MONMOUTH MEDICAL CENTER FOUNDATION INC (EIN 222456079) - 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

CAITLIN R OLSON

Phone

9733224032

Tax Period

2023-01-01 to 2023-12-31

MONMOUTH MEDICAL CENTER FOUNDATION INC, founded in 1982, is a mid-sized nonprofit in the Health Care sector that reported $46.4M in total revenue in fiscal year 2023. Revenue surged 264% from the prior year, signaling strong growth momentum. The organization ran a surplus of $39.1M, a strong 84% operating margin.

Mission

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

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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 $42,616,000

Program Service Revenue $3,356,311

Investment Income $399,510

Other Revenue $53,775

TOTAL REVENUE $46,425,596

Expense Breakdown

Grants Paid $4,150,123

Salaries & Benefits $0

Fundraising Expenses $1,631,651

Program Expenses $4,150,123

Other Expenses $2,727,824

TOTAL EXPENSES $7,344,129

Year-over-Year Comparison

	2023	2022	Change
Revenue	$46,425,596	$12,765,811	+2.6%
Expenses	$7,344,129	$7,313,269	+0.0%
Net Income	$39,081,467	$5,452,542	+6.2%

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

$305,570

Total Directors

$770,078

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WAHEED ERAKY MD	TRUSTEE	55.0	Director	$0	$44,881	$762,653
CAITLIN R OLSON	VP DEVELOPMENT	55.0	Officer	$0	$18,336	$305,570
ANIL K SHARMA MD	TRUSTEE	10.0	Director	$0	$0	$7,425
CLAIRE M KNOPF	CHAIR - TRUSTEE	1.0	Officer Director	$0	$0	$0
JAY GRUNIN	VICE CHAIR - TRUSTEE	1.0	Officer Director	$0	$0	$0
BONNIE KLEIN	VICE CHAIR - TRUSTEE	1.0	Officer Director	$0	$0	$0
MARIO A MONELLO	secretary - TRUSTEE	1.0	Officer Director	$0	$0	$0
ANDREA Z AIKINS	TRUSTEE	1.0	Director	$0	$0	$0
CHRISTINA ALFONSO-ERCAN	TRUSTEE	1.0	Director	$0	$0	$0
GARY CHROPUVKA	TRUSTEE	1.0	Director	$0	$0	$0
CAROLYN DEFORTE-WASSERFALL	TRUSTEE	1.0	Director	$0	$0	$0
MEGHAN DEL PRIORE	TRUSTEE	1.0	Director	$0	$0	$0
CAROLYN DESENA	TRUSTEE	1.0	Director	$0	$0	$0
WARREN DIAMOND	TRUSTEE	1.0	Director	$0	$0	$0
DAYNA GOLD	TRUSTEE	1.0	Director	$0	$0	$0
DENNIS KELLY	TRUSTEE	1.0	Director	$0	$0	$0
BARRIE KNEE	TRUSTEE	1.0	Director	$0	$0	$0
NOEL MIHALOW	TRUSTEE	1.0	Director	$0	$0	$0
KERRIN O'BRIEN	TRUSTEE	1.0	Director	$0	$0	$0
PATRICK P SCIRE	TRUSTEE	1.0	Director	$0	$0	$0
WILLIAM THYGESON	TRUSTEE	1.0	Director	$0	$0	$0
VINCENT TIZZIO	TRUSTEE	1.0	Director	$0	$0	$0
DANIEL WHALEN	TRUSTEE	1.0	Director	$0	$0	$0
MAURICE ZEKARIA	TRUSTEE	1.0	Director	$0	$0	$0
GLENN MILLER	RWJBH CHIEF DEV. OFFICER	0.0	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	No data	No data	No data	No data
2023	$46,425,596	$7,344,129	$89,374,344	$39,081,467
2022	$12,765,811	$7,313,269	$49,472,893	$5,452,542
2021	$18,905,693	$13,925,274	$47,507,975	$4,980,419
2020	$9,224,959	$17,240,647	$41,292,369	$-8,015,688
2019	$9,732,125	$4,269,381	$48,606,158	$5,462,744
2018	$13,610,150	$3,435,408	$42,300,915	$10,174,742

MONMOUTH MEDICAL CENTER FOUNDATION INC