PRINCETON HEALTHCARE SYSTEM HOLDIN… - Form 990 Financial Data

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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

1996

Legal Domicile

Principal Officer

GUILHERME VALLADARES

Phone

6098537107

Tax Period

2024-07-01 to 2025-06-30

PRINCETON HEALTHCARE SYSTEM HOLDING INC, founded in 1996, is a community nonprofit in the Health Care sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 73% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $914K, a strong 86% operating margin.

Mission

THE ORGANIZATION ACTS AS THE TAX-EXEMPT PARENT HOLDING COMPANY OF A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM THAT PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT INCLUDED IN SCHEDULE O.

Program Service Accomplishments

Program 1

Expenses: $136,320 Revenue: $1,065,801

STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS AS THE PARENT ORGANIZATION OF A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM, PRINCETON HEALTHCARE SYSTEM HOLDING, INC. STRIVES TO CONTINUALLY DEVELOP AND OPERATE AN INTEGRATED HEALTHCARE DELIVERY SYSTEM WHICH PROVIDES A COMPREHENSIVE SPECTRUM OF HEALTHCARE SERVICES TO THE RESIDENTS OF CENTRAL NEW JERSEY AND THE SURROUNDING COMMUNITY. PRINCETON HEALTHCARE SYSTEM HOLDING, INC. ENSURES THAT ITS SYSTEM PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. IT LEADS THE REGION IN ENHANCING THE HEALTH AND WELLNESS OF EACH PERSON SERVED THROUGH PERSONALIZED, INNOVATIVE CARE AND EDUCATION. AS PART OF THE UNIVERSITY, HOLDING IS COMMITTED TO EXCELLENCE AND UPHOLDS THE "BE" STANDARDS OF THE UNIVERSITY TO: BE COMPASSIONATE BE PRESENT BE EMPOWERED BE COLLABORATIVE BE ACCOUNTABLE ----------

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,065,801

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,065,801

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $136,320

Other Expenses $151,467

TOTAL EXPENSES $151,467

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,065,801	$3,964,512	-0.7%
Expenses	$151,467	$2,416,181	-0.9%
Net Income	$914,334	$1,548,331	-0.4%

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

$4,827,989

Total Directors

$5,468,563

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN B MAHONEY	TRUSTEE - CEO-UPHS	1.0	Officer Director	$0	$374,377	$3,329,164
ROBERT VONDERHEIDE MD	TRUSTEE	1.0	Director	$0	$52,528	$1,186,473
JAMES G DEMETRIADES	TRUSTEE- PRESIDENT & CEO	1.0	Officer Director	$0	$97,875	$952,926
GUILHERME VALLADARES MBA	ASSISTANT TREASURER	1.0	Officer	$0	$31,044	$520,203
ROSEMARIE COSTAGLIOLA	ASSISTANT SECRETARY	5.0	Officer	$0	$29	$25,696
ANTHONY KUCZINSKI	TRUSTEE- CHAIRMAN	1.0	Officer Director	$0	$0	$0
CALVIN L BUTTS JR	TRUSTEE	1.0	Director	$0	$0	$0
HEATHER M VAN RAALTE MD	TRUSTEE	1.0	Director	$0	$0	$0
KIM PIMLEY	EX-OFFICIO TRUSTEE	1.0	Director	$0	$0	$0
LEONARD GROSSMAN MD	TRUSTEE - UNTIL 3/25	1.0	Director	$0	$0	$0
LORI FELDSTEIN	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL MARDY	TRUSTEE- TREASURER	1.0	Officer Director	$0	$0	$0
MYRON M GELLMAN	TRUSTEE - VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
PHILIP CARCHMAN	TRUSTEE - SECRETARY	1.0	Officer Director	$0	$0	$0
SAMIT HIRAWAT MD	TRUSTEE	1.0	Director	$0	$0	$0
W THOMAS GUTOWSKI MD	TRUSTEE	1.0	Director	$0	$0	$0
ALINE M HOLMES DNP MSN RN	TRUSTEE	1.0	Director	$0	$0	$0
WILLIAM G HYNICK JR	TRUSTEE	1.0	Director	$0	$0	$0
ELLIOT A KRAUSS MD	TRUSTEE	1.0	Director	$0	$0	$0
TARA OAKMAN PHD	TRUSTEE	1.0	Director	$0	$0	$0
ALEXANDER WOLFSON MD	TRUSTEE - UNTIL 3/25	1.0	Director	$0	$0	$0
DONALD HOFFMANN	EX-OFFICIO 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
2025	$1,065,801	$151,467	$3,919,304	$914,334
2024	No data	No data	No data	No data
2023	$2,345,047	$1,488,374	$6,045,704	$856,673
2022	$5,611,367	$2,394,648	$3,760,958	$3,216,719
2021	$4,945,868	$4,427,324	$6,543,173	$518,544
2020	$985,606	$1,790,913	$2,265,029	$-805,307
2019	$5,382,517	$7,873,858	$4,885,711	$-2,491,341

PRINCETON HEALTHCARE SYSTEM HOLDING INC