SIDNEY HILLMAN HEALTH CENTER

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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

1963

Legal Domicile

Principal Officer

JOSEPH CONWAY

Phone

5854732000

Tax Period

2024-11-01 to 2025-10-31

SIDNEY HILLMAN HEALTH CENTER, founded in 1963, is a mid-sized nonprofit that reported $12.1M in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.4M, a strong 45% operating margin.

Mission

THE HEALTH CENTER PROVIDES A WIDE RANGE OF HEALTH SERVICES SUCH AS HEALTH CHECK-UPS, EYE EXAMS, GLASSES AND PRESCRIPTIONS TO ELIGIBLE UNION MEMBERS AND RETIREES OF THE ROCHESTER REGIONAL JOINT BOARD.

Program Service Accomplishments

Program 1

Expenses: $3,759,995

THE HEALTH CENTER PROVIDES A WIDE RANGE OF HEALTH SERVICES SUCH AS HEALTH CHECK-UPS, EYE EXAMS, GLASSES AND PRESCRIPTIONS TO ELIGIBLE UNION MEMBERS AND RETIREES OF THE ROCHESTER REGIONAL JOINT BOARD.

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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 $0

Program Service Revenue $116,640

Investment Income $12,723,709

Other Revenue $-706,442

TOTAL REVENUE $12,133,907

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,729,974

Fundraising Expenses $0

Program Expenses $3,759,995

Other Expenses $3,998,032

TOTAL EXPENSES $6,728,006

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,133,907	$8,273,710	+0.5%
Expenses	$6,728,006	$6,342,613	+0.1%
Net Income	$5,405,901	$1,931,097	+1.8%

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

Volunteers

N/A

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

Total Directors

$427,502

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY J BONADONNA JR	PRESIDENT	1.00	Director	$0	$7,984	$187,301
JOSEPH CONWAY	SECRETARY-TREASURER	1.00	Director	$0	$6,121	$132,328
ROSS CLARK	DIRECTOR	1.00	Director	$0	$4,560	$107,873
JOHN MARTYNEC	VICE PRESIDENT	1.00	Director	$0	$0	$0
PAUL MANGIONE	PHARMACIST	40.00	Highest	$196,769	$7,854	$204,623
MARK A SIDEBOTHAM	OPTICIAN	40.00	Highest	$114,562	$5,240	$119,802
THOMAS EDWARDS	PHARMACIST	40.00	Highest	$216,939	$8,520	$225,459

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
2025	$12,133,907	$6,728,006	$130,238,986	$5,405,901
2024	$8,273,710	$6,342,613	$123,275,027	$1,931,097
2023	$2,155,300	$6,144,615	$104,974,912	$-3,989,315
2022	$4,462,472	$6,089,794	$107,421,491	$-1,627,322
2021	$12,997,802	$6,118,852	$134,212,022	$6,878,950
2020	$8,311,651	$5,677,042	$108,769,930	$2,634,609
2019	$10,512,477	$5,982,404	$105,899,791	$4,530,073
2018	$6,811,488	$5,679,961	$98,871,995	$1,131,527