GEISINGER JERSEY SHORE HOSPITAL FO… - 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

1987

Legal Domicile

Principal Officer

JAEWON RYU MD JD

Phone

5702716624

Tax Period

2018-07-01 to 2019-06-30

GEISINGER JERSEY SHORE HOSPITAL FOUNDATION, founded in 1987, is a small nonprofit that reported $289K in total revenue in fiscal year 2018. Revenue fell 92% from the prior year — a significant decline worth monitoring.

Mission

GEISINGER JERSEY SHORE HOSPITAL FOUNDATION STRIVES TO BE THE COMMUNITY'S FOUNDATION FOR INNOVATIVE, PATIENT-CENTERED CARE.

Program Service Accomplishments

Program 1

Expenses: $286,648 Revenue: $289,450

GEISINGER JERSEY SHORE HOSPITAL FOUNDATION (GJSHF) OPERATED AN AMBULATORY CARE PROGRAM, PHYSICIAN SERVICES, AND AN URGENT CARE CENTER. UNCOMPENSATED CARE: GJSHF RECOGNIZES THAT ITS MISSION IS TO...

GEISINGER JERSEY SHORE HOSPITAL FOUNDATION (GJSHF) OPERATED AN AMBULATORY CARE PROGRAM, PHYSICIAN SERVICES, AND AN URGENT CARE CENTER. UNCOMPENSATED CARE: GJSHF RECOGNIZES THAT ITS MISSION IS TO SERVE ALL THE MEMBERS OF THE COMMUNITY WITH RESPECT TO THE PROVISION OF HEALTHCARE SERVICES AND EDUCATION. GJSHF PROVIDES QUALITY MEDICAL HEALTHCARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE OR ABILITY TO PAY. IN THIS REGARD GJSHF PROVIDES FREE OR SUBSIDIZED CARE BELOW COST AND SUPPORTS VARIOUS HEALTH ACTIVITIES AND PROGRAMS IN SUPPORT OF THE COMMUNITY. A. MEDICARE/MEDICAID/OTHER GOVERNMENTAL RECOGNIZING ITS MISSION TO THE COMMUNITY, SERVICES ARE PROVIDED TO THE ELDERLY (MEDICARE) AND THE POOR (MEDICAID). GJSHF PROVIDES CARE BELOW COST TO PERSONS COVERED BY THESE GOVERNMENTAL PROGRAMS. TO THE EXTENT REIMBURSEMENT IS BELOW THE COST OF PROVIDING HEALTHCARE, GJSHF IS FURTHERING ITS CHARITABLE MISSION. THE UNREIMBURSED VALUE OF MEDICARE, MEDICAID AND OTHER GOVERNMENTAL PAYERS IS EQUAL TO THE COST OF PROVIDING SERVICES LESS THE AMOUNT RECEIVED AS REIMBURSEMENT UNDER THE PROGRAM. FOR FISCAL YEAR 2019, THE UNREIMBURSED COST OF PROVIDING CARE TO THESE PATIENTS WAS 16,866. COMMUNITY BENEFIT SUMMARY MEDICARE/MEDICAID/OTHER GOVERNMENTAL 16,866 TOTAL COMMUNITY SERVICE 16,866

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $170,328

Investment Income $3

Other Revenue $119,122

TOTAL REVENUE $289,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,352

Fundraising Expenses $0

Program Expenses $286,648

Other Expenses $282,098

TOTAL EXPENSES $289,450

Year-over-Year Comparison

	2018	2017	Change
Revenue	$289,453	$3,492,731	-0.9%
Expenses	$289,450	$5,962,008	-1.0%
Net Income	$3	$-2,469,277	-1.0%

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

Governance

Voting Members

Independent Members

Employees

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

$9,786,720

Total Directors

$8,679,337

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID T FEINBERG MD MBA	PRESIDENT, D	N/A	Officer Director	$0	$1,183,261	$4,767,882
ROBERT J DIETZ	CHAIR, DIREC	0.25	Director	$0	$0	$0
V CHRIS HOLCOMBE PE	VICE CHAIR,	0.25	Director	$0	$0	$0
VIRGINIA MCGREGOR	DIRECTOR	0.25	Director	$0	$0	$0
JEFFREY A JACOBSON	DIRECTOR	0.25	Director	$0	$0	$0
JAEWON RYU MD JD	INTERIM PRES	N/A	Officer Director	$0	$305,781	$1,727,877
GERALD V MALONEY DO	DIRECTOR	N/A	Director	$0	$108,385	$667,512
EDELYN L MILLER	DIRECTOR	N/A	Director	$0	$267,108	$1,516,066
KEVIN V ROBERTS MBA CPA	EVP, CFO, TR	N/A	Officer	$0	$345,222	$1,478,038
DAVID J FELICIO ESQUIRE	EVP, CLO, SE	N/A	Officer	$0	$219,341	$1,137,874
DANIEL E LOHR ESQUIRE	ACLO, ASST S	N/A	Officer	$0	$45,980	$430,262
LORI R GRAMLEY ESQUIRE	ACLO, ASST S	N/A	Officer	$0	$24,771	$244,787
DUANE F TULL MD	FORMER 5 HIG	N/A		$0	$39,886	$479,199
REYNALDO CORNEL MD	FORMER 5 HIG	N/A		$0	$21,238	$316,787
STEPHEN GOYKOVICH DO	FORMER 5 HIG	N/A		$0	$27,778	$337,562
NIGELLE PINTO MD	FORMER 5 HIG	N/A		$0	$34,212	$272,501
RONALD EISTER MD	FORMER 5 HIG	N/A		$0	$34,310	$278,428
KEVIN F BRENNAN CPA FHFMA	FORMER OFFIC	N/A		$0	$29,604	$1,049,856
MARK RICE	FORMER OFFIC	N/A		$0	$5,712	$110,065
THOMAS C CONNOLLY MD	FORMER 5 HIG	N/A		$0	$39,146	$639,109

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	$289,453	$289,450	$4,984	$3
2018	$3,492,731	$5,962,008	$262,821	$-2,469,277

GEISINGER JERSEY SHORE HOSPITAL FOUNDATION