New Jersey Society Of Health System Pharmacists Inc
New Jersey Society Of Health System Pharmacists: Financial Stability Amidst Fluctuating Revenue
EIN: 222419542 · Trenton, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $476K |
| Total Expenses | $407K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0, |
| Net Assets | $649K |
| Transparency Score | 75/100 |
Is New Jersey Society Of Health System Pharmacists Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Jersey Society Of Health System Pharmacists Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About New Jersey Society Of Health System Pharmacists Inc
New Jersey Society Of Health System Pharmacists Inc (EIN: 222419542) is a nonprofit organization based in Trenton, NJ. The organization reported total revenue of $476K and total assets of $870K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey Society Of Health System Pharmacists Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Jersey Society Of Health System Pharmacists Inc is a small nonprofit that has been operating for 42 years, with 12 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $387K |
| Total Expenses | $407K |
| Surplus / Deficit | $-20,064 |
| Total Assets | $772K |
| Total Liabilities | $124K |
| Net Assets | $649K |
| Operating Margin | -5.2% |
| Debt-to-Asset Ratio | 16.0% |
| Months of Reserves | 22.8 months |
Financial Health Grade: B
In 2024, New Jersey Society Of Health System Pharmacists Inc reported a deficit of $20K with expenses exceeding revenue, holds 22.8 months of operating reserves (strong position), has a debt-to-asset ratio of 16.0% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2024), New Jersey Society Of Health System Pharmacists Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +16.7% | +1.1% | +2.6% |
| 2023 | -14.3% | +17.9% | -10.2% |
| 2022 | +249.9% | +62.8% | +8.7% |
| 2020 | -74.4% | -25.0% | -9.6% |
| 2019 | +11.0% | +1.0% | +17.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Jersey Society Of Health System Pharmacists Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, New Jersey Society Of Health System Pharmacists Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $20K, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0, suggesting that the organization relies on volunteer leadership or compensates its executives below the IRS reporting threshold for Form 990, Part VII.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of New Jersey Society Of Health System Pharmacists Inc's IRS 990 filings:
- Consistent operational deficits where expenses exceed revenue in multiple years (e.g., 2024, 2023, 2020) could indicate long-term financial unsustainability if not addressed.
- The significant drop in revenue in 2020 to $110,553, compared to prior and subsequent years, warrants further investigation into its cause and recovery strategy.
Strengths
The following positive indicators were identified for New Jersey Society Of Health System Pharmacists Inc:
- The organization has demonstrated strong asset growth, increasing from $600,006 in 2017 to $870,072 in 2024, indicating financial resilience.
- Despite revenue fluctuations, the organization has maintained a healthy level of liabilities relative to assets, with liabilities at $123,699 in 2024 against $870,072 in assets.
- The consistent reporting of $0 for executive compensation suggests a lean operational model, potentially maximizing funds for programmatic activities.
Frequently Asked Questions about New Jersey Society Of Health System Pharmacists Inc
Is New Jersey Society Of Health System Pharmacists Inc a legitimate charity?
New Jersey Society Of Health System Pharmacists Inc (EIN: 222419542) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $476K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does New Jersey Society Of Health System Pharmacists Inc spend its money?
New Jersey Society Of Health System Pharmacists Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to New Jersey Society Of Health System Pharmacists Inc tax-deductible?
New Jersey Society Of Health System Pharmacists Inc is registered as a tax-exempt nonprofit (EIN: 222419542). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Jersey Society Of Health System Pharmacists Inc CEO make?
New Jersey Society Of Health System Pharmacists Inc's highest-compensated officer earns $0, annually. The organization reported $476K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New Jersey Society Of Health System Pharmacists Inc's spending goes to programs?
New Jersey Society Of Health System Pharmacists Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is New Jersey Society Of Health System Pharmacists Inc located?
New Jersey Society Of Health System Pharmacists Inc is headquartered in Trenton, New Jersey and files with the IRS under EIN 222419542.
How many years of IRS 990 filings does New Jersey Society Of Health System Pharmacists Inc have?
New Jersey Society Of Health System Pharmacists Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $476K in total revenue.
What does New Jersey Society Of Health System Pharmacists Inc do?
New Jersey Society Of Health System Pharmacists Inc is a nonprofit organization in the Unknown sector, located in Trenton, New Jersey. It is classified under NTEE code Unknown.
How much revenue does New Jersey Society Of Health System Pharmacists Inc have?
New Jersey Society Of Health System Pharmacists Inc reported total revenue of $475,874. Based on 12 IRS 990 filings on record.
What are New Jersey Society Of Health System Pharmacists Inc's total assets?
New Jersey Society Of Health System Pharmacists Inc holds total assets of $870,072 as reported in IRS 990 filings.
Where is New Jersey Society Of Health System Pharmacists Inc located?
New Jersey Society Of Health System Pharmacists Inc is based in Trenton, New Jersey.
What is New Jersey Society Of Health System Pharmacists Inc's EIN?
New Jersey Society Of Health System Pharmacists Inc's Employer Identification Number (EIN) is 222419542. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Jersey Society Of Health System Pharmacists Inc?
New Jersey Society Of Health System Pharmacists Inc is classified under NTEE code Unknown (Unknown).
Is New Jersey Society Of Health System Pharmacists Inc a registered 501(c)(3)?
New Jersey Society Of Health System Pharmacists Inc appears in IRS records (EIN: 222419542). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New Jersey Society Of Health System Pharmacists Inc file IRS Form 990?
Yes, New Jersey Society Of Health System Pharmacists Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202405.
What was New Jersey Society Of Health System Pharmacists Inc's revenue in 2024?
In the 202405 filing period, New Jersey Society Of Health System Pharmacists Inc reported total revenue of $387,116, total expenses of $407,180, and net assets of $772,407.
