SARATOGA CARE INC

EIN: 141775218 501(c)(3) Health Care

Saratoga Springs, NY

Total Revenue
$1,760,916
Total Expenses
$2,325,068
Total Assets
$2,703,535
Net Assets
$2,446,601
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
NY
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.

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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%)

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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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Governance

Voting Members
17
Independent Members
15
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
2
$1,593,719
Total Directors
17
$2,367,280
Key Employees
1
$112,871
Highest Compensated
0
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
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