FOUNDATION FOR UNIVERSITY HOSPITAL A NEW JERSEY NONPROFIT CORPORATION

EIN: 471686351 501(c)(3) Health Care

NEWARK, NJ

Total Revenue
$3,840,164
Total Expenses
$2,574,900
Total Assets
$5,518,688
Net Assets
$4,048,929
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NJ
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

UNIVERSITY HOSPITAL FOUNDATION SECURES RESOURCES TO ACCELERATE UNIVERSITY HOSPITAL'S MISSION TO PROVIDE EXCEPTIONAL CARE TO EVERY PATIENT, EVERY TIME.VISION: TOGETHER, UNIVERSITY HOSPITAL AND ITS FOUNDATION SEEK TO IMPROVE THE HEALTH OF OUR COMMUNITIES FOR GENERATIONS TO COME.

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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 $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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
7
Volunteers
60

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
4
$315,893
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
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