CHENANGO MEMORIAL HOSPITAL INC (EIN 150532180) - 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

1910

Legal Domicile

Principal Officer

DESIREE AXLEY

Phone

6073374111

Tax Period

2024-01-01 to 2024-12-31

CHENANGO MEMORIAL HOSPITAL INC, founded in 1910, is a major nonprofit in the Health Care sector that reported $111.5M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $100.8M left a modest 10% surplus.

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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 $1,087,443

Program Service Revenue $108,305,655

Investment Income $1,140,611

Other Revenue $980,670

TOTAL REVENUE $111,514,379

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,695,937

Fundraising Expenses $0

Program Expenses $87,116,506

Other Expenses $66,065,748

TOTAL EXPENSES $100,761,685

Year-over-Year Comparison

	2024	2023	Change
Revenue	$111,514,379	$100,079,974	+0.1%
Expenses	$100,761,685	$93,929,658	+0.1%
Net Income	$10,752,694	$6,150,316	+0.7%

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

550

Volunteers

216

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

$3,835,136

Total Directors

$3,271,289

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN M CARRIGG	BOARD MEMBER/ 2ND VICE CHAIR	2.00	Officer Director	$0	$50,729	$1,437,541
JOSEPH R STAGLIANO	BOARD MEMBER/ CHAIR	2.00	Officer Director	$0	$0	$0
BRUCE S ERATH	BOARD MEMBER/ 1ST VICE CHAI	2.00	Officer Director	$0	$0	$0
DRAKE LAMEN MD	BOARD MEMBER/ PRESIDENT/CEO/CMO	2.00	Officer Director	$415,119	$46,090	$461,209
ROBERT W NASSAR	BOARD MEMBER/ SECRETARY	2.00	Officer Director	$0	$0	$0
JULIANNE OEHLBECK	BOARD MEMBER/ TREASURER	2.00	Officer Director	$0	$0	$0
ELIZABETH K BOLAND	BOARD MEMBER	2.00	Director	$0	$31,579	$766,154
KURT HARDING DO	BOARD MEMBER	2.00	Director	$0	$0	$0
SHAUNA HYLE	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIC G LARSEN	BOARD MEMBER	2.00	Director	$0	$0	$0
SHEILA MARSHMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
MARTIN MASARECH MD	BOARD MEMBER	2.00	Director	$0	$0	$0
LUKE MURPHY	BOARD MEMBER	2.00	Director	$0	$0	$0
DENISE REPPERT	BOARD MEMBER	2.00	Director	$0	$0	$0
BARBARA SCHINDLER	BOARD MEMBER	2.00	Director	$0	$0	$0
JAY SMITH	BOARD MEMBER	2.00	Director	$0	$31,015	$606,385
PHYLLIS SHERIFF-WHITE	PRESIDENT OF MED STAFF	55.00	Officer	$432,270	$43,844	$476,114
THOMAS GENESE	VICE PRESIDENT MEDICAL AFFAIRS	55.00	Officer	$375,484	$53,330	$428,814
DESIREE A AXLEY	VP FINANCE AND CFO	55.00	Officer	$261,767	$15,367	$277,134
CHRISTINA KISACKY	VP OF OPERATIONS	55.00	Officer	$233,508	$27,281	$260,789
KRISTINA HUMMER	VP OF MEDICAL	55.00	Officer	$217,995	$28,535	$246,530
DAVID FINNEY	VP NURSING	55.00	Officer	$0	$40,265	$247,005
ZAIMA CHOUDHRY	PHYSICIAN	55.00	Highest	$236,572	$28,200	$332,721
SRIKANTH PORANKI	DIRECTOR STRATEGIC INITIATIVE	55.00	Highest	$184,590	$10,121	$194,711
RICHARD R STONE	VICE PRESIDENT SUPPORT SERVICES	55.00	Highest	$183,059	$43,586	$226,645
MATTHEW MASSE	DIRECTOR SERVICE COORDINATION	55.00	Highest	$162,776	$8,396	$171,172
MELISSA STAGNARO	DIRECTOR DEVELOPMENT & ENGAGEMENT	55.00	Highest	$153,401	$45,304	$198,705

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	$111,514,379	$100,761,685	$114,199,096	$10,752,694
2023	$100,079,974	$93,929,658	$99,102,707	$6,150,316
2022	$90,798,708	$87,686,631	$91,116,827	$3,112,077
2021	$88,943,242	$78,335,295	$91,078,549	$10,607,947
2020	$89,278,874	$75,701,611	$77,155,015	$13,577,263
2019	$78,551,520	$72,103,410	$56,498,249	$6,448,110
2018	$77,548,506	$73,576,566	$48,051,242	$3,971,940

CHENANGO MEMORIAL HOSPITAL INC