THE FREDERICK FERRIS THOMPSON HOSPITAL (EIN 160743024) - 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

1904

Legal Domicile

Principal Officer

Michael F Stapleton Jr

Phone

5853966000

Tax Period

2023-01-01 to 2023-12-31

THE FREDERICK FERRIS THOMPSON HOSPITAL, founded in 1904, is a major nonprofit in the Health Care sector that reported $211.2M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

FF Thompson Hospital is dedicated to continuously improving the health of the residents and communities of the Finger Lakes and surrounding regions.

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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 $8,158,583

Program Service Revenue $189,415,319

Investment Income $451,989

Other Revenue $13,212,570

TOTAL REVENUE $211,238,461

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,663,195

Fundraising Expenses $0

Program Expenses $179,180,671

Other Expenses $92,542,257

TOTAL EXPENSES $212,205,452

Year-over-Year Comparison

	2023	2022	Change
Revenue	$211,238,461	$190,510,319	+0.1%
Expenses	$212,205,452	$192,883,891	+0.1%
Net Income	$-966,991	$-2,373,572	-0.6%

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

2002

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

$3,409,226

Total Directors

$7,483,385

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Taubman MD	Board Member	0.5	Director	$0	$179,258	$2,058,900
Steven Goldstein	Board Member	0.5	Director	$0	$214,557	$1,848,105
Michael F Stapleton JR	President/CEO	31	Officer Director	$0	$131,450	$960,515
Michael Apostolakos MD	Board Member	0.5	Director	$0	$112,217	$833,549
A David Peter MD	Board Member and Surgeon	40	Director	$679,252	$42,134	$721,386
Jeffrey Goldstein	Gastroenterologist	40	Highest	$671,733	$27,170	$698,903
David Baum MD	SVP Medical Affairs & Emergency Physician	20	Officer	$0	$94,605	$572,597
Jeremy Schorr	Emergency Physician	33	Highest	$491,574	$42,425	$533,999
Mark Prunoske	SVP Finance/CFO	30	Officer	$0	$82,699	$530,536
Joseph Talarico MD	Physician	40	Highest	$504,159	$17,264	$521,423
Matthew Osborne MD	Medical Director Chief of Emergency Medicine	40	Highest	$451,804	$48,134	$499,938
Ann Robenstein	Physician	32	Highest	$438,547	$36,618	$475,165
Kurt Koczent	EVP/COO	36	Officer	$315,916	$78,416	$473,311
Justin Weis MD	Board Member - President of Medical Staff	0.5	Director	$0	$56,982	$378,591
Cynthia Teerlinck MD	Physician - Board Member through April 2023	40	Director	$291,540	$32,777	$324,317
Jennifer DeVault	VP Associate Services and Wellness	36	Officer	$251,497	$51,762	$303,259
Elizabeth Talia	VP Legal & Regulatory Affairs and General Counsel	26.5	Officer	$0	$14,550	$288,218
Hazel Robertshaw	VP Patient Care Services/CNO	40	Officer	$249,598	$31,192	$280,790
Akua Asante	Board Member	0.5	Director	$0	$28,502	$267,940
Susan Fulmer MD	Board Member	0.5	Director	$0	$220	$90,082
Dale Hunt	Board Chair	0.5	Director	$0	$0	$0
David G Case	Board Vice Chair	0.5	Director	$0	$0	$0
Lauren Dixon	Board Secretary	0.5	Director	$0	$0	$0
Jennifer Jones	Board Treasurer	0.5	Director	$0	$0	$0
Mark Blazey	Board Member	0.5	Director	$0	$0	$0
Roger Friedlander	Board Member	0.5	Director	$0	$0	$0
Daniel Fuller	Board Member	0.50	Director	$0	$0	$0
Paul Griswold	Board Member	0.5	Director	$0	$0	$0
Krista Jackson	Board Member	0.5	Director	$0	$0	$0
William R Kenyon Esq	Board Member	0.5	Director	$0	$0	$0
Mark Kovaleski	Board Member	0.5	Director	$0	$0	$0
Georgia Lamb	Board Member	0.5	Director	$0	$0	$0
Lauren Sands Esq	Board Member	0.5	Director	$0	$0	$0
Margaret Somerset Esq	Board Member	0.5	Director	$0	$0	$0
Lori Van Dusen	Board Member	0.5	Director	$0	$0	$0
Maureen Wolfe	Board Member	0.5	Director	$0	$0	$0
Randall Farnsworth	Board Member through April 2023	0.50	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	$211,238,461	$212,205,452	$195,076,012	$-966,991
2022	$190,510,319	$192,883,891	$192,979,765	$-2,373,572
2021	$183,027,085	$170,859,462	$200,303,892	$12,167,623
2020	$159,678,755	$156,052,749	$191,262,621	$3,626,006
2019	$151,859,675	$149,537,556	$162,319,470	$2,322,119
2018	$140,540,645	$140,232,638	$159,137,451	$308,007

THE FREDERICK FERRIS THOMPSON HOSPITAL