MARWORTH (EIN 232171417) - 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

1981

Legal Domicile

Principal Officer

TERRY GILLILAND MD JD

Phone

5702716624

Tax Period

2023-01-01 to 2023-12-31

MARWORTH, founded in 1981, is a mid-sized nonprofit in the Mental Health sector that reported $14.0M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

STRIVE TO MAKE BETTER HEALTH EASIER BY PROVIDING ACCESS TO AFFORDABLE, HIGH QUALITY HEALTH SERVICES THROUGH EQUITABLE, INNOVATIVE, AND INCLUSIVE CARE MODELS THAT SUPPORT PATIENT CARE, EDUCATION, RESEARCH, & COMMUNITY SERVICE.

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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 $62,544

Program Service Revenue $13,780,547

Investment Income $104,107

Other Revenue $81,628

TOTAL REVENUE $14,028,826

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,796,814

Fundraising Expenses $0

Program Expenses $13,016,533

Other Expenses $6,650,836

TOTAL EXPENSES $14,447,650

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,028,826	$12,276,405	+0.1%
Expenses	$14,447,650	$13,807,792	+0.0%
Net Income	$-418,824	$-1,531,387	-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

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

134

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

$12,370,272

Total Directors

$9,820,718

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAEWON RYU MD JD	PRESIDENT, D	N/A	Officer Director	$0	$1,571,914	$7,064,026
KEVIN V ROBERTS MBA CPA	EVP, CFO, TR	N/A	Officer	$0	$60,007	$3,648,273
MATTHEW WALSH	DIRECTOR	N/A	Director	$0	$314,234	$1,814,302
STEVEN B BENDER ESQUIRE	EVP, CLO, SE	N/A	Officer	$0	$246,564	$1,255,549
GERALD V MALONEY DO	DIRECTOR	N/A	Director	$0	$127,061	$942,390
LORI R GRAMLEY ESQUIRE	ACLO, ASST.	N/A	Officer	$0	$47,949	$402,424
MICHAEL W OGDEN MPH BAP	EXECUTIVE DI	40.00	Highest	$208,809	$25,340	$234,149
CYNTHIA SUPINSKI RN	INPATIENT RN	40.00	Highest	$117,589	$23,867	$141,456
DEBRA HAWLEY RN	INPATIENT RN	40.00	Highest	$116,532	$19,413	$135,945
RUTHANNE KOONRAD RN	FORMER 5 HIG	N/A		$0	$6,457	$128,682
LORI PHILLIPS RN	OPS MANAGER,	40.00	Highest	$113,298	$14,098	$127,396
SHERILL KWIATKOWSKI RN	INPATIENT RN	40.00	Highest	$112,920	$6,947	$119,867
JEFFREY A JACOBSON	CHAIR, DIREC	0.25	Director	$0	$0	$0
BENJAMIN K CHU MD MPH MACP	DIRECTOR	0.25	Director	$0	$0	$0
VIRGINIA MCGREGOR	DIRECTOR	0.25	Director	$0	$0	$0
V CHRIS HOLCOMBE PE	VICE CHAIR,	0.25	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	$14,028,826	$14,447,650	$7,846,218	$-418,824
2022	$12,276,405	$13,807,792	$5,536,521	$-1,531,387
2021	$11,322,456	$12,296,192	$7,267,460	$-973,736
2020	$5,526,248	$5,918,873	$6,460,622	$-392,625
2020	$11,362,298	$12,120,629	$6,159,376	$-758,331
2019	$12,046,054	$12,724,304	$6,970,261	$-678,250
2018	$14,378,323	$13,081,466	$8,350,826	$1,296,857

MARWORTH