HUNTERDON SPECIALTY CARE PC

EIN: 474913206 501(c)(3) Health Care

FLEMINGTON, NJ

Total Revenue
$28,709,394
Total Expenses
$47,196,957
Total Assets
$4,532,391
Net Assets
$-50,938,369
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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
2015
Legal Domicile
NJ
Principal Officer
DAVID D SKILLINGE DO
Phone
9087886100
Tax Period
2023-01-01 to 2023-12-31

HUNTERDON SPECIALTY CARE PC, founded in 2015, is a mid-sized nonprofit in the Health Care sector that reported $28.7M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $47.2M exceeded revenue, resulting in a 64% operating deficit.

Mission

to deliver compassionate and exceptional care that improves the health of the community by offering community focused health improvemement.

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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 $0
Program Service Revenue $28,709,394
Investment Income $0
Other Revenue $0
TOTAL REVENUE $28,709,394

Expense Breakdown

Grants Paid $0
Salaries & Benefits $24,098,107
Fundraising Expenses $0
Program Expenses $41,533,320
Other Expenses $23,098,850
TOTAL EXPENSES $47,196,957

Year-over-Year Comparison

2023 2022 Change
Revenue $28,709,394 $24,301,402 +0.2%
Expenses $47,196,957 $37,863,771 +0.2%
Net Income $-18,487,563 $-13,562,369 +0.4%
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
1
Independent Members
N/A
Employees
77
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
2
$1,072,679
Total Directors
1
$664,968
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NEAL VARUGHESE MD PHYSICIAN 50.0
Highest
$1,001,379 $2,550 $1,003,929
JEFFREY HARTFORD MD PHYSICIAN 50.0
Highest
$910,928 $41,752 $952,680
SARAH QURESHI MD PHYSICIAN 50.0
Highest
$839,146 $48,926 $888,072
SANDEEP BHARGAVA MD PHYSICIAN 50.0
Highest
$670,703 $46,385 $717,088
JENNIFER MONTES MD PHYSICIAN 50.0
Highest
$661,461 $38,932 $700,393
DAVID D SKILLINGE DO TRUSTEE - VP MEDICAL PRACTICES 50.0
Officer Director
$0 $68,938 $664,968
NICOLENE M KUSHNER COO 50.0
Officer
$0 $66,702 $407,711
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 $28,709,394 $47,196,957 $4,532,391 $-18,487,563
2022 $24,301,402 $37,863,771 $2,427,718 $-13,562,369
2021 $25,039,620 $26,965,138 $3,946,893 $-1,925,518
2020 $21,598,979 $26,233,370 $4,932,046 $-4,634,391
2019 $22,564,640 $34,586,880 $6,184,686 $-12,022,240
2018 $20,797,222 $29,309,907 $6,323,426 $-8,512,685
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