GLENS FALLS HOSPITAL SELF INS TRUST (EIN 146139356) - 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

1988

Legal Domicile

Principal Officer

Mitch Amado

Phone

5189265013

Tax Period

2023-10-01 to 2024-09-30

GLENS FALLS HOSPITAL SELF INS TRUST, founded in 1988, is a community nonprofit in the Mutual Benefit sector that reported $2.6M in total revenue in fiscal year 2023. The organization ran a surplus of $1.5M, a strong 59% operating margin.

Mission

The Glens Falls Hospital Self-Insurance Trust was organized and operates as an integral part of Glens Falls Hospital to fund and process malpractice and general liability claims against Glens Falls Hospital.

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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 $0

Program Service Revenue $2,058,000

Investment Income $514,693

Other Revenue $0

TOTAL REVENUE $2,572,693

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,010,384

Other Expenses $1,057,705

TOTAL EXPENSES $1,057,705

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,572,693	$2,490,410	+0.0%
Expenses	$1,057,705	$1,401,301	-0.2%
Net Income	$1,514,988	$1,089,109	+0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Trustee	0		$31,571	$0	$31,571

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
2025	No data	No data	No data	No data
2024	$2,572,693	$1,057,705	$11,926,384	$1,514,988
2023	$2,490,410	$1,401,301	$10,123,217	$1,089,109
2022	$2,165,370	$464,001	$9,021,577	$1,701,369
2021	$3,000,722	$700,490	$7,618,779	$2,300,232
2020	$2,304,351	$2,983,550	$5,327,518	$-679,199

GLENS FALLS HOSPITAL SELF INS TRUST