ST JOSEPH MEDICAL CENTER FOUNDATION

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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

1990

Legal Domicile

Principal Officer

JOSEPH FRANK

Phone

6103782300

Tax Period

2023-07-01 to 2024-06-30

ST JOSEPH MEDICAL CENTER FOUNDATION, founded in 1990, is a small nonprofit that reported $273K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $3.2M exceeded revenue, resulting in a 1071% operating deficit.

Mission

THE MISSION OF THE CORPORATION IS TO SUPPORT ST. JOSEPH REGIONAL HEALTH NETWORK'S (SJHRN) MISSION OF THE PROVISION OF HEALTHCARE. THE MISSION OF THE CORPORATION IS TO NURTURE THE HEALING MINISTRY OF THE CHURCH, SUPPORTED BY EDUCATION AND RESEARCH. (SEE SCHEDULE O)

Program Service Accomplishments

Program 1

Expenses: $3,167,636 Revenue: $0

ST. JOSEPH MEDICAL CENTER FOUNDATION WAS ESTABLISHED IN 1990 AS A CHARITABLE, NOT-FOR-PROFIT CORPORATION CREATED TO SUPPORT THE MISSION AND, SPECIFICALLY, THE SERVICES OF ST. JOSEPH REGIONAL HEALTH NETWORK (AKA PENN STATE HEALTH ST. JOSEPH MEDICAL CENTER). THE FOUNDATION IS A QUALIFIED NON-PROFIT ORGANIZATION WHOSE PURPOSES ARE WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. WORKING COLLABORATIVELY WITH THE ST. JOSEPH MEDICAL CENTER BOARD OF DIRECTORS AND THE PARENT CORPORATION, PENN STATE HEALTH, THE FOUNDATION SUPPORTS ST. JOSEPH REGIONAL HEALTH NETWORK BY ENGAGING IN FUNDRAISING AND PROVIDING FINANCIAL SUPPORT AND BY ADMINISTERING AND INVESTING FUNDS FOR ITS BENEFIT, ALL IN ORDER TO ASSIST THE MEDICAL CENTER IN CARRYING OUT ITS SECTION 501(C)(3) CHARITABLE HEALTH MISSION (SEE SCHEDULE O) (CONTINUED):BY ENHANCING THE DELIVERY OF HEALTH CARE SERVICES AND IMPROVING COMMUNITY HEALTH.

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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 $185,873

Program Service Revenue $0

Investment Income $87,038

Other Revenue $0

TOTAL REVENUE $272,911

Expense Breakdown

Grants Paid $3,167,636

Salaries & Benefits $0

Fundraising Expenses $468

Program Expenses $3,167,636

Other Expenses $29,208

TOTAL EXPENSES $3,196,844

Year-over-Year Comparison

	2023	2022	Change
Revenue	$272,911	$329,889	-0.2%
Expenses	$3,196,844	$2,430,511	+0.3%
Net Income	$-2,923,933	$-2,100,622	+0.4%

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

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

$994,540

Total Directors

$1,001,783

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH FRANK	PRESIDENT	1.00	Officer Director	$0	$51,642	$630,479
SHEILAH A BORNE	BOARD MEMBER (PSU EMP)	1.00	Director	$0	$120,413	$371,304
GRETCHEN NASO	BOARD MEMBER/CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT R BURKY	BOARD MEMBER/VICE CHAIR	1.00	Officer Director	$0	$0	$0
KIM HIPPERT-EVERSGERD	BOARD MEMBER/SECRETARY	1.00	Officer Director	$0	$0	$0
KAREN ARNOLD	BOARD MEMBER	1.00	Director	$0	$0	$0
GLENN S CORBIN	BOARD MEMBER	1.00	Director	$0	$0	$0
GINA DELILLO	BOARD MEMBER	1.00	Director	$0	$0	$0
JACK R GOMBACH	DIRECTOR (AS OF 07/23)	1.00	Director	$0	$0	$0
BRENTON HAUPT	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK C KUNKLE	BOARD MEMBER	1.00	Director	$0	$0	$0
HELEN NAJARIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDY RAIFSNIDER	BOARD MEMBER	1.00	Director	$0	$0	$0
TIMOTHY ROMIG	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD CHABALOWSKI	TREASURER/CFO	1.00	Officer	$0	$60,188	$364,061
JIM BENNETT	FMR DIR/OFF (THRU 6/23)	1.00		$0	$15,504	$292,635

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	$272,911	$3,196,844	$16,733,775	$-2,923,933
2023	$329,889	$2,430,511	$17,939,017	$-2,100,622
2022	$2,340,041	$988,037	$18,232,817	$1,352,004
2021	$3,392,576	$2,526,371	$21,639,745	$866,205
2020	$1,702,906	$1,501,161	$18,799,154	$201,745
2019	$2,453,561	$1,374,362	$18,459,323	$1,079,199
2018	$2,124,359	$2,815,145	$17,153,890	$-690,786