NASSAU HEALTH CARE FOUNDATION INC (EIN 112033858) - 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

1964

Legal Domicile

Principal Officer

MATTHEW J BRUDERMAN

Phone

5165726724

Tax Period

2024-01-01 to 2024-12-31

NASSAU HEALTH CARE FOUNDATION INC, founded in 1964, is a community nonprofit in the Medical Research sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $338K, a strong 16% operating margin.

Mission

TO PROVIDE GENERAL SUPPORT TO THE NEEDS AND OBJECTIVES OF THE NASSAU HEALTH CARE CORPORTATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $933,213

Program Service Revenue $979,269

Investment Income $181,435

Other Revenue $0

TOTAL REVENUE $2,093,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,619

Fundraising Expenses $0

Program Expenses $1,521,320

Other Expenses $1,591,355

TOTAL EXPENSES $1,755,974

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,093,917	$1,670,093	+0.3%
Expenses	$1,755,974	$2,195,640	-0.2%
Net Income	$337,943	$-525,547	-1.6%

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

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

$10,058

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW J BRUDERMAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PERRY SHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
MEGAN RYAN	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA VENEZIANO	CHIEF FINANCIAL OFFICER	35.00	Officer	$10,058	$0	$10,058

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	$2,093,917	$1,755,974	$4,903,520	$337,943
2023	$1,670,093	$2,195,640	$4,550,796	$-525,547
2022	$2,169,556	$2,265,318	$5,128,646	$-95,762
2021	$1,757,395	$2,053,205	$5,049,363	$-295,810
2020	$1,901,167	$1,930,804	$5,338,264	$-29,637
2019	$1,896,497	$7,403,306	$5,343,059	$-5,506,809
2018	$9,198,015	$7,229,150	$10,838,821	$1,968,865

NASSAU HEALTH CARE FOUNDATION INC