SARATOGA CARE INC

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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

1985

Legal Domicile

Principal Officer

Angelo Calbone

Phone

5185838433

Tax Period

2019-01-01 to 2019-12-31

SARATOGA CARE INC, founded in 1985, is a community nonprofit in the Health Care sector that reported $1.8M in total revenue in fiscal year 2019. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $2.3M exceeded revenue, resulting in a 32% operating deficit.

Mission

To serve the people of the Saratoga region by providing them access to excellence in healthcare in a supportive and caring environment.

Program Service Accomplishments

Program 1

Expenses: $1,796,629 Revenue: $24,467

The foremost commitment of SCI is to enable its affiliated entity (Saratoga Hospital) to provide superior quality healthcare to the people of our community, regardless of their ability to pay.

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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 (2019)

Revenue Breakdown

Contributions & Grants $1,710,275

Program Service Revenue $0

Investment Income $26,174

Other Revenue $24,467

TOTAL REVENUE $1,760,916

Expense Breakdown

Grants Paid $1,796,629

Salaries & Benefits $376,615

Fundraising Expenses $528,439

Program Expenses $1,796,629

Other Expenses $151,824

TOTAL EXPENSES $2,325,068

Year-over-Year Comparison

	2019	2018	Change
Revenue	$1,760,916	$2,641,498	-0.3%
Expenses	$2,325,068	$2,624,405	-0.1%
Net Income	$-564,152	$17,093	-34.0%

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

N/A

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

$1,593,719

Total Directors

$2,367,280

Key Employees

$112,871

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steven Frisch MD	Board Member	2.5	Director	$0	$121,031	$1,207,008
Angelo Calbone	President/CEO	2.5	Officer Director	$0	$35,490	$1,160,272
Gary Foster	VP & CFO	2.5	Officer	$0	$17,892	$433,447
Meredith Woolford	Executive Director of Foundation	38	Key Emp	$94,795	$18,076	$112,871
Michael H Iacolucci	Board Member	2.5	Director	$0	$0	$0
Theresa M Skaine	Chairperson	2.5	Director	$0	$0	$0
N Keith Stewart	Treasurer	2.5	Director	$0	$0	$0
Michael J Toohey	Vice Chairperson	2.5	Director	$0	$0	$0
Susan Dake	Board Member	2.5	Director	$0	$0	$0
Judith A Ekman	Board Member	2.5	Director	$0	$0	$0
Frank L Messa	Board Member	2.5	Director	$0	$0	$0
Donna Montalto	Board Member	2.5	Director	$0	$0	$0
Marianne Mustafa MD	Board Member	2.5	Director	$0	$0	$0
Alan C Oppenheim	Board Member	2.5	Director	$0	$0	$0
Thomas Roohan	Board Member	2.5	Director	$0	$0	$0
Heather Ward	Board Member	2.5	Director	$0	$0	$0
Michael D West	Board Member	2.5	Director	$0	$0	$0
Janice M White	Secretary	2.5	Director	$0	$0	$0
Robert Cushing	Board Member	2.5	Director	$0	$0	$0

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
2019	$1,760,916	$2,325,068	$2,703,535	$-564,152
2018	$2,641,498	$2,624,405	$3,302,271	$17,093