SCHENECTADY, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ELLIS HOSPITAL FOUNDATION INC THE FOUNDATION FOR ELLIS MEDICINE, founded in 1982, is a community nonprofit in the Health Care sector that reported $4.3M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $925K, a strong 22% operating margin.
THE FOUNDATION FOR ELLIS MEDICINE ENSURES QUALITY HEALTHCARE IN OUR COMMUNITY BY RAISING, INVESTING AND DISTRIBUTING FUNDS THAT SUPPORT THE LIFESAVING WORK PERFORMED AT ELLIS MEDICINE. THROUGH THE CHARITABLE GIFTS OF INDIVIDUALS, CORPORATIONS AND FOUNDATIONS, OUR ORGANIZATION HELPS ADVANCE ELLIS MEDICINE'S MISSION TO SERVE THE COMMUNITY AND REINVENT HEALTHCARE - ONE PATIENT AT A TIME.
THE FOUNDATION FOR ELLIS MEDICINE ACCEPTS GIFTS FROM THE COMMUNITY THAT SUPPORT MANY NEEDS OF THE HOSPITAL, INCLUDING THE PURCHASE OF STATE-OF-THE-ART MEDICAL EQUIPMENT AND SUPPLIES; UNDERWRITING...
THE FOUNDATION FOR ELLIS MEDICINE ACCEPTS GIFTS FROM THE COMMUNITY THAT SUPPORT MANY NEEDS OF THE HOSPITAL, INCLUDING THE PURCHASE OF STATE-OF-THE-ART MEDICAL EQUIPMENT AND SUPPLIES; UNDERWRITING PROGRAMS THAT SERVICE THE COMMUNITY INCLUDING THE MEDICALLY UNDERSERVED; RENOVATING AND UPDATING FACILITIES; AND PROVIDING CONTINUING EDUCATION AND SCHOLARSHIPS FOR OUR NURSES, PHYSICIANS AND STAFF.OF THE MANY ACCOMPLISHMENTS DURING 2023, THE THREE LARGEST INVESTMENTS WERE IN CAPITAL IMPROVEMENTS, EDUCATION AND PROGRAM SALARIES. CAPITAL IMPROVEMENTS INCLUDED NEW TECHNOLOGY TO PROVIDE LIFESAVING CANCER AND CARDIOVASCULAR CARE AND UPDATED SURGICAL EQUIPMENT ($1,254,344). ELLIS PROMISE, A NEW INITIATIVE FOCUSED ON DEVELOPING A WORKFORCE OF NURSES, CLINICIANS, AND SUPPORT STAFF FOR NOW AND THE FUTURE FROM WITHIN THE CITY OF SCHENECTADY AS WELL AS PROVIDING SCHOLARSHIPS, AWARDS AND FUNDING FOR CONTINUING EDUCATION FOR NURSING STUDENTS, RNS IN PURSUIT OF THEIR BACHELOR OR MASTER'S DEGREES AND OTHER EMPLOYEES ($335,766). PHILANTHROPY ALSO SUPPORTED THE SALARIES AND COSTS OF THE ELLIS OUTPATIENT MENTAL HEALTH PROGRAM, THE LIVING ROOM ($258,794).
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $4,267,118 | $4,647,115 | -0.1% |
| Expenses | $3,341,920 | $5,003,868 | -0.3% |
| Net Income | $925,198 | $-356,753 | -3.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JAMES BARNES ESQ | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANTONIO CIVITELLA | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BECKY DANIELS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| COLLEEN DIBBLE MD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER DOLINSKY MD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVEN GIOVANNONE MD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH GUERIN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHELE HEWITT DNP RN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID C HORAN JR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JIM HURLEY | BOARD CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SARAH JOHNSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BONNIE KELLAR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| AMANDA KURYLUK ESQ | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CATHERINE LEWIS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JONATHAN LOECK | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MATT LOMBARDO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| STACY MARBLE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHANIE MUMFORD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ANNE PHILLIPS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LAUREN SHARKEY ESQ | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRISTIAN SOLLER ESQ | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| A EMILE WALRAVEN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM ZARZYCKI | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KAREN MANTAS | EXECUTIVE DIRECTOR | 55.00 |
Officer
|
$194,107 | $12,084 | $206,191 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $4,267,118 | $3,341,920 | $23,020,389 | $925,198 |
| 2022 | $4,647,115 | $5,003,868 | $21,424,667 | $-356,753 |
| 2021 | $6,461,216 | $4,337,397 | $24,325,863 | $2,123,819 |
| 2020 | $10,842,127 | $4,434,251 | $22,133,451 | $6,407,876 |
| 2019 | $3,174,504 | $3,633,789 | $16,493,545 | $-459,285 |
| 2018 | $2,796,613 | $3,923,790 | $15,037,909 | $-1,127,177 |
Compare ELLIS HOSPITAL FOUNDATION INC THE FOUNDATION FOR ELLIS MEDICINE with other nonprofits in New York and across the country.