Care Plus Bergen Inc

EIN: 822081292 501(c)(3) Health Care

Paramus, NJ

Total Revenue
$301,098,046
Total Expenses
$298,465,735
Total Assets
$108,968,043
Net Assets
$-1,001,183
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NJ
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

Operate and manage acute care, behavioral health, addiction, long-term care at Bergen New Bridge Medical Center, as well as assisted living services at Mill Gardens facility.

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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 $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

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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
18
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
7
$1,325,872
Total Directors
22
$850,743
Key Employees
3
$995,082
Highest Compensated
5
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
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