NJ CENTER FOR THE HEALING ARTS INC

EIN: 521638672 501(c)(3)

RED BANK, NJ

Total Revenue
$430,689
Total Expenses
$442,293
Total Assets
$85,847
Net Assets
$-335,529
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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
1989
Legal Domicile
NJ
Phone
7327472944
Tax Period
2023-01-01 to 2023-12-31

NJ CENTER FOR THE HEALING ARTS INC, founded in 1989, is a small nonprofit that reported $431K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year.

Mission

PREVENTIVE MENTAL HEALTH SERVICES

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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 $4,399
Program Service Revenue $426,290
Investment Income $0
Other Revenue $0
TOTAL REVENUE $430,689

Expense Breakdown

Grants Paid $0
Salaries & Benefits $252,476
Fundraising Expenses $0
Program Expenses $320,841
Other Expenses $189,817
TOTAL EXPENSES $442,293

Year-over-Year Comparison

2023 2022 Change
Revenue $430,689 $506,341 -0.1%
Expenses $442,293 $710,069 -0.4%
Net Income $-11,604 $-203,728 -0.9%
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
2
Independent Members
N/A
Employees
16
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
$100,870
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KYRA BECKER ASST EXEC DIREC 35.00
Officer
$74,320 $0 $74,320
CAROL L VEIZER Executive Direc 35.00
Officer
$26,550 $0 $26,550
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 $430,689 $442,293 $85,847 $-11,604
2022 $506,341 $710,069 $92,871 $-203,728
2021 $611,773 $649,234 $286,484 $-37,461
2020 $589,939 $565,734 $228,461 $24,205
2019 $493,469 $500,250 $83,034 $-6,781
2018 $415,326 $494,977 $90,242 $-79,651
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