GREATER NEW YORK HOSPITAL FOUNDATION INC (EIN 132954140) - 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

1978

Legal Domicile

Principal Officer

KENNETH E RASKE

Phone

2122467100

Tax Period

2023-01-01 to 2023-12-31

GREATER NEW YORK HOSPITAL FOUNDATION INC, founded in 1978, is a small nonprofit in the Health Care sector that reported $368K in total revenue in fiscal year 2023. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $621K exceeded revenue, resulting in a 69% operating deficit.

Mission

TO IDENTIFY AND IMPLEMENT INNOVATIVE SOLUTIONS TO CHALLENGES FACING THE HEALTH CARE SYSTEM.

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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 $190,000

Program Service Revenue $169,500

Investment Income $8,091

Other Revenue $0

TOTAL REVENUE $367,591

Expense Breakdown

Grants Paid $0

Salaries & Benefits $251,506

Fundraising Expenses $0

Program Expenses $511,009

Other Expenses $369,817

TOTAL EXPENSES $621,323

Year-over-Year Comparison

	2023	2022	Change
Revenue	$367,591	$1,382,455	-0.7%
Expenses	$621,323	$974,850	-0.4%
Net Income	$-253,732	$407,605	-1.6%

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

$7,467,733

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP OZUAH	TREASURER (THRU 5/23); CHAIR	0.13	Officer Director	$0	$0	$0
PATRICK M O'SHAUGHNESSY	SECRETARY (THRU 5/23); VICE CHAIR	0.13	Officer Director	$0	$0	$0
MITCHELL KATZ	VICE CHAIR HEALTH & HOSPITALS	0.13	Officer Director	$0	$0	$0
JEFFREY I FARBER	VICE CHAIR LONG TERM CARE	0.13	Officer Director	$0	$0	$0
DONALD BOYD	ASST TREAS (THRU 5/23); TREASURER	0.13	Officer Director	$0	$0	$0
SELWYN M VICKERS	SECRETARY (AS OF 6/23)	0.13	Officer Director	$0	$0	$0
RICHARD DAVIS	ASSISTANT TREASURER (AS OF 6/23)	0.13	Officer Director	$0	$0	$0
DAVID PERLSTEIN	ASSISTANT SECRETARY	0.13	Officer Director	$0	$0	$0
COLLEEN M BLYE	CHAIR, AUDIT & COMPLIANCE COMMITTEE	0.13	Officer Director	$0	$0	$0
KENNETH GIBBS	CHAIR (THRU 5/23); IMMED PAST CHAIR	0.13	Officer Director	$0	$0	$0
LARAY BROWN	PAST CHAIR	0.13	Officer Director	$0	$0	$0
STEVEN CORWIN	PAST CHAIR	0.13	Officer Director	$0	$0	$0
ROBERT GROSSMAN	PAST CHAIR (AS OF 6/23)	0.13	Officer Director	$0	$0	$0
KENNETH DAVIS	PAST CHAIR (AS OF 6/23)	0.13	Officer Director	$0	$0	$0
MICHAEL DOWLING	PAST CHAIR (AS OF 6/23)	0.13	Officer Director	$0	$0	$0
KATHRYN MARTIN	VICE CHAIR (THRU 5/23)	0.13	Officer Director	$0	$0	$0
KIMBERLY BOYNTON	AT LARGE (THRU 5/23)	0.13	Director	$0	$0	$0
LOUIS A SHAPIRO	PAST CHAIR (THRU 5/23)	0.13	Officer Director	$0	$0	$0
KENNETH E RASKE	PRESIDENT	0.08	Officer	$0	$105,535	$3,181,990
LEE H PERLMAN	EVP, CHIEF ADMIN/FINANCE OFFICER	0.08	Officer	$0	$73,824	$3,804,294
TIMOTHY JOHNSON	EXECUTIVE DIRECTOR	4.17	Officer	$0	$69,604	$481,449

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	$367,591	$621,323	$1,072,277	$-253,732
2022	$1,382,455	$974,850	$1,523,075	$407,605
2021	$3,076,504	$3,343,889	$984,240	$-267,385
2020	$21,110,424	$20,793,403	$2,004,015	$317,021
2019	$5,275,880	$5,177,384	$1,459,610	$98,496
2018	$6,869,380	$8,592,176	$1,278,151	$-1,722,796

GREATER NEW YORK HOSPITAL FOUNDATION INC