FINGER LAKES HEALTH FOUNDATION

EIN: 150549310 501(c)(3) Health Care

GENEVA, NY

Total Revenue
$7,034,460
Total Expenses
$4,768,424
Total Assets
$41,646,993
Net Assets
$29,377,317
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NY
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

FINGER LAKES HEALTH FOUNDATION'S MISSION IS TO CULTIVATE, SECURE, AND STEWARD PHILANTHROPIC GIFTS TO SUPPORT THE CAPITAL, PROGRAMMATIC, AND ENDOWMENT NEEDS OF FINGER LAKES HEALTH.

Program Service Accomplishments

Program 1
Expenses: $4,160,103

THE FINGER LAKES HEALTH FOUNDATION COORDINATES FUNDRAISING ACTIVITIES FOR GENEVA GENERAL HOSPITAL, LIVING CENTER AT GENEVA SOUTH, LIVING CENTER AT GENEVA NORTH, HUNTINGTON LIVING CENTER, AND SOLDIERS...

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THE FINGER LAKES HEALTH FOUNDATION COORDINATES FUNDRAISING ACTIVITIES FOR GENEVA GENERAL HOSPITAL, LIVING CENTER AT GENEVA SOUTH, LIVING CENTER AT GENEVA NORTH, HUNTINGTON LIVING CENTER, AND SOLDIERS AND SAILORS MEMORIAL HOSPITAL. THE FINGER LAKES HEALTH FOUNDATION ALSO CONSIDERS REQUESTS FOR PROJECTS WHICH ARE DESIGNATED TO ENHANCE THE QUALITY OF HEALTH CARE, EXPAND SERVICES, AND PROVIDE PERSONNEL AND EQUIPMENT FOR DESIGNATED NEEDS AT THESE 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%)

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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

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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
13
Independent Members
9
Employees
N/A
Volunteers
9

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
6
$2,360,420
Total Directors
13
$2,360,420
Key Employees
0
$0
Highest Compensated
0
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
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