Sharp Healthcare Foundation (EIN 953492461) - 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

1979

Legal Domicile

Phone

8584995150

Tax Period

2023-10-01 to 2024-09-30

Sharp Healthcare Foundation, founded in 1979, is a mid-sized nonprofit in the Health Care sector that reported $32.7M in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. Expenses of $28.9M left a modest 12% surplus.

Mission

PROVIDE SUPPORT AND ASSISTANCE TO SHARP HEALTHCARE.

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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 $23,606,652

Program Service Revenue $6,199,054

Investment Income $2,872,648

Other Revenue $56,065

TOTAL REVENUE $32,734,419

Expense Breakdown

Grants Paid $22,286,327

Salaries & Benefits $5,298,955

Fundraising Expenses $3,568,262

Program Expenses $22,610,714

Other Expenses $1,308,293

TOTAL EXPENSES $28,893,575

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,734,419	$19,480,902	+0.7%
Expenses	$28,893,575	$23,227,418	+0.2%
Net Income	$3,840,844	$-3,746,516	-2.0%

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

Volunteers

176

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

$4,152,272

Total Directors

$5,133,802

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher D Howard	PRESIDENT & CEO SHC	1.0	Officer Director	$0	$17,675	$2,467,123
Joe Bellezzo MD	CHAIR THRU 10/2023	4.0	Officer Director	$0	$0	$39,000
Lisa Arnold	CHAIR AS OF 10/2023	2.0	Officer Director	$0	$0	$0
Lynn Congemi	TREASURER AS OF 01/2024	1.0	Officer Director	$0	$0	$0
Mike Labelle	SECRETARY	5.0	Officer Director	$0	$0	$0
Paulette Roberts	TREASURER THRU 11/2023	2.0	Officer Director	$0	$0	$0
William Littlejohn	SVP, CEO FOUNDATIONS	25.0	Officer Director	$0	$22,793	$1,646,149
Aaron Malardino	DIRECTOR	1.0	Director	$0	$0	$0
Aasif Parekh	DIRECTOR	2.0	Director	$0	$12,876	$107,444
Charles Athill MD	DIRECTOR	1.0	Director	$0	$0	$50,634
Charles Redfern MD	DIRECTOR	2.0	Director	$0	$0	$53,725
Corinne Hollings	DIRECTOR	2.0	Director	$0	$0	$0
Daniel Chang MD	DIRECTOR	1.0	Director	$0	$0	$0
David Amaya	DIRECTOR	1.0	Director	$0	$0	$0
Diane Wintz MD	DIRECTOR	2.0	Director	$0	$0	$603,327
Emily Cole MD	DIRECTOR	1.0	Director	$0	$0	$22,650
Eric Northbrook	DIRECTOR THRU 10/2023	1.0	Director	$0	$0	$0
Holly Heaton	DIRECTOR	2.0	Director	$0	$0	$0
Jean Young	DIRECTOR	2.0	Director	$0	$0	$0
Jeffery Gross	DIRECTOR	1.0	Director	$0	$0	$0
Jerome Stenehjem MD	DIRECTOR	1.0	Director	$0	$0	$0
Joanne Sellner	DIRECTOR	2.0	Director	$0	$0	$0
Joel Tubao	DIRECTOR	1.0	Director	$0	$0	$0
John Jahan MD	DIRECTOR	1.0	Director	$0	$0	$120,000
Judy Weisman	DIRECTOR AS OF 10/2023	2.0	Director	$0	$0	$0
Kate Herring	DIRECTOR	2.0	Director	$0	$0	$0
Kristy Gregg	DIRECTOR	1.0	Director	$0	$0	$0
Maggie Watkins	DIRECTOR AS OF 03/2024	2.0	Director	$0	$0	$0
Mike Martin MD	DIRECTOR	2.0	Director	$0	$0	$0
Mitch Mitchell	DIRECTOR	2.0	Director	$0	$0	$0
Moneer Jaibaji MD	DIRECTOR	1.0	Director	$0	$0	$700
Naresh Soni	DIRECTOR	1.0	Director	$0	$0	$0
Philip Gildred	DIRECTOR	2.0	Director	$0	$0	$0
Reggie Smith	DIRECTOR	2.0	Director	$0	$0	$0
Rob Marasco	DIRECTOR	2.0	Director	$0	$0	$0
Rob Patel	DIRECTOR AS OF 10/2023	2.0	Director	$0	$0	$0
Sara Bennett	DIRECTOR	1.0	Director	$0	$0	$0
Shahed Samadi MD	DIRECTOR	1.0	Director	$0	$0	$0
Siavash Jabbari MD	DIRECTOR	2.0	Director	$0	$0	$23,050
Benjamin Moraga	VP ANNUAL GIVING/DONOR DVLPMNT	40.0	Highest	$0	$36,218	$318,251
Elizabeth Morgante	CHIEF OPERATING OFFICER	40.0	Highest	$0	$47,960	$440,513
James Sardina	MGR ANNUAL GIVING	40.0	Highest	$0	$35,277	$210,078
Pamela Barnett	MGR DONOR RELATIONS	40.0	Highest	$0	$27,133	$222,772
Shawna Fallon	PRINCIPAL GIFT OFFICER	40.0	Highest	$0	$31,546	$228,363

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	$32,734,419	$28,893,575	$188,888,852	$3,840,844
2023	$19,480,902	$23,227,418	$139,050,134	$-3,746,516
2022	$44,670,530	$24,799,912	$135,546,130	$19,870,618
2021	$23,927,952	$17,676,186	$131,027,036	$6,251,766
2020	$24,408,919	$14,711,702	$114,060,380	$9,697,217
2019	$17,695,445	$14,987,534	$100,781,274	$2,707,911
2018	$27,820,247	$15,367,645	$96,850,630	$12,452,602

Sharp Healthcare Foundation