MORRIS COUNTY MEDICAL SOCIETY

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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

1816

Legal Domicile

Phone

9735398888

Tax Period

2023-01-01 to 2023-12-31

MORRIS COUNTY MEDICAL SOCIETY, founded in 1816, is a small nonprofit that reported $201K in total revenue in fiscal year 2023. The organization ran a surplus of $64K, a strong 32% operating margin.

Mission

THE ORGANIZATION WAS FORMED IN 1816 TO ORGANIZE AND AID PHYSICIANS IN MORRIS COUNTY NJ TO ADVANCE MEDICAL KNOWLEDGE, ELEVATE AND MAINTAIN PROFESSIONAL STANDARDS AND TO BROADEN THE FIELD OF PREVENTIVE MEDICINE AND PUBLIC HYGIENE. ADDITIONALLY, TO SERVE THE MEMBERSHIP AS AN ADVOCATE FOR THE PHYSICIAN/PATIENT RELATIONSHIP.

Program Service Accomplishments

Program 1

TO ADVANCE MEDICAL KNOWLEDGE, MAINTAIN PROFESSIONAL STANDARDS AND BROADEN THE FIELD OF PREVENTIVE MEDICINE AND PUBLIC HYGIENE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $125,092

Program Service Revenue $39,116

Investment Income $12,486

Other Revenue $24,040

TOTAL REVENUE $200,734

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,801

Fundraising Expenses $0

Other Expenses $68,707

TOTAL EXPENSES $136,508

Year-over-Year Comparison

	2023	2022	Change
Revenue	$200,734	$204,647	0.0%
Expenses	$136,508	$267,541	-0.5%
Net Income	$64,226	$-62,894	-2.0%

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

Total Directors

$48,116

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA DONELAN	Executive Direc	40.00	Director	$48,116	$0	$48,116
ROBERT H VRABLIK MD	President	5.00	Officer	$0	$0	$0
KAREN M BRYNILDSEN MD	PRESIDENT ELECT	5.00	Officer	$0	$0	$0
CATHERINE A MAZOLLA MD	VP / SECRETARY	5.00	Officer	$0	$0	$0
ANNA H VANDERSCHRAAF MD	TREAS/ REPORTER	5.00	Officer	$0	$0	$0
MICHAEL H BERNSTEIN MD	REPORTER	5.00	Officer	$0	$0	$0
JEFFREY A SCHWARTZ MD	MEMBER AT LARGE	5.00	Officer	$0	$0	$0
DONALD M CHERVENAK MD	PAST PRESIDENT	5.00	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
2023	$200,734	$136,508	$360,189	$64,226
2022	$206,262	$269,156	$322,947	$-62,894
2021	$262,604	$218,441	$392,199	$44,163
2019	$270,622	$195,527	$408,096	$75,095
2018	$274,647	$275,917	$430,557	$-1,270