HOOSICK FALLS HEALTH CENTER INC

EIN: 141370000 501(c)(3) Health Care

HOOSICK FALLS, NY

Total Revenue
$7,393,748
Total Expenses
$7,990,660
Total Assets
$5,542,345
Net Assets
$-8,876,657
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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
1914
Legal Domicile
NY
Principal Officer
GREGORY LAURIN
Phone
5186864371
Tax Period
2024-01-01 to 2024-12-31

HOOSICK FALLS HEALTH CENTER INC, founded in 1914, is a community nonprofit in the Health Care sector that reported $7.4M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum.

Mission

THE CENTERS MISSION IS TO PROVIDE REHABILITATION AND LONG-TERM CARE SERVICES TO THOSE IN NEED. WE STRIVE TO PROVIDE RESIDENT CENTERED CARE IN OUR 82 BED SKILLED NURSING FACILITY SO THAT EACH RESIDENT HAS THE OPPORTUNITY TO REACH THEIR MAXIMUM POTENTIAL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $15,231
Program Service Revenue $7,363,756
Investment Income $2,015
Other Revenue $12,746
TOTAL REVENUE $7,393,748

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,183,734
Fundraising Expenses $0
Program Expenses $6,698,343
Other Expenses $3,806,926
TOTAL EXPENSES $7,990,660

Year-over-Year Comparison

2024 2023 Change
Revenue $7,393,748 $5,583,110 +0.3%
Expenses $7,990,660 $8,317,726 0.0%
Net Income $-596,912 $-2,734,616 -0.8%
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
6
Independent Members
5
Employees
213
Volunteers
12

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
$530,156
Total Directors
7
$878,429
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT LABA TREASURER & CFO 1.00
Officer Director
$0 $40,761 $422,430
GREGORY LAURIN PRESIDENT 2.00
Officer Director
$0 $0 $0
WILLIAM KOESTER 1ST VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JOYCE DAVIS SECRETARY 1.00
Officer Director
$0 $0 $0
KEVIN DAILEY DIRECTOR THRU OCT 2024 1.00
Director
$0 $84,810 $455,999
BILL COTTRELL DIRECTOR 1.00
Director
$0 $0 $0
PATTY RYAN DIRECTOR 1.00
Director
$0 $0 $0
MENACHEM SHEPHERD SITE ADMINISTRATOR 40.00
Officer
$107,681 $45 $107,726
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 $7,393,748 $7,990,660 $5,542,345 $-596,912
2023 $5,583,110 $8,317,726 $4,757,573 $-2,734,616
2022 $4,800,922 $7,130,697 $4,891,140 $-2,329,775
2021 $6,084,654 $8,163,100 $4,877,210 $-2,078,446
2020 $7,126,618 $8,212,104 $5,281,403 $-1,085,486
2019 $8,051,041 $8,325,832 $6,286,203 $-274,791
2018 $8,776,486 $8,303,793 $7,256,497 $472,693
2016 $6,274,819 $6,597,856 $3,633,166 $-323,037
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