Phillips Memorial Hospital

EIN: 510244409 501(c)(3) Health Care

LAMBERTVILLE, NJ

Total Revenue
$59,158
Total Expenses
$75,555
Total Assets
$1,395,212
Net Assets
$1,383,315
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1919
Legal Domicile
NJ
Principal Officer
PHILIP J FAHERTY III
Phone
6093970900
Tax Period
2025-01-01 to 2025-12-31

Phillips Memorial Hospital, founded in 1919, is a micro nonprofit in the Health Care sector that reported $59K in total revenue in fiscal year 2025. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $76K exceeded revenue, resulting in a 28% operating deficit.

Mission

The Organization was setup to provide money to pay for the hospital or medical care of needy individuals in the City of Lambertville, Township of West Amwell, Borough of Stockton and Delaware Township. In addition, the Organization administers the Amos Smith Fuel Fund which was setup to provide money to pay for fuel costs for heat for needy individuals who are residents of the City of Lambertville.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $2,000
Program Service Revenue $0
Investment Income $57,158
Other Revenue $0
TOTAL REVENUE $59,158

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,000
Fundraising Expenses $0
Program Expenses $39,600
Other Expenses $61,555
TOTAL EXPENSES $75,555

Year-over-Year Comparison

2025 2024 Change
Revenue $59,158 $101,273 -0.4%
Expenses $75,555 $71,080 +0.1%
Net Income $-16,397 $30,193 -1.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
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
3
$14,000
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILIP J FAHERTY III TRUSTEE, PRESIDENT 1.00
Officer Director
$0 $0 $0
CHARLES GAREFINO JR TRUSTEE, VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ROBERT J HAYES JR TRUSTEE 0.50
Director
$0 $0 $0
NORA MARLEY TRUSTEE 0.50
Director
$0 $0 $0
IRMA FUHR TRUSTEE 0.50
Director
$0 $0 $0
SHIRLEY SKILLMAN TRUSTEE 0.50
Director
$0 $0 $0
SEAN P FAHERTY TRUSTEE 0.50
Director
$0 $0 $0
HELEN ELIZABETH SCHERMERHORN TRUSTEE 0.50
Director
$0 $0 $0
CHARLES SLACK TRUSTEE 0.50
Director
$0 $0 $0
JEANMARIE F MOORE SECRETARY / TREASURERR 6.00
Officer
$14,000 $0 $14,000
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 $59,158 $75,555 $1,395,212 $-16,397
2024 $101,273 $71,080 $1,411,608 $30,193
2023 $106,262 $68,867 $1,381,414 $37,395
2022 $57,984 $68,312 $1,344,018 $-10,328
2021 $67,163 $68,900 $1,354,870 $-1,737
2020 $100,453 $62,506 $1,356,605 $37,947
2019 $118,511 $60,813 $1,318,657 $57,698
2018 $165,056 $60,437 $1,260,944 $104,619
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