Montefiore Nyack Hospital Foundati… - 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

1984

Legal Domicile

Phone

8453482107

Tax Period

2024-01-01 to 2024-12-31

Montefiore Nyack Hospital Foundation Inc, founded in 1984, is a small nonprofit in the Health Care sector that reported $712K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 51% operating deficit.

Mission

ESTABLISHED IN 1985, MONTEFIORE NYACK HOSPITAL FOUNDATION'S MISSION IS TO BUILD ENDURING COMMUNITY RELATIONSHIPS THAT PROMOTE AND FINANCIALLY SUPPORT MONTEFIORE NYACK'S COMPREHENSIVE STATE-OF-THE-ART MEDICAL CARE, EXCEPTIONAL PROGRAMS, AND OUTSTANDING PATIENT EXPERIENCES.

Program Service Accomplishments

Program 1

MONTEFIORE NYACK FOUNDATION IS THE FUNDRAISING ARM OF THE HOSPITAL. ESTABLISHED IN 1985, THE FOUNDATION IS DEDICATED TO BUILDING MEANINGFUL RELATIONSHIPS BETWEEN THE HOSPITAL AND THE COMMUNITY, WHILE ALSO SEEKING PHILANTHROPIC DOLLARS TO HELP MONTEFIORE NYACK HOSPITAL ACHIEVE AND MAINTAIN THE HIGHEST LEVEL OF CARE FOR THE PATIENTS AND COMMUNITY MEMBERS WHO COUNT ON US AS THEIR COMMUNITY HOSPITAL. BECAUSE OF COMMUNITY SUPPORT, WE WERE ABLE TO PROVIDE STATE-OF-THE-ART MEDICAL CARE, EXCEPTIONAL PROGRAMS AND OUTSTANDING PATIENT EXPERIENCES. OUR COMMUNITY SUPPORT ENSURES THAT OUR HEALTHCARE TEAM STAYS ON THE LEADING EDGE OF TREATMENT AND TECHNOLOGY, PROVIDING THE BEST OF CARE, CLOSE TO HOME.

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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 (2024)

Revenue Breakdown

Contributions & Grants $769,935

Program Service Revenue $0

Investment Income $0

Other Revenue $-58,320

TOTAL REVENUE $711,615

Expense Breakdown

Grants Paid $500,000

Salaries & Benefits $406,776

Fundraising Expenses $564,637

Program Expenses $0

Other Expenses $171,051

TOTAL EXPENSES $1,077,827

Year-over-Year Comparison

	2024	2023	Change
Revenue	$711,615	$962,496	-0.3%
Expenses	$1,077,827	$597,665	+0.8%
Net Income	$-366,212	$364,831	-2.0%

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

N/A

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

$2,353,030

Total Directors

$1,281,711

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA BRANCA	SECRETARY	1.0	Officer Director	$0	$0	$0
FRANK BORELLI JR	VICE CHAIR	1.0	Officer Director	$0	$0	$0
MARK GELLER MD	PRESIDENT & CEO	1.0	Officer Director	$0	$46,141	$1,281,711
MARK JACOBS	CHAIR EMERITUS (EFFECTIVE 1/16/2024)	1.0	Officer Director	$0	$0	$0
PAUL ADLER ESQ	CHAIR (EFFECTIVE 1/16/2024)	1.0	Officer Director	$0	$0	$0
ALEX ZERVOULIAS	TRUSTEE	1.0	Director	$0	$0	$0
BRIAN FOLEY	TRUSTEE	1.0	Director	$0	$0	$0
BRIGITTE SIMON	TRUSTEE	1.0	Director	$0	$0	$0
CATHY SHEA	TRUSTEE	1.0	Director	$0	$0	$0
CHARLES MAIKISH	TRUSTEE	1.0	Director	$0	$0	$0
CHRISTOPHER CONOVER	TRUSTEE (RESIGNED 7/16/2024)	1.0	Director	$0	$0	$0
CLAUDETTE CLARKE	TRUSTEE (EFFECTIVE 10/15/2024)	1.0	Director	$0	$0	$0
DOUGLAS KATZ	TRUSTEE	1.0	Director	$0	$0	$0
GEORGE HODGES ESQ	TRUSTEE (RESIGNED 10/15/2024)	1.0	Director	$0	$0	$0
JAMIL F RIZQALLA DO	TRUSTEE	1.0	Director	$0	$0	$0
JILL PITTORE	TRUSTEE	1.0	Director	$0	$0	$0
KATHERINE TORPEY	TRUSTEE	1.0	Director	$0	$0	$0
KEVIN R FRANCIS CPA	TRUSTEE	1.0	Director	$0	$0	$0
LISA BROOKS-GREAUX EDD	TRUSTEE (RESIGNED 5/1/2024)	1.0	Director	$0	$0	$0
MICHAEL LEHNER	TRUSTEE (RESIGNED 7/16/2024)	1.0	Director	$0	$0	$0
NATHANIEL SAMUELS	TRUSTEE	1.0	Director	$0	$0	$0
STEPHEN KASAMIS	TRUSTEE	1.0	Director	$0	$0	$0
STEPHEN PASSANANTE	TRUSTEE	1.0	Director	$0	$0	$0
VANESSA REGGIARDO	TRUSTEE (RESIGNED 7/16/2024)	1.0	Director	$0	$0	$0
VINCENT D ABBATECOLA	TRUSTEE (RESIGNED 5/1/2024)	1.0	Director	$0	$0	$0
JOHN S BURKE	TREASURER/CFO	1.0	Officer	$0	$65,231	$848,756
TRACIE D MCLEE	EXEC DIRECTOR	50.0	Officer	$0	$33,334	$222,563

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	$711,615	$1,077,827	$3,120,391	$-366,212
2023	$962,496	$597,665	$3,379,470	$364,831
2022	$646,435	$1,100,668	$2,557,041	$-454,233
2021	$1,360,847	$564,467	$3,149,508	$796,380
2020	$847,402	$1,349,061	$2,060,829	$-501,659
2019	$775,271	$3,721,928	$2,596,274	$-2,946,657

Montefiore Nyack Hospital Foundation Inc