NEWCOURTLAND

EIN: 232734102 501(c)(3) Health Care

Philadelphia, PA

Total Revenue
$14,939,065
Total Expenses
$19,959,138
Total Assets
$172,483,677
Net Assets
$-33,411,183
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
PA
Principal Officer
Michael P DeMarco
Phone
2159514290
Tax Period
2024-07-01 to 2025-06-30

NEWCOURTLAND, founded in 1993, is a mid-sized nonprofit in the Health Care sector that reported $14.9M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $20.0M exceeded revenue, resulting in a 34% operating deficit.

Mission

Accelerate access to coordinated health, housing and social services for underserved populations. This is achieved through ongoing development of well trained and valued staff, investment in innovative solutions, and collaborations to build trust in the community.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,430,627
Program Service Revenue $2,608,120
Investment Income $4,886,013
Other Revenue $2,014,305
TOTAL REVENUE $14,939,065

Expense Breakdown

Grants Paid $343,743
Salaries & Benefits $6,589,891
Fundraising Expenses $0
Program Expenses $1,297,364
Other Expenses $13,025,504
TOTAL EXPENSES $19,959,138

Year-over-Year Comparison

2024 2023 Change
Revenue $14,939,065 $11,018,055 +0.4%
Expenses $19,959,138 $19,838,770 +0.0%
Net Income $-5,020,073 $-8,820,715 -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

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Governance

Voting Members
4
Independent Members
3
Employees
39
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
5
$1,317,369
Total Directors
4
$637,262
Key Employees
2
$603,957
Highest Compensated
6
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joseph Duffey Chairman of the Board 39
Officer Director
$400,316 $84,896 $485,212
Michael DeMarco CFO 39
Officer
$275,127 $76,464 $351,591
Robert Kent VP Operations & Plans 39
Officer
$254,187 $74,329 $328,516
Pamela Howard VP Health Services 39
Key Emp
$231,041 $73,576 $304,617
Paul Funaro VP Utilization Management 39
Key Emp
$233,193 $66,147 $299,340
Kevin Stewart Director of IT 35
Highest
$175,477 $31,237 $206,714
John Ungar Corporate Counsel and Director of Planning 20
Highest
$145,496 $29,889 $175,385
Stephen Grim Director of Accounting & Asset Management 20
Highest
$141,529 $24,582 $166,111
Tara Days Director of Human Resources 40
Highest
$135,115 $13,527 $148,642
Brenda Jackson Controller 39
Highest
$131,718 $13,527 $145,245
Alison Corter Director of Business Development 40
Highest
$136,424 $5,638 $142,062
Steve Mullin Treasurer 1
Officer Director
$76,025 $0 $76,025
Mary Naylor Secretary 1
Officer Director
$76,025 $0 $76,025
Neil Pitts Board Member 1
Director
$0 $0 $0
Andrew Seibert Assist. Secretary and Treasurer (Chief Financial Officer) 0
$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 $14,939,065 $19,959,138 $172,483,677 $-5,020,073
2024 No data No data No data No data
2023 $9,465,190 $17,549,571 $121,466,001 $-8,084,381
2022 $9,958,051 $13,551,970 $120,540,069 $-3,593,919
2021 $7,770,253 $11,921,434 $143,669,356 $-4,151,181
2019 $4,650,021 $17,247,260 $113,919,337 $-12,597,239
2018 $9,305,373 $13,046,310 $87,286,185 $-3,740,937
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