Capital Region Health Care Corporation (EIN 020222123) - 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

1944

Legal Domicile

Principal Officer

Robert P Steigmeyer

Phone

6032277000

Tax Period

2023-10-01 to 2024-09-30

Capital Region Health Care Corporation, founded in 1944, is a small nonprofit in the Health Care sector that reported $475K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $343K, a strong 72% operating margin.

Mission

To provide medical care

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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 $474,580

Investment Income $0

Other Revenue $0

TOTAL REVENUE $474,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $131,668

Other Expenses $131,668

TOTAL EXPENSES $131,668

Year-over-Year Comparison

	2023	2022	Change
Revenue	$474,580	$434,909	+0.1%
Expenses	$131,668	$146,583	-0.1%
Net Income	$342,912	$288,326	+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

$2,749,404

Total Directors

$2,298,327

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Steigmeyer	President & CEO, Member Ex-Officio	1.00	Officer Director	$0	$316,861	$1,901,942
Teri Brehio MD	Trustee	1.00	Director	$0	$92,881	$396,385
Sol Asmar	Trustee (end 1/2024)	1.00	Director	$0	$0	$0
Frank Boucher	Trustee	1.00	Director	$0	$0	$0
Frederick Briccetti MD	Trustee	1.00	Director	$0	$0	$0
Mark Broth	Trustee	1.00	Director	$0	$0	$0
James Doremus	Trustee (end 7/2024)	1.00	Director	$0	$0	$0
Charles Fanaras	Trustee	1.00	Director	$0	$0	$0
BJ Entwisle MD	Trustee	1.00	Director	$0	$0	$0
David Green MD	Trustee	1.00	Director	$0	$0	$0
Michael T Griffin	Trustee	1.00	Director	$0	$0	$0
Lucy Hodder Esq	Trustee	1.00	Director	$0	$0	$0
Lucy Karl Esq	Trustee	1.00	Director	$0	$0	$0
Linda Lorden	Trustee	1.00	Director	$0	$0	$0
Mary Miller	Trustee (end 1/2024)	1.00	Director	$0	$0	$0
Peter Noordsij MD	Trustee	1.00	Director	$0	$0	$0
Manisha Patel DDS	Trustee	1.00	Director	$0	$0	$0
Robert Segal	Trustee	1.00	Director	$0	$0	$0
Jeffrey Towle	Trustee	1.00	Director	$0	$0	$0
Don Welford	Trustee	1.00	Director	$0	$0	$0
David Ruedig	Chair	1.00	Officer Director	$0	$0	$0
William Chapman Esq	Vice Chair and Secretary	1.00	Officer Director	$0	$0	$0
Scott Sloane	Senior VP, CFO, & Treasurer	1.00	Officer	$0	$154,062	$847,462

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	$474,580	$131,668	$2,680,322	$342,912
2023	$434,909	$146,583	$2,908,565	$288,326
2022	$434,909	$176,240	$2,656,192	$258,669
2021	$434,909	$466,115	$2,419,820	$-31,206
2020	$434,909	$475,701	$2,273,786	$-40,792
2019	$421,565	$470,750	$1,906,242	$-49,185
2018	$412,184	$482,135	$1,792,325	$-69,951

Capital Region Health Care Corporation