Newton Medical Center Foundation

Nonprofit profile at a glance

EIN
222618102
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Morristown, NJ, USA
Phone
9735798513
Rating
79
Verdict
SUPPORTED
Rating confidence
Standard

Reported finances

Revenue
$3,044,029
Expenses
$1,877,648
Assets
$38,853,344
Liabilities
$159,045

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

Leadership & pay

31 people listed

Executive titles in this filing

  • Robert Adams (Trustee-President, Western)

Highest reported compensation

  • Kevin Lenahan (EVP-Chief Business & Strat): $3,385,858 total reported compensation
  • Michael Walter (SVP-Chief Financial Office): $1,872,440 total reported compensation
  • Robert Adams (Trustee-President, Western): $1,452,117 total reported compensation

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

Overview

Mission

The Newton Medical Center Foundation, the philanthropic arm of Newton Medical Center exists to philanthropically serve the present and future health and wellness needs of our community and beyond, as defined by Newton Medical Center.

What it reported doing in 2024

Board approved funding that the Foundation awarded to Newton Medical Center for an Oncology Nurse Navigator to help assist the patient, their family, and/or caregivers across the continuum, to overcome any health barriers, providing a comprehensive assessment and facilitate timely referrals for appointments to the multidisciplinary oncology team

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 76
  • Accountability: 87
  • Sustainability: 80
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.6%; rating input score 83
  • Program expense ratio: 74.2%; rating input score 74
  • Fundraising efficiency: $37.69 raised per $1 spent on fundraising; rating input score 74; 74th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 93.1%; rating input score 93; 23rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 38.3%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 20.69; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 89; 89th percentile among comparable filings
  • Officer compensation ratio: 49.9%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: -15.6% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: 1.2% per year; rating input score 100; 16th percentile among comparable filings
  • Asset growth: 5.6% per year; rating input score 100; 38th percentile among comparable filings

Details

  • Where the money goes: 82.6% of revenue deployed · 74.2% of spending went to programs
  • Governance: 27 of 29 board members independent · 7 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $1.4M in reported program spending
  • Leadership: top reported pay $3.4M · 31 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 12 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 55 filed related-organization links
  • 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Officer compensation ratio scored 1/100.