BANCROFT A NEW JERSEY NON PROFIT C… - 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

1928

Legal Domicile

Principal Officer

TONI PERGOLIN

Phone

8563481196

Tax Period

2024-07-01 to 2025-06-30

BANCROFT A NEW JERSEY NON PROFIT CORPORATION, founded in 1928, is a major nonprofit in the Human Services sector that reported $286.8M in total revenue in fiscal year 2024. Expenses of $271.1M left a modest 5% surplus.

Mission

BANCROFT PROFOUNDLY IMPACTS CHILDREN AND ADULTS LIVING WITH DISABILITIES BY DELIVERING HIGH-QUALITY SERVICES TO EMPOWER THEM TO REALIZE THEIR BEST LIFE. SEE SCHEDULE O.BANCROFT IS A LEADING REGIONAL NONPROFIT PROVIDER OF PROGRAMS AND SERVICES FOR INDIVIDUALS WITH A VARIETY OF CHALLENGING DIAGNOSES, INCLUDING AUTISM, OTHER INTELLECTUAL AND DEVELOPMENTAL DISABILITIES, BRAIN INJURY AND SEVERE BEHAVIOR DISORDERS. BANCROFT SETS THE STANDARD OF EXCELLENCE IN SERVICES FOR PEOPLE WITH DISABILITIES AND PROFESSIONALS IN THE FIELD THROUGH A CULTURE OF LEARNING, INNOVATIVE TREATMENT, AND TRANSFORMATIONAL RESEARCH, ALL LEADING TO OUTSTANDING OUTCOMES.

Program Service Accomplishments

Program 1

Expenses: $230,062,307 Revenue: $251,218,534

BANCROFT OWNS AND OPERATES 4 SCHOOLS, 3 RESIDENTIAL CAMPUSES, 3 BANCROFT NEUROREHAB OUTPATIENT CENTERS AND OVER 240 GROUP HOMES/SUPPORTED APARTMENTS IN NEW JERSEY, PENNSYLVANIA AND DELAWARE SERVING APPROXIMATELY 2,200 INDIVIDUALS ANNUALLY. INTEGRATED HEALTH & WELLNESS: BANCROFT HEALTHCARE SERVICES ARE PROVIDED ON-SITE AND IN-PROGRAM BY A SPECIALIZED TEAM OF LICENSED INDEPENDENT PRACTITIONERS. THE TEAM IS RESPONSIBLE FOR INTERLACING MEDICAL CARE AND COORDINATING APPOINTMENTS AND MEDICAL INFORMATION FOR THE BETTERMENT OF THOSE WE SERVE. ONSITE MEDICAL AND PSYCHIATRY CARE IS AVAILABLE IN MANY LOCATIONS.(SEE SCHEDULE O)APPLIED BEHAVIOR ANALYSIS CENTER OF EXCELLENCE (ABA): DEDICATED TO ACHIEVING EVIDENCE-BASED OUTCOMES, BANCROFT'S ABA CENTER OF EXCELLENCE IS A UNIQUE RESOURCE IN THE REGION PROVIDING A TRULY UNPARALLELED PATH TO QUALITY OF LIFE FOR CHILDREN, ADULTS AND THEIR FAMILIES WHILE ENSURING INTERNAL CLINICAL QUALITY. BANCROFT NEUROREHAB: WORKING WITH INDIVIDUALS WITH NEUROLOGICAL AND DEVELOPMENTAL CHALLENGES, WE OPTIMIZE FUNCTIONING ACROSS ENVIRONMENTS THROUGH EVIDENCE-BASED EDUCATIONAL, CONSULTATIVE, REHABILITATION THERAPIES AND ACCESSIBILITY SERVICES.

