FOUNDATION FOR UNIVERSITY HOSPITAL… - 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

2014

Legal Domicile

Principal Officer

CALVIN RANDOLPH LEDFORD

Phone

9739725300

Tax Period

2024-07-01 to 2025-06-30

FOUNDATION FOR UNIVERSITY HOSPITAL A NEW JERSEY NONPROFIT CORPORATION, founded in 2014, is a community nonprofit in the Health Care sector that reported $3.8M in total revenue in fiscal year 2024. The organization ran a surplus of $1.3M, a strong 33% operating margin.

Mission

THE FOUNDATION FOR UNIVERSITY HOSPITAL WAS FORMED IN 2014 FOR THE EXCLUSIVE PURPOSE OF SUPPORTING THE OPERATIONS OF UNIVERSITY HOSPITAL AND THE HOSPITAL'S PUBLIC MISSION TO PROVIDE A COMPREHENSIVE HEALTHCARE PROGRAM AND HEALTHCARE SERVICES TO THE GREATER NEWARK COMMUNITY, INCLUDING OUTREACH AND MOBILE HEALTH SERVICES, IN ACCORDANCE WITH THE SPIRIT AND INTENT OF THE "AGREEMENTS REACHED BETWEEN COMMUNITY AND GOVERNMENT NEGOTIATORS REGARDING NEW JERSEY COLLEGE OF MEDICINE AND DENTISTRY AND RELATED MATTERS OF APRIL 30, 1968," AS WELL AS SERVICES IN COLLABORATION WITH THE NEWARK BASED SCHOOLS OF RUTGERS BIOMEDICAL AND HEALTH SCIENCES.

Program Service Accomplishments

Program 1

Expenses: $1,910,721 Revenue: $0

THE FOLLOWING PROGRAMS ARE SUPPORTED BY THE FOUNDATION FOR UNIVERSITY HOSPITAL THROUGH GRANTS AND OTHER FUNDRAISING:A. FREE CANCER SCREENINGS FOR UNDERSERVED WOMEN ACROSS GREATER NEWARK.B. PROVIDING MEALS TO COMMUNITY MEMBERS FACING FOOD INSECURITY.C. TYPE 1 DIABETES AUTOANTIBODY TESTING TO DETERMINE RISK AMONGST UH PATIENTS.D. HEALTH EQUITY PROGRAMS TO ADDRESS SOCIAL DETERMINANTS OF HEALTH, INCREASE PREVENTATIVE CARE, AND IMPROVE HEALTH AND WELLBEING FOR OUR COMMUNITY.E. HOSPITAL WORKFORCE DEVELOPMENT PROGRAMS TO INCREASE RECRUITMENT, RETENTION, AND EMPLOYEE WELLNESS.F. CAPITAL CONSTRUCTION AND EQUIPMENT TO MODERNIZE UNIVERSITY HOSPITAL.G. VIOLENCE INTERVENTION PROGRAM FOR VICTIMS OF CRIME.H. TRAUMA RECOVERY CENTER.I. TRAUMA SURVIVORSHIP PROGRAM.J. MATERNAL CHILD HEALTH PROGRAM.

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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 $3,837,082

Program Service Revenue $0

Investment Income $596

Other Revenue $2,486

TOTAL REVENUE $3,840,164

Expense Breakdown

Grants Paid $1,734,390

Salaries & Benefits $557,715

Fundraising Expenses $361,171

Program Expenses $1,910,721

Other Expenses $282,795

TOTAL EXPENSES $2,574,900

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,840,164	$3,622,140	+0.1%
Expenses	$2,574,900	$4,258,838	-0.4%
Net Income	$1,265,264	$-636,698	-3.0%

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

$315,893

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CALVIN RANDOLPH LEDFORD	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JENNIFER ERDELYI	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MICHAEL A CURI	IMMEDIATE PAST CHAIRMAN	2.00	Officer Director	$0	$0	$0
BARBARA KAUFMAN	TRUSTEE	1.00	Director	$0	$0	$0
CECILIA I LASSITER	TRUSTEE	1.00	Director	$0	$0	$0
FRANCIS COSTELLO	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH L MUSCARELLE	TRUSTEE	1.00	Director	$0	$0	$0
MARJORIE PERRY	TRUSTEE	1.00	Director	$0	$0	$0
REGINALD J HOLLINGER	TRUSTEE	1.00	Director	$0	$0	$0
JESSICA BACKOFEN	CHIEF DEVELOPMENT OFFICER	40.00	Officer	$294,731	$21,162	$315,893

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	$3,840,164	$2,574,900	$5,518,688	$1,265,264
2024	$3,622,140	$4,258,838	$3,619,677	$-636,698
2023	$2,571,233	$2,925,157	$4,040,088	$-353,924
2022	$2,770,486	$2,283,971	$4,020,892	$486,515
2021	$2,135,194	$2,428,402	$3,475,710	$-293,208
2020	$3,375,984	$2,055,608	$3,530,272	$1,320,376
2019	$512,328	$480,078	$2,277,503	$32,250
2018	$350,805	$167,203	$1,485,643	$183,602

FOUNDATION FOR UNIVERSITY HOSPITAL A NEW JERSEY NONPROFIT CORPORATION