HUNTERDON HEALTHCARE FOUNDATION INC (EIN 222526895) - 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

1983

Legal Domicile

Principal Officer

PHILIPPE M BEEKMAN

Phone

9087886100

Tax Period

2023-01-01 to 2023-12-31

HUNTERDON HEALTHCARE FOUNDATION INC, founded in 1983, is a community nonprofit in the Health Care sector that reported $3.9M in total revenue in fiscal year 2023. Revenue surged 278% from the prior year, signaling strong growth momentum. Expenses of $5.5M exceeded revenue, resulting in a 40% operating deficit.

Mission

SEEKS GIFTS AND GRANTS FROM INDIVIDUALS, CORP'S, FDN.'S AND OTHER SOURCES TO ASSIST HUNTERDON MEDICAL CTR, HUNTERDON REG. COMM HEALTH & HUNTERDON HEALTHCARE SYSTEM.

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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 $2,944,014

Program Service Revenue $0

Investment Income $973,077

Other Revenue $527

TOTAL REVENUE $3,917,618

Expense Breakdown

Grants Paid $3,199,854

Salaries & Benefits $0

Fundraising Expenses $1,139,935

Program Expenses $3,199,854

Other Expenses $2,288,300

TOTAL EXPENSES $5,488,154

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,917,618	$1,035,070	+2.8%
Expenses	$5,488,154	$2,641,435	+1.1%
Net Income	$-1,570,536	$-1,606,365	0.0%

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

$2,546,506

Total Directors

$2,112,053

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK J GAVIN MPH MBA	TRUSTEE - HHS PRESIDENT/CEO	55.0	Officer Director	$0	$32,673	$1,411,660
HERBERT WHITE	HHS CFO	55.0	Officer	$0	$97,870	$710,620
JENNIFER MONTES MD	TRUSTEE	50.0	Director	$0	$38,932	$700,393
PHILIPPE M BEEKMAN	SENIOR VP	55.0	Officer	$0	$59,535	$424,226
SUZANNE SCHWANDA	CHAIR - TRUSTEE	1.0	Officer Director	$0	$0	$0
LOREN SPANN	VICE CHAIR - TRUSTEE	1.0	Officer Director	$0	$0	$0
KATE HUGHES	SECRETARY - TRUSTEE	1.0	Officer Director	$0	$0	$0
GREG MISCHKE	TREASURER - TRUSTEE	1.0	Officer Director	$0	$0	$0
BRUCE ADAM	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT BOGGIANO MD	TRUSTEE	1.0	Director	$0	$0	$0
LYNN COATES	TRUSTEE	1.0	Director	$0	$0	$0
ELLIOT DECKER MD	TRUSTEE	1.0	Director	$0	$0	$0
EDWARD J DOUGHERTY EDD	TRUSTEE	1.0	Director	$0	$0	$0
ELLEN LOCKER	TRUSTEE	1.0	Director	$0	$0	$0
JOHN MCGUIRE PHD	TRUSTEE	1.0	Director	$0	$0	$0
GEORGE MULLER	TRUSTEE	1.0	Director	$0	$0	$0
MEGHA A SHAH MD	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL B SILBER DO	TRUSTEE	1.0	Director	$0	$0	$0
EDWARD SPECTOR MD	TRUSTEE	1.0	Director	$0	$0	$0
CANDICE A TEUBER PHARMD	TRUSTEE	1.0	Director	$0	$0	$0
LAURIE TURENNE-KOLPAN MD	TRUSTEE	1.0	Director	$0	$0	$0
BRETT WALSH	TRUSTEE	1.0	Director	$0	$0	$0
DANIEL WRIGHT	TRUSTEE	1.0	Director	$0	$0	$0
JOHN BONK	TRUSTEE (TERM 5/23)	1.0	Director	$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	$3,917,618	$5,488,154	$16,209,736	$-1,570,536
2022	$1,035,070	$2,641,435	$18,327,122	$-1,606,365
2021	$4,347,670	$4,272,707	$18,740,215	$74,963
2020	$4,185,494	$3,481,775	$16,545,656	$703,719
2019	$3,341,762	$2,866,876	$18,263,541	$474,886
2018	$4,832,457	$3,411,528	$15,848,158	$1,420,929

HUNTERDON HEALTHCARE FOUNDATION INC