New Jersey Hospital Association

Nonprofit profile at a glance

EIN
210618622
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Princeton, NJ, USA
Phone
6092754000
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$12,373,949
Expenses
$11,470,374
Assets
$204,695,807
Liabilities
$146,286,981

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

39 people listed

Executive titles in this filing

  • CATHLEEN D BENNETT (TRUSTEE - PRESIDENT & CEO)
  • SEAN HOPKINS (SENIOR VICE PRESIDENT)
  • THERESA L EDELSTEIN (SENIOR VICE PRESIDENT)
  • CHRISTINE A STEARNS (VICE PRESIDENT)
  • VICTORIA BROGAN (SENIOR VICE PRESIDENT)
  • KERRY MCKEAN-KELLY (VICE PRESIDENT)

Highest reported compensation

  • CATHLEEN D BENNETT (TRUSTEE - PRESIDENT & CEO): $1,727,133 total reported compensation
  • SEAN HOPKINS (SENIOR VICE PRESIDENT): $619,802 total reported compensation
  • CHRISTOPHER BAILEY (TRUSTEE - ASST TREASURER & CFO): $561,097 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Njha will be a trusted thought leader and agent of change in New Jersey, advocating, educating and researching to guide healthcare consumers, providers and legislators toward improved quality, safety, affordability and accessibility of healthcare.

What it reported doing in 2024

Chart - the center for health analytics, research & transformation is a research hub contained within the New Jersey hospital association. By using data analytics, and performing predictive modeling, chart seeks to inform the njha membership, state and federal elected officials and the general population, through the media, about trends and nuances related to the healthcare environment. The goal is to increase awareness about how healthcare is delivered and to explore methods to improve population health.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Cannot be determined from the filing. The program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 52
  • Transparency & Controls: 90
  • Accountability: 94
  • Sustainability: 59
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 58.3%; rating input score 58
  • Program expense ratio: 59.7%; rating input score 60
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90%; rating input score 90; 22nd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 7.3%; rating input score 61; 61st percentile among comparable filings
  • Total-asset coverage ratio: 17.85; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: 0.71; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 37.1%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 5.2% per year; rating input score 100; 46th percentile among comparable filings
  • Asset growth: 6.2% per year; rating input score 100; 43rd percentile among comparable filings

Details

  • Where the money goes: 58.3% of revenue deployed · 59.7% of spending went to programs
  • Governance: 27 of 30 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $6.8M in reported program spending
  • Leadership: top reported pay $1.7M · 39 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $931K reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Related organizations: 5 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 58/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.