MAIN LINE REALTY CORPORATION

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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

1983

Legal Domicile

Principal Officer

LEIGH EHRLICH

Phone

4845804453

Tax Period

2022-07-01 to 2023-06-30

MAIN LINE REALTY CORPORATION, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $14.4M in total revenue in fiscal year 2022. The organization ran a surplus of $7.6M, a strong 53% operating margin.

Mission

MAIN LINE REALTY CORPORATION INVESTS IN AND MANAGES REAL ESTATE PROPERTY, PRINCIPALLY MEDICAL OFFICE BUILDINGS, FOR THE BENEFIT OF THE MAIN LINE HEALTH SYSTEM, IN PARTICULAR ITS HOSPITALS. MAIN LINE REALTY CORPORATION'S PRIMARY EXEMPT PURPOSE IS TO ASSIST AND SUPPORT MAIN LINE HEALTH WITH THESE FUNCTIONS.

Program Service Accomplishments

Program 1

Expenses: $921,106 Revenue: $1,488,828

MAIN LINE REALTY CORPORATION'S PRINCIPAL PURPOSE IS TO MANAGE HOSPITAL OWNED MEDICAL OFFICE BUILDINGS THAT PATIENTS CAN ACCESS FOR OUTPATIENT CARE FROM PHYSICIANS ON THE MAIN LINE HOSPITALS, INC. AND RIDDLE MEMORIAL HOSPITAL CAMPUSES. SERVICES PROVIDED INCLUDE ASSET MANAGEMENT AND ACCOUNTING SERVICES, AS WELL AS MANAGING THE EXPENSES INCURRED TO OPERATE THE BUILDINGS, INCLUDING UTILITIES, REPAIRS, REAL ESTATE TAXES, LIABILITY INSURANCE AND OTHER MEDICAL OFFICE BUILDING EXPENSES.

Program 2

Expenses: $552,616 Revenue: $802,073

MAIN LINE REALTY CORPORATION HAS PURCHASED PARTNERSHIP INTEREST IN BMHR ASSOCIATES. SPECIFICALLY, MAIN LINE REALTY CORPORATION HAS AN 86.28% PARTNERSHIP INTEREST IN BMHR ASSOCIATES. MAIN LINE REALTY CORPORATION INCURS AND PAYS LEASE EXPENSES on its pro rata share of ownership AS WELL AS RELATED BUILDING COSTS ASSOCIATED WITH THE OPERATION OF THIS MEDICAL OFFICE BUILDING.

Program 3

Expenses: $4,994,388 Revenue: $4,934,882

MAIN LINE REALTY CORPORATION owns a 51% interest in MAIN LINE HEALTH IMAGING LP, AN ORGANIZATION THAT PROVIDES MAGNETIC RESONANCE IMAGING AND PET CT SERVICES AT THE MAIN LINE HEALTH HOSPITALS, AS...

MAIN LINE REALTY CORPORATION owns a 51% interest in MAIN LINE HEALTH IMAGING LP, AN ORGANIZATION THAT PROVIDES MAGNETIC RESONANCE IMAGING AND PET CT SERVICES AT THE MAIN LINE HEALTH HOSPITALS, AS WELL AS VARIOUS OUTPATIENT HEALTH CENTERS. MAIN LINE REALTY CORPORATION also owns 100% of MAIN LINE HEALTH WELLNESS, LLC. WHICH CATERS TO THE DIVERSE NEEDS OF A DECONDITIONED OR MEDICALLY COMPROMISED POPULATION, AS WELL AS THOSE MEMBERS OF THE COMMUNITY WHO ARE FOCUSED ON MAINTAINING and improving THEIR HEALTH. OTHER JOINT VENTURES INCLUDE: PAOLI SURGERY CENTER, LP AND RMH HEALTH CARE CENTER ASSOCIATES, LP.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,225,783

Investment Income $7,159,957

Other Revenue $0

TOTAL REVENUE $14,385,740

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,467,186

Fundraising Expenses $0

Program Expenses $6,468,110

Other Expenses $4,337,334

TOTAL EXPENSES $6,804,520

Year-over-Year Comparison

	2022	2021	Change
Revenue	$14,385,740	$13,488,538	+0.1%
Expenses	$6,804,520	$6,388,104	+0.1%
Net Income	$7,581,220	$7,100,434	+0.1%

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

$4,742,382

Total Directors

$3,713,163

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN J LYNCH III	PRESIDENT/EX-OFFICIO TRUSTEE	1.0	Officer Director	$0	$597,253	$2,602,428
MICHAEL J BUONGIORNO	EVP-FINANCE/TREASURER/TRUSTEE	1.0	Officer Director	$0	$161,630	$1,110,735
BRIAN T CORBETT ESQ	SR. VP, GEN COUNSEL/SECRETARY	1.0	Officer	$0	$150,998	$871,651
EILEEN CARR	ASSISTANT SECRETARY	1.0	Officer	$0	$27,551	$157,568
STEVEN HIGGINS	CHAIRMAN/TRUSTEE	1.0	Officer 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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$14,385,740	$6,804,520	$80,511,193	$7,581,220
2022	$13,488,538	$6,388,104	$73,866,993	$7,100,434
2022	$13,488,538	$6,388,104	$73,866,993	$7,100,434
2021	$9,567,390	$5,240,647	$67,711,287	$4,326,743
2020	$12,023,918	$6,714,404	$64,654,329	$5,309,514
2019	$13,508,369	$7,644,238	$65,108,069	$5,864,131
2018	$11,797,930	$7,306,430	$59,402,322	$4,491,500