THE PRESBYTERIAN FOUNDATION FOR PH… - Form 990 Financial Data

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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

Michael P DeMarco

Phone

2159514290

Tax Period

2023-07-01 to 2024-06-30

THE PRESBYTERIAN FOUNDATION FOR PHILADELPHIA, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $27.2M in total revenue in fiscal year 2023. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $22.3M, a strong 82% operating margin.

Mission

To provide financial support to NewCourtland (FID 23-2734102) in their care of the elderly, homeless and veterans. In addition, the organization provides executive leadership and strategic planning to NewCourtland and other affiliate organizations involved in elder care in Philadelphia -- nursing homes; elder, homeless and veteran housing; and community-based care for the elderly, homeless and veterans.

Program Service Accomplishments

Program 1

Expenses: $4,600,000 Revenue: $6,269,530

Executive leadership and strategic planning for affiliate organizations involved in elder care and the disadvantaged in Philadelphia - nursing homes, elder housing, senior centers, housing for...

Executive leadership and strategic planning for affiliate organizations involved in elder care and the disadvantaged in Philadelphia - nursing homes, elder housing, senior centers, housing for disadvantaged populations including veterans and the homeless.

Program 2

Expenses: $0 Revenue: $0

N/A

Program 3

Expenses: $0 Revenue: $0

None

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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 $27,240,989

Other Revenue $0

TOTAL REVENUE $27,240,989

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,600,000

Other Expenses $4,964,429

TOTAL EXPENSES $4,964,429

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,240,989	$13,454,877	+1.0%
Expenses	$4,964,429	$4,980,212	0.0%
Net Income	$22,276,560	$8,474,665	+1.6%

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

N/A

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

$1,271,587

Total Directors

$626,575

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Duffey	Chair, President & CEO	1	Officer Director	$0	$84,508	$478,953
Michael DeMarco	Assistant Treasurer	1	Officer	$0	$67,209	$334,298
Max R Kent	Assistant Secretary	1	Officer	$0	$63,956	$310,714
Mary Naylor	Secretary	1	Officer Director	$0	$0	$73,811
Stephen Mullin	Treasurer	1	Officer Director	$0	$0	$73,811

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	$27,240,989	$4,964,429	$388,059,903	$22,276,560
2023	$13,454,877	$4,980,212	$353,123,423	$8,474,665
2022	$16,376,348	$5,651,580	$325,884,947	$10,724,768
2021	$26,131,088	$3,272,057	$374,726,881	$22,859,031
2020	$7,040,932	$5,897,668	$306,066,951	$1,143,264
2019	$6,101,414	$1,886,825	$303,176,800	$4,214,589
2018	$6,193,716	$5,268,162	$290,953,019	$925,554

THE PRESBYTERIAN FOUNDATION FOR PHILADELPHIA