NEIGHBORHEALTH CORPORATION

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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

1974

Legal Domicile

Principal Officer

JAMES HAZARD

Phone

6175684570

Tax Period

2023-10-01 to 2024-09-30

NEIGHBORHEALTH CORPORATION, founded in 1974, is a major nonprofit in the Health Care sector that reported $247.9M in total revenue in fiscal year 2023.

Mission

NEIGHBORHEALTH'S MISSION IS TO PROMOTE AND SUSTAIN HEALTHY COMMUNITIES, FAMILIES, AND INDIVIDUALS BY PROVIDING ACCESSIBLE, PERSON-CENTERED, AND COMPASSIONATE, HIGH-QUALITY HEALTH CARE SERVICES TO ALL WHO LIVE AND WORK IN OUR SERVICE AREA, REGARDLESS OF ABILITY TO PAY, WHILE UPHOLDING DIVERSITY, EQUITY, AND INCLUSION AT THE CORE OF ALL THAT WE DO.

Program Service Accomplishments

Program 1

Expenses: $109,851,072 Revenue: $79,459,767

IN FISCAL YEAR 2024 THE NEIGHBORHEALTH CORPORATION CORP. CONTINUED ITS MISSION TO PROMOTE AND SUSTAIN HEALTHY COMMUNITIES, FAMILIES, AND INDIVIDUALS BY PROVIDING ACCESSIBLE, PERSON-CENTERED...

IN FISCAL YEAR 2024 THE NEIGHBORHEALTH CORPORATION CORP. CONTINUED ITS MISSION TO PROMOTE AND SUSTAIN HEALTHY COMMUNITIES, FAMILIES, AND INDIVIDUALS BY PROVIDING ACCESSIBLE, PERSON-CENTERED, COMPASSIONATE, HIGH-QUALITY HEALTH CARE SERVICES TO ALL WHO LIVE AND WORK IN OUR SERVICE AREA, REGARDLESS OF ABILITY TO PAY, WHILE UPHOLDING DIVERSITY, EQUITY, AND INCLUSION AT THE CORE OF ALL THAT WE DO. NEIGHBORHEALTH CORPORATION HAD 384,426 PATIENT VISITS DURING THE YEAR ENDING SEPTEMBER 30, 2024.

Program 2

Expenses: $85,251,964 Revenue: $79,926,360

THE NEIGHBORHOOD PACE PROGRAM AND THE LONG TERM CARE PHARMACY CONTINUED TO PROVIDE ALL INCLUSIVE CARE FOR THE ELDERLY DURING THE YEAR. THE ORGANIZATION PROVIDED DIRECT CARE FOR 9,718 MEMBER MONTHS...

THE NEIGHBORHOOD PACE PROGRAM AND THE LONG TERM CARE PHARMACY CONTINUED TO PROVIDE ALL INCLUSIVE CARE FOR THE ELDERLY DURING THE YEAR. THE ORGANIZATION PROVIDED DIRECT CARE FOR 9,718 MEMBER MONTHS FOR ITS PACE PARTICPANTS FOR THE PERIOD ENDING SEPTEMBER 30, 2024.

Program 3

Expenses: $19,051,528 Revenue: $22,992,434

THE PHARMACY PROVIDES ONSITE PRESCRIPTION MEDICATION EXCLUSIVE TO HEALTH CENTER PATIENTS AS WELL AS NON-PATIENTS THROUGH THE RETAIL PHARMACY. HEALTH CENTER PATIENTS ARE ABLE TO PURCHASE PRESCRIPTIONS AT SELECT 340B PHARMAMACY LOCATIONS IN THE AREA SUCH AS CVS, WALGREENS, AND RITE AID. DURING THE PERIOD ENDING SEPTEMBER 30, 2024, THE ORGANIZATION FILLED 552,409 PRESCRIPTIONS.

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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 $63,746,020

Program Service Revenue $158,104,167

Investment Income $1,915,445

Other Revenue $24,179,265

TOTAL REVENUE $247,944,897

Expense Breakdown

Grants Paid $0

Salaries & Benefits $136,093,776

Fundraising Expenses $0

Program Expenses $214,154,564

Other Expenses $123,000,763

TOTAL EXPENSES $259,094,539

Year-over-Year Comparison

	2023	2022	Change
Revenue	$247,944,897	$250,600,564	0.0%
Expenses	$259,094,539	$241,749,964	+0.1%
Net Income	$-11,149,642	$8,850,600	-2.3%

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

1607

Volunteers

393

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

$2,184,498

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RITA SORENTO	CHAIR	2.00	Officer Director	$0	$0	$0
DORIS VIRGINIA RUBIO	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SANDRA CAGGIANO	TREASURER	2.00	Officer Director	$0	$0	$0
LAWRENCE F KEEGAN JR	ASSISTANT TREASURER	2.00	Officer Director	$0	$0	$0
JENNIFER C BLANCO	CLERK	2.00	Officer Director	$0	$0	$0
NANCY M CHRISTOFF	DIRECTOR	2.00	Director	$0	$0	$0
ERIKA WILKINSON ESQ	DIRECTOR	2.00	Director	$0	$0	$0
ALLISON ENG	DIRECTOR	2.00	Director	$0	$0	$0
LOUIS SCAPICCHIO	DIRECTOR	2.00	Director	$0	$0	$0
FRANK M RAMIREZ	DIRECTOR	2.00	Director	$0	$0	$0
JEAN STAROPOLI	DIRECTOR	2.00	Director	$0	$0	$0
JOSEFINA SILVA	DIRECTOR	2.00	Director	$0	$0	$0
MAYRA NEGRON-ROCHE	DIRECTOR	2.00	Director	$0	$0	$0
GREGORY WILMOT	PRESIDENT & CEO	39.00	Officer	$608,923	$54,612	$663,535
RYAN BOXILL	EXECUTIVE VP & COO	40.00	Officer	$491,094	$41,264	$532,358
DR JACKIE FANTES	CHIEF MEDICAL OFFICER	40.00	Officer	$464,851	$57,604	$522,455
JAMES HAZARD	CHIEF FINANCIAL OFFICER	39.00	Officer	$407,083	$59,067	$466,150
ERNANI DEARAUJO	VP/GENERAL COUNSEL	40.00	Highest	$321,810	$9,965	$331,775
DR JAMES PEDULLA	MEDICAL DIRECTOR/ PACE	40.00	Highest	$291,781	$34,793	$326,574
DR JULIO MAZUL	MEDICAL DIRECTO	40.00	Highest	$285,574	$18,182	$303,756
DR KARIN LESCHLY	VP/CHIEF QUALITY OFFICER	40.00	Highest	$287,848	$9,200	$297,048
DR LAURA FAGIOLI PETRILLO	MEDICAL DIR. OF BEHAVIORAL HEALTH	40.00	Highest	$283,498	$9,085	$292,583

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
2024	$247,944,897	$259,094,539	$172,152,137	$-11,149,642
2023	$250,600,564	$241,749,964	$179,183,052	$8,850,600
2022	$226,174,938	$200,865,928	$161,266,347	$25,309,010
2021	$207,232,346	$189,132,155	$142,703,213	$18,100,191
2020	$171,450,550	$162,952,535	$122,342,162	$8,498,015
2019	$156,763,083	$151,327,920	$98,090,234	$5,435,163
2018	$145,804,708	$143,228,590	$96,743,032	$2,576,118