BANCROFT NEUROHEALTH WORKERS COMPE… - 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

1995

Legal Domicile

Principal Officer

MICHAEL SALERNO

Phone

7326583039

Tax Period

2024-07-01 to 2025-06-30

BANCROFT NEUROHEALTH WORKERS COMPENSATION TRUST, founded in 1995, is a community nonprofit in the Community Improvement sector that reported $6.6M in total revenue in fiscal year 2024.

Mission

WORKERS COMPENSATION BENEFITS TO EMPLOYEES OF BANCROFT NEUROHEALTH.

Program Service Accomplishments

Program 1

Expenses: $6,455,971 Revenue: $6,555,855

ORGANIZATION PROVIDES WORKERS COMPENSATION INSURANCE COVERAGE TO EMPLOYEES OF BANCROFT NEUROHEALTH IN COMPLIANCE WITH NEW JERSEY WORKERS COMPENSATION LAWS.

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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 $0

Program Service Revenue $6,555,855

Investment Income $22,077

Other Revenue $0

TOTAL REVENUE $6,577,932

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,455,971

Other Expenses $851,762

TOTAL EXPENSES $6,455,971

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,577,932	$6,125,331	+0.1%
Expenses	$6,455,971	$6,009,245	+0.1%
Net Income	$121,961	$116,086	+0.1%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BANCROFT NEUROHEALTH	TRUSTEE	10.00		$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	$6,577,932	$6,455,971	$656,388	$121,961
2024	$6,125,331	$6,009,245	$431,886	$116,086
2023	$3,933,784	$4,206,127	$315,763	$-272,343
2022	$3,639,661	$3,303,694	$514,116	$335,967
2021	$3,071,692	$3,238,779	$325,110	$-167,087
2020	$2,895,527	$2,856,969	$392,468	$38,558
2019	$2,435,629	$2,388,825	$381,672	$46,804

BANCROFT NEUROHEALTH WORKERS COMPENSATION TRUST