NAZARETH HEALTH CARE FOUNDATION

EIN: 232300951 501(c)(3)

PHILADELPHIA, PA

Total Revenue
$203,953
Total Expenses
$652,501
Total Assets
$2,309,246
Net Assets
$2,285,735
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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
1984
Legal Domicile
PA
Principal Officer
JAMES WOODWARD
Phone
2153556000
Tax Period
2018-07-01 to 2019-06-30

NAZARETH HEALTH CARE FOUNDATION, founded in 1984, is a small nonprofit that reported $204K in total revenue in fiscal year 2018. Revenue decreased 8% compared to the prior year. Expenses of $653K exceeded revenue, resulting in a 220% operating deficit.

Mission

TO PROVIDE SUPPORT FOR THE PROGRAMS OF NAZARETH HOSPITAL

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $127,400
Program Service Revenue $0
Investment Income $82,439
Other Revenue $-5,886
TOTAL REVENUE $203,953

Expense Breakdown

Grants Paid $652,501
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $652,501
Other Expenses $0
TOTAL EXPENSES $652,501

Year-over-Year Comparison

2018 2017 Change
Revenue $203,953 $221,321 -0.1%
Expenses $652,501 N/A N/A
Net Income $-448,548 $221,321 -3.0%
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

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Governance

Voting Members
7
Independent Members
5
Employees
N/A
Volunteers
5

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
5
$2,002,804
Total Directors
7
$1,527,045
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN CROUSHORE DIRECTOR; MHS PRESIDENT & CEO THR 6/19 1.00
Officer Director
$0 $65,270 $1,271,691
ANTHONY SZUSZCZEWICZ DIRECTOR; CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL JOSEPH PERILLI DIRECTOR; SECRETARY 1.00
Officer Director
$0 $0 $0
NANCY CHERONE DIRECTOR; EXEC DIR NAZARETH HOSPITAL 1.00
Director
$0 $10,898 $255,354
BRUCE MILLER DIRECTOR 1.00
Director
$0 $0 $0
MARY VASSALLO DIRECTOR 1.00
Director
$0 $0 $0
ROBERT WOLTJEN DIRECTOR 1.00
Director
$0 $0 $0
CATHERINE MIKUS SECRETARY; MHS GENERAL COUNSEL 1.00
Officer
$0 $93,449 $420,468
DAVID WAJDA TREASURER; MHS VP FINANCE ACUTE CARE 1.00
Officer
$0 $24,261 $310,645
MICHAEL HEMSLEY FORMER OFFICER; TRIN DEP GN CNSL 0.00
$0 $70,939 $880,687
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
2019 $203,953 $652,501 $2,309,246 $-448,548
2018 $221,321 No data $2,773,946 No data
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