THE BERGEN NEW BRIDGE MEDICAL CENTER FOUNDATION A NJ NONPROFIT CORP

EIN: 223135663 501(c)(3) Health Care

PARAMUS, NJ

Total Revenue
$425,733
Total Expenses
$67,017
Total Assets
$1,411,246
Net Assets
$1,185,678
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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
1992
Legal Domicile
NJ
Phone
2019674361
Tax Period
2024-01-01 to 2024-12-31

THE BERGEN NEW BRIDGE MEDICAL CENTER FOUNDATION A NJ NONPROFIT CORP, founded in 1992, is a small nonprofit in the Health Care sector that reported $426K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $359K, a strong 84% operating margin.

Mission

PROVIDE ANCILLIARY SUPPORT AND SERVICES TO THE PATIENTS OF BERGEN NEW BRIDGE MEDICAL CENTER, FORMERLY KNOWN AS BERGEN REGIONAL MEDICAL CENTER.

Program Service Accomplishments

Program 1
Expenses: $29,115

SUPPORT MENTAL AND PHYSCAL HEALTH PROGRAMS, EDUCATIONAL, AND PREVENTATIVE MEDICINE AND SOCIAL SERVICES THROUGHOUT THE COMMUNITY, AND PROVIDE ANCILLIARY SUPPORT AND SERVICES TO PATIENTS OF BERGEN NEW...

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SUPPORT MENTAL AND PHYSCAL HEALTH PROGRAMS, EDUCATIONAL, AND PREVENTATIVE MEDICINE AND SOCIAL SERVICES THROUGHOUT THE COMMUNITY, AND PROVIDE ANCILLIARY SUPPORT AND SERVICES TO PATIENTS OF BERGEN NEW BRIDGE MEDICAL CENTER, FORMERLY KNOWN AS BERGEN REGIONAL MEDICAL CENTER.

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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 $346,461
Program Service Revenue $0
Investment Income $50,278
Other Revenue $28,994
TOTAL REVENUE $425,733

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $29,115
Other Expenses $67,017
TOTAL EXPENSES $67,017

Year-over-Year Comparison

2024 2023 Change
Revenue $425,733 $348,883 +0.2%
Expenses $67,017 $472,940 -0.9%
Net Income $358,716 $-124,057 -3.9%
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
15
Employees
N/A
Volunteers
10

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
7
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LOUIS WEISS Chairman 1.30
Officer Director
$0 $0 $0
ROBERT TILLSLEY VICE CHAIRMAN 1.30
Officer Director
$0 $0 $0
RICHARD COLLOCA Asst. Treasurer 1.30
Officer Director
$0 $0 $0
DONNA ITALIANO Secretary 1.30
Officer Director
$0 $0 $0
LAURA GENOVESE BEHRMANN Trustee 0.50
Director
$0 $0 $0
JAMES DUGAN Trustee 0.50
Director
$0 $0 $0
ROBERT BROWN VICE CHAIRMAN 1.30
Officer Director
$0 $0 $0
DR SERGE DUMAY Trustee 0.50
Director
$0 $0 $0
DENNIS MIKULA Secretary 1.30
Officer Director
$0 $0 $0
AARON BLOCK Trustee 0.50
Director
$0 $0 $0
DONNA ABENE Trustee 0.50
Director
$0 $0 $0
NICHOLAS LAGANELLA II Treasurer 1.30
Officer Director
$0 $0 $0
TOM EASTWICK Trustee 0.50
Director
$0 $0 $0
JOHN COSGROVE Trustee 0.50
Director
$0 $0 $0
AMY FERRANTE-MARTIN Trustee 0.50
Director
$0 $0 $0
PAUL LEALE Trustee 0.50
Director
$0 $0 $0
CHARLES WRUBEL Trustee 0.50
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
2024 $425,733 $67,017 $1,411,246 $358,716
2023 $348,883 $472,940 $1,234,206 $-124,057
2022 $573,481 $28,605 $1,225,586 $544,876
2021 $289,607 $355,984 $716,819 $-66,377
2020 $112,621 $70,069 $465,036 $42,552
2018 $130,231 $128,210 $291,779 $2,021
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