IROQUOIS HEALTHCARE ASSOCIATION INC (EIN 150530217) - 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

1950

Legal Domicile

Principal Officer

KEVIN M KERWIN

Phone

5183835060

Tax Period

2024-01-01 to 2024-12-31

IROQUOIS HEALTHCARE ASSOCIATION INC, founded in 1950, is a community nonprofit in the Health Care sector that reported $1.5M in total revenue in fiscal year 2024. Net assets of $10.2M represent 82 months of operating reserves.

Mission

TO SEEK OUT, FOSTER, DEVELOP, COORDINATE AND DIRECT COOPERATIVE ACTIVITIES, JOINT CENTRAL SERVICES AND PROGRAMS OF A MUTALLY BENEFICIAL NATURE AMONG MEMBERS CONSISTING OF HOSPITALS AND HEALTH FACILITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $840,758

Program Service Revenue $523,299

Investment Income $99,560

Other Revenue $29,651

TOTAL REVENUE $1,493,268

Expense Breakdown

Grants Paid $500,000

Salaries & Benefits $683,809

Fundraising Expenses $0

Program Expenses $1,226,994

Other Expenses $319,285

TOTAL EXPENSES $1,503,094

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,493,268	$1,500,494	0.0%
Expenses	$1,503,094	$1,875,410	-0.2%
Net Income	$-9,826	$-374,916	-1.0%

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

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

$1,336,256

Total Directors

Key Employees

$821,744

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARLENE STROMSTAD	VICE CHAIR	0.50	Officer Director	$0	$0	$0
RICH DUVALL	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT CORONA	DIRECTOR	0.50	Director	$0	$0	$0
SEAN FADALE	CHAIR	0.50	Officer Director	$0	$0	$0
PAUL A MILTON	DIRECTOR	0.50	Director	$0	$0	$0
DIERDRA SORRELL	DIRECTOR	0.50	Director	$0	$0	$0
GERALD R CAYER	DIRECTOR	0.50	Director	$0	$0	$0
KATHRYN CONNERTON	DIRECTOR	0.50	Director	$0	$0	$0
MICHELLE LEBEAU	SECRETARY	0.50	Officer Director	$0	$0	$0
THOMAS CARMAN	PAST CHAIR	0.50	Officer Director	$0	$0	$0
MARTIN STALLONE	TREASURER	0.50	Officer Director	$0	$0	$0
DRAKE LAMEN MD	DIRECTOR	0.50	Director	$0	$0	$0
JOHN CARRIGG	DIRECTOR	0.50	Director	$0	$0	$0
AARON KRAMER	DIRECTOR	0.50	Director	$0	$0	$0
PAUL SCIMECA	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT ORTMYER	DIRECTOR	0.50	Director	$0	$0	$0
JEFF COAKLEY	DIRECTOR	0.50	Director	$0	$0	$0
ANNEMARIE WALKER-CZYZ	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER YARTYM	DIRECTOR	0.50	Director	$0	$0	$0
DONNA MCGREGOR	DIRECTOR	0.50	Director	$0	$0	$0
JILL VANKUREN	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN OAKES	DIRECTOR	0.50	Director	$0	$0	$0
DOROTHY URSCHEL	DIRECTOR	0.50	Director	$0	$0	$0
SETH KRONENBERG	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL BACKUS	DIRECTOR	0.50	Director	$0	$0	$0
JEFFREY METHVEN	DIRECTOR	0.50	Director	$0	$0	$0
ROLLAND BOJO	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT BERLUCCHI	DIRECTOR	0.50	Director	$0	$0	$0
JASON MOUZAKAS	DIRECTOR	0.50	Director	$0	$0	$0
STACI THOMPSON	DIRECTOR	0.50	Director	$0	$0	$0
HENRY WELL	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL HOCHMAN	DIRECTOR	0.50	Director	$0	$0	$0
FELISSA KOERNIG	DIRECTOR	0.50	Director	$0	$0	$0
KELLEY TIERNAN	DIRECTOR	0.50	Director	$0	$0	$0
GARY FITZGERALD	PRESIDENT & CEO	4.00	Officer	$65,629	$45,370	$754,202
KEVIN KERWIN	ACTING CEO	3.00	Officer	$17,387	$43,639	$278,824
THOMAS HOSEY	CHIEF FINANCIAL OFFICER	6.00	Officer	$41,040	$44,269	$303,230
EILEEN MURPHY	SR. DIRECTOR OF SPECIAL PR	22.00	Key Emp	$84,946	$9,458	$167,093
DONNA GAMMARATO	EXECUTIVE DIRECTOR -UISS	0.00	Key Emp	$0	$13,764	$279,913
KATHLEEN KIRVIN	VP MARKETING & COMMUNICATIONS	6.00	Key Emp	$23,143	$8,902	$159,181
FRANCINE FREISE	SENIOR REGIONAL DIRECTOR -	0.00	Key Emp	$0	$13,351	$215,557
ANDREW NAULT	DIRECTOR HOSP PREP & BUS. DEVELOP	34.00	Highest	$118,853	$29,997	$170,050
LAUREN FORD	VP STRATEGY AND ANALYTICS	22.00	Highest	$80,420	$19,786	$163,072
TOSHA GRIMMER	EXECUTIVE DIRECTOR - CGHCP	11.00	Highest	$28,846	$19,886	$121,613

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	$1,493,268	$1,503,094	$10,639,895	$-9,826
2023	$1,500,494	$1,875,410	$10,138,391	$-374,916
2022	$2,120,749	$2,695,797	$9,448,864	$-575,048
2021	$8,614,463	$8,454,404	$11,914,755	$160,059
2020	$13,076,491	$12,214,316	$16,728,574	$862,175
2019	$11,490,973	$11,233,254	$13,988,525	$257,719
2018	$2,190,277	$2,035,499	$14,877,436	$154,778

IROQUOIS HEALTHCARE ASSOCIATION INC