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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 $31,378,948

Program Service Revenue $251,218,534

Investment Income $4,203,145

Other Revenue $-35,243

TOTAL REVENUE $286,765,384

Expense Breakdown

Grants Paid $0

Salaries & Benefits $206,538,564

Fundraising Expenses $1,159,728

Program Expenses $230,062,307

Other Expenses $64,569,822

TOTAL EXPENSES $271,108,386

Year-over-Year Comparison

	2024	2023	Change
Revenue	$286,765,384	$266,495,785	+0.1%
Expenses	$271,108,386	$254,623,178	+0.1%
Net Income	$15,656,998	$11,872,607	+0.3%

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

4097

Volunteers

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

$1,432,332

Total Directors

$760,594

Key Employees

$349,497

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONI PERGOLIN	PRESIDENT AND CEO	44.00	Officer Director	$707,840	$52,204	$760,044
HEATHER STEINMILLER ESQ	CHAIRWOMAN	1.00	Officer Director	$0	$0	$0
JOHN C FLAMMA JR MD	FIRST VICE CHAIR - UNTIL 06/25	1.00	Officer Director	$0	$0	$0
LISA ALBERTS	TRUSTEE	1.00	Director	$550	$0	$550
ANN T ANTHONY	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH C ATKINSON	TRUSTEE	1.00	Director	$0	$0	$0
MARTIN A BIEBER	TRUSTEE	1.00	Director	$0	$0	$0
NATHAN JON BLUM MD	TRUSTEE	1.00	Director	$0	$0	$0
CALVIN L CASS	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL DEITCH ESQ	TRUSTEE (FROM 07/24)	1.00	Director	$0	$0	$0
DEREK S GREEN ESQ	TRUSTEE (FROM 07/24)	1.00	Director	$0	$0	$0
MARY GRIFFIN	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM HOOPER JR	TRUSTEE	1.00	Director	$0	$0	$0
LAURA R KUNTZ ESQ	TRUSTEE	1.00	Director	$0	$0	$0
KRISTE A LINDENMEYER PHD	TRUSTEE	1.00	Director	$0	$0	$0
BRAD MOLOTSKY ESQ	TRUSTEE	1.00	Director	$0	$0	$0
ODERAH NWAEZE ESQ	TRUSTEE	1.00	Director	$0	$0	$0
JASON WOLF	TRUSTEE	1.00	Director	$0	$0	$0
JAMES WELLONS	CLO/SECRETARY - UNTIL 08/24	43.00	Officer	$235,945	$14,597	$250,542
JENNIFER CRIPPS	TREASURER/CFO	43.00	Officer	$357,273	$11,585	$368,858
ANGELA ZOGRAFOS	GENERAL COUNSEL/SECRETARY(FROM 10/24)	40.00	Officer	$52,888	$0	$52,888
BRIAN HANCOCK	CHIEF PROGRAM OFFICER	40.00	Key Emp	$288,617	$60,880	$349,497
JAMES CARLINO	CHIEF HR OFFICER - UNTIL 2/25	40.00	Highest	$284,822	$40,852	$325,674
KAREN LINDGREN	CHIEF CLINICAL OFFICER	40.00	Highest	$257,295	$38,567	$295,862
SUSAN PIERGALLINI	CHIEF DEVELOPMENT OFFICER	40.00	Highest	$239,818	$18,355	$258,173
RACHEL BEDNARCZYK	CORPORATE CONTROLLER	40.00	Highest	$212,134	$6,840	$218,974
NICOLE KUMMER	SVP, ADULT RESIDENTIAL SERVICES	40.00	Highest	$203,400	$2,633	$206,033

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
2025	$286,765,384	$271,108,386	$245,127,955	$15,656,998
2024	No data	No data	No data	No data
2023	$236,893,485	$235,696,520	$244,498,342	$1,196,965
2022	$214,698,000	$210,120,337	$217,977,492	$4,577,663
2021	$198,836,170	$196,972,538	$223,401,338	$1,863,632
2021	$198,840,056	$196,972,538	$223,345,789	$1,867,518
2020	$181,896,191	$178,423,344	$186,624,260	$3,472,847
2019	$156,812,258	$157,844,408	$184,462,702	$-1,032,150
2019	$156,812,258	$157,844,408	$184,462,702	$-1,032,150
2018	$143,543,733	$142,679,257	$179,994,505	$864,476

BANCROFT A NEW JERSEY NON PROFIT CORPORATION