ST MARY MEDICAL CENTER FOUNDATION … - 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

1989

Legal Domicile

Principal Officer

LARRY BRILLIANT

Phone

2157102000

Tax Period

2018-07-01 to 2019-06-30

ST MARY MEDICAL CENTER FOUNDATION INC, founded in 1989, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2018. Revenue fell 51% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $752K, a strong 23% operating margin.

Mission

WE, ST. MARY MEDICAL CENTER AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES. AS A COMMUNITY OF CARING PEOPLE, WE ARE COMMITTED TO EXTENDING AND STRENGTHENING THE HEALING MINISTRY OF JESUS.ST. MARY MEDICAL CENTER FOUNDATION (SMMC FOUNDATION) IS A MEMBER OF ST. MARY MEDICAL CENTER (SMMC) AND TRINITY HEALTH.

Program Service Accomplishments

Program 1

Expenses: $230,589 Revenue: $266,258

ST. MARY MEDICAL CENTER FOUNDATION (SMMC FOUNDATION), LOCATED IN LANGHORNE, PA, WAS FOUNDED TO SUPPORT THE CHARITABLE GOALS OF ST. MARY MEDICAL CENTER AND ITS SUBSIDIARIES.THE FOUNDATION RAISED OVER $1 MILLION IN FISCAL YEAR 2019. THE FOUNDATION HELPS TO ACCOMPLISH THE PRIORITIES OF ST. MARY THROUGH FUNDRAISING, VOLUNTEERISM, GIFT MANAGEMENT AND STEWARDSHIP. DONORS PLAY AN INTEGRAL ROLE IN THE FUTURE OF ST. MARY AS IT STRIVES TO PROVIDE WORLD CLASS MEDICAL CARE IN BUCKS COUNTY. FOR MORE INFORMATION, SEE THE FOUNDATION WEBSITE AT WWW.STMARYFOUNDATION.ORG.

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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 $1,637,236

Program Service Revenue $0

Investment Income $659,707

Other Revenue $926,319

TOTAL REVENUE $3,223,262

Expense Breakdown

Grants Paid $230,589

Salaries & Benefits $947,435

Fundraising Expenses $1,966,220

Program Expenses $230,589

Other Expenses $1,293,065

TOTAL EXPENSES $2,471,089

Year-over-Year Comparison

	2018	2017	Change
Revenue	$3,223,262	$6,541,959	-0.5%
Expenses	$2,471,089	$4,411,492	-0.4%
Net Income	$752,173	$2,130,467	-0.6%

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

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

$2,258,984

Total Directors

$978,092

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM WOODWARD	SMMC CEO; THMA PRES/CEO AT 9/18	2.00	Officer Director	$0	$205,901	$978,092
HOWARD HOPENWASSER DMD	DIRECTOR; CHAIR	1.00	Officer Director	$0	$0	$0
JOHN FOLZ	DIRECTOR; VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHARLENE SCHWARTZ	DIRECTOR THROUGH 12/18; ASST SEC	1.00	Officer Director	$0	$0	$0
THOMAS BELL	DIRECTOR; ASST TREAS	1.00	Officer Director	$0	$0	$0
BRIAN BENTLEY	DIRECTOR	1.00	Director	$0	$0	$0
TALYANA BROMBERG ESQ	DIRECTOR THROUGH 1/19	1.00	Director	$0	$0	$0
ERICH EVERTS MD	DIRECTOR	1.00	Director	$0	$0	$0
PAT FIEDLER	DIRECTOR	1.00	Director	$0	$0	$0
LEN FRANCKOWIAK	DIRECTOR	1.00	Director	$0	$0	$0
VINCENT MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN TORRENTE ESQ	DIRECTOR	1.00	Director	$0	$0	$0
LARRY BRILLIANT	CMO; SMMC PRESIDENT AS OF 11/18	2.00	Officer	$41,145	$70,248	$652,392
JAMES GREEN	VP & CHIEF OF DEVELOPMENT AT 5/19	50.00	Officer	$0	$0	$0
KAREN O'DONNELL	INTERIM VP/EXEC DIR FND THR 12/18	50.00	Officer	$111,057	$30,673	$141,730
MARYANNE SPALLUCCI	SVP FINANCE & TREASURER	2.00	Officer	$18,529	$22,908	$410,781
MARGIE ZIMMERMAN	SECRETARY	40.00	Officer	$71,682	$4,307	$75,989
JESSICA CARSWELL	DIR OF CORP/FOUNDATION RELATIONS	40.00	Highest	$106,465	$29,201	$135,666
BETHANY GREGG	DIR OF DEVELOPMENT & MAJOR GIFTS	40.00	Highest	$112,731	$30,178	$142,909
DANIEL MOEN	FORMER OFFICER; SFMC TREN PRES/CEO	0.00		$0	$46,595	$663,234
SHARON PROFERA	FRMR OFFICER; ADM DIR, ACCTG/FINANCE	0.00		$193,657	$40,707	$234,364

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	$3,223,262	$2,471,089	No data	$752,173
2018	$6,541,959	$4,411,492	$33,411,368	$2,130,467

ST MARY MEDICAL CENTER FOUNDATION INC