ST PETER'S FOUNDATION

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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

1981

Legal Domicile

Principal Officer

JAMES S CHOMA

Phone

7327458542

Tax Period

2023-01-01 to 2023-12-31

ST PETER'S FOUNDATION, founded in 1981, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2023. The organization ran a surplus of $1.3M, a strong 42% operating margin.

Mission

ESTABLISHED IN 1981, SAINT PETER'S FOUNDATION IS THE PHILANTHROPIC ARM OF THE SAINT PETER'S HEALTHCARE SYSTEM. BUILDING UPON OUR CATHOLIC MINISTRY AND A LONG-STANDING TRADITION OF COMPASSIONATE AND HOLISTIC PATIENT CARE, WE CULTIVATE AND DISTRIBUTE RESOURCES TO ADVANCE THE DELIVERY OF EXCEPTIONAL HEALTHCARE SERVICES. OUR AIM IS TO FOSTER A CULTURE OF PHILANTHROPY AND RAISE AWARENESS FOR OUR PROGRAMS AND INITIATIVES BY INSPIRING OTHERS TO INVEST IN QUALITY HEALTH CARE FOR THOSE WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $1,620,411 Revenue: $0

EXPENSES INCURRED IN SUPPORTING THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF SAINT PETER'S UNIVERSITY HOSPITAL; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION WHICH...

EXPENSES INCURRED IN SUPPORTING THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF SAINT PETER'S UNIVERSITY HOSPITAL; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY.

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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 $2,947,244

Program Service Revenue $0

Investment Income $204,097

Other Revenue $19,832

TOTAL REVENUE $3,171,173

Expense Breakdown

Grants Paid $1,620,411

Salaries & Benefits $0

Fundraising Expenses $225,822

Program Expenses $1,620,411

Other Expenses $225,822

TOTAL EXPENSES $1,846,233

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,171,173	$3,075,466	+0.0%
Expenses	$1,846,233	$1,736,796	+0.1%
Net Income	$1,324,940	$1,338,670	0.0%

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

$1,431,881

Total Directors

$2,018,484

Key Employees

$657,268

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Leslie D Hirsch FACHE	TRUSTEE	55.0	Director	$0	$315,335	$2,018,484
Garrick J Stoldt FHFMA CPA	Treasurer - CFO SPHCS	55.0	Officer	$0	$121,387	$945,687
Alyssa A Verderami Esq	VP; LEGAL & RISK MGMT	55.0	Key Emp	$0	$101,794	$657,268
James S Choma	VP; CATHOLIC MISSION & CDO	55.0	Officer	$0	$77,947	$486,194
David Samuel PE PP CME	Chairman - Trustee	1.0	Officer Director	$0	$0	$0
Dani El-Haj	Vice Chairman - Trustee	1.0	Officer Director	$0	$0	$0
Anthony DeMarco	Trustee	1.0	Director	$0	$0	$0
Hyesung Demesmin PharmD	Trustee	1.0	Director	$0	$0	$0
Vincent J Dicks	Trustee	1.0	Director	$0	$0	$0
Kevin P Egan	Trustee	1.0	Director	$0	$0	$0
Rev Monsignor John N Fell	Trustee	1.0	Director	$0	$0	$0
Richard A Malouf Sr	Trustee	1.0	Director	$0	$0	$0
Michael McCormick	Trustee	1.0	Director	$0	$0	$0
Brian Regan	Trustee	1.0	Director	$0	$0	$0
Anita K Walsh	Trustee	1.0	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
2024	No data	No data	No data	No data
2023	$3,171,173	$1,846,233	$15,429,849	$1,324,940
2022	$3,075,466	$1,736,796	$12,676,872	$1,338,670
2021	$2,410,611	$1,497,471	$13,131,351	$913,140
2020	$6,534,559	$1,656,207	$10,900,839	$4,878,352
2019	$1,505,013	$2,391,547	$5,973,466	$-886,534
2018	$3,596,921	$1,730,706	$6,397,571	$1,866,215