ST CLARE'S CORPORATION

EIN: 141338500 501(c)(3)

ALBANY, NY

Total Revenue
$89,240
Total Expenses
$579,585
Total Assets
$565,729
Net Assets
$-52,934,271
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
NY
Principal Officer
JOSEPH F POFIT
Phone
5184536650
Tax Period
2018-01-01 to 2018-12-31

ST CLARE'S CORPORATION, founded in 1945, is a micro nonprofit that reported $89K in total revenue in fiscal year 2018. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $580K exceeded revenue, resulting in a 549% operating deficit.

Mission

THE ORGANIZATION FORMERLY OPERATED ST.CLARE'S HOSPITAL OF SCHENECTADY, NEW YORK. THE CORPORATION'S PRINCIPAL PURPOSE IS TO GENERALLY PROMOTE THE HEALTH OF RESIDENTS OF SCHENECTADY COUNTY AND SERVE AS AN AUXILIARY OF THE ALBANY DIOCESE OF THE ROMAN CATHOLIC CHURCH.

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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 (2018)

Revenue Breakdown

Contributions & Grants $11,165
Program Service Revenue $77,617
Investment Income $458
Other Revenue $0
TOTAL REVENUE $89,240

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $142,210
Other Expenses $579,585
TOTAL EXPENSES $579,585

Year-over-Year Comparison

2018 2017 Change
Revenue $89,240 $315,976 -0.7%
Expenses $579,585 $217,630 +1.7%
Net Income $-490,345 $98,346 -6.0%
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

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Governance

Voting Members
10
Independent Members
10
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
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV EDWARD B SCHARFENBERGER TRUSTEE 0.25
Director
$0 $0 $0
JOSEPH F POFIT CHARIMAN 10.00
Officer Director
$0 $0 $0
MARGARET MOORE SECRETARY 0.25
Officer Director
$0 $0 $0
REV RICHARD CARLINO TRUSTEE 0.25
Director
$0 $0 $0
MARIE GORMAN TRUSTEE 0.25
Director
$0 $0 $0
MARK HANDELMAN TRUSTEE 0.25
Director
$0 $0 $0
REV DOMINIC P ISOPO TRUSTEE 0.25
Director
$0 $0 $0
WILLIAM J MATHER TRUSTEE 0.25
Director
$0 $0 $0
ROBERT PHILLIPS TRUSTEE 0.25
Director
$0 $0 $0
MICHAEL F QUINN TREASURER 0.25
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
2018 $89,240 $579,585 $565,729 $-490,345
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