KENNEDY PROPERTY CORPORATION (EIN 222442034) - 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

1982

Legal Domicile

Principal Officer

ALEXANDER D SHARNOFF ESQ

Phone

8566615100

Tax Period

2023-07-01 to 2024-06-30

KENNEDY PROPERTY CORPORATION, founded in 1982, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Net assets of $14.5M represent 109 months of operating reserves.

Mission

THE ORGANIZATION PROVIDES REAL ESTATE AND PROPERTY MANAGEMENT SERVICES TO VARIOUS JEFFERSON HEALTH NEW JERSEY 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 $0

Program Service Revenue $1,579,897

Investment Income $3,238

Other Revenue $19,012

TOTAL REVENUE $1,602,147

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,100

Program Expenses $1,525,091

Other Expenses $1,690,052

TOTAL EXPENSES $1,690,052

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,602,147	$2,190,286	-0.3%
Expenses	$1,690,052	$1,919,386	-0.1%
Net Income	$-87,905	$270,900	-1.3%

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

Total Directors

Key Employees

$425,109

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES HUYNH	VP FACILITIES MANAGEMENT	55.0	Key Emp	$0	$26,065	$425,109
JOHN P SILVESTRI	CHAIRMAN - TRUSTEE	5.0	Officer Director	$0	$0	$0
DANIEL J DALTON	VICE CHAIR - TRUSTEE	5.0	Officer Director	$0	$0	$0
WILLIAM R BARKER	TRUSTEE	5.0	Director	$0	$0	$0
JOHN F DURANTE	TRUSTEE	5.0	Director	$0	$0	$0
BRUCE J PAPARONE	TRUSTEE	5.0	Director	$0	$0	$0
ALEXANDER D SHARNOFF ESQ	SECRETARY	55.0	Officer	$0	$0	$0
STEPHEN V DESTEFANO CPA	TREASURER	55.0	Officer	$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	$1,602,147	$1,690,052	$15,460,004	$-87,905
2023	$2,190,286	$1,919,386	$15,523,678	$270,900
2022	$2,309,955	$1,840,051	$15,676,389	$469,904
2021	$1,883,158	$1,629,985	$15,602,665	$253,173
2020	$1,920,665	$1,640,569	$16,199,738	$280,096
2019	$2,315,955	$1,960,078	$18,806,528	$355,877

KENNEDY PROPERTY CORPORATION