SIDNEY HILLMAN HEALTH CENTER (EIN 160864443) - 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

1963

Legal Domicile

Principal Officer

JOSEPH CONWAY

Phone

5854732000

Tax Period

2023-11-01 to 2024-10-31

SIDNEY HILLMAN HEALTH CENTER, founded in 1963, is a community nonprofit that reported $8.3M in total revenue in fiscal year 2023. Revenue surged 284% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 23% operating margin.

Mission

TO PROVIDE HEALTH BENEFITS TO ELIGIBLE UNION MEMBERS.

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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 $0

Program Service Revenue $318,679

Investment Income $8,736,646

Other Revenue $-781,615

TOTAL REVENUE $8,273,710

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,678,024

Fundraising Expenses $0

Program Expenses $3,591,908

Other Expenses $3,664,589

TOTAL EXPENSES $6,342,613

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,273,710	$2,155,300	+2.8%
Expenses	$6,342,613	$6,144,615	+0.0%
Net Income	$1,931,097	$-3,989,315	-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

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

$293,598

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY J BONADONNA JR	PRESIDENT	1.00	Director	$0	$7,532	$180,051
JOSEPH CONWAY	SECRETARY-TREASURER	1.00	Director	$0	$5,216	$113,547
ROSS CLARK	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MARTYNEC	VICE PRESIDENT	1.00	Director	$0	$0	$0
PAUL MANGIONE	PHARMACIST	40.00	Highest	$190,677	$7,610	$198,287
MARK A SIDEBOTHAM	OPTICIAN	40.00	Highest	$107,378	$7,846	$115,224
THOMAS EDWARDS	PHARMACIST	40.00	Highest	$203,124	$8,098	$211,222
DAVID EVERY	PHARMACIST	40.00	Highest	$100,262	$6,721	$106,983

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	$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

SIDNEY HILLMAN HEALTH CENTER