RICHMOND MEDICAL CENTER FOUNDATION INC (EIN 271059815) - Form 990 Financial Analysis & Trantor Score

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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

2009

Legal Domicile

Principal Officer

JOSEPH BURT

Phone

7188182103

Tax Period

2023-01-01 to 2023-12-31

RICHMOND MEDICAL CENTER FOUNDATION INC, founded in 2009, is a community nonprofit in the Medical Research sector that reported $4.1M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $1.5M, a strong 37% operating margin.

Mission

TO ADVOCATE AND FINANCIALLY SUPPORT RICHMOND MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION.

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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 $4,089,194

Program Service Revenue $0

Investment Income $9,772

Other Revenue $2,800

TOTAL REVENUE $4,101,766

Expense Breakdown

Grants Paid $1,835,598

Salaries & Benefits $0

Fundraising Expenses $760,966

Program Expenses $1,835,598

Other Expenses $760,966

TOTAL EXPENSES $2,596,564

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,101,766	$5,057,648	-0.2%
Expenses	$2,596,564	$1,696,600	+0.5%
Net Income	$1,505,202	$3,361,048	-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

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

$1,160,105

Total Directors

$3,185,201

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL J MESSINA PHD MPA	DIRECTOR - pres/ceo	55.0	Director	$0	$235,757	$1,745,395
DAVID MURRAY MBA FHFMA	Director - SVP, CFO	55.0	Officer Director	$0	$151,126	$841,120
PHILLIP OTTERBECK MD	DIRECTOR	55.0	Director	$0	$42,361	$598,686
JOSEPH G BURT	VP DEVELOPMENT	55.0	Officer	$0	$46,707	$318,985
ROBERT URS	CHAIR - DIRECTOR	3.0	Officer Director	$0	$0	$0
JOSEPH TORRES	VICE CHAIR - DIRECTOR	3.0	Officer Director	$0	$0	$0
MARCELLO SCLARRINO	SECRETARY - DIRECTOR	3.0	Officer Director	$0	$0	$0
JAY CHAZANOFF	TREASURER - DIRECTOR	3.0	Officer Director	$0	$0	$0
ALLISON COHEN	DIRECTOR	1.0	Director	$0	$0	$0
RICHARD CORASH ESQ	DIRECTOR	1.0	Director	$0	$0	$0
ROBERT CUTRONA	DIRECTOR	1.0	Director	$0	$0	$0
WILLIAM D'ANGELO	DIRECTOR	1.0	Director	$0	$0	$0
DOM FAMULARI	DIRECTOR	1.0	Director	$0	$0	$0
LINA FANG	DIRECTOR	1.0	Director	$0	$0	$0
JOSEPH FERRARA	DIRECTOR	1.0	Director	$0	$0	$0
WILLIAM FERRI	DIRECTOR	1.0	Director	$0	$0	$0
BRIAN GOMEZ	DIRECTOR	1.0	Director	$0	$0	$0
ROBIN LEFKOWITZ	DIRECTOR	1.0	Director	$0	$0	$0
ORIT LENDER	DIRECTOR	1.0	Director	$0	$0	$0
ANTHONY LIBECCI	DIRECTOR	1.0	Director	$0	$0	$0
SALLY MALFI	DIRECTOR	1.0	Director	$0	$0	$0
TIMOTHY MANNIX	DIRECTOR	1.0	Director	$0	$0	$0
MICHAL MENICUCCI	DIRECTOR	1.0	Director	$0	$0	$0
MIKE MONTALBANO	DIRECTOR	1.0	Director	$0	$0	$0
FRANK OSWALD	DIRECTOR	1.0	Director	$0	$0	$0
PANKAJ R PATEL MD	DIRECTOR	1.0	Director	$0	$0	$0
PATRICIA PERFETTO	DIRECTOR	1.0	Director	$0	$0	$0
DIANNE POWERS	DIRECTOR	1.0	Director	$0	$0	$0
RICHARD S SANSARICQ	DIRECTOR	1.0	Director	$0	$0	$0
JOHN C SANTORA	DIRECTOR	1.0	Director	$0	$0	$0
VINCENT THEURER	DIRECTOR	1.0	Director	$0	$0	$0
GREGORY ZENNA	DIRECTOR	1.0	Director	$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
2024	No data	No data	No data	No data
2023	$4,101,766	$2,596,564	$9,111,817	$1,505,202
2022	$5,057,648	$1,696,600	$7,782,699	$3,361,048
2021	$5,240,955	$1,692,534	$4,799,422	$3,548,421
2020	$1,260,576	$2,147,079	$2,443,021	$-886,503
2019	$2,407,945	$2,325,632	$3,160,424	$82,313
2018	$1,254,043	$2,392,557	$2,987,235	$-1,138,514

RICHMOND MEDICAL CENTER FOUNDATION INC