Care Plus Bergen 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

2016

Legal Domicile

Principal Officer

Debora Visconi

Phone

2012658200

Tax Period

2023-01-01 to 2023-12-31

Care Plus Bergen Inc, founded in 2016, is a major nonprofit in the Health Care sector that reported $301.1M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

CARE PLUS BERGEN, INC. ("CPB") IS A NEW JERSEY 501(C)3 NONPROFIT CORPORATION LOCATED IN PARAMUS, NEW JERSEY. CPB WAS ORGANIZED TO OPERATE AND MANAGE INPATIENT AND OUTPATIENT ACUTE CARE MEDICAL SERVICES, BEHAVIORAL HEALTH SERVICES, ADDICTION SERVICES AND LONG TERM CARE SERVICES WHICH COMMENCED OCTOBER 1, 2017 AND IS PERFORMED AT, OR IN CONJUNCTION WITH, BERGEN NEW BRIDGE MEDICAL CENTER, OWNED BY THE COUNTY OF BERGEN, A PUBLIC BODY CORPORATE AND POLITIC OF THE STATE OF NEW JERSEY, AND operate and manage assisted living at the Mill Garden's facility.

Program Service Accomplishments

Program 1

Expenses: $124,286,512 Revenue: $133,441,110

EXPENSES AND REVENUE ASSOCIATED WITH PROVIDING MEDICALLY NECESSARY BEHAVIORAL HEALTH SERVICES, INPATIENT AND OUTPATIENT BEHAVIORAL HEALTH CARE TO PATIENTS PRESENTING TO THE HOSPITAL WHO ARE NOT...

EXPENSES AND REVENUE ASSOCIATED WITH PROVIDING MEDICALLY NECESSARY BEHAVIORAL HEALTH SERVICES, INPATIENT AND OUTPATIENT BEHAVIORAL HEALTH CARE TO PATIENTS PRESENTING TO THE HOSPITAL WHO ARE NOT RESTRICTED OR LIMITED OR OTHERWISE DENIED ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, RELIGION, SEX, GENDER IDENTITY OR EXPRESSION OR DISABILITY AND ARE OFFERED WITH OR WITHOUT THE ABILITY TO PAY OR FOR THE HOSPITAL TO RECEIVE COMPENSATION FOR THE PROVISION OF CARE.

Program 2

Expenses: $34,823,291 Revenue: $62,906,413

EXPENSES AND REVENUE ASSOCIATED WITH PROVIDING MEDICALLY NECESSARY INPATIENT ACUTE AND SUBSTANCE ABUSE CARE TO PATIENTS PRESENTING TO THE HOSPITAL WHO ARE NOT RESTRICTED OR LIMITED OR OTHERWISE...

EXPENSES AND REVENUE ASSOCIATED WITH PROVIDING MEDICALLY NECESSARY INPATIENT ACUTE AND SUBSTANCE ABUSE CARE TO PATIENTS PRESENTING TO THE HOSPITAL WHO ARE NOT RESTRICTED OR LIMITED OR OTHERWISE DENIED ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, RELIGION, SEX, GENDER IDENTITY OR EXPRESSION OR DISABILITY AND ARE OFFERED WITH OR WITHOUT THE ABILITY TO PAY OR FOR THE HOSPITAL TO RECEIVE COMPENSATION FOR THE PROVISION OF CARE.

Program 3

Expenses: $63,838,768 Revenue: $34,806,145

EXPENSES AND REVENUE ASSOCIATED WITH PROVIDING MEDICALLY NECESSARY AMBULATORY OUTPATIENT ANCILLARY CARE TO PATIENTS PRESENTING TO THE HOSPITAL WHO ARE NOT RESTRICTED OR LIMITED OR OTHERWISE DENIED ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, RELIGION, SEX, GENDER IDENTITY OR EXPRESSION OR DISABILITY AND ARE OFFERED WITH OR WITHOUT THE ABILITY TO PAY OR FOR THE HOSPITAL TO RECEIVE COMPENSATION FOR THE PROVISION OF CARE.

