LEAGUE OF VOLUNTARY HOSPITALS & HO… - Form 990 Financial Data

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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

1967

Legal Domicile

Principal Officer

MARC KRAMER

Phone

2129568900

Tax Period

2023-10-01 to 2024-09-30

LEAGUE OF VOLUNTARY HOSPITALS & HOMES OF NY, founded in 1967, is a community nonprofit that reported $5.1M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $1.1M, a strong 22% operating margin.

Mission

THE ORGANIZATION PROMOTES THE GENERAL WELFARE OF ITS MEMBER HOSPITALS AND HOMES AND ESTABLISHES AND MAINTAINS A BASIS FOR COOPERATION AMONG ITS MEMBER HOSPITALS AND HOMES IN FIELD OF COLLECTIVE BARGAINING AND PERSONNEL ADMINISTRATION.

Program Service Accomplishments

Program 1

THE LEAGUE OF VOLUNTARY HOSPITALS AND HOMES OF NEW YORK IS AN ASSOCIATION, FORMED IN 1967, OF NON PROFIT MEDICAL CENTERS, HOSPITALS, NURSING HOMES AND THEIR AFFILIATED FACILITIES IN THE GREATER NEW YORK METROPOLITAN AREA AND OTHER EMPLOYERS WITH EMPLOYEES REPRESENTED FOR COLLECTIVE BARGAINING BY 1199 SEIU. THE LEAGUE ACTS AS THE BARGANING AGENT FOR ITS MEMBERS IN LABOR CONTRACTS AND REPRESENTS THEM PRIMARILY IN THE NEGOTIATIONS WITH 1199 SEIU, UNITED HEALTHCARE WORKERS EAST.

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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 $4,525,145

Investment Income $601,795

Other Revenue $1,512

TOTAL REVENUE $5,128,452

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,205,351

Fundraising Expenses $0

Other Expenses $1,796,338

TOTAL EXPENSES $4,001,689

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,128,452	$5,475,760	-0.1%
Expenses	$4,001,689	$4,051,098	0.0%
Net Income	$1,126,763	$1,424,662	-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

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

$1,415,782

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARC Z KRAMER	PRESIDENT	40.0	Officer	$1,025,486	$0	$1,025,486
JENNA L HAYES	SENIOR VICE PRESIDENT	40.0	Officer	$230,761	$13,260	$244,021
SEAN MOORE	ASSISTANT VICE PRESIDENT	40.0	Officer	$146,275	$0	$146,275
STEVEN CORWIN MD	CHAIRMAN	0.5	Officer Director	$0	$0	$0
JOSEPH J LHOTA	TREASURER	0.5	Officer Director	$0	$0	$0
MICHAEL J DOWLING	SECRETARY	0.5	Officer Director	$0	$0	$0
DAVID WAGNER	BOARD MEMBER	0.5	Director	$0	$0	$0
LARAY BROWN	BOARD MEMBER	0.5	Director	$0	$0	$0
RONALD J CORTI	BOARD MEMBER	0.5	Director	$0	$0	$0
KENNETH L DAVIS MD	BOARD MEMBER	0.5	Director	$0	$0	$0
JEFFREY I FARBER MD	BOARD MEMBER	0.5	Director	$0	$0	$0
BRUCE J FLANZ	BOARD MEMBER	0.5	Director	$0	$0	$0
KENNETH D GIBBS	BOARD MEMBER	0.5	Director	$0	$0	$0
SCOTT LARUE	BOARD MEMBER	0.5	Director	$0	$0	$0
PHILIP O OZUAH MD PHD	BOARD MEMBER	0.5	Director	$0	$0	$0
DR DAVID PERLSTEIN	BOARD MEMBER	0.5	Director	$0	$0	$0
MICAEL N ROSENBLUT	BOARD MEMBER	0.5	Director	$0	$0	$0
PAUL ROSENFELD	BOARD MEMBER	0.5	Director	$0	$0	$0
GARY G TERRINONI	BOARD MEMBER	0.5	Director	$0	$0	$0
SANDRA SCOTT MD	BOARD MEMBER	0.5	Director	$0	$0	$0
ROBERT GUIMENTO	BOARD MEMBER	0.5	Director	$0	$0	$0

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	$5,128,452	$4,001,689	$18,558,284	$1,126,763
2023	$5,475,760	$4,051,098	$14,836,987	$1,424,662
2022	$4,963,663	$3,450,243	$13,070,991	$1,513,420
2021	$5,731,586	$3,997,298	$13,065,237	$1,734,288
2020	$5,334,007	$4,030,956	$11,401,781	$1,303,051
2019	$7,462,766	$7,222,891	$9,149,548	$239,875
2018	$4,692,751	$4,495,759	$9,211,285	$196,992
2017	$4,342,920	$3,838,945	$8,830,492	$503,975

LEAGUE OF VOLUNTARY HOSPITALS & HOMES OF NY