MJH FOUNDATION

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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

1986

Legal Domicile

Principal Officer

RITA A BUNCH

Phone

7574557020

Tax Period

2023-01-01 to 2023-12-31

MJH FOUNDATION, founded in 1986, is a small nonprofit in the Health Care sector that reported $953K in total revenue in fiscal year 2023. Revenue surged 1752% from the prior year, signaling strong growth momentum. Expenses of $2.2M exceeded revenue, resulting in a 134% operating deficit.

Mission

MJH FOUNDATION PROVIDES INVESTMENT AND MANAGEMENT SERVICES FOR MARTHA JEFFERSON HOSPITAL, A NON-PROFIT ORGANIZATION WHICH PROVIDES HEALTHCARE TO THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $2,234,048 Revenue: $109,152

MJH FOUNDATION PROVIDES INVESTMENT MANAGEMENT SERVICES AND OTHER SIMILAR SERVICES FOR MARTHA JEFFERSON HOSPITAL AND ITS AFFILIATED CORPORATIONS. THE DRAW FROM THE RESTRICTED FUND IS USED TO SUPPORT MARTHA JEFFERSON HOSPITAL'S PROGRAMMATIC SUPPORT OF ITS PATIENTS AND EMPLOYEES.SEE SCHEDULE O FOR A DESCRIPTION OF PROGRAMS AND ACCOMPLISHMENTS OF THE SENTARA HEALTH SYSTEM AS A WHOLE FOR 2023.

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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 $0

Investment Income $952,878

Other Revenue $0

TOTAL REVENUE $952,878

Expense Breakdown

Grants Paid $2,218,642

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,234,048

Other Expenses $15,406

TOTAL EXPENSES $2,234,048

Year-over-Year Comparison

	2023	2022	Change
Revenue	$952,878	$51,439	+17.5%
Expenses	$2,234,048	$1,683,012	+0.3%
Net Income	$-1,281,170	$-1,631,573	-0.2%

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

322

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

$1,339,005

Total Directors

$564,486

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIK GREENBAUM	DIRECTOR/VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARGARET HOLDEN	DIRECTOR/CHAIR	1.00	Officer Director	$0	$0	$0
RITA A BUNCH	DIRECTOR/PRESIDENT	1.00	Officer Director	$0	$58,711	$564,486
DEBORAH L THEXTON	TREASURER	1.00	Officer	$0	$86,957	$321,881
KIMBERLY SKELLY	VICE PRESIDENT	1.00	Officer	$0	$61,017	$304,148
LISA D PARKS	SECRETARY	1.00	Officer	$0	$63,700	$148,490
AMELIA S BLACK	FORMER OFFICER	0.00		$0	$51,832	$467,512

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	$952,878	$2,234,048	$43,859,355	$-1,281,170
2022	$51,439	$1,683,012	$38,937,043	$-1,631,573
2021	$5,781,676	$1,586,704	$44,575,464	$4,194,972
2020	$1,830,202	$2,072,415	$39,958,808	$-242,213
2019	$224,947	$2,476,790	$36,708,251	$-2,251,843
2018	$452,235	$2,268,576	$31,765,463	$-1,816,341