NORTHERN WESTCHESTER HOSPITAL CENT… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

MICHELE L CUSACK

Phone

9146661310

Tax Period

2024-01-01 to 2024-12-31

NORTHERN WESTCHESTER HOSPITAL CENTER FOUNDATION INC, founded in 2000, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $8.5M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.4M, a strong 75% operating margin.

Mission

THE FOUNDATION IS THE FUNDRAISING ARM OF NWH. THE FOUNDATION SUPPORTS NWH THROUGH ANNUAL FUNDRAISING PROGRAMS INCLUDING: SPECIAL EVENTS; DIRECT MAIL; PLANNED GIVING; MAJOR DONOR SOLICITATION; AND PRIVATE, CORPORATE AND GOVERNMENT GRANTS.

Program Service Accomplishments

Program 1

Expenses: $2,080,002 Revenue: $6,905,462

THE FOUNDATION'S PRIMARY EXEMPT PURPOSE IS TO SOLICIT CONTRIBUTIONS THROUGH FUNDRAISING EVENTS, DIRECT CONTRIBUTIONS & PLEDGES. FUNDS RAISED BY THE FOUNDATION HAVE MADE POSSIBLE THE NEW DAVID AND...

THE FOUNDATION'S PRIMARY EXEMPT PURPOSE IS TO SOLICIT CONTRIBUTIONS THROUGH FUNDRAISING EVENTS, DIRECT CONTRIBUTIONS & PLEDGES. FUNDS RAISED BY THE FOUNDATION HAVE MADE POSSIBLE THE NEW DAVID AND MARY BOIES EMERGENCY DEPARTMENT, THE NEW CANCER TREATMENT AND WELLNESS CENTER, THE NEW DA VINCI ROBOTIC SURGICAL SYSTEM, AN ENDOWMENT FOR THE CONTINUED EDUCATION AND TRAINING OF NURSES, PHYSICIANS AND OTHER HEALTH CARE PROFESSIONALS. THE FUNDS COLLECTED ARE DISTRIBUTED ACCORDING TO THE DONORS' INTENTIONS, TO NWH TO ASSIST WITH THE VARIOUS ONGOING RESEARCH PROJECTS, COMMUNITY OUTREACH PROGRAMS AND OTHER CHARITABLE ENDEAVORS AS ESTABLISHED BY ITS BOARD OF DIRECTORS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,905,462

Program Service Revenue $0

Investment Income $2,306,117

Other Revenue $-687,578

TOTAL REVENUE $8,524,001

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,181,448

Fundraising Expenses $0

Program Expenses $2,080,002

Other Expenses $967,551

TOTAL EXPENSES $2,148,999

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,524,001	$5,988,505	+0.4%
Expenses	$2,148,999	$2,503,716	-0.1%
Net Income	$6,375,002	$3,484,789	+0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$6,277,909

Key Employees

$282,386

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN BEINER	Trustee/EVP Northwell	0.0	Director	$0	$54,164	$1,631,339
CARL REIMERS	Trustee/DIR Northwell	0.0	Director	$0	$69,777	$1,079,506
KENNETH GOLDSTEIN	Trustee/MD Northwell	0.0	Director	$0	$38,550	$1,041,557
DEREK ANDERSON	Trustee/ED Northwell	0.0	Director	$0	$82,760	$781,479
SHERRI SANDEL	Trustee/MD Northwell	0.0	Director	$0	$85,322	$664,514
RANJANA CHATERJI	Trustee/MD Northwell	0.0	Director	$0	$85,322	$617,665
KEEVA YOUNG-WRIGHT	Trustee/VP Northwell	0.0	Director	$0	$85,322	$461,849
GABRIELLE GREENWALD	VP, Foundation	50.0	Key Emp	$215,202	$67,184	$282,386
WHITNEY WASSERMAN	Senior Major Gifts Officer	50.0	Highest	$172,706	$47,484	$220,190
ANNETTE SERRANO	Senior Manager, Foundation Ope	50.0	Highest	$123,795	$30,519	$154,314
ANGELA KESSEL	Co-Chair	0.0	Officer Director	$0	$0	$0
WARREN BROMBERG MD	Co-Chair	0.0	Officer Director	$0	$0	$0
SANDRA CORDIANO	Co-Chair	0.0	Officer Director	$0	$0	$0
ANN KENYON	Co-Chair	0.0	Officer Director	$0	$0	$0
MICHAEL KAHN	Vice Chair	0.0	Officer Director	$0	$0	$0
REKA OSBORNE	Vice Chair	0.0	Officer Director	$0	$0	$0
NON COMPENSATED TRUSTEES	Vice Chairman	0.0	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$8,524,001	$2,148,999	$75,675,215	$6,375,002
2023	$5,988,505	$2,503,716	$75,754,902	$3,484,789
2022	$10,319,003	$2,522,370	$67,286,840	$7,796,633
2021	$15,274,178	$1,473,105	$63,157,118	$13,801,073
2020	$11,431,378	$1,735,862	$63,210,474	$9,695,516
2019	$12,289,658	$1,469,008	$48,310,021	$10,820,650
2018	$5,311,737	$1,438,747	$35,922,842	$3,872,990

NORTHERN WESTCHESTER HOSPITAL CENTER FOUNDATION INC