THE SOUTHAMPTON HOSPITAL FOUNDATION INC

EIN: 113466516 501(c)(3) Health Care

SOUTHAMPTON, NY

Total Revenue
$17,725,918
Total Expenses
$21,407,232
Total Assets
$21,667,686
Net Assets
$17,961,301
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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
1996
Legal Domicile
NY
Principal Officer
EMILY MASTALER
Phone
6317268301
Tax Period
2023-01-01 to 2023-12-31

THE SOUTHAMPTON HOSPITAL FOUNDATION INC, founded in 1996, is a mid-sized nonprofit in the Health Care sector that reported $17.7M in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $21.4M exceeded revenue, resulting in a 21% operating deficit.

Mission

TO HEIGHTEN AWARENESS, PROMOTE GOODWILL AND MAXIMIZE PRIVATE PHILANTHROPY TO ADVANCE AND STRENGTHEN THE MISSION AND VISION OF STONY BROOK SOUTHAMPTON HOSPITAL AS WELL AS SOUTHAMPTON HOSPITALASSOCIATION, A RELATED 501(C)(3) 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $17,452,733
Program Service Revenue $0
Investment Income $750,487
Other Revenue $-477,302
TOTAL REVENUE $17,725,918

Expense Breakdown

Grants Paid $19,415,592
Salaries & Benefits $746,335
Fundraising Expenses $1,942,352
Program Expenses $19,415,592
Other Expenses $730,809
TOTAL EXPENSES $21,407,232

Year-over-Year Comparison

2023 2022 Change
Revenue $17,725,918 $11,550,242 +0.5%
Expenses $21,407,232 $2,989,222 +6.2%
Net Income $-3,681,314 $8,561,020 -1.4%
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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
9

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
5
$0
Total Directors
9
$0
Key Employees
1
$185,550
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOWARD M LORBER CHAIRMAN 0.50
Officer Director
$0 $0 $0
GILBERT W HARRISON TREASURER 0.50
Officer Director
$0 $0 $0
JEAN REMMEL LITTLE SECRETARY 0.50
Officer Director
$0 $0 $0
PAUL C BRENNAN TRUSTEE 0.50
Director
$0 $0 $0
JOHN M HADLOCK ESQ TRUSTEE 0.50
Director
$0 $0 $0
FR ALEX KARLOUTSOS TRUSTEE 0.50
Director
$0 $0 $0
CHARLES B KRUSEN TRUSTEE 0.50
Director
$0 $0 $0
ADAM MILLER TRUSTEE 0.50
Director
$0 $0 $0
BETTINA A STELLE TRUSTEE 0.50
Director
$0 $0 $0
CHRISTOPHER J SCHULTHEIS CHIEF FINANCIAL OFFICER 0.50
Officer
$0 $0 $0
ROBERT S CHALONER PRESIDENT & CEO 7.50
Officer
$0 $0 $0
MIRELLA S CAMERAN REILLY INTERIM CDO 37.50
Key Emp
$179,141 $6,409 $185,550
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 $17,725,918 $21,407,232 $21,667,686 $-3,681,314
2022 $11,550,242 $2,989,222 $28,336,419 $8,561,020
2021 $6,341,557 $5,132,159 $17,901,329 $1,209,398
2020 $11,473,719 $8,201,106 $13,375,616 $3,272,613
2019 $7,675,833 $5,258,456 $9,040,678 $2,417,377
2018 $7,295,173 $4,809,594 $6,636,215 $2,485,579
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