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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 $618,879

Program Service Revenue $288,055,303

Investment Income $0

Other Revenue $12,423,864

TOTAL REVENUE $301,098,046

Expense Breakdown

Grants Paid $0

Salaries & Benefits $170,514,657

Fundraising Expenses $0

Program Expenses $265,669,304

Other Expenses $127,951,078

TOTAL EXPENSES $298,465,735

Year-over-Year Comparison

	2023	2022	Change
Revenue	$301,098,046	$251,703,437	+0.2%
Expenses	$298,465,735	$248,698,564	+0.2%
Net Income	$2,632,311	$3,004,873	-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

2407

Volunteers

259

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

$1,325,872

Total Directors

$850,743

Key Employees

$995,082

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARINE AIRAPETIAN MD	PSYCHIATRIST	40.0	Highest	$813,154	$55,677	$868,831
DEBORAH VISCONI	PRESIDENT/CEO	40.0	Officer Director	$779,097	$71,646	$850,743
SHAHAN SIBTAIN MD	PSYCHIATRIST	40.0	Highest	$782,502	$58,084	$840,586
SRIKANTH REDDY MD	CHIEF PSYCHIATRIST	40.0	Highest	$653,985	$69,153	$723,138
PRATHILA K NAIR MD	PSYCHIATRIST	40.0	Highest	$606,404	$63,403	$669,807
VANDANA KETHINI MD	PSYCHIATRIST	40.0	Highest	$560,716	$51,444	$612,160
RALPH IADAROLA	CFO	40.0	Officer	$437,769	$37,360	$475,129
Geoffrey Gibson	SVP of HR as of 09/23	40.0	Key Emp	$376,415	$25,833	$402,248
KATHRYN RICHARDSON	SVP OPERATIONS & LTC ADMIN	40.0	Key Emp	$311,649	$61,760	$373,409
ROY PARK	SVP OF HR THRU 07/23	40.0	Key Emp	$182,513	$36,912	$219,425
Julia Orlando	Chair thru 12/13/23	2.0	Officer Director	$0	$0	$0
LOURIVAL BAPTISTA NETO MD	Vice Chair thru 12/19/23;Chair	2.0	Officer Director	$0	$0	$0
DAVID H FREED	Sec./Vice Chair as of 12/19/23	2.0	Officer Director	$0	$0	$0
DANIEL J FITZPATRICK	TREASURER	2.0	Officer Director	$0	$0	$0
KYUNGHEE A CHOI	SECRETARY as of 12/19/23	2.0	Officer Director	$0	$0	$0
ANSAR BATOOL	TRUSTEE	2.0	Director	$0	$0	$0
ROBERT BUDSOCK	TRUSTEE	2.0	Director	$0	$0	$0
KATHLEEN M BURKE	TRUSTEE	2.0	Director	$0	$0	$0
FREDERICK CORRUBIA	TRUSTEE	2.0	Director	$0	$0	$0
MICHELE DILORGI	TRUSTEE as of 10/17/23	2.0	Director	$0	$0	$0
Kenneth Ehrenberg	TRUSTEE thru 09/23	2.0	Director	$0	$0	$0
Ilya Evangelista	TRUSTEE thru 09/23	2.0	Director	$0	$0	$0
JOSEPH MASCIANDARO	TRUSTEE	2.0	Director	$0	$0	$0
JOHN D MITCHELL	TRUSTEE	2.0	Director	$0	$0	$0
HON JULIEN X NEALS	TRUSTEE	2.0	Director	$0	$0	$0
GEOFFREY PERSELAY	TRUSTEE	2.0	Director	$0	$0	$0
Srikanth Reddy MD	President, Medical & Dental	2.0	Director	$0	$0	$0
HON SANDRA ROBINSON	TRUSTEE	2.0	Director	$0	$0	$0
DAVID ROE	TRUSTEE	2.0	Director	$0	$0	$0
JUSTIN SAMBOL	TRUSTEE	2.0	Director	$0	$0	$0
LAURA SICLARI ESQ	TRUSTEE	2.0	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	$301,098,046	$298,465,735	$108,968,043	$2,632,311
2022	$251,703,437	$248,698,564	$68,776,393	$3,004,873
2021	$267,269,626	$264,690,180	$89,727,618	$2,579,446
2020	$255,105,436	$253,501,492	$76,968,464	$1,603,944
2019	$206,446,580	$217,646,514	$39,195,488	$-11,199,934
2018	$210,709,315	$210,154,938	$56,067,459	$554,377