ELLIS HOSPITAL FOUNDATION INC THE FOUNDATION FOR ELLIS MEDICINE (EIN 141638957) - 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

KAREN MANTAS

Phone

5182434600

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

THE MISSION OF THE FOUNDATION FOR ELLIS MEDICINE IS TO INCREASE PHILANTHROPY, AWARENESS AND ADVOCACY FOR ELLIS MEDICINE TO ENSURE AND SUPPORT QUALITY, LIFESAVING HEALTHCARE IN OUR COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,903,228

Program Service Revenue $0

Investment Income $523,275

Other Revenue $-159,385

TOTAL REVENUE $4,267,118

Expense Breakdown

Grants Paid $2,049,406

Salaries & Benefits $690,391

Fundraising Expenses $837,584

Program Expenses $2,049,406

Other Expenses $302,123

TOTAL EXPENSES $3,341,920

Year-over-Year Comparison

	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%

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

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

$206,191

Total Directors

Key Employees

Highest Compensated

reported

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

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	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

ELLIS HOSPITAL FOUNDATION INC THE FOUNDATION FOR ELLIS MEDICINE