New Jersey Hospital Association
- Assets
- $188.3m
- Revenue
- $13.4m
- Investments
- $36.0m
- Employees
- 40
- Location
- Princeton, NJ
- Founding
- 03/1948
- Data as of
- 12/2023
- EIN
- 21-0618622
Organization Overview
New Jersey Hospital Association is located in Princeton, NJ. The organization was established in 1948. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2023, New Jersey Hospital Association employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Hospital Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, New Jersey Hospital Association generated $13.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $11.9m during the year ending 12/2023. While expenses have increased by 4.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE NEW JERSEY HOSPITAL ASSOCIATION IS TO IMPROVE THE HEALTH OF THE PEOPLE OF NEW JERSEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATION - AS THE PREMIER STATEWIDE HEALTHCARE ASSOCIATION SERVING APPROXIMATELY 460 MEMBERS AND AFFILIATES, NJHA IS THE LEADER IN ADVOCACY, EDUCATION AND INFORMATION, PARTNERING WITH ITS MEMBERS TO PROVIDE ACCESSIBLE, AFFORDABLE AND QUALITY HEALTHCARE TO PATIENTS AND PEOPLE THROUGHOUT NEW JERSEY.
STRATEGIC INITIATIVESCOMMUNICATIONS AND MEMBER SERVICESCENTER FOR PARTNERSHIPS TRANSFORMING HEALTHCONTRACTED LEGAL SERVICESQ3 SUBCONTRACTHOSPITAL PREPAREDNESS PROGRAM COOPERATIVE AGREEMENTASPR COVID-19 RESPONSE GRANTOTHER PROGRAM SERVICES REVENUE OF $2,927,543 INCLUDES GRANT REVENUE OF $2,756,799 SHOWN ON FORM 990 PART VIII LINE 1F
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.
GOVERNMENT RELATIONS AND POLICY/POST-ACUTE CARE POLICY - PLAYS A CRITICAL ROLE IN DEFINING AND IMPLEMENTING THE ADVOCACY PRINCIPLES THAT SUPPORT MEMBERSHIP INTERESTS AND ACTS AS A KEY CONTACT BETWEEN THE STATE DECISION MAKERS AND INDUSTRY LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert H Adams Trustee Class Of 2024 | Trustee | 1 | $0 |
Bill Arnold Vice Chair | Trustee | 1 | $0 |
Christopher Bailey Assistant Treasurer & CFO | OfficerTrustee | 40 | $0 |
Cathleen D Bennett President & CEO | OfficerTrustee | 40 | $1,020,571 |
Robert W Brenner Trustee Class Of 2024 | Trustee | 1 | $0 |
Eric W Carney Trustee Class Of 2023 | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
O'toole Scrivo Llc Consulting | 12/30/23 | $189,890 |
Ocean Place Resort & Spa Consulting | 12/30/23 | $154,548 |
Washington Strategic Consulting Consulting | 12/30/23 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,117,438 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $460,065 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,756,799 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,334,302 |
| Total Program Service Revenue | $1,944,627 |
| Investment income | $699,683 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $371,569 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,350,181 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,571,128 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,664,340 |
| Pension plan accruals and contributions | $245,107 |
| Other employee benefits | -$78,182 |
| Payroll taxes | $308,110 |
| Fees for services: Management | $51,950 |
| Fees for services: Legal | $211,117 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $215,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,896 |
| Fees for services: Other | $1,636,676 |
| Advertising and promotion | $5,915 |
| Office expenses | $764,529 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $174,793 |
| Travel | $49,206 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $409,804 |
| Interest | $0 |
| Payments to affiliates | $832,760 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $126,842 |
| All other expenses | $0 |
| Total functional expenses | $11,923,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$160,596 |
| Savings and temporary cash investments | $2,091,441 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,663,748 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $915,604 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,825,414 |
| Investments—other securities | $35,955,741 |
| Investments—program-related | $30,827 |
| Intangible assets | $0 |
| Other assets | $127,942,222 |
| Total assets | $188,264,401 |
| Accounts payable and accrued expenses | $3,030,508 |
| Grants payable | $0 |
| Deferred revenue | $8,827,200 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $121,702,738 |
| Total liabilities | $133,560,446 |
| Net assets without donor restrictions | $54,703,955 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $188,264,401 |