THE ARNOLD GOLD FOUNDATION

EIN: 223052098 501(c)(3)

FORT LEE, NJ

Total Revenue
$2,834,315
Total Expenses
$3,991,834
Total Assets
$12,847,330
Net Assets
$12,370,720
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
NJ
Principal Officer
Kathleen Reeves MD
Phone
2015677999
Tax Period
2023-01-01 to 2023-12-31

THE ARNOLD GOLD FOUNDATION, founded in 1988, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $4.0M exceeded revenue, resulting in a 41% operating deficit.

Mission

The Gold Foundation champions humanism in healthcare, which we define as compassionate, collaborative, and scientifically excellent care. (see schedule o for continuation)

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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 $2,538,166
Program Service Revenue $0
Investment Income $269,781
Other Revenue $26,368
TOTAL REVENUE $2,834,315

Expense Breakdown

Grants Paid $222,613
Salaries & Benefits $2,904,852
Fundraising Expenses $363,579
Program Expenses $3,379,173
Other Expenses $864,369
TOTAL EXPENSES $3,991,834

Year-over-Year Comparison

2023 2022 Change
Revenue $2,834,315 $3,271,920 -0.1%
Expenses $3,991,834 $3,670,700 +0.1%
Net Income $-1,157,519 $-398,780 +1.9%
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

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Governance

Voting Members
25
Independent Members
24
Employees
21
Volunteers
32

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
$1,087,867
Total Directors
28
$559,681
Key Employees
1
$234,454
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ben Rodriguez THRU 1023 SVP, CHIEF FINANCE & ADMIN OFF 40.0
Officer
$268,359 $29,653 $298,012
Kathleen Reeves MD PRESIDENT/CEO (As of 7/23) 40.0
Officer Director
$270,000 $18,529 $288,529
Richard Levin MD PRESIDENT/CEO (THRU 6/23) 40.0
Officer Director
$237,500 $33,652 $271,152
Elizabeth Cleek SVP, CHIEF OPERATING OFFICER 40.0
Key Emp
$216,292 $18,162 $234,454
Stuart Chizzik VP, Chief Dev. Off (THRU 9/23) 40.0
Officer
$216,300 $13,874 $230,174
Brianne Alcala AVP, Comm. Editor-in-Chief 40.0
Highest
$133,050 $9,961 $143,011
Diane Asciutto Chief of Staff 40.0
Highest
$103,960 $26,114 $130,074
Pia Pyne Miller SR. DIR., STRATEGY & BUS. DEV. 40.0
Highest
$102,983 $22,356 $125,339
Richard Sheerr chairman 5.0
Officer Director
$0 $0 $0
Jordan Cohen MD Chair emeritus 5.0
Officer Director
$0 $0 $0
Lisa Kravet Esq Vice Chairman 5.0
Officer Director
$0 $0 $0
Jeffrey L Saltzer Treasurer 5.0
Officer Director
$0 $0 $0
Wayne Riley Secretary 5.0
Officer Director
$0 $0 $0
Elaine Adler TRUSTEE (THRU 6/23) 5.0
Director
$0 $0 $0
Brian Benson MD TRUSTEE 5.0
Director
$0 $0 $0
Greg Cherr TRUSTEE (THRU 6/23) 5.0
Director
$0 $0 $0
Laurel Epstein TRUSTEE 5.0
Director
$0 $0 $0
Rosemarie Fisher TRUSTEE 5.0
Director
$0 $0 $0
Lorraine Frazier TRUSTEE 5.0
Director
$0 $0 $0
Sandra Gold TRUSTEE 5.0
Director
$0 $0 $0
Joe Greer TRUSTEE 5.0
Director
$0 $0 $0
Darrell Kirch TRUSTEE 5.0
Director
$0 $0 $0
Barbara Lee Trustee 5.0
Director
$0 $0 $0
Kimberly Manning TRUSTEE 5.0
Director
$0 $0 $0
Arthur H Rubenstein MBBCH TRUSTEE 5.0
Director
$0 $0 $0
Mark Seiden TRUSTEE 5.0
Director
$0 $0 $0
Patricia Sexton TRUSTEE (as of 6/23) 5.0
Director
$0 $0 $0
Lawrence G Smith MD MACP TRUSTEE 5.0
Director
$0 $0 $0
Eileen M Sullivan-Marx PHD TRUSTEE 5.0
Director
$0 $0 $0
George Thibault MD TRUSTEE 5.0
Director
$0 $0 $0
Alice Vilma TRUSTEE 5.0
Director
$0 $0 $0
Barry Waldorf ESQ TRUSTEE 5.0
Director
$0 $0 $0
Karen Watson TRUSTEE 5.0
Director
$0 $0 $0
Joseph Zuckerman MD TRUSTEE 5.0
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 $2,834,315 $3,991,834 $12,847,330 $-1,157,519
2022 $3,271,920 $3,670,700 $12,966,875 $-398,780
2021 $3,510,567 $3,014,916 $15,854,523 $495,651
2020 $2,891,004 $2,618,166 $14,634,263 $272,838
2019 $5,175,379 $3,074,813 $12,757,770 $2,100,566
2018 $3,250,185 $3,053,262 $10,853,993 $196,923
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