TOURO INFIRMARY FOUNDATION (EIN 721169939) - 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

1991

Legal Domicile

Principal Officer

JAY PENNISSON

Phone

5048978435

Tax Period

2023-01-01 to 2023-12-31

TOURO INFIRMARY FOUNDATION, founded in 1991, is a community nonprofit in the Health Care sector that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $629K, a strong 41% operating margin.

Mission

TO SUPPORT THE MISSION OF TOURO INFIRMARY HOSPITAL AND ITS COMMITMENT TO (CON'T ON SCHEDULE O)PATIENT CARE, HEALTH EDUCATION AND COMMUNITY SERVICE THROUGH LEADERSHIP, RESOURCE DEVELOPMENT AND FINANCIAL STEWARDSHIP.

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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 $422,956

Program Service Revenue $0

Investment Income $1,118,537

Other Revenue $-8,935

TOTAL REVENUE $1,532,558

Expense Breakdown

Grants Paid $403,541

Salaries & Benefits $214,812

Fundraising Expenses $211,627

Program Expenses $492,038

Other Expenses $213,254

TOTAL EXPENSES $903,607

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,532,558	$4,697,031	-0.7%
Expenses	$903,607	$710,735	+0.3%
Net Income	$628,951	$3,986,296	-0.8%

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

$1,105,930

Total Directors

$2,319,442

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MANNY LINARES	FORMER PRESIDENT	3.00	Officer Director	$0	$31,901	$996,408
JOY BRAUN	GOVERNING BOARD PAST PRESIDENT, EX OFFICIO	1.00	Director	$0	$0	$0
ADRIAN COHN	BOARD MEMBER	1.00	Director	$0	$0	$0
CLAY SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
JAY PENNISSON	BOARD MEMBER	1.00	Director	$0	$29,697	$421,436
PAUL ROSENBLUM	BOARD MEMBER	3.00	Director	$0	$24,239	$332,294
WILLIAM D NORMAN	BOARD MEMBER	1.50	Director	$0	$0	$0
MEREDITH MAXWELL	PAST CHAIR	5.00	Director	$0	$0	$0
TIFFANY DELCOUR	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MAX ZWAIN	VICE CHAIR	1.00	Director	$0	$0	$0
ZACH KUPPERMAN	SECRETARY, TREASURER	1.00	Officer Director	$0	$0	$0
STEPHANIE KASTON	BOARD MEMBER	1.00	Director	$0	$0	$0
FREDDY KULLMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF SCHWARTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
DR CHRISTOPHER LEGE	BOARD MEMBER	1.00	Director	$0	$23,064	$569,304
JOSH FRIEDMAN	EXECUTIVE DIRECTOR	45.00	Officer	$0	$4,130	$109,522

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	$1,532,558	$903,607	$63,387,583	$628,951
2022	$4,697,031	$710,735	$57,815,769	$3,986,296
2021	$4,351,954	$1,306,280	$67,237,065	$3,045,674
2020	$3,680,762	$1,036,071	$62,264,189	$2,644,691
2019	$1,861,453	$1,224,058	$56,368,027	$637,395
2018	$2,244,428	$1,155,550	$48,620,313	$1,088,878

TOURO INFIRMARY FOUNDATION