FINGER LAKES HEALTH FOUNDATION (EIN 150549310) - 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

1992

Legal Domicile

Principal Officer

JOSE ACEVEDO MD MBA

Phone

3157874088

Tax Period

2023-01-01 to 2023-12-31

FINGER LAKES HEALTH FOUNDATION, founded in 1992, is a community nonprofit in the Health Care sector that reported $7.0M in total revenue in fiscal year 2023. Revenue surged 125% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 32% operating margin.

Mission

COORDINATE THE FUNDRAISING ACTIVITIES FOR FINGER LAKES HEALTH.

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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 $369,902

Program Service Revenue $0

Investment Income $6,665,615

Other Revenue $-1,057

TOTAL REVENUE $7,034,460

Expense Breakdown

Grants Paid $4,160,103

Salaries & Benefits $131,151

Fundraising Expenses $540,750

Program Expenses $4,160,103

Other Expenses $477,170

TOTAL EXPENSES $4,768,424

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,034,460	$3,123,321	+1.3%
Expenses	$4,768,424	$7,989,690	-0.4%
Net Income	$2,266,036	$-4,866,369	-1.5%

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

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

$2,360,420

Total Directors

$2,360,420

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARA C TURBIDE	EXECUTIVE DIRECTOR	10.00	Officer Director	$0	$53,708	$399,355
LAURA VAN NIEL	CHAIR	2.00	Director	$0	$0	$0
JOSE A ACEVEDO MD	PRESIDENT	5.00	Officer Director	$0	$64,855	$1,010,435
TRISHA KOCZENT	TREASURER/CFO	5.00	Officer Director	$0	$53,277	$446,092
JOAN GRELA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KETUL PATEL MD	CHIEF OF ANESTHESIA	1.00	Officer Director	$0	$43,885	$504,538
BARBARA REESE	DIRECTOR	1.00	Director	$0	$0	$0
RODOLFO QUEIROZ MD	DIRECTOR	1.00	Director	$0	$0	$0
KELLY ERNST	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN EISENHART	DIRECTOR	1.00	Director	$0	$0	$0
ELEANOR DEWITT MD	DIRECTOR	1.00	Director	$0	$0	$0
CATHY SPERRICK	SECRETARY	1.00	Officer Director	$0	$0	$0
DOUG PHILLIPS	DIRECTOR	1.00	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	$7,034,460	$4,768,424	$41,646,993	$2,266,036
2022	$3,123,321	$7,989,690	$43,412,693	$-4,866,369
2021	$2,973,854	$1,448,643	$56,200,997	$1,525,211
2020	$2,938,945	$6,721,301	$48,188,617	$-3,782,356
2019	$2,877,265	$1,183,430	$49,575,395	$1,693,835
2018	$2,479,190	$1,211,615	$42,370,321	$1,267,575
2017	$1,688,380	$1,166,642	$47,568,685	$521,738

FINGER LAKES HEALTH FOUNDATION