EDWARD J ILL EXCELLENCE IN MEDICINE FOUNDATION INC (EIN 208498347) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

Patricia Costante

Phone

9087316610

Tax Period

2023-01-01 to 2023-12-31

EDWARD J ILL EXCELLENCE IN MEDICINE FOUNDATION INC, founded in 2007, is a small nonprofit that reported $252K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $729K exceeded revenue, resulting in a 189% operating deficit.

Mission

The Foundation promotes excellence by providing scholarships to New Jersey residents who are medical, dental, pharmaceutical and physician assistant students in New Jersey schools, who have demonstrated excellence in scholarship, research, leadership and civic engagement.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $252,000

Program Service Revenue $0

Investment Income $405

Other Revenue $0

TOTAL REVENUE $252,405

Expense Breakdown

Grants Paid $155,000

Salaries & Benefits $0

Fundraising Expenses $137,466

Program Expenses $486,113

Other Expenses $573,900

TOTAL EXPENSES $728,900

Year-over-Year Comparison

	2023	2022	Change
Revenue	$252,405	$206,097	+0.2%
Expenses	$728,900	$271,522	+1.7%
Net Income	$-476,495	$-65,425	+6.3%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul J Hirsch MD	Trustee Chairman	1	Officer Director	$0	$0	$0
Patricia A Costante	Trustee Vice Chairman	1	Officer Director	$0	$0	$0
Christopher S Bateman	Trustee	1	Director	$0	$0	$0
Nina L Gowaty	Trustee	1	Director	$0	$0	$0
George F Heinrich MD	Trustee	1	Director	$0	$0	$0
Peter A Inverso	Trustee	1	Director	$0	$0	$0
Michael J McDonough PhD	Trustee	1	Director	$0	$0	$0
Michael J Schoppman	Trustee	1	Director	$0	$0	$0

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
2023	$252,405	$728,900	No data	$-476,495
2022	$206,097	$271,522	$491,340	$-65,425
2021	$288,050	$313,760	$601,056	$-25,710
2020	$125,027	$181,091	$614,355	$-56,064

EDWARD J ILL EXCELLENCE IN MEDICINE FOUNDATION INC