ST MARY BUILDING AND DEVELOPMENT

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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

2012

Legal Domicile

Principal Officer

MICHAEL MAGRO

Phone

2157102000

Tax Period

2023-07-01 to 2024-06-30

ST MARY BUILDING AND DEVELOPMENT, founded in 2012, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. The organization ran a surplus of $1.1M, a strong 52% operating margin.

Mission

WE, ST. MARY MEDICAL CENTER AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES. AS A COMMUNITY OF CARING PEOPLE, WE ARE COMMITTED TO EXTENDING AND STRENGTHENING THE HEALING MINISTRY OF JESUS.ST. MARY BUILDING AND DEVELOPMENT (SMBD) IS A MEMBER OF ST. MARY MEDICAL CENTER (SMMC), TRINITY HEALTH OF THE MID-ATLANTIC REGION (TRINITY HEALTH OF MID-ATLANTIC) AND TRINITY HEALTH.

Program Service Accomplishments

Program 1

Expenses: $1,069,406 Revenue: $2,208,132

ST. MARY BUILDING AND DEVELOPMENT HOLDS TITLE TO THE 55,000 SQUARE-FOOT, 50-BED, ACUTE-CARE INPATIENT HOSPITAL, WHICH IS LOCATED ACROSS THE STREET FROM ST. MARY MEDICAL CENTER IN LANGHORNE, PA. AS A 501(C)(2) ORGANIZATION, SMBD'S FUNCTIONS ARE LIMITED TO: FUNDING THE CONSTRUCTION OF THE REHABILITATION HOSPITAL, HOLDING TITLE TO THE BUILDING, COLLECTING RENT FROM THE ST. MARY REHABILITATION HOSPITAL, LLP PARTNERSHIP, MAINTAINING THE BUILDING, AND DISTRIBUTING THE RENTAL INCOME TO SMMC.

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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 $0

Program Service Revenue $2,208,132

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,208,132

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,069,406

Other Expenses $1,069,406

TOTAL EXPENSES $1,069,406

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,208,132	$2,149,392	+0.0%
Expenses	$1,069,406	$1,035,286	+0.0%
Net Income	$1,138,726	$1,114,106	+0.0%

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

$1,851,974

Total Directors

$2,996,642

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE WASHINGTON	DIR; TRINITY SVP CHIEF MKTG & COMM	1.00	Director	$0	$264,929	$1,517,593
JAMES WOODWARD	DIR; PRES & CEO MID-ATLANTIC REGION	1.00	Director	$0	$65,861	$1,479,049
MICHAEL MAGRO	SMMC PRESIDENT	1.00	Officer	$0	$127,180	$729,009
ANTHONY FANELLI	FORMER OFFICER	0.00		$0	$269,440	$671,768
CATHERINE MIKUS	SECRETARY; GENERAL COUNSEL	1.00	Officer	$0	$58,688	$658,493
LARRY BRILLIANT MD	FORMER OFFICER	0.00		$0	$1,732	$491,868
KIMBERLY CUMMINGS	TREASURER AND INTERIM CFO	1.00	Officer	$0	$50,851	$464,472
REBECCA KERCHNER	DIRECTOR; CHAIR THROUGH 12/23	1.00	Officer Director	$0	$0	$0
VINCE GORDON	DIR; V CHAIR THR 12/23;CHAIR AT 1/24	1.00	Officer Director	$0	$0	$0
JULIA KEEGAN OSF	DIRECTOR; VICE CHAIR AS OF 1/24	1.00	Officer Director	$0	$0	$0
TALYANA BROMBERG	DIRECTOR	1.00	Director	$0	$0	$0
MARK BRUCKER	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA BUCKLEY RSM	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE CALOPE	DIRECTOR	1.00	Director	$0	$0	$0
MARTINA DEIGNAN	DIRECTOR	1.00	Director	$0	$0	$0
HIRAL FONTANILLA MD	DIRECTOR	1.00	Director	$0	$0	$0
MARIANNE GRACE	DIRECTOR	1.00	Director	$0	$0	$0
SHAILA KAPUR	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MONIHAN MD	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$2,208,132	$1,069,406	$20,942,958	$1,138,726
2023	$2,149,392	$1,035,286	$20,942,354	$1,114,106
2022	$2,109,348	$1,019,925	$20,930,383	$1,089,423
2021	$2,071,081	$985,094	$20,932,990	$1,085,987
2020	$2,098,942	$929,499	$20,432,764	$1,169,443
2019	$2,135,949	$992,715	$20,013,007	$1,143,234
2018	$2,944,400	$929,432	$20,045,572	$2,014,968