ENGLEWOOD HOSPITAL AND MEDICAL CENTER FOUNDATION INC

EIN: 223367281 501(c)(3) Philanthropy & Grantmaking

ENGLEWOOD, NJ

Total Revenue
$9,734,759
Total Expenses
$11,939,280
Total Assets
$100,682,089
Net Assets
$98,532,654
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
NJ
Principal Officer
DEBRA ALBANESE
Phone
2018943037
Tax Period
2023-01-01 to 2023-12-31

ENGLEWOOD HOSPITAL AND MEDICAL CENTER FOUNDATION INC, founded in 1995, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $9.7M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $11.9M exceeded revenue, resulting in a 23% operating deficit.

Mission

ESTABLISHED IN 1995, THE ENGLEWOOD HOSPITAL AND MEDICAL CENTER FOUNDATION, INC. D/B/A ENGLEWOOD HEALTH FOUNDATION, IS THE NOT-FOR-PROFIT ORGANIZATION THAT DEVELOPS PRIVATE RESOURCES TO SUPPORT THE CAPITAL, ENDOWMENT AND ANNUAL OPERATING NEEDS OF ENGLEWOOD HOSPITAL; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION. THROUGH ITS FUNDRAISING PROGRAMS, SPECIAL EVENTS, AND OUTREACH ACTIVITIES, ENGLEWOOD HEALTH FOUNDATION FOSTERS COMMUNITY AWARENESS OF AND INVESTMENT IN THE HOSPITAL'S HEALTHCARE PROGRAMS AND SERVICES. THE GENEROSITY OF THE COMMUNITY HAS HELPED ENSURE QUALITY PATIENT CARE BY SUPPORTING OPERATING NEEDS, FUNDING NEW CLINICAL PROGRAMS, NURSING SCHOLARSHIPS, EQUIPMENT AND MAJOR CAPITAL PROJECTS.

Program Service Accomplishments

Program 1
Expenses: $5,480,080 Revenue: $0

EXPENSES INCURRED IN SUPPORTING THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF ENGLEWOOD HEALTH AND AFFILIATES; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM ("SYSTEM") IN ITS MISSION TO...

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EXPENSES INCURRED IN SUPPORTING THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF ENGLEWOOD HEALTH AND AFFILIATES; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM ("SYSTEM") IN ITS MISSION TO PROVIDE THE HIGHEST QUALITY HEALTHCARE IN THE COMMUNITIES IT SERVES. IN PARTICULAR, ENGLEWOOD HOSPITAL; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION THAT PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY.

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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 $7,749,371
Program Service Revenue $0
Investment Income $1,978,488
Other Revenue $6,900
TOTAL REVENUE $9,734,759

Expense Breakdown

Grants Paid $5,480,080
Salaries & Benefits $512,586
Fundraising Expenses $2,257,280
Program Expenses $5,480,080
Other Expenses $5,946,614
TOTAL EXPENSES $11,939,280

Year-over-Year Comparison

2023 2022 Change
Revenue $9,734,759 $13,128,037 -0.3%
Expenses $11,939,280 $10,079,105 +0.2%
Net Income $-2,204,521 $3,048,932 -1.7%
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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Governance

