WESTFIELD MEMORIAL HOSPITAL FOUNDATION INC (EIN 222270533) - 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

1978

Legal Domicile

Principal Officer

PATRICIA DIPALMA

Phone

7167932338

Tax Period

2023-01-01 to 2023-12-31

WESTFIELD MEMORIAL HOSPITAL FOUNDATION INC, founded in 1978, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $553K in total revenue in fiscal year 2023. Revenue surged 116% from the prior year, signaling strong growth momentum. The organization ran a surplus of $188K, a strong 34% operating margin.

Mission

THE FOUNDATION IS OPERATED FOR THE PURPOSE OF PROMOTING COMMUNITY PHILANTHROPIC SUPPORT OF WESTFIELD MEMORIAL HOSPITAL AND TO PROVIDE FUNDING FOR EXPANSION AND MODERNIZATION OF THE HOSPITALS EQUIPMENT AND FACILITIES.

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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 $515,256

Program Service Revenue $0

Investment Income $36,656

Other Revenue $1,492

TOTAL REVENUE $553,404

Expense Breakdown

Grants Paid $250,136

Salaries & Benefits $0

Fundraising Expenses $85,206

Program Expenses $260,146

Other Expenses $115,002

TOTAL EXPENSES $365,138

Year-over-Year Comparison

	2023	2022	Change
Revenue	$553,404	$256,721	+1.2%
Expenses	$365,138	$132,305	+1.8%
Net Income	$188,266	$124,416	+0.5%

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

$69,466

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN BRONSTEIN	PRESIDENT	15.00	Officer Director	$0	$0	$0
JON NORTHROP	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTINE ADAMS	TREASURER	15.00	Officer Director	$0	$0	$0
COLLEEN MEEDER	SECRETARY	2.00	Officer Director	$0	$0	$0
ROSE VAN VOLKENBURG	DIRECTOR	0.50	Director	$0	$0	$0
MARILYN HEMMER	DIRECTOR	0.50	Director	$0	$0	$0
DIANNA S HOLT	DIRECTOR	0.50	Director	$0	$0	$0
DAN SMITH	DIRECTOR	0.50	Director	$0	$0	$0
SHARA POST	DIRECTOR	0.50	Director	$0	$0	$0
JORDAN STEVES	DIRECTOR	0.50	Director	$0	$0	$0
TODD CRANDALL	DIRECTOR	0.50	Director	$0	$0	$0
DANIEL HOCKING	DIRECTOR	0.50	Director	$0	$0	$0
RALPH WALTON MD	DIRECTOR	0.50	Director	$0	$0	$0
PATRICIA DIPALMA	DIR. OF DEVELOPMENT	35.00	Officer	$0	$0	$69,466

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	$553,404	$365,138	$1,304,374	$188,266
2022	$256,721	$132,305	$1,042,644	$124,416
2021	$311,304	$91,116	$1,041,467	$220,188
2020	$241,414	$105,902	$862,557	$135,512
2019	$261,321	$263,081	$721,035	$-1,760
2018	$277,476	$134,771	$660,491	$142,705

WESTFIELD MEMORIAL HOSPITAL FOUNDATION INC