THE RWJ UNIVERSITY HOSPITAL FOUNDATION INC

EIN: 222378007 501(c)(3) Health Care

OCEANPORT, NJ

Total Revenue
$10,634,219
Total Expenses
$25,024,640
Total Assets
$26,208,305
Net Assets
$24,269,000
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
NJ
Principal Officer
JENNY MUNDELL
Phone
9733224032
Tax Period
2023-01-01 to 2023-12-31

THE RWJ UNIVERSITY HOSPITAL FOUNDATION INC, founded in 1981, is a mid-sized nonprofit in the Health Care sector that reported $10.6M in total revenue in fiscal year 2023. Expenses of $25.0M exceeded revenue, resulting in a 135% operating deficit.

Mission

TO SUPPORT THE CHARITABLE TAX-EXEMPT PURPOSES, PROGRAMS AND SERVICES OF ROBERT WOOD JOHNSON UNIVERSITY HOSPITAL; A RELATED IRC SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,480,613
Program Service Revenue $1,930,495
Investment Income $4,219,501
Other Revenue $3,610
TOTAL REVENUE $10,634,219

Expense Breakdown

Grants Paid $22,692,158
Salaries & Benefits $0
Fundraising Expenses $1,649,907
Program Expenses $22,692,158
Other Expenses $1,837,276
TOTAL EXPENSES $25,024,640

Year-over-Year Comparison

2023 2022 Change
Revenue $10,634,219 $10,396,357 +0.0%
Expenses $25,024,640 $11,211,435 +1.2%
Net Income $-14,390,421 $-815,078 +16.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
14
Employees
N/A
Volunteers
4

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
$271,732
Total Directors
20
$4,704,534
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM S ARNOLD TRUSTEE - CEO RWJUHNB 55.0
Director
$0 $569,865 $2,967,031
ALAN LEE TRUSTEE - PRESIDENT RWJUHNB 55.0
Director
$0 $271,685 $1,465,771
JENNY MUNDELL TRUSTEE - VP DEVELOPMENT 55.0
Officer Director
$0 $16,289 $271,732
DINA KARMAZIN ELKINS CHAIR - TRUSTEE 1.0
Officer Director
$0 $0 $0
BRETT E TANZMAN VICE CHAIR - TRUSTEE 1.0
Officer Director
$0 $0 $0
EDWARD GUTTENPLAN SECRETARY - TRUSTEE 1.0
Officer Director
$0 $0 $0
GILBERT BLITZ TREASURER - TRUSTEE 1.0
Officer Director
$0 $0 $0
JOSEPH ANASTASIO TRUSTEE 1.0
Director
$0 $0 $0
RALPH ANDERSON TRUSTEE 1.0
Director
$0 $0 $0
ANKIT GUPTA TRUSTEE 1.0
Director
$0 $0 $0
LEONARD Y LEE MD TRUSTEE 1.0
Director
$0 $0 $0
GLENN MEKLES TRUSTEE 1.0
Director
$0 $0 $0
JACK MORRIS TRUSTEE; EX-OFFICIO 1.0
Director
$0 $0 $0
AMY MURTHA MD TRUSTEE; EX-OFFICIO 1.0
Director
$0 $0 $0
DOMENICK SALVEMINI TRUSTEE 1.0
Director
$0 $0 $0
AMY SCHAFER TRUSTEE 1.0
Director
$0 $0 $0
ELIZA STASI TRUSTEE; EX-OFFICIO 1.0
Director
$0 $0 $0
LINDA MARMORA TRUSTEE; EX-OFFICIO(TERM 2/23) 1.0
Director
$0 $0 $0
RITESH MEHRA TRUSTEE (TERM 6/23) 1.0
Director
$0 $0 $0
GERALD M OSTROV TRUSTEE (TERM 8/23) 1.0
Director
$0 $0 $0
GLENN MILLER RWJBH CHIEF DEV. OFFICER 0.0
Officer
$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 No data No data No data No data
2023 $10,634,219 $25,024,640 $26,208,305 $-14,390,421
2022 $10,396,357 $11,211,435 $38,339,054 $-815,078
2021 $8,736,586 $10,535,859 $46,137,023 $-1,799,273
2020 $8,131,791 $14,825,239 $46,565,413 $-6,693,448
2019 $5,846,778 $12,439,076 $47,903,368 $-6,592,298
2018 $8,732,305 $9,963,388 $50,158,870 $-1,231,083
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