Bridgeway Behavioral Health Services

EIN: 222257891 501(c)(3) Mental Health

Union, NJ

Total Revenue
$40,842,015
Total Expenses
$40,064,827
Total Assets
$28,640,194
Net Assets
$17,833,844
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
NY
Principal Officer
BIREN PARIKH
Phone
9083557886
Tax Period
2024-07-01 to 2025-06-30

Bridgeway Behavioral Health Services, founded in 1972, is a mid-sized nonprofit in the Mental Health sector that reported $40.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

A comprehensive behavioral health agency serving adults in New Jersey.

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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 $15,335,387
Program Service Revenue $25,130,575
Investment Income $322,306
Other Revenue $53,747
TOTAL REVENUE $40,842,015

Expense Breakdown

Grants Paid $567,991
Salaries & Benefits $29,683,861
Fundraising Expenses $23,851
Program Expenses $34,569,007
Other Expenses $9,812,975
TOTAL EXPENSES $40,064,827

Year-over-Year Comparison

2024 2023 Change
Revenue $40,842,015 $37,531,377 +0.1%
Expenses $40,064,827 $37,367,477 +0.1%
Net Income $777,188 $163,900 +3.7%
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
15
Independent Members
13
Employees
492
Volunteers
14

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
$495,896
Total Directors
15
$291,747
Key Employees
2
$621,678
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bohdan Czartorysky-Sydor Medical Director 38.0
Key Emp
$323,916 $62,651 $386,567
Cory Storch President/CEO 38.0
Officer Director
$244,704 $47,043 $291,747
Charles Garfinkle Exec VP/Chief PGM Officer 38.0
Key Emp
$197,193 $37,918 $235,111
Biren H Parikh CFO 38.0
Officer
$171,002 $33,147 $204,149
Yong-Suk Zarski Advanced Practice Nurse 38.0
Highest
$163,278 $31,718 $194,996
Isaac K Oke Advanced Practice Nurse 38.0
Highest
$156,833 $28,356 $185,189
Oyenike Emiola Advanced Practice Nurse 38.0
Highest
$153,671 $29,810 $183,481
Ademola Adesola Ogunruku Advanced Practice Nurse 38.0
Highest
$149,769 $29,252 $179,021
Nancy Schneeloch Vice President 38.0
Highest
$150,179 $28,067 $178,246
Marlene G Baldinger Board Chair 2.0
Officer Director
$0 $0 $0
Guy E Patterson Vice Chair 2.0
Officer Director
$0 $0 $0
James O'Connor Secretary 2.0
Officer Director
$0 $0 $0
Josue Philistin Treasurer 2.0
Officer Director
$0 $0 $0
Lou Amato Board Member 2.0
Director
$0 $0 $0
Carol Ash Board Member 2.0
Director
$0 $0 $0
Joe Young Board Member 2.0
Director
$0 $0 $0
Marcie Courtney Board Member 2.0
Director
$0 $0 $0
Michael D'Agnes Trustee 2.0
Director
$0 $0 $0
Robert Spitzer Trustee 2.0
Director
$0 $0 $0
Michele Mastrofilippo Trustee 2.0
Director
$0 $0 $0
Sander Koyfman Trustee 2.0
Director
$0 $0 $0
Mark T Williams Trustee 2.0
Director
$0 $0 $0
Tine Hansen-Turton Trustee 2.0
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
2025 $40,842,015 $40,064,827 $28,640,194 $777,188
2024 No data No data No data No data
2023 $34,193,317 $34,551,198 $22,024,101 $-357,881
2022 $32,395,433 $32,463,313 $20,852,179 $-67,880
2021 $33,411,496 $31,770,567 $20,944,720 $1,640,929
2020 $31,098,884 $31,043,117 $19,105,868 $55,767
2019 $28,507,062 $27,846,330 $15,329,343 $660,732
2018 $30,540,737 $27,440,327 $15,088,593 $3,100,410
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