Voting Members
37
Independent Members
32
Employees
N/A
Volunteers
32

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
$3,890,887
Total Directors
40
$1,319,728
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WARREN GELLER PRESIDENT/CEO ENG HEALTH 5.0
Officer
$0 $343,895 $3,378,301
ANTHONY T ORLANDO TRUSTEE; EVP FINANCE/CFO 1.0
Director
$0 $162,646 $1,252,775
DEBRA ALBANESE EVP FOUNDATION 55.0
Officer
$491,991 $20,595 $512,586
RICHARD GOLDWEIT MD TRUSTEE 1.0
Director
$0 $0 $43,340
ALEXANDRA GOTTDIENER MD TRUSTEE 1.0
Director
$0 $0 $23,613
MICHAEL GUTTER CHAIRMAN - TRUSTEE 1.0
Officer Director
$0 $0 $0
STEVEN M KAPLAN ESQ VICE CHAIRMAN - TRUSTEE 1.0
Officer Director
$0 $0 $0
NANCY BROWN SECRETARY - TRUSTEE 1.0
Officer Director
$0 $0 $0
NEIL PIEKNY TREASURER - TRUSTEE 1.0
Officer Director
$0 $0 $0
GIA ALVAREZ TRUSTEE 1.0
Director
$0 $0 $0
MARC ARGINTEANU MD TRUSTEE 1.0
Director
$0 $0 $0
DANA BAUMGARTEN TRUSTEE 1.0
Director
$0 $0 $0
MARC BLATT TRUSTEE 1.0
Director
$0 $0 $0
MICHAEL B BRENNER TRUSTEE 1.0
Director
$0 $0 $0
ANDREW M CLARKE TRUSTEE 1.0
Director
$0 $0 $0
JARED COHEN TRUSTEE 1.0
Director
$0 $0 $0
EMMET DENNIS JR TRUSTEE 1.0
Director
$0 $0 $0
DONALD DICKSTEIN TRUSTEE 1.0
Director
$0 $0 $0
ROBERT FEUERSTEIN TRUSTEE 1.0
Director
$0 $0 $0
MERLE FISH TRUSTEE 1.0
Director
$0 $0 $0
GAYLE GERSTEIN TRUSTEE 1.0
Director
$0 $0 $0
EUN RAE JO TRUSTEE 1.0
Director
$0 $0 $0
BERNARD KOSTER ESQ TRUSTEE 3.0
Director
$0 $0 $0
RICHARD J KURTZ TRUSTEE 1.0
Director
$0 $0 $0
RICHARD LERNER TRUSTEE 1.0
Director
$0 $0 $0
SUSAN MARENOFF-ZAUSNER TRUSTEE 1.0
Director
$0 $0 $0
TINA MOUSOUROULIS TRUSTEE 1.0
Director
$0 $0 $0
JAY C NADEL TRUSTEE 1.0
Director
$0 $0 $0
ERICA PARK TRUSTEE 1.0
Director
$0 $0 $0
THOMAS C SENTER ESQ TRUSTEE 1.0
Director
$0 $0 $0
YAZ SHAH TRUSTEE 1.0
Director
$0 $0 $0
AMY SHIRVAN TRUSTEE 1.0
Director
$0 $0 $0
STANLEY SHIRVAN TRUSTEE 1.0
Director
$0 $0 $0
TED SIEBOLD TRUSTEE 1.0
Director
$0 $0 $0
GRANT R SIMONS MD TRUSTEE 1.0
Director
$0 $0 $0
KAREN SINGER TRUSTEE 1.0
Director
$0 $0 $0
MARK SPIVAK TRUSTEE 1.0
Director
$0 $0 $0
JOHN R STABILE MD TRUSTEE 1.0
Director
$0 $0 $0
MARTIN ZAIKOV TRUSTEE 1.0
Director
$0 $0 $0
LULU ATANDA TRUSTEE (TERM 03/09/2023) 1.0
Director
$0 $0 $0
J BRAD CAMPOLI TRUSTEE (TERM 03/09/2023) 1.0
Director
$0 $0 $0
MATTHEW WASSERLAUF TRUSTEE (TERM 03/09/2023) 1.0
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
2024 No data No data No data No data
2023 $9,734,759 $11,939,280 $100,682,089 $-2,204,521
2022 $13,128,037 $10,079,105 $99,844,456 $3,048,932
2021 $18,309,140 $6,244,260 $99,587,008 $12,064,880
2020 $11,353,976 $7,755,512 $85,789,583 $3,598,464
2019 $19,451,427 $6,329,969 $81,562,002 $13,121,458
2018 $11,073,658 $3,851,459 $68,485,971 $7,222,199
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