NEWTON MEDICAL CENTER FOUNDATION (EIN 222618102) - 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

1985

Legal Domicile

Principal Officer

MICHAEL WALTER

Phone

9735798513

Tax Period

2023-01-01 to 2023-12-31

NEWTON MEDICAL CENTER FOUNDATION, founded in 1985, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.3M, a strong 61% operating margin.

Mission

To serve the philanthropic needs of Newton Medical Center and related entities.

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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 $1,384,950

Program Service Revenue $0

Investment Income $908,624

Other Revenue $-104,099

TOTAL REVENUE $2,189,475

Expense Breakdown

Grants Paid $343,855

Salaries & Benefits $345,747

Fundraising Expenses $107,220

Program Expenses $343,855

Other Expenses $171,541

TOTAL EXPENSES $861,143

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,189,475	$1,881,724	+0.2%
Expenses	$861,143	$828,257	+0.0%
Net Income	$1,328,332	$1,053,467	+0.3%

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

$9,840,613

Total Directors

$1,570,383

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Avondoglio	CHAIRMAN	2.00	Officer Director	$0	$0	$0
Robert Adams	Trustee-President, Western	2.00	Officer Director	$0	$146,989	$1,235,422
Megan Sandow	Trustee-Chief Dev Officer	2.00	Officer Director	$0	$30,355	$334,961
Salvatore Dispenziere III	Treasurer	2.00	Officer Director	$0	$0	$0
Buffie Dobbs	Trustee	2.00	Director	$0	$0	$0
Colleen Apter	Trustee	2.00	Director	$0	$0	$0
Larry Condit	Asst. Treasurer	2.00	Officer Director	$0	$0	$0
E Jane Brown	Trustee	2.00	Director	$0	$0	$0
George W Morville Jr	Trustee	2.00	Director	$0	$0	$0
Greg Nolan	Trustee	2.00	Director	$0	$0	$0
Jason Apter	Trustee	2.00	Director	$0	$0	$0
Jeffrey J Quinn	Trustee	2.00	Director	$0	$0	$0
Jo-Ellen McCracken Hazen	Trustee	2.00	Director	$0	$0	$0
Karl Wagner	Trustee	2.00	Director	$0	$0	$0
Kim Ferruggia	Trustee	2.00	Director	$0	$0	$0
Kurt Walton	Trustee	2.00	Director	$0	$0	$0
Thomas N Ryan Esq	Vice Chairman	2.00	Officer Director	$0	$0	$0
Mark Cummins	Trustee	2.00	Director	$0	$0	$0
Mary Waller	Trustee - Aux. Rep	2.00	Director	$0	$0	$0
Matthew Hannum	Trustee-Secretary	2.00	Officer Director	$0	$0	$0
Michael E Holenstein	Trustee	2.00	Director	$0	$0	$0
Michael Lanza Esq	Trustee	2.00	Director	$0	$0	$0
Richard Bourque	Trustee	2.00	Director	$0	$0	$0
Robert Masci MD FACC	Trustee	2.00	Director	$0	$0	$0
Donald Costlow DVM	Trustee	2.00	Director	$0	$0	$0
Suvid Chaudhari DO	Trustee	2.00	Director	$0	$0	$0
Daniel Leary	Trustee	2.00	Director	$0	$0	$0
David P Romano	Trustee	2.00	Director	$0	$0	$0
Michael Walter	SVP-Chief Financial Officer	2.00	Officer	$0	$137,577	$1,108,761
Kevin Lenahan	EVP-Chief Business & Strategy Officer	2.00	Officer	$0	$406,954	$7,161,469

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	$2,189,475	$861,143	$36,032,935	$1,328,332
2022	$1,881,724	$828,257	$30,900,027	$1,053,467
2021	$2,802,992	$1,569,896	$35,556,220	$1,233,096
2020	$1,599,297	$863,557	$30,491,515	$735,740
2019	$2,223,118	$1,859,099	$28,030,700	$364,019
2018	$1,653,802	$1,150,978	$23,599,860	$502,824

NEWTON MEDICAL CENTER FOUNDATION