Bergen Volunteer Medical Initiative Inc
Bergen Volunteer Medical Initiative maintains strong assets and zero reported officer compensation despite recent operating deficit.
EIN: 202633437 · Haskensack, NJ · NTEE: E30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.2M |
| Total Expenses | $3.0M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $2.6M |
| Transparency Score | 92/100 |
Is Bergen Volunteer Medical Initiative Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bergen Volunteer Medical Initiative Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bergen Volunteer Medical Initiative Inc
Bergen Volunteer Medical Initiative Inc (EIN: 202633437) is a nonprofit organization based in Haskensack, NJ, classified under NTEE code E30. The organization reported total revenue of $4.2M and total assets of $5.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bergen Volunteer Medical Initiative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bergen Volunteer Medical Initiative Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $3.0M |
| Surplus / Deficit | $-399,714 |
| Total Assets | $4.5M |
| Total Liabilities | $2.0M |
| Net Assets | $2.6M |
| Operating Margin | -15.3% |
| Debt-to-Asset Ratio | 43.1% |
| Months of Reserves | 18.1 months |
Financial Health Grade: B
In 2023, Bergen Volunteer Medical Initiative Inc reported a deficit of $400K with expenses exceeding revenue, holds 18.1 months of operating reserves (strong position), has a debt-to-asset ratio of 43.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bergen Volunteer Medical Initiative Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.0% | +9.9% | -10.4% |
| 2022 | -2.9% | +19.2% | +88.8% |
| 2021 | +44.8% | -0.4% | +44.3% |
| 2020 | +38.2% | +34.4% | +12.5% |
| 2019 | -8.0% | +13.5% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bergen Volunteer Medical Initiative Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Bergen Volunteer Medical Initiative Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $400K, with expenses exceeding revenue.
- Debt-to-asset ratio: 43.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through non-officer categories, which is highly favorable for a nonprofit of its size with revenues exceeding $2 million annually.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bergen Volunteer Medical Initiative Inc's IRS 990 filings:
- Expenses ($3,004,810) exceeded revenue ($2,605,096) in the 202312 filing, indicating an operating deficit for that period.
Strengths
The following positive indicators were identified for Bergen Volunteer Medical Initiative Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds.
- Significant growth in revenue and assets over the past decade, demonstrating increasing capacity.
- Strong asset base ($5,345,010 latest, $4,524,091 in 202312) provides financial resilience.
- NTEE code E30 (General and Rehabilitative Health) aligns well with the organization's name and likely mission focus.
Frequently Asked Questions about Bergen Volunteer Medical Initiative Inc
Is Bergen Volunteer Medical Initiative Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bergen Volunteer Medical Initiative Inc (EIN: 202633437) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Bergen Volunteer Medical Initiative Inc spend its money?
Bergen Volunteer Medical Initiative Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bergen Volunteer Medical Initiative Inc tax-deductible?
Bergen Volunteer Medical Initiative Inc is registered as a tax-exempt nonprofit (EIN: 202633437). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bergen Volunteer Medical Initiative Inc CEO make?
Bergen Volunteer Medical Initiative Inc's highest-compensated officer earns $2 annually. The organization reported $4.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bergen Volunteer Medical Initiative Inc's spending goes to programs?
Bergen Volunteer Medical Initiative Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bergen Volunteer Medical Initiative Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Bergen Volunteer Medical Initiative Inc is above average for NTEE category E30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bergen Volunteer Medical Initiative Inc located?
Bergen Volunteer Medical Initiative Inc is headquartered in Haskensack, New Jersey and files with the IRS under EIN 202633437. It is classified under NTEE code E30.
How many years of IRS 990 filings does Bergen Volunteer Medical Initiative Inc have?
Bergen Volunteer Medical Initiative Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.2M in total revenue.
Is Bergen Volunteer Medical Initiative Inc a good charity?
Based on the available IRS 990 data, Bergen Volunteer Medical Initiative Inc appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to directing funds towards its mission. Its assets have generally grown, and program spending is likely high given the lack of executive compensation.
How has BVMI's revenue trended over time?
BVMI's revenue has shown significant growth over the past decade, increasing from $1,388,299 in 201412 to $2,605,096 in 202312, with a peak of $3,310,058 in 202112. The latest reported revenue is $4,237,612.
What is the organization's financial stability?
The organization demonstrates good financial stability, with assets consistently exceeding liabilities. For example, in 202312, assets were $4,524,091 against liabilities of $1,951,583. However, the 202312 filing shows expenses exceeding revenue, which could impact long-term stability if it becomes a recurring trend.
Filing History
IRS 990 filing history for Bergen Volunteer Medical Initiative Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bergen Volunteer Medical Initiative Inc's revenue has grown by 140%, moving from $1.1M to $2.6M. Total assets increased by 423.6% over the same period, from $864K to $4.5M. Total functional expenses rose by 152.7%, from $1.2M to $3.0M. In its most recent filing year (2023), Bergen Volunteer Medical Initiative Inc reported a deficit of $400K, with expenses exceeding revenue. The organization holds $2.0M in liabilities against $4.5M in assets (debt-to-asset ratio: 43.1%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $3.0M | $4.5M | $2.0M | — | — |
| 2022 | $3.2M | $2.7M | $5.0M | $2.1M | — | View 990 |
| 2021 | $3.3M | $2.3M | $2.7M | $180K | — | View 990 |
| 2020 | $2.3M | $2.3M | $1.9M | $375K | — | — |
| 2019 | $1.7M | $1.7M | $1.6M | $152K | — | View 990 |
| 2018 | $1.8M | $1.5M | $1.7M | $140K | — | View 990 |
| 2017 | $1.3M | $1.4M | $1.4M | $101K | — | View 990 |
| 2016 | $1.9M | $1.1M | $1.8M | $237K | — | View 990 |
| 2015 | $1.7M | $1.7M | $803K | $53K | — | View 990 |
| 2014 | $1.4M | $1.4M | $810K | $30K | — | View 990 |
| 2013 | $1.3M | $1.4M | $854K | $77K | — | View 990 |
| 2012 | $1.3M | $1.3M | $927K | $132K | — | View 990 |
| 2011 | $1.1M | $1.2M | $864K | $86K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $3.0M, and assets of $4.5M (revenue -19.0% year-over-year).
- 2022: Revenue of $3.2M, expenses of $2.7M, and assets of $5.0M (revenue -2.9% year-over-year).
- 2021: Revenue of $3.3M, expenses of $2.3M, and assets of $2.7M (revenue +44.8% year-over-year).
- 2020: Revenue of $2.3M, expenses of $2.3M, and assets of $1.9M (revenue +38.2% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.7M, and assets of $1.6M (revenue -8.0% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.5M, and assets of $1.7M (revenue +38.2% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.4M, and assets of $1.4M (revenue -31.8% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.1M, and assets of $1.8M (revenue +14.4% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.7M, and assets of $803K (revenue +20.1% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $810K (revenue +3.2% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.4M, and assets of $854K (revenue +4.4% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.3M, and assets of $927K (revenue +18.8% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.2M, and assets of $864K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bergen Volunteer Medical Initiative Inc:
Data Sources and Methodology
This transparency report for Bergen Volunteer Medical Initiative Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.