Bridgeport Hospital Foundation Inc

What it reported doing in 2024

See schedule othe bridgeport hospital foundation received more than $2.9 million in philanthropic gifts in fy 2025. Highlights included: the norma pfriem breast center's "pink pledge" initiative continued to raise funds and awareness for breast cancer in fairfield, southport, easton, bridgeport, stratford, trumbull, and milford. Donors contributed more than $240,000 including many local businesses that gave a portion of their monthly sales to this great cause. The kaulbach memorial golf classic celebrated its 44th anniversary in september. Over 100 golfers and sponsors contributed more than $258,000 to support oncology supportive services, oncology nurse education, and the oncology chaplaincy program. Bridgeport hospital's milford campus hosted a 5k walk/run on mother's day, attracting more than 500 participants and raising more than $18,000 to support the care of programs and services at milford campus.for the fifth year in a row, the foundation earned a platinum seal of transparency from candid (formerly guidestar). Candid gathers, organizes, and distributes information about more than 1.7 million u.s. Nonprofits. Last year, less than 1% of those organizations achieved platinum status. The foundation has advanced beyond the bronze, silver, and gold awards by adding in-depth financial information and quantitative metrics about our community health initiatives, as an example of how our donors are impacting patients served by bridgeport hospital.integration of development programs across all system hospitals resulted in changes in leadership at the bridgeport hospital foundation. President, stephen jakab resigned in may 2025 and was replaced at fiscal year-end by susan chudwick as executive director. Susan has been a member of the foundation leadership team since 2001 and has over 30 years of fundraising experience. The focus of the integration will be realizing economies of scale by centralizing common functions then focusing on major gift solicitation and stewardship at the delivery network level.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 98.6%; rating input score 99
• Fundraising efficiency: $54.9 raised per $1 spent on fundraising; rating input score 77; 77th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 42nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 63.6%; rating input score 64; 11th percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 58.4%; rating input score 95; 95th percentile among comparable filings
• Total-asset coverage ratio: 28.53; rating input score 98; 98th percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 93; 93rd percentile among comparable filings
• Officer compensation ratio: 9.9%; rating input score 21; 21st percentile among comparable filings

Growth

• Program expense growth: 16.1% per year; rating input score 100; 85th percentile among comparable filings
• Revenue growth: 1.8% per year; rating input score 100; 17th percentile among comparable filings
• Asset growth: 7.2% per year; rating input score 100; 50th percentile among comparable filings