FY2026 Annual Report

Fiscal Management and Oversight Annual Report FY2026 39 O ver the past 30 years, the staff and members of NJAMHAA have worked tirelessly to make the association what it is today. These efforts have resulted in increased excess revenues, financial stability, investment in programs and expansion of staff and membership. The association continues to invest in media and advocacy campaigns, communications and training to strengthen its membership base as it contends with an ever challenging legislative and regulatory environment, increased competition, continued member consolidations and staff transitions. As the recognized leader in advocacy and achievement for the community mental healthcare, substance use disorder (SUD) and intellectual/developmental disabilities (I/DD) system in New Jersey, NJAMHAA continues to remain vital and sustain its revenue sources, making it strongly positioned for the future. At the end of Fiscal Year (FY) 2025, NJAMHAA’s net assets totaled $2,506,050. This represents a 10.9 percent increase over the prior year, and a 2,407 percent increase over 1995, at which time NJAMHAA’s net assets equaled $104,108. NJAMHAA closed FY2025 with a robust net revenue figure of $246,837. Overall membership dues (including that of its provider base as well as its Integrated Healthcare, Life Sciences and Innovation, Education and Technology Councils) increased to $707,837, which continues to reflect NJAMHAA’s value in the mental health and substance use community. Conference participation remained strong with revenues of $318,501, an increase of 9 percent over the prior year’s figure of $291,397. Additionally, revenue from approved vendors and other business partners of NJAMHAA contributed to strengthening its overall fund balance. NJAMHAA’s IT Project, which started more than 40 years ago in 1984 as the Management Information Systems Project, was later renamed the IT Project in 2003. The initial project aimed to help nonprofit behavioral healthcare providers in New Jersey adapt to the new technology of desktop computers. This joint public/private venture of NJAMHAA and the New Jersey Division of Mental Health and Addiction Services (DMHAS) strives to increase efficiency, enhance revenue, reduce costs and, in general, support the providers who provide high-quality treatment to consumers of behavioral healthcare services through effective use of health information technologies. In addition to the $569,185 funded by DMHAS, the project generates IT support contract revenue through its help desk and remote and on-site technical assistance with revenue for the year totaling $233,087, a 9.93 percent increase over the prior year. In FY2025, DMHAS increased its award to NJAMHAA for the activity costs of the New Jersey Governor’s Council on Mental Health Stigma to $150,000, as well as $7,000 for the annual conference hosted by NJAMHAA and its Integrated Case Management Services Practice Group, bringing the total DMHAS funding to $726,185. The New Jersey Mental Health Institute’s (NJMHI’s) net asset balance at the end of FY2025 increased to $59,013, up from $42,076 one year ago, largely due to revenue from the Leadership Academy for Behavioral Healthcare Professionals, a program started in 2022 to help emerging leaders in the mental health, SUD and I/DD fields build management skills that will enable them to succeed in future leadership positions. Together, NJAMHAA and NJMHI provide insights and recommendations for strengthening the behavioral healthcare system, which in turn strengthens the community in order to ensure timely access to the most appropriate, highest quality treatment and support services for all New Jersey residents. The continued financial growth of NJAMHAA and NJMHI enables this mission to be effectively carried out. Combined NJAMHAA/NJMHI Net Assets 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 Net Assets Fiscal Year 1995 2000 2005 2010 2015 2020 2025