CORNERSTONE FAMILY HEALTHCARE FKA GREATER HUDSON VALLEY HEALTH CENTER (EIN 061036715) - 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

1981

Legal Domicile

Principal Officer

DAVID JOLLY

Phone

8452203100

Tax Period

2023-01-01 to 2023-12-31

CORNERSTONE FAMILY HEALTHCARE FKA GREATER HUDSON VALLEY HEALTH CENTER, founded in 1981, is a mid-sized nonprofit in the Health Care sector that reported $73.4M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $68.9M left a modest 6% surplus.

Mission

TO PROVIDE HEALTHCARE SERVICES TO THE MEDICALLY UNDERSERVED AND THOSE WITHOUT ACCESS TO 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 $24,317,628

Program Service Revenue $48,655,308

Investment Income $30,254

Other Revenue $421,212

TOTAL REVENUE $73,424,402

Expense Breakdown

Grants Paid $1,650,444

Salaries & Benefits $46,737,821

Fundraising Expenses $0

Program Expenses $57,740,728

Other Expenses $20,489,040

TOTAL EXPENSES $68,877,305

Year-over-Year Comparison

	2023	2022	Change
Revenue	$73,424,402	$65,441,211	+0.1%
Expenses	$68,877,305	$68,706,225	+0.0%
Net Income	$4,547,097	$-3,265,014	-2.4%

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

779

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

$2,072,772

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY ANSEHL DNP FNP-BC	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW BELL	BOARD MEMBER	1.00	Director	$0	$0	$0
ARETHRA L THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES WALWYN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERYL ROSS	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
DAISY VALE	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL LAMB	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBRA JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
GOPAL BHALLA	BOARD MEMBER	1.00	Director	$0	$0	$0
INAUDY ESPOSITO	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON GIORDANO	TREASURER	1.00	Officer Director	$0	$0	$0
MARLENE MEDINA	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE MCKEON	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL S ERNENWEIN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RANDALL V COFFILL ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
REV NELSON MCALLISTER	BOARD MEMBER	1.00	Director	$0	$0	$0
RHONDA GREEN	SECRETARY	1.00	Officer Director	$0	$0	$0
WAYNE DAY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
AMY BOLOGNESE	VP OF FINANCE	35.00	Officer	$197,550	$6,264	$203,814
AVI SILBER MD	CHIEF MEDICAL OFFICER	35.00	Officer	$549,443	$32,884	$582,327
DAVID JOLLY	CHIEF EXECUTIVE OFFICER	35.00	Officer	$510,767	$23,871	$534,638
LINDA MULLER	OUTGOING CHIEF EXECUTIVE OFFICER	35.00	Officer	$728,122	$23,871	$751,993
ANGELA IANNITTI-HULSE	MEDICAL DIRECTOR	35.00	Highest	$317,188	$0	$317,188
GBOLAGADE O BABALOLA	PHYSICIAN	35.00	Highest	$302,425	$11,146	$313,571
JOSEPH LANZA	INTERIM CHIEF OF OB/GYN	35.00	Highest	$309,791	$32,884	$342,675
MARIE D JAMES	PHYSICIAN	35.00	Highest	$297,416	$11,146	$308,562
NATALIE M JOUVE	PHYSICIAN	35.00	Highest	$300,240	$0	$300,240
PATRICK MURPHY	OUTGOING CHIEF FINANCIAL OFFICER	35.00		$569,509	$0	$569,509

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	No data	No data	No data	No data
2023	$73,424,402	$68,877,305	$62,664,419	$4,547,097
2022	$65,441,211	$68,706,225	$57,345,045	$-3,265,014
2021	$81,978,062	$79,332,613	$59,599,065	$2,645,449
2021	$83,594,340	$79,548,492	$58,362,925	$4,045,848
2020	$50,605,284	$49,099,841	$45,954,625	$1,505,443
2019	$54,679,919	$52,391,224	$41,620,663	$2,288,695
2018	$49,659,776	$49,272,725	$40,700,699	$387,051

CORNERSTONE FAMILY HEALTHCARE FKA GREATER HUDSON VALLEY HEALTH CENTER