Morristown, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Foundation for Morristown Medical Center, founded in 1995, is a mid-sized nonprofit in the Health Care sector that reported $28.6M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $7.3M, a strong 26% operating margin.
To inspire community philanthropy to advance exceptional health care for patients at Morristown Medical Center. The objective is to use philanthropy to preserve and expand the Medical Center's programs and services in patient care, clinical research, medical and public health education, and preventive medicine.
The Foundation for Morristown Medical Center (F4MMC) is a standalone foundation, which is a not-for-profit fundraising organization that solicits funds in its general appeal for the benefit and...
The Foundation for Morristown Medical Center (F4MMC) is a standalone foundation, which is a not-for-profit fundraising organization that solicits funds in its general appeal for the benefit and support of Atlantic Health System, Inc. and AHS Hospital Corporation (the Corporation), and all subsidiaries thereof. Morristown Medical Center is the principal recipient of the fundraising carried out by F4MMC.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $28,600,440 | $32,154,791 | -0.1% |
| Expenses | $21,294,598 | $13,238,552 | +0.6% |
| Net Income | $7,305,842 | $18,916,239 | -0.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Andrew Rooke Jr | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Anthony A Lombardo | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Shawn Bennan | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Brenda Matti-Orozco MD FACP | Trustee | 2.00 |
Director
|
$0 | $30,899 | $481,139 |
| Kelly Frank | Trustee-Treasurer | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Kathy Christie | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Chirag Patel | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Christine Gilfillan | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| David Taylor MD | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Eric Whitman MD | Trustee | 2.00 |
Director
|
$0 | $50,002 | $1,120,541 |
| Robert Coyne | Trustee | 2.00 |
Director
|
$0 | $30,947 | $939,362 |
| Glenn Yarnis | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Branee Fetherman | Trustee | 2.00 |
Director
|
$0 | $41,143 | $465,534 |
| Meghan Lyon | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| J Peter Simon | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| John Jack Burke III | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Monique Nelson | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Juliet Patsalos-Fox | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Carl Goldberg | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Kelly Sturman | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Keerti Sharma MD | Trustee | 2.00 |
Director
|
$0 | $26,902 | $367,831 |
| Keith Richardson | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Srinivas V Maddali | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Lori Ingber PHD | Trustee-Secretary | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Marc Adee | Trustee-Vice Chairman | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| John O'Grady MD | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Daniel Wiener | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Mary Courtemanche | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Patricia O'Keefe | SVP, CNE/Pres. MMC | 2.00 |
Officer
Director
|
$0 | $250,125 | $2,031,575 |
| Richard P Goryeb | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Robert Tafaro - Chairman | Trustee | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Thomas P Mac Mahon | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| W Rodman Ryan | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Walter Lewis MD | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| William D Bruen Jr | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Kathleen Ross | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Deborah Hanson | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Cynthia W O'Donnell | Director of Gift Planning | 55.00 |
Officer
|
$0 | $39,058 | $267,723 |
| Michael Walter | SVP-Chief Financial Office | 2.00 |
Officer
|
$0 | $137,577 | $1,108,761 |
| Jennifer Smith | Chief Development Offier | 55.00 |
Officer
|
$0 | $33,581 | $529,330 |
| Kevin Lenahan | EVP-Chief Business & Strat | 2.00 |
Officer
|
$0 | $406,954 | $7,161,469 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $28,600,440 | $21,294,598 | $200,857,010 | $7,305,842 |
| 2022 | $32,154,791 | $13,238,552 | $173,976,621 | $18,916,239 |
| 2021 | $31,511,180 | $11,731,974 | $194,034,598 | $19,779,206 |
| 2020 | $26,671,281 | $12,256,875 | $172,014,542 | $14,414,406 |
| 2019 | $28,655,949 | $13,242,303 | $160,123,203 | $15,413,646 |
| 2018 | $22,800,915 | $14,239,376 | $144,161,623 | $8,561,539 |
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