THE PRESBYTERIAN FOUNDATION FOR PHILADELPHIA

EIN: 222524368 501(c)(3) Health Care

Philadelphia, PA

Total Revenue
$27,240,989
Total Expenses
$4,964,429
Total Assets
$388,059,903
Net Assets
$388,059,903
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
PA
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

Within the teachings and example of Jesus Christ, to provide for the needs of the elderly, sick, disabled and disadvantaged without regard of race, color or creed, to encourage and support education and scientific research, to cooperate with other organizations having similar objectives, and to do all things which may best promote these objectives for the residents of Philadelphia, PA.

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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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
2
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
5
$1,271,587
Total Directors
3
$626,575
Key Employees
0
$0
Highest Compensated
0
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
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