LANKENAU MEDICAL CENTER FOUNDATION (EIN 232176723) - 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

Kathleen Galbraith President

Phone

4844763403

Tax Period

2023-07-01 to 2024-06-30

LANKENAU MEDICAL CENTER FOUNDATION, founded in 1981, is a mid-sized nonprofit in the Health Care sector that reported $27.3M in total revenue in fiscal year 2023. Revenue surged 117% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.5M, a strong 27% operating margin.

Mission

Provides fundraising and development activities to support lankenau medical center & Lankenau Institute for Medical Research.

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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 $5,753,082

Program Service Revenue $0

Investment Income $21,317,657

Other Revenue $266,814

TOTAL REVENUE $27,337,553

Expense Breakdown

Grants Paid $17,986,845

Salaries & Benefits $0

Fundraising Expenses $1,305,784

Program Expenses $17,986,845

Other Expenses $1,836,809

TOTAL EXPENSES $19,823,654

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,337,553	$12,576,070	+1.2%
Expenses	$19,823,654	$18,383,180	+0.1%
Net Income	$7,513,899	$-5,807,110	-2.3%

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

143

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

$2,802,453

Total Directors

$6,645,283

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN J LYNCH III	EX-OFFICIO TRUSTEE	1.0	Director	$0	$418,770	$3,006,096
MICHAEL J BUONGIORNO	TREASURER (UNTIL DEC 2023)	1.0	Officer	$0	$43,357	$1,254,234
FRANCIS SUTTER	TRUSTEE	1.0	Director	$0	$38,696	$1,086,233
Frank C McGeehin III MD	TRUSTEE	1.0	Director	$0	$46,505	$1,002,598
KATHLEEN GALBRAITH	PRES/EX-OFF TTEE	1.0	Officer Director	$0	$131,765	$956,765
PAUL COADY	EX-OFFICIO TRUSTEE	1.0	Director	$0	$38,826	$593,591
FARAH MAHMUD	TREASURER (START MAY 2024)	1.0	Officer	$0	$22,039	$248,817
KATHRYN BEDDIS	EXECUTIVE DIRECTOR	1.0	Officer	$0	$26,511	$236,845
ANNE LAUER	SECRETARY	1.0	Officer	$0	$15,479	$105,792
CAROL CUTLER	TRUSTEE	1.0	Director	$0	$0	$0
JUSTIN DANILEWITZ	TRUSTEE	1.0	Director	$0	$0	$0
ARLIN GREEN	TRUSTEE	1.0	Director	$0	$0	$0
Peter H Havens	TRUSTEE	1.0	Director	$0	$0	$0
LEILA GORDON	TRUSTEE	1.0	Director	$0	$0	$0
JENNIFER NANSTEEL MD	TRUSTEE	1.0	Director	$0	$0	$0
THOMAS B MCCABE IV	TRUSTEE	1.0	Director	$0	$0	$0
PENNY WEINER	TRUSTEE	1.0	Director	$0	$0	$0
REV KRISTINE ANN PETERSON	TRUSTEE	1.0	Director	$0	$0	$0
MEGAN HOUDER	TRUSTEE	1.0	Director	$0	$0	$0
CLARE PUTNAM POZOS	TRUSTEE	1.0	Director	$0	$0	$0
ELIZABETH WILKINS	TRUSTEE	1.0	Director	$0	$0	$0
ALFRED W PUTNAM JR	CHAIRMAN & TRUSTEE	1.0	Officer Director	$0	$0	$0
MARTINI SHAW	TRUSTEE	1.0	Director	$0	$0	$0
STEVEN HIGGINS	EX-OFFICIO TRUSTEE	1.0	Director	$0	$0	$0
AUDREY KESE	EX-OFFICIO TRUSTEE	1.0	Director	$0	$0	$0
PATRICIA NOGAR	TRUSTEE	1.0	Director	$0	$0	$0
RANDY HSIA	TRUSTEE	1.0	Director	$0	$0	$0
RICHARD FRANKEL	TRUSTEE	1.0	Director	$0	$0	$0
SCOT FISHER DO	TRUSTEE	1.0	Director	$0	$0	$0
AARTI BIJLANI	TRUSTEE	1.0	Director	$0	$0	$0
JAMES FRANKLIN JARMAN	TRUSTEE	1.0	Director	$0	$0	$0
MELANIE BREAUX	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT HAVENS	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	No data	No data	No data	No data
2024	$27,337,553	$19,823,654	$499,235,491	$7,513,899
2023	$12,576,070	$18,383,180	$446,656,490	$-5,807,110
2022	$30,503,585	$20,319,610	$412,551,250	$10,183,975
2022	$30,503,585	$20,319,610	$412,551,250	$10,183,975
2021	$35,694,086	$14,182,926	$483,355,098	$21,511,160
2020	$17,885,122	$15,679,717	$379,963,408	$2,205,405
2019	$16,773,409	$16,858,011	$376,536,148	$-84,602
2018	$22,105,892	$14,972,825	$366,047,509	$7,133,067

LANKENAU MEDICAL CENTER FOUNDATION