Morristown, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEWTON MEDICAL CENTER FOUNDATION, founded in 1985, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.3M, a strong 61% operating margin.
The Newton Medical Center Foundation, the philanthropic arm of Newton Medical Center exists to philanthropically serve the present and future health and wellness needs of our community and beyond, as defined by Newton Medical Center.
Newton Medical Center Foundation transfers funds to Newton Medical Center (the "Hospital") to support the hospital and the community it serves. Transfers include payments on various capital campaigns...
Newton Medical Center Foundation transfers funds to Newton Medical Center (the "Hospital") to support the hospital and the community it serves. Transfers include payments on various capital campaigns supporting capital projects of the hospital as well as donations made for a specific purpose benefiting various areas of the hospital.
The Foundation purchases AEDs (Automated External Defribrillators) and charges nonprofit community organizations 50% of the cost. The Foundation then assumes the balance of the purchase price as a...
The Foundation purchases AEDs (Automated External Defribrillators) and charges nonprofit community organizations 50% of the cost. The Foundation then assumes the balance of the purchase price as a donation to the community.
Board approved funding that the Foundation awarded to Newton Medical Center for an Oncology Nurse Navigator to help assist the patient, their family, and/or caregivers across the continuum, to...
Board approved funding that the Foundation awarded to Newton Medical Center for an Oncology Nurse Navigator to help assist the patient, their family, and/or caregivers across the continuum, to overcome any health barriers, providing a comprehensive assessment and facilitate timely referrals for appointments to the multidisciplinary oncology team
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,189,475 | $1,881,724 | +0.2% |
| Expenses | $861,143 | $828,257 | +0.0% |
| Net Income | $1,328,332 | $1,053,467 | +0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Mark Avondoglio | CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Robert Adams | Trustee-President, Western | 2.00 |
Officer
Director
|
$0 | $146,989 | $1,235,422 |
| Megan Sandow | Trustee-Chief Dev Officer | 2.00 |
Officer
Director
|
$0 | $30,355 | $334,961 |
| Salvatore Dispenziere III | Treasurer | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Buffie Dobbs | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Colleen Apter | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Larry Condit | Asst. Treasurer | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| E Jane Brown | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| George W Morville Jr | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Greg Nolan | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Jason Apter | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Jeffrey J Quinn | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Jo-Ellen McCracken Hazen | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Karl Wagner | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Kim Ferruggia | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Kurt Walton | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Thomas N Ryan Esq | Vice Chairman | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Mark Cummins | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Mary Waller | Trustee - Aux. Rep | 2.00 |
Director
|
$0 | $0 | $0 |
| Matthew Hannum | Trustee-Secretary | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Michael E Holenstein | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Michael Lanza Esq | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Richard Bourque | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Robert Masci MD FACC | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Donald Costlow DVM | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Suvid Chaudhari DO | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Daniel Leary | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| David P Romano | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Michael Walter | SVP-Chief Financial Officer | 2.00 |
Officer
|
$0 | $137,577 | $1,108,761 |
| Kevin Lenahan | EVP-Chief Business & Strategy Officer | 2.00 |
Officer
|
$0 | $406,954 | $7,161,469 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $2,189,475 | $861,143 | $36,032,935 | $1,328,332 |
| 2022 | $1,881,724 | $828,257 | $30,900,027 | $1,053,467 |
| 2021 | $2,802,992 | $1,569,896 | $35,556,220 | $1,233,096 |
| 2020 | $1,599,297 | $863,557 | $30,491,515 | $735,740 |
| 2019 | $2,223,118 | $1,859,099 | $28,030,700 | $364,019 |
| 2018 | $1,653,802 | $1,150,978 | $23,599,860 | $502,824 |
Compare NEWTON MEDICAL CENTER FOUNDATION with other nonprofits in New Jersey and across the country.