VIRTUA HEALTH FOUNDATION INC (EIN 043722352) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

DENNIS W PULLIN

Phone

8563550620

Tax Period

2023-01-01 to 2023-12-31

VIRTUA HEALTH FOUNDATION INC, founded in 2002, is a community nonprofit in the Health Care sector that reported $8.8M in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $13.0M exceeded revenue, resulting in a 48% operating deficit.

Mission

VIRTUA FOUNDATION IS THE RESOURCE DEVELOPMENT ARM OF VIRTUA, A NON-PROFIT HEALTHCARE SYSTEM PROVIDING THE BEST CARE FOR FAMILIES ACROSS SOUTH JERSEY.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,878,433

Program Service Revenue $0

Investment Income $2,287,382

Other Revenue $-369,401

TOTAL REVENUE $8,796,414

Expense Breakdown

Grants Paid $10,151,121

Salaries & Benefits $0

Fundraising Expenses $1,167,532

Program Expenses $10,818,210

Other Expenses $2,665,099

TOTAL EXPENSES $13,001,220

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,796,414	$14,592,178	-0.4%
Expenses	$13,001,220	$32,996,851	-0.6%
Net Income	$-4,204,806	$-18,404,673	-0.8%

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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$4,769,801

Total Directors

$5,919,102

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS W PULLIN	PRESIDENT/CEO	0.20	Officer Director	$0	$57,766	$3,487,539
ANTHONY G SAUERWEIN MD	TRUSTEE/PHYSICIAN	0.90	Director	$0	$57,766	$938,643
RANDOLPH B DEGER MD	TRUSTEE/PHYSICIAN	0.90	Director	$0	$30,903	$616,909
MARY FRANCES CAMPAGNOLO MD	TRUSTEE/PHYSICIAN	0.90	Director	$0	$28,609	$323,973
TROY RANDLE DO FACC FACOI	TRUSTEE/PHYSICIAN	1.00	Director	$0	$16,536	$552,038
DAMIEN GHEE MSC MFP	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN GILLESPIE ESQ	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
RICHARD SILPE ESQ	TRUSTEE	1.00	Director	$0	$0	$0
MELANIE GRANT ESQ	TRUSTEE	0.90	Director	$0	$0	$0
WILLIAM HYLAND ESQ	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE KOZUB	TRUSTEE	1.00	Director	$0	$0	$0
MARK KRAMER	TRUSTEE	0.90	Director	$0	$0	$0
JOHN J PARKER SR CRPC	TRUSTEE	1.00	Director	$0	$0	$0
JANICE O'NEIL RN	TRUSTEE	0.90	Director	$0	$0	$0
BRENDA O'BRIEN	TRUSTEE	0.90	Director	$0	$0	$0
ROBERT PLATZER	TRUSTEE	0.90	Director	$0	$0	$0
CRAIG TURNER DO	TRUSTEE	0.90	Director	$0	$0	$0
REGINALD F BECKETT	TRUSTEE	1.00	Director	$0	$0	$0
CELESTE CANUSO	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS J FANELLE	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY HEALEY	TRUSTEE	1.00	Director	$0	$0	$0
ALTHEA PENNOCK	TRUSTEE	0.90	Director	$0	$0	$0
CHRISTOPHER POYATT	TRUSTEE	1.00	Director	$0	$0	$0
MARGARET PRENDERGAST	TRUSTEE	0.90	Director	$0	$0	$0
MARTINA WALKER CFP	TRUSTEE	1.00	Director	$0	$0	$0
LORI LOMBARDO	TRUSTEE (START 9/20/23)	0.50	Director	$0	$0	$0
BRIAN LYNN CFP	TRUSTEE (START 9/20/23)	0.50	Director	$0	$0	$0
MICHAEL SACCOMANNO CPA	TRUSTEE (START 9/20/23)	0.50	Director	$0	$0	$0
ROBERT M SEGIN	EVP/CFO	0.20	Officer	$0	$44,861	$1,282,262
SARAH FAWCETT-LEE	SVP OF FOUNDATION	0.00		$0	$48,236	$540,410

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	$8,796,414	$13,001,220	$109,225,686	$-4,204,806
2022	$14,592,178	$32,996,851	$97,403,821	$-18,404,673
2021	$9,123,196	$31,401,373	$110,138,193	$-22,278,177
2020	$9,356,688	$7,806,773	$101,623,241	$1,549,915
2019	$9,482,052	$5,452,511	$91,418,452	$4,029,541
2018	$4,689,732	$5,793,421	$83,366,323	$-1,103,689

VIRTUA HEALTH FOUNDATION INC