CAREPOINT HEALTH FOUNDATION INC

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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

2011

Legal Domicile

Principal Officer

PAULA NEVOSO

Phone

2017958000

Tax Period

2023-01-01 to 2023-12-31

CAREPOINT HEALTH FOUNDATION INC, founded in 2011, is a community nonprofit in the Health Care sector that reported $5.7M in total revenue in fiscal year 2023.

Mission

THE FOUNDATION WAS ESTABLISHED TO STRENGTHEN ACCESS TO CARE FOR THE UNINSURED AND THE UNDERINSURED MEMBERS OF THE HUDSON COUNTY COMMUNITY. THE FOUNDATION GENERATES CHARITABLE DOLLARS AND MAKES STRATEGIC GRANTS TO SUPPORT PROGRAMS AND SERVICES THAT ADVANCE ITS MISSION IN IMPROVING ACCESS TO HEALTH, WELLNESS, HEALTH EDUCATION AND FUTURE HEALTH PROFESSIONALS' EDUCATION SERVICES FOR RESIDENTS OF HUDSON COUNTY, NEW JERSEY.

Program Service Accomplishments

Program 1

Expenses: $3,646,511

THE OUTPATIENT DEPARTMENT PROGRAM AT HOBOKEN UNIVERSITY MEDICAL CENTER PROVIDES INDIVIDUAL, COUPLE, FAMILY GROUP THERAPY, AND PSYCHO-EDUCATIONAL SERVICES. THE PARTIAL HOSPITAL PROGRAM PROVIDES...

THE OUTPATIENT DEPARTMENT PROGRAM AT HOBOKEN UNIVERSITY MEDICAL CENTER PROVIDES INDIVIDUAL, COUPLE, FAMILY GROUP THERAPY, AND PSYCHO-EDUCATIONAL SERVICES. THE PARTIAL HOSPITAL PROGRAM PROVIDES TREATMENT FOR INDIVIDUALS SUFFERING FROM PSYCHIATRIC DISORDERS. THE AFFILIATED EMERGENCY SERVICES PROVIDE IMMEDIATE, SHORT-TERM HELP FOR INDIVIDUALS IN DANGER OF HURTING THEMSELVES OR OTHERS OR EXPERIENCING INCREASED PSYCHIATRIC AND/OR SUBSTANCE ABUSE SYMPTOMS. THE PSYCHIATRIC EMERGENCY SERVICES PROGRAM PROVIDES 24/7 PSYCHIATRIC SCREENING AND ASSESSMENT SERVICES.

Program 2

Expenses: $1,305,513

THE OUTPATIENT MENTAL HEALTH PROGRAM AT CHRIST HOSPITAL PROVIDES SHORT-TERM AND LONG-TERM THERAPY FOR INDIVIDUALS DEALING WITH DEPRESSION, GRIEF OR LOSS, ANXIETY, SERIOUS AND PERSISTENT MENTAL...

THE OUTPATIENT MENTAL HEALTH PROGRAM AT CHRIST HOSPITAL PROVIDES SHORT-TERM AND LONG-TERM THERAPY FOR INDIVIDUALS DEALING WITH DEPRESSION, GRIEF OR LOSS, ANXIETY, SERIOUS AND PERSISTENT MENTAL ILLNESS, OR MENTAL HEALTH ISSUES COMPOUNDED BY A HISTORY OF SUBSTANCE USE. THE PSYCHIATRIC EMERGENCY SERVICES PROGRAM PROVIDES 24/7 PSYCHIATRIC SCREENING AND ASSESSMENT SERVICES.

Program 3

Expenses: $304,773

SUPPORT PROGRAMS AND SERVICES THAT ADVANCE OUR MISSION OF IMPROVING ACCESS TO HEALTH, WELLNESS, HEALTH EDUCATION AND FUTURE HEALTH PROFESSIONALS' EDUCATION SERVICES FOR RESIDENTS OF HUDSON COUNTY...

SUPPORT PROGRAMS AND SERVICES THAT ADVANCE OUR MISSION OF IMPROVING ACCESS TO HEALTH, WELLNESS, HEALTH EDUCATION AND FUTURE HEALTH PROFESSIONALS' EDUCATION SERVICES FOR RESIDENTS OF HUDSON COUNTY, NEW JERSEY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,680,580

Program Service Revenue $0

Investment Income $18,673

Other Revenue $0

TOTAL REVENUE $5,699,253

Expense Breakdown

Grants Paid $4,980,745

Salaries & Benefits $679,848

Fundraising Expenses $227,592

Program Expenses $5,256,797

Other Expenses $191,474

TOTAL EXPENSES $5,852,067

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,699,253	$5,860,629	0.0%
Expenses	$5,852,067	$5,970,716	0.0%
Net Income	$-152,814	$-110,087	+0.4%

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

Volunteers

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

$391,665

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL ALTILIO	CHAIRMAN	5.00	Officer Director	$0	$0	$0
EUGENE J CORNACCHIA	VICE CHAIR	5.00	Officer Director	$0	$0	$0
JOSEPH CAULFIELD	TREASURER	5.00	Officer Director	$0	$0	$0
HENRY J AMOROSO	TRUSTEE	5.00	Director	$0	$0	$0
ISABEL D CHOU	TRUSTEE	5.00	Director	$0	$0	$0
ANTONIO IBARRIA	TRUSTEE	5.00	Director	$0	$0	$0
JOSE F MEDINA-LASSO	TRUSTEE	5.00	Director	$0	$0	$0
ANGEL A LAZO JR	TRUSTEE	5.00	Director	$0	$0	$0
JAMES P RYAN	TRUSTEE	5.00	Director	$0	$0	$0
KEN SHAH	SECRETARY	5.00	Officer Director	$0	$0	$0
ANGELO M VALENTE	TRUSTEE	5.00	Director	$0	$0	$0
PAULA A NEVOSO	PRESIDENT	5.00	Officer	$353,633	$38,032	$391,665

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
2023	$5,699,253	$5,852,067	$2,124,215	$-152,814
2022	$5,860,629	$5,970,716	$3,298,480	$-110,087
2021	$5,806,464	$5,728,197	$1,791,167	$78,267
2020	$6,043,856	$6,218,718	$1,717,254	$-174,862
2019	$5,492,161	$5,608,325	$1,678,559	$-116,164
2018	$5,779,176	$5,631,484	$1,928,991	$147,692