BASSETT HOSPITAL OF SCHOHARIE COUN… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

STACI THOMPSON

Phone

5182543456

Tax Period

2023-01-01 to 2023-12-31

BASSETT HOSPITAL OF SCHOHARIE COUNTY, founded in 1994, is a mid-sized nonprofit in the Health Care sector that reported $47.1M in total revenue in fiscal year 2023. The organization ran a surplus of $8.2M, a strong 17% operating margin.

Mission

PROVISION OF HEALTH CARE SERVICES TO RESIDENTS OF SCHOHARIE COUNTY AND THE SURROUNDING REGION.

Program Service Accomplishments

Program 1

Expenses: $29,845,266 Revenue: $44,626,394

PROVISION OF HOSPITAL CARE TO RESIDENTS OF SCHOHARIE COUNTY AND THE SURROUNDING REGION. INPATIENT AND OUTPATIENT SERVICES PROVIDED TO OUR PATIENTS RESULTED IN:HOSPITALIZATIONS: 816PATIENT DAYS...

PROVISION OF HOSPITAL CARE TO RESIDENTS OF SCHOHARIE COUNTY AND THE SURROUNDING REGION. INPATIENT AND OUTPATIENT SERVICES PROVIDED TO OUR PATIENTS RESULTED IN:HOSPITALIZATIONS: 816PATIENT DAYS: 4,817CLINIC VISITS: 25,927ER VISITS: 11,865SURGICAL CASES: 410

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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 $2,381,131

Program Service Revenue $44,626,394

Investment Income $111,675

Other Revenue $14,750

TOTAL REVENUE $47,133,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,690,026

Fundraising Expenses $0

Program Expenses $29,845,266

Other Expenses $24,235,998

TOTAL EXPENSES $38,926,024

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,133,950	$44,747,866	+0.1%
Expenses	$38,926,024	$35,093,854	+0.1%
Net Income	$8,207,926	$9,654,012	-0.1%

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

217

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

$742,362

Total Directors

$768,432

Key Employees

$277,342

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN A KROLL	CHAIR	0.50	Officer Director	$0	$0	$0
PATRICIA A O'CONNOR PHD	VICE CHAIR	0.50	Officer Director	$0	$0	$0
ANTONINO COGLIANDRO	TRUSTEE	0.50	Director	$0	$0	$0
JENNIFER SAUNDERS	TREASURER	0.50	Officer Director	$0	$0	$0
DANIEL M AYRES	SECRETARY	0.50	Director	$0	$0	$0
DEBORAH FUNK VALOIS MD	TRUSTEE	0.50	Director	$0	$37,855	$476,455
AMY E GILDEMEISTER PHD	TRUSTEE	0.50	Director	$0	$0	$0
JOSEPH R SELLERS MD	TRUSTEE	0.50	Director	$0	$25,539	$291,977
SUE ELLEN WAGNER	TRUSTEE	0.50	Director	$0	$0	$0
JOHN ZACHAREK	TRUSTEE	0.50	Director	$0	$0	$0
STEVEN PALMER	TRUSTEE	0.50	Director	$0	$0	$0
TOMMY IBRAHIM MD	PRESIDENT	0.50	Officer	$0	$33,236	$742,362
SUSAN OAKES-FERRUCCI	CHIEF HOSPITAL EXECUTIVE / HCE	40.00	Key Emp	$257,286	$20,056	$277,342
CHRISTOPHER MANLEY	SUPERVISING PHARMACIST	40.00	Highest	$167,883	$13,538	$181,421
GHAZALA NATHU	CLINICAL DIRECTOR LABORATORY	40.00	Highest	$227,844	$8,812	$236,656
MARCIA WHITBECK	PHAMACIST II	40.00	Highest	$189,058	$8,181	$197,239
KIMBERLY ZIELINSKI	RN IV - ACUTE SERVICES	40.00	Highest	$151,184	$6,426	$157,610
CINDY PALMER	RN	40.00	Highest	$150,047	$7,011	$157,058
ERIC STEIN	FORMER PRESIDENT	0.00		$0	$0	$162,020
CHRISTINE PIRRI	FORMER VP NON-CLINICAL OPS	0.00		$0	$2,420	$368,704

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	$47,133,950	$38,926,024	$60,021,391	$8,207,926
2022	$44,747,866	$35,093,854	$49,556,369	$9,654,012
2021	$38,474,739	$30,357,600	$50,070,763	$8,117,139
2020	$37,284,692	$31,244,386	$38,686,098	$6,040,306
2019	$34,507,706	$30,249,553	$28,778,264	$4,258,153
2018	$29,347,623	$29,894,081	$23,640,184	$-546,458

BASSETT HOSPITAL OF SCHOHARIE COUNTY