ST BARNABAS COMMUNITY ENTERPRISES … - Form 990 Financial Data

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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

1986

Legal Domicile

Principal Officer

MARY GROCHOWSKI

Phone

7189609000

Tax Period

2023-01-01 to 2023-12-31

ST BARNABAS COMMUNITY ENTERPRISES INC C/O ST BARNABAS HOSPITAL, founded in 1986, is a micro nonprofit in the Health Care sector that reported $7K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $58K exceeded revenue, resulting in a 749% operating deficit.

Mission

DESCRIPTION OF ORGANIZATION MISSION OF ST. BARNABAS COMMUNITY ENTERPRISES, INC. ("SBCE"):1. TO SOLICIT AND RECEIVE GRANTS, CONTRACTS AND FUNDS FROM FEDERAL, STATE AND LOCAL GOVERNMENT AGENCIES, FOUNDATIONS OR ANY OTHER SOURCES TO FURTHER THE CORPORATE PURPOSES;2. TO FOSTER AND PROMOTE HEALTH CARE EDUCATION, RESEARCH, ADVANCES IN THE HEALTH FIELD AND THE GROWTH AND AVAILABILITY OF QUALITY HEALTH CARE SERVICES THROUGH DIRECT GRANTS, GIFTS, LOANS OR OTHERWISE TO SUCH PERSON OR PERSONS, CORPORATIONS OR OTHER ORGANIZATIONS OR ENTITIES DETERMINED BY SBCE TO BE ENGAGED IN ACTIVITIES OR PROJECTS WHOSE GOALS AND PURPOSES ARE CONSISTENT WITH THOSE OF SBCE;3. TO COORDINATE AND SUPPORT ACTIVITIES OF NOT-FOR-PROFIT ORGANIZATIONS ENGAGED IN HEALTH CARE ACTIVITIES FOR THE BETTERMENT OF THE GENERAL HEALTH OF THE COMMUNITIES SERVED BY THEM; AND4. TO PROMOTE AND ADVANCE RELATIONSHIPS BETWEEN HEALTH CARE INSTITUTIONS, HEALTH CARE PROVIDERS AND THE COMMUNITIES THEY SERVE.

Program Service Accomplishments

Program 1

Expenses: $54,656 Revenue: $5,734

PROMOTION OF HEALTHCARE EDUCATION, RESEARCH AND ADVANCES IN THE HEALTH FIELD AND THE GROWTH AND AVAILABILITY OF QUALITY HEALTH CARE SERVICES.

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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 $1,150

Program Service Revenue $0

Investment Income $50

Other Revenue $5,684

TOTAL REVENUE $6,884

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $54,656

Other Expenses $58,416

TOTAL EXPENSES $58,416

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,884	$5,348	+0.3%
Expenses	$58,416	$72,738	-0.2%
Net Income	$-51,532	$-67,390	-0.2%

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

N/A

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

$2,983,329

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MILDRED ALLEN PH D	TRUSTEE (RESIGNED 9/29/23)	1.00	Director	$0	$0	$0
HON JOHN A BARONE	TRUSTEE	1.00	Director	$0	$0	$0
HELEN FOSTER	TRUSTEE	1.00	Director	$0	$0	$0
DAVID HARRIS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHARLES MOERDLER ESQ	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH SANCHEZ LCSW	SECRETARY	1.00	Officer Director	$0	$0	$0
BARRY WINTNER CFA	TRUSTEE	1.00	Director	$0	$0	$0
WILMA ALONSO	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD G KETCHUM	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
AFUA ATTA-MENSAH ESQ	TRUSTEE	1.00	Director	$0	$0	$0
TODD REINGLASS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ARTIE JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
NANCY BUSCH ROSSNAGEL PHD	TRUSTEE	1.00	Director	$0	$0	$0
KAREN PARRISH	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ADAM COTUMACCIO	TRUSTEE (RESIGNED 7/6/23)	1.00	Director	$0	$0	$0
AMARILIS JACOBO DDS	TRUSTEE	1.00	Director	$0	$0	$0
DAVID MAURRASSE PHD	TRUSTEE	1.00	Director	$0	$0	$0
DENISSE OLIVAREZ	TRUSTEE (RESIGNED 9/14/23)	1.00	Director	$0	$0	$0
DEREK TICE-BROWN PHD MSW	TRUSTEE	1.00	Director	$0	$0	$0
LAURA A GUERRA	TRUSTEE (RESIGNED 10/9/23)	1.00	Director	$0	$0	$0
WILLIAM T COLONA	TRUSTEE	1.00	Director	$0	$0	$0
DAVID PERLSTEIN	PRESIDENT & CEO	1.00	Officer	$0	$27,455	$1,022,883
ERIC C APPELBAUM	EVP / COO	1.00	Officer	$0	$35,873	$731,103
MARY GROCHOWSKI	EVP / CFO	1.00	Officer	$0	$10,620	$627,707
KEITH D WOLF	EVP & GENERAL COUNSEL	1.00	Officer	$0	$35,873	$601,636

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	$6,884	$58,416	$404,227	$-51,532
2022	$5,348	$72,738	$455,759	$-67,390
2021	$11,535	$64,024	$523,149	$-52,489
2020	$62,980	$78,649	$575,638	$-15,669
2019	$190,424	$85,349	$591,307	$105,075
2018	$243,565	$194,690	$486,232	$48,875

ST BARNABAS COMMUNITY ENTERPRISES INC C/O ST BARNABAS HOSPITAL