BERGEN VOLUNTEER MEDICAL INITIATIVE INC (EIN 202633437) - Form 990 Financial Analysis & Trantor Score

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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

2005

Legal Domicile

Principal Officer

AMIT U LIMAYE

Phone

2013422478

Tax Period

2024-01-01 to 2024-12-31

BERGEN VOLUNTEER MEDICAL INITIATIVE INC, founded in 2005, is a community nonprofit in the Health Care sector that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $886K, a strong 22% operating margin.

Mission

BERGEN VOLUNTEER MEDICAL INITIATIVE PROVIDES FREE PRIMARY, PREVENTIVE, CHRONIC AND URGENT CARE, AS WELL AS REFERRALS FOR DIAGNOSTICS AND OUTSIDE SPECIALIST CARE TO LOW-INCOME, WORKING, BERGEN COUNTY RESIDENTS WHO HAVE NO HEALTH INSURANCE. BVMI ALSO PROVIDES FREE MENTAL HEALTH AND CASE MANAGEMENT SERVICES TO PATIENTS.

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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 $4,064,800

Program Service Revenue $0

Investment Income $53,459

Other Revenue $-17,021

TOTAL REVENUE $4,101,238

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,280,215

Fundraising Expenses $480,892

Program Expenses $2,458,187

Other Expenses $832,089

TOTAL EXPENSES $3,215,204

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,101,238	$2,605,096	+0.6%
Expenses	$3,215,204	$3,004,810	+0.1%
Net Income	$886,034	$-399,714	-3.2%

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

200

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

$150,603

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMIT U LIMAYE PHD	CHAIR	8.00	Officer Director	$0	$0	$0
MICHAEL G FAUST MD	CHAIR THRU 05/2024	8.00	Officer Director	$0	$0	$0
VALERIE MAURIELLO	1ST VICE CHAIR	4.00	Officer Director	$0	$0	$0
JORDAN GOLDSMITH ESQ	2ND VICE CHAIR	4.00	Officer Director	$0	$0	$0
EDWARD GOLLHOFER	TREASURER	6.00	Officer Director	$0	$0	$0
KARINA MALYSHEVA	SECRETARY	3.00	Officer Director	$0	$0	$0
KRISTEN SILBERSTEIN	SECRETARY THRU 05/2024	4.00	Officer Director	$0	$0	$0
JILL ALTANA	TRUSTEE THRU 05/2024	6.00	Director	$0	$0	$0
STEFAN M CANIZARES ESQ	TRUSTEE	2.00	Director	$0	$0	$0
MEDHA HAVNURKAR	TRUSTEE	3.00	Director	$0	$0	$0
TERRY HENSLE MD	TRUSTEE THRU 01/2024	2.00	Director	$0	$0	$0
CYNTHIA JOHNSON-BARBATO	TRUSTEE THRU 01/2024	3.00	Director	$0	$0	$0
JULIE KARCHER	TRUSTEE AS OF 06/2024	2.00	Director	$0	$0	$0
BRENDA LAPADAT	TRUSTEE AS OF 06/2024	2.00	Director	$0	$0	$0
JAIDEEP MULCHANDANI	TRUSTEE AS OF 06/2024	2.00	Director	$0	$0	$0
KEITH MURILLO-STASIAK	TRUSTEE	2.00	Director	$0	$0	$0
ANTONIA FRANCIS OLADIPO MD	TRUSTEE	2.00	Director	$0	$0	$0
LAUREN MENKES SAVAGE	TRUSTEE THRU 05/2024	3.00	Director	$0	$0	$0
DIVYA PALIWAL MD	TRUSTEE THRU 05/2024	2.00	Director	$0	$0	$0
ANITA RAMSETTTY MD	TRUSTEE AS OF 06/2024	2.00	Director	$0	$0	$0
CESAR ROMERO	TRUSTEE	4.00	Director	$0	$0	$0
MICHAEL RUIZ DE SOMOCURCIO	TRUSTEE	3.00	Director	$0	$0	$0
MARK D SPARTA	TRUSTEE	3.00	Director	$0	$0	$0
LISEETS TAVERAS	TRUSTEE AS OF 06/2024	2.00	Director	$0	$0	$0
JANE TUOHY	TRUSTEE AS OF 06/2024	2.00	Director	$0	$0	$0
GIAN VARBARO MD	TRUSTEE	3.00	Director	$0	$0	$0
AMANDA MISSEY	PRESIDENT/CEO	40.00	Officer	$147,403	$3,200	$150,603
MICHELLE KAYE	NURSE MANAGER	40.00	Highest	$111,030	$0	$111,030
JASNEET KAUR MD	ASSOCIATE MEDICAL DIRECTOR	24.00	Highest	$104,002	$0	$104,002
ERICA WEST	MAJOR GIFTS MANAGER	32.00	Highest	$108,020	$960	$108,980

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	$4,101,238	$3,215,204	$5,345,010	$886,034
2023	$2,605,096	$3,004,810	$4,524,091	$-399,714
2022	$3,214,325	$2,734,566	$5,047,669	$479,759
2021	$3,310,058	$2,294,723	$2,672,919	$1,015,335
2020	$2,286,738	$2,304,395	$1,851,789	$-17,657
2019	$1,654,596	$1,714,209	$1,646,500	$-59,613
2018	$1,798,877	$1,509,797	$1,699,241	$289,080

BERGEN VOLUNTEER MEDICAL INITIATIVE INC