NORTHERN WESTCHESTER HOSPITAL CENTER FOUNDATION INC

EIN: 134067064 501(c)(3) Philanthropy & Grantmaking

WESTBURY, NY

Total Revenue
$8,524,001
Total Expenses
$2,148,999
Total Assets
$75,675,215
Net Assets
$75,430,759
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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
NY
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 THE NORTHERN WESTCHESTER HOSPITAL ASSOCIATION (NWH). THE FOUNDATION SUPPORTS NWH THROUGH ANNUAL FUNDRAISING PROGRAMS.

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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%)

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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

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Governance

Voting Members
37
Independent Members
31
Employees
9
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
6
$0
Total Directors
14
$6,277,909
Key Employees
1
$282,386
Highest Compensated
2
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
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