SCHENECTADY FAMILY HEALTH SERVICES (EIN 141636222) - 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

1982

Legal Domicile

Principal Officer

TIM STARR

Phone

5183701441

Tax Period

2024-01-01 to 2024-12-31

SCHENECTADY FAMILY HEALTH SERVICES, founded in 1982, is a mid-sized nonprofit in the Health Care sector that reported $22.2M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

HOMETOWN HEALTH CENTERS IS A TOP RATED MEDICAL, DENTAL AND BEHAVIORAL HEALTHCARE PROVIDER RECOGNIZED FOR ITS HIGH-QUALITY CARE BY THE NATIONAL COMMITTEE FOR QUALITY ASSURANCE. HOMETOWN OFFERS PATIENT-CENTERED CULTURALLY SENSITIVE, AND LINGUISTICALLY APPROPRIATE CARE AND SERVICES TO A LARGELY MEDICALLY UNDER-SERVED POPULATION IN A FRIENDLY, WELCOMING ENVIRONMENT. HOMETOWN HEALTH CENTERS EMPHASIZES THE IMPORTANCE OF PRIMARY CARE AND PREVENTIVE SERVICES WHICH HAS BEEN PROVEN TO REDUCE HEALTH DISPARITIES FOR LOW-INCOME INDIVIDUALS, RACIAL AND ETHNIC MINORITIES AND OTHER VULNERABLE POPULATIONS. THE HEALTH CENTER IS GOVERNED BY A BOARD OF DIRECTORS COMPRISED MOSTLY OF PATIENT CONSUMERS, WHICH ENSURES THE CARE DELIVERED IS SPECIFICALLY FOCUSED ON THE NEEDS OF THE COMMUNITY IT SERVES.

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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 $4,423,592

Program Service Revenue $16,548,942

Investment Income $210,481

Other Revenue $997,008

TOTAL REVENUE $22,180,023

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,045,684

Fundraising Expenses $0

Program Expenses $18,814,454

Other Expenses $8,058,712

TOTAL EXPENSES $24,104,396

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,180,023	$28,711,261	-0.2%
Expenses	$24,104,396	$21,518,637	+0.1%
Net Income	$-1,924,373	$7,192,624	-1.3%

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

207

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

$776,828

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM FAUBION	BOARD MEMBER	1.00	Director	$0	$0	$0
CATHERINE LEWIS	TREASURER	1.00	Officer Director	$0	$0	$0
DONALD LIEBERS	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD CORREA	DIRECTOR	1.00	Director	$0	$0	$0
EVAN BROOKSBY	CHAIR	1.00	Officer Director	$0	$0	$0
CAROLINE WELCH	CHAIR ELECT	1.00	Director	$0	$0	$0
ASHLEY POLLOCK	DIRECTOR	1.00	Director	$0	$0	$0
KEIVA MORGAN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW BIGNESS	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA UDAIRAM	DIRECTOR	1.00	Officer Director	$0	$0	$0
DOREEN WATSON	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN VANDERBECK	DIRECTOR	1.00	Director	$0	$0	$0
PEDRO AVILES	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH GAMBINO	CHIEF EXECUTIVE OFFICER	40.00	Officer	$345,081	$36,858	$381,939
SEBA VARUGHESE	CHIEF OPERATING OFFICER	40.00	Officer	$147,388	$30,362	$177,750
TIMOTHY STARR	CHIEF FINANCIAL OFFICER	40.00	Officer	$198,269	$18,870	$217,139
CRISTINE ESPINOSA MD	CHIEF MEDICAL OFFICER	40.00	Highest	$285,022	$30,479	$315,501
RORY OGDEN DDS	CHIEF DENTAL OFFICER	40.00	Highest	$242,586	$19,915	$262,501
GURINDER WADHWA	DENTIST	25.00	Highest	$247,587	$21,157	$268,744
KEARA SEASE	PHYSICIAN FAMILY PRACTICE	40.00	Highest	$223,868	$32,725	$256,593
PAUL JESEP	CHIEF ETHICS AND COMPLIANCE OFFICER	1.00	Highest	$223,711	$20,022	$243,733

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	$22,180,023	$24,104,396	$27,414,762	$-1,924,373
2023	$28,711,261	$21,518,637	$28,787,301	$7,192,624
2022	$21,655,550	$20,317,134	$22,102,932	$1,338,416
2021	$22,478,656	$18,596,568	$19,045,497	$3,882,088
2020	$19,287,479	$17,541,994	$14,881,320	$1,745,485
2019	$18,458,112	$17,087,030	$13,283,993	$1,371,082
2018	$17,368,792	$15,556,050	$12,404,887	$1,812,742

SCHENECTADY FAMILY HEALTH SERVICES