Is New Jersey Society Of Health System Pharmacists Inc's revenue growing or declining?
New Jersey Society Of Health System Pharmacists Inc's revenue is growing. Revenue went from $331,648 (202305) to $387,116 (202405), a +16.7% change. Based on 12 filings on record.
What is New Jersey Society Of Health System Pharmacists Inc's most recent 990 filing?
The most recent IRS Form 990 filing for New Jersey Society Of Health System Pharmacists Inc covers tax period 202405. It shows revenue of $387,116, expenses of $407,180, total assets of $772,407, and liabilities of $123,699.
How much does New Jersey Society Of Health System Pharmacists Inc spend on programs vs administration?
Based on IRS 990 analysis, New Jersey Society Of Health System Pharmacists Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is New Jersey Society Of Health System Pharmacists Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, New Jersey Society Of Health System Pharmacists Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for New Jersey Society Of Health System Pharmacists Inc?
The following concerns were identified: Consistent operational deficits where expenses exceed revenue in multiple years (e.g., 2024, 2023, 2020) could indicate long-term financial unsustainability if not addressed.. The significant drop in revenue in 2020 to $110,553, compared to prior and subsequent years, warrants further investigation into its cause and recovery strategy.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Jersey Society Of Health System Pharmacists Inc's strengths?
Positive indicators for New Jersey Society Of Health System Pharmacists Inc include: The organization has demonstrated strong asset growth, increasing from $600,006 in 2017 to $870,072 in 2024, indicating financial resilience.. Despite revenue fluctuations, the organization has maintained a healthy level of liabilities relative to assets, with liabilities at $123,699 in 2024 against $870,072 in assets.. The consistent reporting of $0 for executive compensation suggests a lean operational model, potentially maximizing funds for programmatic activities.. These findings are derived from AI analysis of the organization's financial filings.
How does New Jersey Society Of Health System Pharmacists Inc compensate executives?
Executive compensation is consistently reported as $0, suggesting that the organization relies on volunteer leadership or compensates its executives below the IRS reporting threshold for Form 990, Part VII. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for executive compensation, how does the organization ensure effective leadership and governance, and what are the potential risks associated with this compensation structure?
The $0 executive compensation suggests a volunteer-led model, which can foster dedication but may pose risks in terms of professional continuity, time commitment, and the ability to attract specialized talent for complex organizational needs. Effective governance would rely heavily on robust board oversight and clear succession planning.
What strategies has the New Jersey Society Of Health System Pharmacists Inc implemented to manage and mitigate the impact of recurring operational deficits, particularly in years like 2023 and 2024 where expenses significantly outpaced revenue?
While the data shows operational deficits, the growth in assets suggests that the organization might be drawing from reserves, receiving non-operating income (e.g., investments, grants not classified as revenue), or managing its balance sheet effectively to offset these shortfalls. Further investigation into their investment income or specific grant funding would be necessary.
Filing History
IRS 990 filing history for New Jersey Society Of Health System Pharmacists Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2024), New Jersey Society Of Health System Pharmacists Inc's revenue has grown by 69.1%, moving from $229K to $387K. Total assets increased by 87.4% over the same period, from $412K to $772K. Total functional expenses rose by 69.8%, from $240K to $407K. In its most recent filing year (2024), New Jersey Society Of Health System Pharmacists Inc reported a deficit of $20K, with expenses exceeding revenue. The organization holds $124K in liabilities against $772K in assets (debt-to-asset ratio: 16.0%), resulting in net assets of $649K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $387K | $407K | $772K | $124K | — | — |
| 2023 | $332K | $403K | $753K | $84K | — | View 990 |
| 2022 | $387K | $342K | $839K | $99K | — | View 990 |
| 2020 | $111K | $210K | $772K | $62K | — | View 990 |
| 2019 | $432K | $280K | $853K | $44K | — | View 990 |
| 2018 | $389K | $277K | $724K | $67K | — | View 990 |
| 2017 | $294K | $319K | $600K | $55K | — | View 990 |
| 2016 | $347K | $339K | $589K | $19K | — | View 990 |
| 2015 | $316K | $233K | $666K | $0 | — | View 990 |
| 2014 | $301K | $267K | $583K | $0 | — | View 990 |
| 2013 | $271K | $265K | $549K | $0 | — | View 990 |
| 2012 | $229K | $240K | $412K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $387K, expenses of $407K, and assets of $772K (revenue +16.7% year-over-year).
- 2023: Revenue of $332K, expenses of $403K, and assets of $753K (revenue -14.3% year-over-year).
- 2022: Revenue of $387K, expenses of $342K, and assets of $839K (revenue +249.9% year-over-year).
- 2020: Revenue of $111K, expenses of $210K, and assets of $772K (revenue -74.4% year-over-year).
- 2019: Revenue of $432K, expenses of $280K, and assets of $853K (revenue +11.0% year-over-year).
- 2018: Revenue of $389K, expenses of $277K, and assets of $724K (revenue +32.0% year-over-year).
- 2017: Revenue of $294K, expenses of $319K, and assets of $600K (revenue -15.2% year-over-year).
- 2016: Revenue of $347K, expenses of $339K, and assets of $589K (revenue +9.8% year-over-year).
- 2015: Revenue of $316K, expenses of $233K, and assets of $666K (revenue +5.1% year-over-year).
- 2014: Revenue of $301K, expenses of $267K, and assets of $583K (revenue +11.1% year-over-year).
- 2013: Revenue of $271K, expenses of $265K, and assets of $549K (revenue +18.4% year-over-year).
- 2012: Revenue of $229K, expenses of $240K, and assets of $412K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Jersey Society Of Health System Pharmacists Inc:
Data Sources and Methodology
This transparency report for New Jersey Society Of Health System Pharmacists Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.