Copley Health Systems 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

1987

Legal Domicile

Phone

8028888888

Tax Period

2023-10-01 to 2024-09-30

Copley Health Systems Inc, founded in 1987, is a community nonprofit in the Health Care sector that reported $1.6M in total revenue in fiscal year 2023. Expenses of $1.5M left a modest 5% surplus.

Mission

COPLEY HEALTH SYSTEMS, INC. IS THE PARENT COMPANY OF SEVERAL ENTITIES THAT IT CONTROLS THROUGH SOLE CORPORATE MEMBERSHIP. IT PROVIDES STRATEGIC AND FIDUCIARY LEADERSHIP FOR THE PHILANTHROPIC ENDEAVORS OF COPLEY HEALTH SYSTEMS, INC. AND ITS SUBSIDIARIES.

Program Service Accomplishments

Program 1

Expenses: $1,228,824 Revenue: $768

COPLEY HEALTH SYSTEMS, INC. SUPPORTS THE ADVANCEMENT OF PROGRAMS THAT CONTRIBUTE TO THE PHYSICAL AND EMOTIONAL WELL-BEING OF THE COMMUNITIES IT SERVES. PROGRAMS ARE GEARED TOWARDS THE CARE...

COPLEY HEALTH SYSTEMS, INC. SUPPORTS THE ADVANCEMENT OF PROGRAMS THAT CONTRIBUTE TO THE PHYSICAL AND EMOTIONAL WELL-BEING OF THE COMMUNITIES IT SERVES. PROGRAMS ARE GEARED TOWARDS THE CARE, TREATMENT, HEALING AND EDUCATION OF OUR PATIENTS. THE ACTIVITIES OF THE SUBSIDIARIES MUST BE CHARITABLE, SCIENTIFIC, OR EDUCATIONAL. COPLEY HOSPITAL SHALL NOT OPERATE EXCLUSIVELY FOR THE BENEFIT OF ANY ONE AFFILIATED TAX-EXEMPT ORGANIZATION.

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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 $1,052,028

Program Service Revenue $768

Investment Income $533,153

Other Revenue $-28,611

TOTAL REVENUE $1,557,338

Expense Breakdown

Grants Paid $1,117,851

Salaries & Benefits $84,173

Fundraising Expenses $247,968

Program Expenses $1,228,824

Other Expenses $277,547

TOTAL EXPENSES $1,479,571

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,557,338	$1,619,744	0.0%
Expenses	$1,479,571	$762,453	+0.9%
Net Income	$77,767	$857,291	-0.9%

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

$1,530,166

Total Directors

$1,509,376

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE BONGIORNO	VICE CHAIR	0.1	Officer Director	$0	$0	$0
BOB BLEIMEISTER	TREASURER	0.1	Officer Director	$0	$0	$0
DEBORAH POMEROY	SECRETARY	0.1	Officer Director	$0	$0	$0
JOSEPH WOODIN	CEO	1.0	Officer Director	$0	$21,957	$571,374
KATHY DEMARS	TRUSTEE / CHAIR BEG 02/24	0.1	Officer Director	$0	$0	$0
NANCY BANKS	CHAIR END 02/24	0.1	Officer Director	$0	$0	$0
ALDEN LAUNER	TRUSTEE	0.1	Director	$0	$0	$0
BETHANY SALVAS	TRUSTEE BEG 02/24	0.1	Director	$0	$0	$0
CAMERON PAGE	TRUSTEE	0.1	Director	$0	$0	$0
CARL SZLACHETKA	TRUSTEE	0.1	Director	$0	$0	$0
CHRISTOPHER TOWNE	TRUSTEE	0.1	Director	$0	$0	$0
DAN NOYES	TRUSTEE	0.1	Director	$0	$0	$0
DAVID SILVERMAN	TRUSTEE END 02/24	0.1	Director	$0	$0	$0
DIANE COTE	TRUSTEE	0.1	Director	$0	$0	$0
FRANCIS LANDREY	TRUSTEE BEG 02/24	0.1	Director	$0	$0	$0
J MARTIN LINSEISEN MD	TRUSTEE END 02/24	0.1	Director	$0	$52,647	$456,961
JAMES HODGE	TRUSTEE BEG 02/24	0.1	Director	$0	$0	$0
KRISTEN SHARPLESS	TRUSTEE END 06/24	0.1	Director	$0	$0	$0
MIKE FEULNER	TRUSTEE	0.1	Director	$0	$0	$0
NAN CARLE BEAUREGARD	TRUSTEE	0.1	Director	$0	$0	$0
PAMELA STANYON	TRUSTEE	0.1	Director	$0	$0	$0
TRAVIS KNAPP	TRUSTEE BEG 02/24	0.1	Director	$0	$53,221	$481,041
WALTER FRAME	TRUSTEE END 02/24	0.1	Director	$0	$0	$0
JEFFREY HEBERT	CFO	1.0	Officer	$0	$11,409	$272,116
LORI PROFOTA	CNO END 02/24	1.0	Officer	$0	$38,976	$257,943
SAMANTHA ALLAIRE	NURSE MGR / INTERIM CNO BEG 07/23	1.0	Officer	$0	$41,057	$128,421
WAYNE STOCKBRIDGE	CHIEF ADMIN & HR OFFICER	1.0	Officer	$0	$50,539	$300,312

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	$1,557,338	$1,479,571	$19,004,959	$77,767
2023	$1,619,744	$762,453	$16,553,568	$857,291
2022	$2,489,513	$521,309	$14,645,028	$1,968,204
2021	$3,620,720	$444,166	$15,111,341	$3,176,554
2020	$793,154	$589,422	$10,784,934	$203,732
2019	$1,049,797	$581,648	$10,074,318	$468,149
2018	$817,013	$731,503	$9,972,034	$85,510