HEALTHCARE EDUCATIONAL AND RESEARCH FUND INC

EIN: 146022409 501(c)(3) Health Care

RENSSELAER, NY

Total Revenue
$2,029,369
Total Expenses
$2,029,423
Total Assets
$51,916
Net Assets
$-4,049,377
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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
1960
Legal Domicile
NY
Principal Officer
MARIE B GRAUSE
Phone
5184317600
Tax Period
2023-01-01 to 2023-12-31

HEALTHCARE EDUCATIONAL AND RESEARCH FUND INC, founded in 1960, is a community nonprofit in the Health Care sector that reported $2.0M in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring.

Mission

OFFER EDUCATION, RESEARCH, & GRANTS TO SUPPORT THE MISSION OF THE HEALTHCARE ASSOCIATION OF NYS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,349,638
Program Service Revenue $679,731
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,029,369

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,391,811
Fundraising Expenses $0
Program Expenses $1,984,501
Other Expenses $637,612
TOTAL EXPENSES $2,029,423

Year-over-Year Comparison

2023 2022 Change
Revenue $2,029,369 $3,220,537 -0.4%
Expenses $2,029,423 $3,220,537 -0.4%
Net Income $-54 $0 N/A
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

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Governance

Voting Members
10
Independent Members
10
Employees
13
Volunteers
10

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
7
$2,260,171
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIE B GRAUSE PRESIDENT 0.30
Officer
$6,010 $173,976 $1,376,031
MARY KAY HAYES CFO / COO 1.60
Officer
$13,740 $96,418 $519,956
SANDI TOLL GENERAL COUNSEL 0.80
Officer
$4,526 $62,460 $364,184
ALLISON MANNY VICE PRESIDENT 50.00
Highest
$142,515 $41,040 $183,555
JOHN CARRIGG TRUSTEE 0.20
Director
$0 $0 $0
SEAN FADALE TRUSTEE 0.20
Director
$0 $0 $0
CAROL GOMES TRUSTEE 0.20
Director
$0 $0 $0
SUSAN HOLLIDAY TRUSTEE 0.20
Director
$0 $0 $0
CYNTHIA MCCOLLUM TRUSTEE 0.20
Director
$0 $0 $0
JOSE ACEVEDO MD CHAIR 0.20
Officer Director
$0 $0 $0
THOMAS CARMAN CHAIR ELECT 0.20
Officer Director
$0 $0 $0
MICHAEL SPICER FACHE IMMEDIATE PAST CHAIR 0.20
Director
$0 $0 $0
KENNETH GIBBS SECRETARY 0.20
Officer Director
$0 $0 $0
PATRICK O'SHAUGHNESSY DO TREASURER 0.20
Officer 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
2024 No data No data No data No data
2023 $2,029,369 $2,029,423 $51,916 $-54
2022 $3,220,537 $3,220,537 $50,916 No data
2021 $1,180,177 $1,182,279 $46,830 $-2,102
2020 $2,059,622 $2,059,678 $26,283 $-56
2019 $645,575 $645,575 $20,971 No data
2018 $610,392 $610,392 $210,340 No data
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