SOLDIERS & SAILORS MEMORIAL HOSPITAL OF YATES COUNTY INC (EIN 160743192) - 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

1924

Legal Domicile

Principal Officer

JOSE ACEVEDO MD MBA

Phone

3157874030

Tax Period

2023-01-01 to 2023-12-31

SOLDIERS & SAILORS MEMORIAL HOSPITAL OF YATES COUNTY INC, founded in 1924, is a mid-sized nonprofit in the Health Care sector that reported $54.9M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $48.3M left a modest 12% surplus.

Mission

SOLDIERS AND SAILORS MEMORIAL HOSPITAL IS A COMMUNITY BASED, NOT-FOR-PROFIT CRITICAL ACCESS HOSPITAL DEDICATED TO MAINTAINING AND IMPROVING THE HEALTH OF ALL PEOPLE IN THE CENTRAL FINGER LAKES REGION. WE ARE COMMITTED TO SAFE, HIGH QUALITY, COMPASSIONATE SERVICES THAT ARE CONVENIENT, ACCESSIBLE AND AT REASONABLE COST, THROUGH THE EFFORTS OF OUR EMPLOYEES, MEDICAL STAFF AND VOLUNTEERS. WE ARE A CENTER FOR HEALTH EDUCATION THAT LIVES ITS LEADERSHIP COMMITMENTS THROUGH PARTICIPATION IN AND SPONSORSHIP OF PROFESSIONAL, ALLIED HEALTH AND COMMUNITY HEALTH EDUCATION PROGRAMS.

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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 $2,715,427

Program Service Revenue $49,745,837

Investment Income $2,331,483

Other Revenue $72,000

TOTAL REVENUE $54,864,747

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,941,746

Fundraising Expenses $47,248

Program Expenses $39,664,165

Other Expenses $24,383,145

TOTAL EXPENSES $48,324,891

Year-over-Year Comparison

	2023	2022	Change
Revenue	$54,864,747	$47,308,392	+0.2%
Expenses	$48,324,891	$43,491,379	+0.1%
Net Income	$6,539,856	$3,817,013	+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

424

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

$1,456,507

Total Directors

$7,122,402

Key Employees

$2,921,409

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLENE ABRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
JOSE ACEVEDO MD	PRESIDENT & CEO	6.00	Officer Director	$0	$64,835	$1,010,415
JAMES ADAMS	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT ANDERSON MD	DIRECTOR	1.00	Director	$304,574	$22,478	$327,052
PHILIP BECKLEY	DIRECTOR	2.00	Director	$0	$0	$0
TOM BURRALL	DIRECTOR	1.00	Director	$0	$0	$0
JAMES CHENEY	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG COLLINS MD	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG DENSMORE	DIRECTOR	1.00	Director	$0	$0	$0
CHEVANNE DE VANEY	DIRECTOR	1.00	Director	$0	$0	$0
RYAN HALLINGS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANN MCMULLEN	DIRECTOR	1.00	Director	$0	$0	$0
TRISHA KOCZENT	TREASURER	6.00	Officer Director	$0	$53,277	$446,092
JAMES NARDOZZI	DIRECTOR	1.00	Director	$0	$0	$0
RODOLFO QUERIOZ MD	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN STORK	DIRECTOR	1.00	Director	$0	$0	$0
LANCE WARD	DIRECOR	1.00	Director	$0	$0	$0
STEVE GOLDSTEIN	DIRECTOR	1.00	Director	$0	$214,557	$1,848,105
MICHAEL ROTONDO	DIRECTOR	1.00	Director	$0	$110,180	$1,431,838
MARK TAUBMAN	DIRECTOR	1.00	Director	$0	$179,258	$2,058,900
JASON FEINBERG	CHIEF MEDICAL OFFICER	8.00	Key Emp	$0	$63,828	$615,309
FRANK KORICH	CHIEF OPERATING OFFICER	8.00	Key Emp	$0	$81,841	$625,361
ARDELLE BIGOS	VICE PRESIDENT NURSING	16.00	Key Emp	$0	$64,185	$406,829
MATTHEW TALBOTT	ACMO	16.00	Key Emp	$0	$16,463	$534,383
CHAD HOFFMAN-FRAGALE	VP HUMAN RESOURCES AND EMERGENCY MGMT	16.00	Key Emp	$0	$46,738	$340,172
LARA TURBIDE	VP COMMUNITY SERVICES	1.00	Key Emp	$0	$53,708	$399,355
ERIC SHIVES	PHYSICIAN	40.00	Highest	$278,192	$12,717	$290,909
LUKE B CHEN	PHYSICIAN	40.00	Highest	$664,604	$33,171	$697,775
SIXTO R MEDINA	PHYSICIAN	40.00	Highest	$338,398	$24,785	$363,183
PHILIPP WIRTH	PHYSICIAN	40.00	Highest	$385,879	$20,683	$406,562
ANDREW REESE	PHYSICIAN	40.00	Highest	$274,330	$31,200	$305,530

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	$54,864,747	$48,324,891	$57,447,873	$6,539,856
2022	$47,308,392	$43,491,379	$51,468,744	$3,817,013
2021	$38,410,105	$38,333,738	$51,512,161	$76,367
2020	$36,643,812	$29,293,356	$58,295,882	$7,350,456
2019	$30,845,340	$29,801,118	$43,561,985	$1,044,222
2018	$31,048,606	$28,769,439	$41,457,914	$2,279,167
2017	$33,117,256	$29,256,614	$41,316,233	$3,860,642

SOLDIERS & SAILORS MEMORIAL HOSPITAL OF YATES COUNTY INC