HOLY NAME REAL ESTATE CORP (EIN 223412504) - 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

1995

Legal Domicile

Principal Officer

MICHAEL MARON

Phone

2018337016

Tax Period

2023-01-01 to 2023-12-31

HOLY NAME REAL ESTATE CORP, founded in 1995, is a community nonprofit in the Religion sector that reported $7.8M in total revenue in fiscal year 2023.

Mission

TO HOLD TITLE TO REAL PROPERTY TO SUPPORT THE CHARITABLE PURPOSES OF HOLY NAME MEDICAL CENTER, INC., A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION.

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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 $7,816,191

Investment Income $-13,947

Other Revenue $0

TOTAL REVENUE $7,802,244

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,700,042

Other Expenses $7,652,817

TOTAL EXPENSES $7,652,817

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,802,244	$7,410,288	+0.1%
Expenses	$7,652,817	$7,401,290	+0.0%
Net Income	$149,427	$8,998	+15.6%

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

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

$3,323,313

Total Directors

$3,156,982

Key Employees

$561,910

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Maron	Trustee - President & CEO HNMC	55.0	Officer Director	$0	$55,995	$2,402,083
Ryan Kennedy CPA	EVP/CFO, Assist. SEC/TREAS	55.0	Officer	$0	$164,696	$921,230
Steven L Mosser	EVP, Operations	55.0	Key Emp	$0	$59,564	$561,910
Randy Tartacoff MD	Trustee	55.0	Director	$0	$21,075	$323,285
David Butler MD	Trustee	55.0	Director	$0	$24,295	$221,832
Maureen C Donohue	Trustee	1.0	Director	$0	$20,965	$209,782
Joseph A Frascino MD	Chairperson - Trustee	1.0	Officer Director	$0	$0	$0
Fernando Garip	Vice Chairperson - Trustee	1.0	Officer Director	$0	$0	$0
John M Geraghty	Secretary - Trustee	1.0	Officer Director	$0	$0	$0
Ted A Carnevale CPA	Treasurer - Trustee	1.0	Officer Director	$0	$0	$0
Angelica Berrie	Trustee	1.0	Director	$0	$0	$0
Stephen Borg	Trustee	1.0	Director	$0	$0	$0
Dale A Creamer	Trustee	1.0	Director	$0	$0	$0
James Dowling	Trustee	1.0	Director	$0	$0	$0
Michael R Dressler Esq	Trustee	1.0	Director	$0	$0	$0
Sister Susan Francois	Trustee	1.0	Director	$0	$0	$0
Alexandra Garcia-Watts	Trustee	1.0	Director	$0	$0	$0
Daniel Leber	Trustee	1.0	Director	$0	$0	$0
Margarette Lee Esq	Trustee	1.0	Director	$0	$0	$0
Selwyn Levine MD	Trustee	1.0	Director	$0	$0	$0
Sister Antoinette Moore CSJP	Trustee	1.0	Director	$0	$0	$0
Paul Baker	TRUSTEE (TERM 03/31/2023)	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	$7,802,244	$7,652,817	$44,479,552	$149,427
2022	$8,998	No data	$47,522,064	No data
2021	$-1,115,747	No data	$46,409,408	No data
2020	$-550,860	No data	$38,824,716	No data
2019	$163,411	No data	$17,603,705	No data
2018	$-155,734	No data	$15,279,753	No data

HOLY NAME REAL ESTATE CORP