St Vincent's Medical Center Founda… - 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

1984

Legal Domicile

Principal Officer

William Jennings

Phone

8606963563

Tax Period

2023-10-01 to 2024-09-30

St Vincent's Medical Center Foundation Inc, founded in 1984, is a community nonprofit in the Health Care sector that reported $4.2M in total revenue in fiscal year 2023. Revenue surged 137% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 52% operating margin.

Mission

None

Program Service Accomplishments

Program 1

Expenses: $1,662,031

During the fiscal year ended September 30, 2024, St. Vincent's Medical Center Foundation, Inc. released approximately $1,662,000 to its affiliate SVMC Holdings, Inc. dba St. Vincent's Medical Center. This funding assisted in paying both operating and capital needs of St. Vincent's Medical Center.

Program 2

Expenses: $41,321

During the fiscal year ended September 30, 2024, St. Vincent's Medical Center Foundation, Inc. provided approximately $41,000 in funding to support the capital and operating needs of its affiliate...

During the fiscal year ended September 30, 2024, St. Vincent's Medical Center Foundation, Inc. provided approximately $41,000 in funding to support the capital and operating needs of its affiliate, St. Vincent's Special Needs Center, Inc.

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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 $4,245,572

Other Revenue $0

TOTAL REVENUE $4,245,572

Expense Breakdown

Grants Paid $1,703,352

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,703,352

Other Expenses $324,501

TOTAL EXPENSES $2,027,853

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,245,572	$1,794,977	+1.4%
Expenses	$2,027,853	$1,947,238	+0.0%
Net Income	$2,217,719	$-152,261	-15.6%

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

N/A

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

$4,283,937

Total Directors

$5,772,353

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Jennings	Director and Chair	2.00	Officer Director	$0	$191,193	$1,665,318
Jeffrey Cohen	Director and President (eff 4/2024)	2.00	Officer Director	$0	$85,698	$1,531,039
Michael Daglio	Director and President (Thru 04/2024)	2.00	Director	$0	$188,591	$1,488,416
Gerald Boisvert	Director and Treasurer	2.00	Officer Director	$0	$66,316	$1,087,580
Vincent DiBattista	Former Director and CEO (Thru 7/21)	0.00		$0	$0	$20,312

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	$4,245,572	$2,027,853	$50,035,227	$2,217,719
2023	$1,794,977	$1,947,238	$42,184,723	$-152,261
2022	$1,442,980	$2,148,075	$37,176,667	$-705,095
2021	$2,548,614	$2,499,793	$44,898,008	$48,821
2020	$2,430,521	$6,351,721	$41,169,944	$-3,921,200
2019	$4,401,254	$5,154,249	$38,344,112	$-752,995
2018	$6,979,435	$6,735,243	$48,406,433	$244,192

St Vincent's Medical Center Foundation Inc