HEALTHY GREATER NEWARK ACO INC

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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

2014

Legal Domicile

Principal Officer

KERI LOGOSSO-MISURELL

Phone

9738554835

Tax Period

2018-01-01 to 2018-12-31

HEALTHY GREATER NEWARK ACO INC, founded in 2014, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2018. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $1.1M left a modest 5% surplus.

Mission

THE HEALTHY GREATER NEWARK ACCOUNTABLE CARE ORGANIZATION IS A DIVERSE TEAM OF NEWARK PROVIDER PARTNERS THAT INCLUDES HOSPITAL, FEDERALLY QUALIFIED HEALTH CENTERS, BEHAVIORAL HEALTH, SUBSTANCE USE DISORDER AND COMMUNITY REPRESENTATION. ACO PARTNERS ARE WORKING TOGETHER TO IMPROVE HEALTH AND MAXIMIZE EFFICIENCIES THROUGH PROVIDER LEVEL PRACTICE TRANSFORMATION AND COMMUNITY ENGAGEMENT USING DATA DRIVEN STRATEGIES.

Program Service Accomplishments

Program 1

Expenses: $1,028,394

New Jersey Medicaid ACO Pilot supports the design and implementation of a Medicaid Accountable Care pilot in three NJ communities (Newark, Trenton and Camden) to explore innovative system re-design including (a) testing the ACO as an alternative to managed care, (b) evaluating how care management and care coordination could be delivered to high risk, high cost utilizers, (c) stretching the role of Medicaid beyond medical services to integrate social services and, (d) testing payment reform models including pay for performance metrics and incentives. ACO Infrastructure (The Nicholson Foundation) supports the Medicaid ACO pilot by funding core ACO staff, specifically an Executive Director and Data Analyst, and related efforts to research, design and implement ACO financing and care management models. ACO Infrastructure (Healthcare Foundation of NJ) supports the Medicaid ACO pilot by funding core ACO staff, specifically a Clinical Director, to oversee clinical operations of the ACO, including working with field staff and partner agencies on strategies to improve coordination and care delivery.

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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 (2018)

Revenue Breakdown

Contributions & Grants $1,152,164

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,152,164

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,028,394

Other Expenses $1,096,774

TOTAL EXPENSES $1,096,774

Year-over-Year Comparison

	2018	2017	Change
Revenue	$1,152,164	$1,507,156	-0.2%
Expenses	$1,096,774	$1,094,176	+0.0%
Net Income	$55,390	$412,980	-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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$138,796

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE RODGERS	CHAIRPERSON	4.0	Officer Director	$0	$0	$0
JEREMIAH MURILLO MD	VICE-CHAIRPERSON	4.0	Officer Director	$0	$0	$0
TOMAS GREGORIO	SECRETARY	4.0	Officer Director	$0	$0	$0
ROBERT BUDSOCK	TRUSTEE	2.0	Director	$0	$0	$0
VIVIAN COX FRASER	TRUSTEE	2.0	Director	$0	$0	$0
KRISTINE MCCOY	TRUSTEE	2.0	Director	$0	$0	$0
KATHY OPROMOLLO	TRUSTEE - RESIGNED	2.0	Director	$0	$0	$0
ROSEMARIE ROSATI	TRUSTEE - RESIGNED	2.0	Director	$0	$0	$0
SUSAN WALSH MD	TRUSTEE - RESIGNED	2.0	Director	$0	$0	$0
DOUG ZEHNER	TREASURER	4.0	Officer Director	$0	$0	$0
CHANTAL BRAZEAU MD	TRUSTEE	2.0	Director	$0	$0	$0
MARY-CATHERINE BOHAN	TRUSTEE	2.0	Director	$0	$0	$0
CLAUDIA COMER	TRUSTEE	2.0	Director	$0	$0	$0
ANNETTE HASTINGS	TRUSTEE	2.0	Director	$0	$0	$0
MARK WADE	TRUSTEE	2.0	Director	$0	$0	$0
KERI LOGOSSO-MISURELL	EXECUTIVE DIRECTOR	40.0	Officer	$0	$0	$138,796

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
2018	$1,152,164	$1,096,774	$998,058	$55,390