STURDY HEALTH 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

1910

Legal Domicile

Principal Officer

AIMEE B BREWER

Phone

5082225200

Tax Period

2023-10-01 to 2024-09-30

STURDY HEALTH FOUNDATION INC, founded in 1910, is a community nonprofit in the Health Care sector that reported $7.0M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.3M, a strong 47% operating margin.

Mission

TO SUPPORT THE MISSION AND PURPOSES OF STURDY MEMORIAL HOSPITAL AND ITS AFFILIATES, WHICH ARE AT THE FOREFRONT OF DELIVERING EXCEPTIONAL PATIENT CARE. (CONTINUED ON SCHEDULE O).

Program Service Accomplishments

Program 1

Expenses: $2,988,836 Revenue: $3,223,584

RENTAL OF OFFICE BUILDINGS TO STURDY HEALTH, INC. FOR THE PURPOSE OF PRACTICING MEDICINE IN THE COMMUNITY STURDY MEMORIAL HOSPITAL, INC. SERVICES.

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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 $567,476

Program Service Revenue $3,223,584

Investment Income $3,114,281

Other Revenue $68,397

TOTAL REVENUE $6,973,738

Expense Breakdown

Grants Paid $0

Salaries & Benefits $506,656

Fundraising Expenses $286,267

Program Expenses $2,988,836

Other Expenses $3,180,435

TOTAL EXPENSES $3,712,621

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,973,738	$6,275,718	+0.1%
Expenses	$3,712,621	$3,279,784	+0.1%
Net Income	$3,261,117	$2,995,934	+0.1%

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

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

$1,662,797

Total Directors

$1,542,430

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NITHIN KARANTH MD	PHYSICIAN DIRECTOR (AS OF 01/2024)	1.00	Director	$0	$9,537	$990,669
RONALD VAN NESS-OTUNNU MD	PHYSICIAN DIRECTOR (THRU 12/2023)	1.00	Director	$0	$51,799	$551,761
DONNA N KIMMEL	DIRECTOR/CHAIR (AS OF 01/2024)	1.00	Officer Director	$0	$0	$0
JOHN KORONA	DIRECTOR/CHAIR (THRU 12/2023)	1.00	Officer Director	$0	$0	$0
ANDY BEISE	TREASURER (AS OF 01/2024)	1.00	Officer Director	$0	$0	$0
STEPHEN BURLONE	TREASURER (THRU 12/2023)	1.00	Officer Director	$0	$0	$0
RALPH SCHLENKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROSE LARSON	CLERK	1.00	Officer Director	$0	$0	$0
FRANK COOK	DIRECTOR (AS OF 01/2024)	1.00	Director	$0	$0	$0
KEVIN CRYAN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES DELISIO	DIRECTOR	1.00	Director	$0	$0	$0
DWAYNE DEMOND	DIRECTOR (THRU 12/2023)	1.00	Director	$0	$0	$0
CATHLEEN DESIMONE	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD DIGIACOMO	DIRECTOR	1.00	Director	$0	$0	$0
ROGER FORMAN	DIRECTOR	1.00	Director	$0	$0	$0
LAURA GIGNAC	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS KELLY	DIRECTOR (THRU 12/2023)	1.00	Director	$0	$0	$0
DENNIS LEAHY	DIRECTOR (AS OF 01/2024)	1.00	Director	$0	$0	$0
THOMAS NOEL	DIRECTOR	1.00	Director	$0	$0	$0
AIMEE BREWER	EXECUTIVE DIRECTOR	2.00	Officer	$0	$98,320	$1,009,946
AMY PFEFFER	CFO	5.00	Officer	$0	$48,482	$652,851
WILLIAM FLORENTINO	CHIEF DEVEL. OFFICER (THRU 03/2023)	30.00	Highest	$151,725	$2,676	$154,401
COLEEN RESNICK	VP, CHIEF ADVANCEMENT OFFICER	40.00	Highest	$123,853	$15,023	$138,876

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	$6,973,738	$3,712,621	$73,682,428	$3,261,117
2023	$6,275,718	$3,279,784	$67,814,541	$2,995,934
2022	$6,642,798	$3,001,234	$63,370,935	$3,641,564
2021	$6,146,768	$2,371,840	$70,826,567	$3,774,928
2020	$3,920,830	$1,790,045	$61,749,588	$2,130,785
2019	$4,229,005	$1,784,543	$49,871,597	$2,444,462
2018	$3,613,810	$1,661,708	$47,313,788	$1,952,102