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $20K exceeded revenue, resulting in a 26% operating deficit.

Mission

NEW JERSEY STATE MEDICAL SOCIETY REPRESENTING SPECIALISTS IN THE FIELD OF PHYSICAL MEDICINE & REHABILITATION (PM&R)WHOSE MISSION IS TO:* PROVIDE PATIENTS WITH A NETWORK OF HIGHLY QUALIFIED PHYSIATRISTS TO CHOOSE FROM* PROVIDE PATIENTS WITH HOLISTIC NON-SURGICAL OPTIONS FOR THEIR CONDITION* PROVIDE CONTINUING EDUCATION TO MEMBER PHYSIATRISTS TO MAINTAIN EXCELLENCE* POLITICAL ADVOCACY TO ALLOW PHYSIATRISTS TO PRACTICE MEDICINE IN THE INTEREST OF PATIENTS* PROVIDE A SUPPORTIVE NETWORK AMONG PHYSIATRISTS WHO CONTINUALLY SUPPORT THE PRACTICE OF MEDICINE WITH INTEGRITY

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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 (2023)

Revenue Breakdown

Contributions & Grants $15,615
Program Service Revenue $0
Investment Income $583
Other Revenue $0
TOTAL REVENUE $16,198

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $20,421
Other Expenses $20,469
TOTAL EXPENSES $20,469

Year-over-Year Comparison

2023 2022 Change
Revenue $16,198 $24,167 -0.3%
Expenses $20,469 $16,171 +0.3%
Net Income $-4,271 $7,996 -1.5%
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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TODD P STITIK MD PRESIDENT 5.00
Officer Director
$0 $0 $0
JEFFREY J FOSSATI MD VICE-PRESIDENT 5.00
Officer Director
$0 $0 $0
JANEL ROMELLO MD TREASURER/SECRETARY 5.00
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 $16,198 $20,469 $31,257 $-4,271
2022 $24,167 $16,171 $35,528 $7,996
2021 $27,782 $29,369 $27,532 $-1,587
2020 $16,947 $12,732 $29,119 $4,215
2019 $22,230 $16,820 $24,904 $5,410
2018 $17,049 $15,262 $19,494 $1,787
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