New Jersey Health Maintenance Organization Association Inc
- Assets
- $2.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Trenton, NJ
- Founding
- 09/1995
- Data as of
- 12/2022
- EIN
- 22-3306073
Organization Overview
New Jersey Health Maintenance Organization Association Inc, operating under the name Nj Association Of Health Plans, is located in Trenton, NJ. The organization was established in 1995. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2022, NJ Association Of Health Plans employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NJ Association Of Health Plans 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 12/2022, NJ Association Of Health Plans generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 0.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE NEW JERSEY ASSOCIATION OF HEALTH PLANS (NJAHP) IS A NON-PROFIT CORPORATION CREATED TO SERVE ITS MEMBER HEALTH PLANS WITH A MISSION OF FOSTERING UNDERSTANDING IN THE VALUE THAT HEALTH PLANS CONTRIBUTE TO NEW JERSEY'S HEALTH CARE SYSTEM. AMONG OTHER WAYS, NJAHP DOES THIS BY: -INFORMING THE PUBLIC ABOUT OUR PHILOSOPHY AND THE VALUE PROPOSITION OFFERED BY COMMERCIAL AND MEDICAID HEALTH PLANS. -EDUCATING POLICY MAKERS, REGULATORS, AND OPINION LEADERS ON THE IMPLICATIONS OF SPECIFIC POLICY PROPOSALS. -PROMOTING COLLABORATIVE EFFORTS AMONG HEALTH PLANS, PROVIDERS, PURCHASERS, BROKERS AND CONSUMERS TO EXPAND ACCESS TO HIGH-QUALITY, AFFORDABLE, AND ACCESSIBLE HEALTH CARE. -ACTING AS A RESOURCE FOR INTERESTED PARTIES ON NEW JERSEY'S HEALTH CARE SYSTEM. -PROMOTING OPPORTUNITIES AND FORUMS FOR HEALTH PLAN MEMBERS AND BUSINESS PARTNERS TO MEET, EXCHANGE IDEAS, AND DISCUSS CRITICAL ISSUES AFFECTING HEALTH CARE IN THE STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP FUNDS ARE UTILIZED TO COMMUNICATE THE NEEDS OF OUR CONSTITUENCY AMONGST SEVERAL OUTSIDE ORGANIZATIONS, INCLUDING AREAS OF GOVERNMENT, REGULATORY AGENCIES, AND OTHER INDUSTRY PARTNERS.
ADMINISTRATIVE AND OTHER VARIOUS OVERHEAD COSTS, AS OUTLINED IN PART IX OF 990.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mishael Azam Chair | Trustee | 2 | $0 |
Brendan Peppard Vice Chair | Trustee | 2 | $0 |
Maggie Moree Secretary | Trustee | 2 | $0 |
Jill Squiers Treasurer | Trustee | 2 | $0 |
Patrick Gillespie Medicaid Cha | Trustee | 2 | $0 |
John Fuller Legislative | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,039,500 |
| Investment income | $44,225 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,565 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,100,290 |
| 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. | $408,808 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $224,852 |
| Pension plan accruals and contributions | $34,745 |
| Other employee benefits | $63,508 |
| Payroll taxes | $56,345 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,248 |
| Fees for services: Accounting | $5,675 |
| Fees for services: Lobbying | $100,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $500 |
| Office expenses | $1,281 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,289 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,960 |
| All other expenses | $12,825 |
| Total functional expenses | $1,069,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,721 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,244,034 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,278,755 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,278,755 |
| 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 | $2,278,755 |