CANTON-POTSDAM HOSPITAL (EIN 161012691) - 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

1920

Legal Domicile

Principal Officer

DR RICHARD DAVIS

Phone

5859221595

Tax Period

2023-01-01 to 2023-12-31

CANTON-POTSDAM HOSPITAL, founded in 1920, is a major nonprofit in the Health Care sector that reported $262.4M in total revenue in fiscal year 2023.

Mission

CANTON POTSDAM HOSPITAL'S MISSION IS TO PROVIDE SKILLED, COMPASSIONATE, COST-EFFECTIVE CARE THAT PROMOTES WELLNESS AND MEETS COMMUNITY NEEDS.

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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 $1,879,408

Program Service Revenue $251,933,345

Investment Income $405,933

Other Revenue $8,148,669

TOTAL REVENUE $262,367,355

Expense Breakdown

Grants Paid $31,576

Salaries & Benefits $168,275,547

Fundraising Expenses $0

Program Expenses $231,564,269

Other Expenses $90,287,211

TOTAL EXPENSES $258,594,334

Year-over-Year Comparison

	2023	2022	Change
Revenue	$262,367,355	$255,155,912	+0.0%
Expenses	$258,594,334	$247,470,756	+0.0%
Net Income	$3,773,021	$7,685,156	-0.5%

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

1734

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

$8,481,648

Total Directors

$3,725,333

Key Employees

$699,982

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK CORNETT	CHAIR OF THE BOARD	1.00	Officer Director	$0	$0	$0
MICHAEL GRIFFIN	1ST VICE CHAIR	1.00	Officer Director	$0	$0	$0
RICHARD DAVIS PHD	CEO	0.00	Officer Director	$0	$54,881	$3,137,090
THOMAS ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
KELLY CICCHINELLI	ASSISTANT TREASURER	1.00	Officer Director	$0	$7,785	$270,110
JUDITH CHASE	SECRETARY	1.00	Officer Director	$0	$0	$0
CATHERINE BLEVINS	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MCGRATH	TREASURER	1.00	Officer Director	$0	$0	$0
AMY IRISH-BICKNELL	ASSISTANT SECRETARY	1.00	Officer Director	$0	$2,800	$78,834
ERIN DRAPER	DIRECTOR	1.00	Director	$0	$0	$0
DONALD DANGREMOND	2ND VICE CHAIR	1.00	Officer Director	$0	$0	$0
FLORENCE BERO MD	DIRECTOR	1.00	Director	$0	$0	$0
PAUL COLE DVM	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN GARDAM	DIRECTOR	1.00	Director	$0	$0	$0
JACQUIE KUNO	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN MULLANEY	DIRECTOR	1.00	Director	$0	$0	$0
JAMES THEODORE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL TULLOCH MD	DIRECTOR	40.00	Director	$237,360	$1,939	$239,299
LENORE VANDERZEE PHD	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD VANLEUVEN	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD MUCENSKI	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIAN CASINI	ASSISTANT SECRETARY	0.00	Officer	$0	$34,153	$371,721
HUGH THOMAS	CAO	0.00	Officer	$0	$9,101	$1,739,491
THOMAS CRILLY	CFO	0.00	Officer	$0	$154,601	$1,579,020
JENNIFER ESLINGER	COO	0.00	Officer	$0	$11,368	$1,305,382
DONNA MCGREGOR	PRESIDENT, CPH	0.00	Key Emp	$0	$10,525	$699,982
VELMALIA MATTHEWS-SMITH	PHYSICIAN	40.00	Highest	$828,296	$10,291	$838,587
JEFFREY HAASBEEK	PHYSICIAN	40.00	Highest	$974,648	$10,325	$984,973
HUNG CHIN HO	PHYSICIAN	40.00	Highest	$1,017,540	$2,349	$1,019,889
THOMAS KNEIFEL	PHYSICIAN	40.00	Highest	$832,209	$10,615	$842,824
DRAGOS MACELARU	PHYSICIAN	40.00	Highest	$791,200	$8,526	$799,726

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	$262,367,355	$258,594,334	$268,048,575	$3,773,021
2022	$255,155,912	$247,470,756	$319,081,918	$7,685,156
2021	$242,313,726	$227,347,679	$209,295,239	$14,966,047
2020	$219,048,036	$210,026,996	$195,532,189	$9,021,040
2019	$222,026,310	$206,044,749	$157,784,645	$15,981,561
2018	$204,456,706	$192,344,743	$141,760,114	$12,111,963

CANTON-POTSDAM HOSPITAL