PHILADELPHIA, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PHMC WEST (FORMERLY RESEARCH FOR BETTER SCHOOLS INC), founded in 1965, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2022. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $26.9M exceeded revenue, resulting in a 986% operating deficit.
PHMC WEST IS A CHARITABLE NONSTOCK MEMBERSHIP CORPORATION ORGANIZED TO UNDERTAKE ACTIVITIES RELATED TO PUBLIC HEALTH CAMPUS ON CEDAR AVENUE IN PHILADELPHIA, PENNSYLVANIA.
HMC WEST FORMERLY RESEARCH FOR BETTER SCHOOLS, INC. IS A CHARITABLE NONSTOCK MEMBERSHIP CORPORATION ORGANIZED TO UNDERTAKE ACTIVITIES RELATED TO PUBLIC HEALTH CAMPUS ON CEDAR AVENUE IN PHILADELPHIA...
HMC WEST FORMERLY RESEARCH FOR BETTER SCHOOLS, INC. IS A CHARITABLE NONSTOCK MEMBERSHIP CORPORATION ORGANIZED TO UNDERTAKE ACTIVITIES RELATED TO PUBLIC HEALTH CAMPUS ON CEDAR AVENUE IN PHILADELPHIA, PENNSYLVANIA. THIS LOCATION IS AN INNOVATIVE PUBLIC HEALTH CAMPUS WHOSE MISSION IS TO PROVIDE COMMUNITY-INFORMED, INTEGRATED CARE AND SOCIAL SERVICES TO SUPPORT INDIVIDUALS AND FAMILIES. THE CAMPUS' SERVICES WILL INCLUDE PHMC HEALTH CENTER ON CEDAR, ONE OF SIX FEDERALLY QUALIFIED HEATH CENTERS PROVIDING SERVICES TO THE WEST AND SOUTHWEST PHILADELPHIA COMMUNITIES AS WELL AS AN EMERGENCY DEPARTMENT AND ONSITE INPATIENT AND BEHAVIORAL HEALTH SERVICES AVAILABLE THROUGH PENN MEDICINE. ADDITIONAL PROGRAMS AND SERVICES ARE PLANNED FROM PUBLIC HEALTH MANAGEMENT CORPORATION ("PHMC") AND OTHER PARTNERS IN THE FUTURE. PHMC, THE SOLE MEMBER OF PHMC WEST, WILL PROVIDE ALL THE PROGRAM SERVICES RELATED TO THE PHMC HEALTH CENTER ON CEDAR AND WILL LEASE A PORTION OF THE CAMPUS FROM PHMC WEST FOR USE IN PROVIDING THESE PROGRAM SERVICES. THE OTHER PROGRAMS WILL BE OPERATED AND LEASED BY OTHER NOT-FOR-PROFIT ORGANIZATIONS. AS OF JUNE 30, 2021, PENN MEDICINE IS THE ONLY TENANT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $2,476,407 | $10,733,324 | -0.8% |
| Expenses | $26,889,259 | $10,289,251 | +1.6% |
| Net Income | $-24,412,852 | $444,073 | -56.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RICHARD COHEN | PRESIDENT & SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $1,278,216 |
| ROBERT BLOCK | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $591,366 |
| SAMUEL PATTERSON | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL PEARSON | MEMBER | 1.00 |
Director
|
$0 | $28,000 | $28,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $2,476,407 | $26,889,259 | $87,208,530 | $-24,412,852 |
| 2022 | $10,733,324 | $10,289,251 | $22,062,860 | $444,073 |
| 2021 | $470,008 | $545,965 | $10,491,319 | $-75,957 |
Compare PHMC WEST (FORMERLY RESEARCH FOR BETTER SCHOOLS INC) with other nonprofits in Pennsylvania and across the country.