Care Plus Bergen Inc

Nonprofit profile at a glance

EIN
822081292
IRS 990 coverage
2017–2024
Forms available
Form 990 2024
Location
Paramus, NJ, USA
Phone
2012658200
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Management & Technical Assistance

Reported finances

Revenue
$366,526,599
Expenses
$360,032,200
Assets
$133,074,367
Liabilities
$127,581,151

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

29 people listed

Executive titles in this filing

  • DEBORAH VISCONI (PRESIDENT/CEO)
  • SRIKANTH REDDY MD (PRESIDENT, CHIEF PSYCHIATRIST)

Highest reported compensation

  • DEBORAH VISCONI (PRESIDENT/CEO): $954,142 total reported compensation
  • KARINE V AIRAPETIAN (PSYCHIATRIST): $893,207 total reported compensation
  • SHAHAN SIBTAIN (PSYCHIATRIST): $794,954 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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 body corporate and politic of the state of New Jersey, and operate and manage assisted living at the mill garden's facility.

What it reported doing in 2024

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. These services are offered without restriction based on ability to pay or expectation of hospital compensation.

Operating model

Revenue model
Other-operating. 99% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 84
  • Accountability: 94
  • Sustainability: 31
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.9%; rating input score 87
  • Program expense ratio: 88.4%; rating input score 88
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90%; rating input score 90; 38th percentile among comparable filings
  • Governance controls: 9 of 9 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: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 1.8%; rating input score 42; 42nd percentile among comparable filings
  • Total-asset coverage ratio: 0.37; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 0.96; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 1.9%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 13.4% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 14.2% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 16.1% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 86.9% of revenue deployed · 88.4% of spending went to programs
  • Governance: 18 of 20 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $318.4M in reported program spending
  • Leadership: top reported pay $954K · 29 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $14.7M reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 7 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Sustainability: Operating margin scored 42/100.
  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.