KENNEDY HEALTH SYSTEM INC (EIN 222442036) - 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

AARON CHANG FACHE

Phone

8566615100

Tax Period

2023-07-01 to 2024-06-30

KENNEDY HEALTH SYSTEM INC, founded in 1982, is a micro nonprofit that reported $53K in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $52K, a strong 99% operating margin.

Mission

TO SUPPORT THE CHARITABLE PURPOSES OF JEFFERSON HEALTH NEW JERSEY AND ITS 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 $0

Investment Income $52,700

Other Revenue $0

TOTAL REVENUE $52,700

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $297

Other Expenses $297

TOTAL EXPENSES $297

Year-over-Year Comparison

	2023	2022	Change
Revenue	$52,700	$114,476	-0.5%
Expenses	$297	$3,421	-0.9%
Net Income	$52,403	$111,055	-0.5%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN F DURANTE	CHAIR - TRUSTEE	5.0	Officer Director	$0	$0	$0
JOSEPH A MARESSA JR ESQ	VICE CHAIR - TRUSTEE	5.0	Officer Director	$0	$0	$0
RONALD L CAPUTO	SECRETARY - TRUSTEE	5.0	Officer Director	$0	$0	$0
WILLIAM R BARKER	TRUSTEE	5.0	Director	$0	$0	$0
ROBERT I BARSKY DO	TRUSTEE	5.0	Director	$0	$0	$0
AARON CHANG FACHE	TRUSTEE - PRESIDENT(EFF 10/23)	55.0	Officer Director	$0	$0	$0
DANIEL J DALTON	TRUSTEE	5.0	Director	$0	$0	$0
ROBERT DISTANISLAO	TRUSTEE	5.0	Director	$0	$0	$0
THOMAS J GALLIA EDD	TRUSTEE	5.0	Director	$0	$0	$0
XIHAO HU	TRUSTEE	5.0	Director	$0	$0	$0
BRUCE J PAPARONE	TRUSTEE	5.0	Director	$0	$0	$0
JOHN P SILVESTRI	TRUSTEE	5.0	Director	$0	$0	$0
ALBERT E SMITH CPA	TRUSTEE	5.0	Director	$0	$0	$0
JOHN E WALLACE JR ESQ	TRUSTEE	5.0	Director	$0	$0	$0
BRIAN SWEENEY RN MBA FACHE	TRUSTEE - PRES/COO(TERM 10/23)	55.0	Officer Director	$0	$0	$0
JOHN P MORDACH	TREASURER	60.0	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
2024	$52,700	$297	No data	$52,403
2023	$114,476	$3,421	$7,508,843	$111,055
2022	$41,481	$2,288	$7,148,529	$39,193
2021	$220,129	$1,740	$7,514,368	$218,389
2020	$59,694	$2,103	$6,598,510	$57,591
2019	$550,063	$1,884,443	$8,161,282	$-1,334,380

KENNEDY HEALTH SYSTEM INC