CENTRASTATE HEALTHCARE FOUNDATION INC (EIN 222383065) - 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

1981

Legal Domicile

Principal Officer

NANCY BARONE

Phone

7322947050

Tax Period

2023-01-01 to 2023-12-31

CENTRASTATE HEALTHCARE FOUNDATION INC, founded in 1981, is a community nonprofit in the Health Care sector that reported $8.6M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $7.4M left a modest 13% surplus.

Mission

TO SUPPORT THE CHARITABLE TAX-EXEMPT PURPOSES, PROGRAMS AND SERVICES OF CENTRASTATE MEDICAL CENTER; A RELATED IRC SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION AND AFFILIATES.

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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 $8,099,022

Program Service Revenue $0

Investment Income $468,453

Other Revenue $9,040

TOTAL REVENUE $8,576,515

Expense Breakdown

Grants Paid $6,072,154

Salaries & Benefits $0

Fundraising Expenses $941,426

Program Expenses $6,072,154

Other Expenses $1,363,276

TOTAL EXPENSES $7,435,430

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,576,515	$6,740,166	+0.3%
Expenses	$7,435,430	$5,592,196	+0.3%
Net Income	$1,141,085	$1,147,970	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

$1,924,115

Total Directors

$1,618,913

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS W SCOTT FACHE	TRUSTEE/CSMC PRESIDENT/CEO	55.0	Officer Director	$0	$56,253	$926,522
JOHN A DELLOCONO	CSMC SVP/CFO	55.0	Officer	$0	$59,705	$662,673
ANTHONY J MARINO MD	TRUSTEE	50.0	Director	$0	$29,294	$357,471
NANCY BARONE	TRUSTEE/VP DEVELOPMENT	50.0	Officer Director	$0	$42,379	$334,920
JOSEPH IANTOSCA	CHAIR - TRUSTEE	1.0	Officer Director	$0	$0	$0
BRETT TAFT	VICE CHAIR - TRUSTEE	1.0	Officer Director	$0	$0	$0
VINCENT LABBATE	SECRETARY/TRESURER - TRUSTEE	1.0	Officer Director	$0	$0	$0
ERIX BUXBAUM DO	TRUSTEE	1.0	Director	$0	$0	$0
JOHN M CANTALUPO ESQ	TRUSTEE	1.0	Director	$0	$0	$0
JUNE B DUCK MD	TRUSTEE	1.0	Director	$0	$0	$0
JOHN F EGGERT	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT GORDON DDS	TRUSTEE	1.0	Director	$0	$0	$0
THOMAS M HOGAN	TRUSTEE	1.0	Director	$0	$0	$0
DANIEL JACKSON	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT KASH	TRUSTEE	1.0	Director	$0	$0	$0
BLAKE LAURENCE	TRUSTEE	1.0	Director	$0	$0	$0
JULIAN LEONE	TRUSTEE	1.0	Director	$0	$0	$0
PETER G LICATA	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT MCGIRR	TRUSTEE	1.0	Director	$0	$0	$0
SANJAY MEHTA DO FAAP	TRUSTEE	1.0	Director	$0	$0	$0
LARRY METZ	TRUSTEE	1.0	Director	$0	$0	$0
KENNETH J REILLY CWS	TRUSTEE	1.0	Director	$0	$0	$0
ANDREW J SANTORO JR	TRUSTEE	1.0	Director	$0	$0	$0
WILLIAM J SETARO	TRUSTEE	1.0	Director	$0	$0	$0
EDWARD M SOFFEN MD	TRUSTEE	1.0	Director	$0	$0	$0
KENNETH R TOMKOVICH MD	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	$8,576,515	$7,435,430	$21,131,762	$1,141,085
2022	$6,740,166	$5,592,196	$18,325,479	$1,147,970
2021	$2,979,113	$2,867,005	$20,825,049	$112,108
2020	$2,570,608	$3,531,706	$19,299,944	$-961,098
2019	$3,972,117	$3,175,421	$18,201,061	$796,696
2018	$2,639,104	$3,507,966	$14,781,554	$-868,862

CENTRASTATE HEALTHCARE FOUNDATION INC