WASHINGTON TOWNSHIP MEDICAL FOUNDATION (EIN 300564526) - 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

2008

Legal Domicile

Principal Officer

CHRISTINE NUNEZ

Phone

5102481005

Tax Period

2024-07-01 to 2025-06-30

WASHINGTON TOWNSHIP MEDICAL FOUNDATION, founded in 2008, is a mid-sized nonprofit in the Health Care sector that reported $58.1M in total revenue in fiscal year 2024. Expenses of $92.2M exceeded revenue, resulting in a 59% operating deficit.

Mission

THE MISSION OF WASHINGTON TOWNSHIP MEDICAL FOUNDATION IS TO ENGAGE IN, SPONSOR, ADVANCE, ENCOURAGE, AND PROMOTE CHARITABLE HEALTH CARE, EDUCATIONAL, AND MEDICAL RESEARCH ACTIVITIES THROUGH THE OPERATION AND MAINTENANCE OF MULTI-SPECIALTY PRIMARY CARE MEDICAL CLINICS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $58,131,930

Investment Income $0

Other Revenue $0

TOTAL REVENUE $58,131,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,241,516

Fundraising Expenses $0

Program Expenses $81,237,917

Other Expenses $68,930,219

TOTAL EXPENSES $92,171,735

Year-over-Year Comparison

	2024	2023	Change
Revenue	$58,131,930	$59,135,246	0.0%
Expenses	$92,171,735	$89,874,305	+0.0%
Net Income	$-34,039,805	$-30,739,059	+0.1%

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

270

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

$2,647,214

Total Directors

$1,949,268

Key Employees

$743,795

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY HARTZ	CHAIRPERSON	1.00	Officer Director	$0	$40,416	$1,333,844
THOMAS MCDONAGH	TREASURER	1.00	Officer Director	$0	$30,785	$615,424
ALBERT BROOKS MD	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNAMALAI VEERAPAN MD	BOARD MEMBER	1.00	Director	$0	$0	$0
RANJANA SHARMA MD	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINE NUNEZ	PRESIDENT	1.00	Officer	$0	$35,813	$697,946
DANIEL NARDONI	CHIEF FINANCIAL OFFICER	40.00	Key Emp	$0	$28,027	$396,057
MICHELLE HUDSON	CHIEF OPERATIONS OFFICER	40.00	Key Emp	$0	$34,846	$347,738
CARMEN MULLIN	CONTROLLER	40.00	Highest	$229,889	$33,735	$263,624
JACKLYN BALA	REGISTERED NURSE	40.00	Highest	$204,062	$32,989	$237,051
JAMIE BRIGANTI	DIRECTOR OF PHYSICIAN RELATIONS	40.00	Highest	$199,795	$32,987	$232,782
REYNALDO GOMEZ	DIRECTOR OF QUALITY AND COMPLIANCE	40.00	Highest	$222,412	$33,511	$255,923
TAMMIE STEIN	DIRECTOR OF REVENUE CYCLE	40.00	Highest	$205,309	$33,059	$238,368

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	$58,131,930	$92,171,735	$19,471,168	$-34,039,805
2024	$59,135,246	$89,874,305	$17,113,228	$-30,739,059
2023	$50,663,120	$78,364,225	$9,220,939	$-27,701,105
2022	$49,925,101	$72,354,803	$8,231,715	$-22,429,702
2021	$49,801,998	$70,198,393	$11,186,588	$-20,396,395
2020	$43,358,116	$66,101,248	$8,144,743	$-22,743,132
2019	$43,775,975	$65,274,888	$9,139,563	$-21,498,913
2018	$39,384,691	$61,221,545	$4,969,876	$-21,836,854

WASHINGTON TOWNSHIP MEDICAL FOUNDATION