Bacharach Hospital Foundation Inc

EIN: 223049576 501(c)(3) Health Care

Pomona, NJ

Total Revenue
$2,743,223
Total Expenses
$6,092,807
Total Assets
$26,294,990
Net Assets
$26,223,599
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
NJ
Principal Officer
Philip Perskie
Phone
6097485466
Tax Period
2023-01-01 to 2023-12-31

Bacharach Hospital Foundation Inc, founded in 1990, is a community nonprofit in the Health Care sector that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 141% from the prior year, signaling strong growth momentum. Expenses of $6.1M exceeded revenue, resulting in a 122% operating deficit.

Mission

The Foundation was organized for the purpose of obtaining, expending and applying funds and property for the benefit of Bacharach Institute for Rehabilition (an exempt public charity).

Program Service Accomplishments

Program 1
Expenses: $6,000,000

The Foundation supports the ongoing efforts of Bacharach Institute for Rehabilitation (an exempt public charity) in providing the highest quality care to the public.

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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 $118,741
Program Service Revenue $0
Investment Income $2,613,662
Other Revenue $10,820
TOTAL REVENUE $2,743,223

Expense Breakdown

Grants Paid $6,000,000
Salaries & Benefits $0
Fundraising Expenses $3,251
Program Expenses $6,000,000
Other Expenses $92,807
TOTAL EXPENSES $6,092,807

Year-over-Year Comparison

2023 2022 Change
Revenue $2,743,223 $1,136,383 +1.4%
Expenses $6,092,807 $3,087,941 +1.0%
Net Income $-3,349,584 $-1,951,558 +0.7%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
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
1
$140,517
Total Directors
9
$140,517
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard J Kathrins President 1.00
Officer Director
$0 $5,494 $140,517
Philip Perskie Chairperson 1.00
Director
$0 $0 $0
Roy Goldberg Vice Chairperson & Secretary 1.00
Director
$0 $0 $0
Philip DiBeradino Treasurer 1.00
Director
$0 $0 $0
James Lees Director 1.00
Director
$0 $0 $0
Doortja Fenwick Director 1.00
Director
$0 $0 $0
Ronald Rossi Director 1.00
Director
$0 $0 $0
Lawrence Naame MD Director 1.00
Director
$0 $0 $0
Michael Fedorko Director 1.00
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 $2,743,223 $6,092,807 $26,294,990 $-3,349,584
2022 $1,136,383 $3,087,941 $29,517,796 $-1,951,558
2021 $2,558,609 $3,480,622 $35,602,333 $-922,013
2020 $3,320,261 $4,331,491 $36,998,355 $-1,011,230
2019 $2,131,638 $4,649,391 $36,988,200 $-2,517,753
2018 $4,370,871 $3,714,366 $36,568,945 $656,505
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