SAINT BARNABAS REALTY DEVELOPMENT CORPORATION (EIN 222940008) - 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

1987

Legal Domicile

Principal Officer

WILLIAM CUTHILL

Phone

9733224032

Tax Period

2023-01-01 to 2023-12-31

SAINT BARNABAS REALTY DEVELOPMENT CORPORATION, founded in 1987, is a community nonprofit in the Health Care sector that reported $5.2M in total revenue in fiscal year 2023. Expenses of $6.6M exceeded revenue, resulting in a 27% operating deficit.

Mission

SUPPORTS COOPERMAN BARNABAS MEDICAL CENTER & OTHER RWJBH AFFILIATES; COORDINATES THE MGMT & OPERATION OF RENTAL SPACE OF PROPERTY OWNED AND RENTED BY RWJBH.

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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 $1,702,909

Investment Income $2,138,292

Other Revenue $1,341,090

TOTAL REVENUE $5,182,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,581,105

Other Expenses $6,581,105

TOTAL EXPENSES $6,581,105

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,182,291	$5,259,720	0.0%
Expenses	$6,581,105	$8,926,801	-0.3%
Net Income	$-1,398,814	$-3,667,081	-0.6%

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

Total Directors

$3,143,692

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID A MEBANE ESQ	TRUSTEE-RWJBH EVP/GEN COUNSEL	55.0	Director	$0	$363,599	$1,979,624
WILLIAM CUTHILL	TRUSTEE - RWJBH SVP FACILITIES	55.0	Director	$0	$236,685	$1,164,068
GARY V LOTANO	TRUSTEE	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	$5,182,291	$6,581,105	$52,437,238	$-1,398,814
2022	$5,259,720	$8,926,801	$101,070,162	$-3,667,081
2021	$4,843,393	$9,498,748	$105,536,952	$-4,655,355
2020	$3,659,115	$8,058,158	$115,783,106	$-4,399,043
2019	$3,763,921	$8,355,261	$115,768,373	$-4,591,340
2018	$3,033,109	$6,536,365	$120,390,921	$-3,503,256

SAINT BARNABAS REALTY DEVELOPMENT CORPORATION