Foundation for Hackettstown Medical Center (EIN 222333410) - 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

1980

Legal Domicile

Principal Officer

MICHAEL WALTER

Phone

9734512005

Tax Period

2023-01-01 to 2023-12-31

Foundation for Hackettstown Medical Center, founded in 1980, is a small nonprofit that reported $436K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $404K left a modest 7% surplus.

Mission

To serve the philanthropic needs for the Hackettstown Medical Center.

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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 $375,927

Program Service Revenue $0

Investment Income $99,204

Other Revenue $-38,920

TOTAL REVENUE $436,211

Expense Breakdown

Grants Paid $78,348

Salaries & Benefits $297,020

Fundraising Expenses $170,914

Program Expenses $78,348

Other Expenses $28,939

TOTAL EXPENSES $404,307

Year-over-Year Comparison

	2023	2022	Change
Revenue	$436,211	$376,052	+0.2%
Expenses	$404,307	$325,079	+0.2%
Net Income	$31,904	$50,973	-0.4%

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

$9,840,613

Total Directors

$1,570,383

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Adams Jr	President, Western Region	27.50	Officer Director	$0	$146,989	$1,235,422
Megan Sandow	Chief Development Officer	27.50	Officer Director	$0	$30,355	$334,961
Eric Cross	Trustee	2.00	Director	$0	$0	$0
Janen Ardia	Trustee- Chair	2.00	Officer Director	$0	$0	$0
Judy Arnold	Auxiliary Rep	2.00	Officer Director	$0	$0	$0
John H Johnson	Trustee-Vice Chair	2.00	Officer Director	$0	$0	$0
Gregory W Stewart	Trustee	2.00	Director	$0	$0	$0
Mattar Mattar	Trustee	2.00	Director	$0	$0	$0
Michael S Selvaggi Esq	Trustee	2.00	Director	$0	$0	$0
Norman Worth	Trustee	2.00	Director	$0	$0	$0
Peter Olivieri	Trustee	2.00	Director	$0	$0	$0
Tom R Dartnell	Trustee	2.00	Director	$0	$0	$0
Virginia Mahoney	Trustee	2.00	Director	$0	$0	$0
Fawaz Nesheiwat DPM DAPFAS	Trustee	2.00	Director	$0	$0	$0
Kishore Ballal	Trustee	2.00	Director	$0	$0	$0
Robert Wanamaker	Trustee	2.00	Director	$0	$0	$0
Michael Walter	SVP-Chief Financial Office	2.00	Officer	$0	$137,577	$1,108,761
Kevin Lenahan	EVP-Chief Business & Strat	2.00	Officer	$0	$406,954	$7,161,469

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	$436,211	$404,307	$3,847,403	$31,904
2022	$376,052	$325,079	$3,745,490	$50,973
2021	$374,569	$302,337	$4,290,590	$72,232
2020	$376,656	$359,032	$3,819,557	$17,624
2019	$255,030	$293,067	$3,215,713	$-38,037
2018	$511,033	$2,873,923	$3,135,550	$-2,362,890

Foundation for Hackettstown Medical Center