KENNEDY HEALTH CARE FOUNDATION INC

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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

2010

Legal Domicile

Principal Officer

AARON CHANG FACHE

Phone

8566615100

Tax Period

2024-07-01 to 2025-06-30

KENNEDY HEALTH CARE FOUNDATION INC, founded in 2010, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $910K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.4M exceeded revenue, resulting in a 50% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS TO TRANSFORM THE HEALTH CARE EXPERIENCE THROUGH A CULTURE OF CARING, QUALITY AND INNOVATION. THIS ORGANIZATION IS THE PHILANTHROPIC ARM OF JEFFERSON HEALTH NEW JERSEY ("SYSTEM"). THE MAJOR GOAL OF THE FOUNDATION IS TO PROVIDE OPPORTUNITY FOR CHARITABLE GIVING THAT WILL INCREASE AWARENESS OF KHS AND COMMUNITY HEALTH NEEDS. THE FOUNDATION IS AN ESSENTIAL COMPONENT OF THIS RELATIONSHIP BETWEEN THE SYSTEM AND THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $523,830 Revenue: $0

EXPENSES INCURRED IN SUPPORTING THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF JEFFERSON HEALTH NEW JERSEY; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM, AND ITS AFFILIATES IN ITS MISSION TO PROVIDE THE HIGHEST QUALITY HEALTHCARE IN THE COMMUNITIES IT SERVES. IN PARTICULAR, KENNEDY UNIVERSITY HOSPITAL, INC.; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT HOSPITAL ORGANIZATION THAT PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY.

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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 $899,466

Program Service Revenue $0

Investment Income $7,042

Other Revenue $3,830

TOTAL REVENUE $910,338

Expense Breakdown

Grants Paid $98,883

Salaries & Benefits $0

Fundraising Expenses $11,434

Program Expenses $523,830

Other Expenses $1,266,930

TOTAL EXPENSES $1,365,813

Year-over-Year Comparison

	2024	2023	Change
Revenue	$910,338	$815,538	+0.1%
Expenses	$1,365,813	$1,195,373	+0.1%
Net Income	$-455,475	$-379,835	+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

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

$480,592

Total Directors

$424,674

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDER D SHARNOFF ESQ	SECRETARY	55.0	Officer	$0	$86,263	$480,592
TODD P LEVIN DO	TRUSTEE - CHIEF OF MEDICINE	55.0	Director	$0	$34,592	$424,674
BRUCE J PAPARONE	CHAIR - TRUSTEE	5.0	Officer Director	$0	$0	$0
ANTHONY J LARATTA ESQ	VICE CHAIR - TRUSTEE	5.0	Officer Director	$0	$0	$0
NANCY BARSKY	TRUSTEE	5.0	Director	$0	$0	$0
KENDRA BRILL	TRUSTEE	5.0	Director	$0	$0	$0
AARON CHANG FACHE	TRUSTEE	55.0	Director	$0	$0	$0
JAMES DARGUSCH	TRUSTEE	5.0	Director	$0	$0	$0
JOSEPH W DEVINE FACHE	TRUSTEE	5.0	Director	$0	$0	$0
JOHN F DURANTE	TRUSTEE	5.0	Director	$0	$0	$0
C JONATHAN FOSTER DO	TRUSTEE	55.0	Director	$0	$0	$0
WANDA HARDY	TRUSTEE	5.0	Director	$0	$0	$0
BRIAN JONES	TRUSTEE	5.0	Director	$0	$0	$0
MICHAEL P PAGLIARO CFA	TRUSTEE	5.0	Director	$0	$0	$0
JOSEPH TREDINNICK	TRUSTEE	5.0	Director	$0	$0	$0
JASON WOLF	TRUSTEE	5.0	Director	$0	$0	$0
STEPHEN V DESTEFANO CPA	TREASURER	55.0	Officer	$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	$910,338	$1,365,813	$4,334,731	$-455,475
2024	No data	No data	No data	No data
2023	$1,724,709	$561,895	$5,250,600	$1,162,814
2022	$835,168	$745,509	$6,367,515	$89,659
2021	$2,654,546	$1,044,373	$7,102,447	$1,610,173
2020	$1,636,844	$897,035	$5,968,473	$739,809
2019	$1,949,077	$1,320,334	$3,730,931	$628,743