ARNOT HEALTH FOUNDATION INC

EIN: 161109472 501(c)(3)

ELMIRA, NY

Total Revenue
$4,229,340
Total Expenses
$7,087,346
Total Assets
$14,136,503
Net Assets
$14,008,786
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
NY
Principal Officer
WARREN ROMAN
Phone
6077958167
Tax Period
2023-01-01 to 2023-12-31

ARNOT HEALTH FOUNDATION INC, founded in 1978, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $7.1M exceeded revenue, resulting in a 68% operating deficit.

Mission

PROVIDE FUNDRAISING SUPPORT FOR ARNOT OGDEN MEDICAL CENTER, ST JOSEPHS HOSPITAL AND THE AFFILIATED PHYSICIAN OFFICES.

Program Service Accomplishments

Program 1
Expenses: $6,846,259 Revenue: $0

GRANTS AND ASSISTANCE TO OTHER ORGANIZATIONS. PRIMARILY DONATIONS MADE FOR A SPECIFIC PURPOSE BY THE DONOR THAT ARE SUBSEQUENTLY RELEASED FROM RESTRICTION WHEN GIVEN TO THE ARNOT OGDEN MEDICAL CENTER...

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GRANTS AND ASSISTANCE TO OTHER ORGANIZATIONS. PRIMARILY DONATIONS MADE FOR A SPECIFIC PURPOSE BY THE DONOR THAT ARE SUBSEQUENTLY RELEASED FROM RESTRICTION WHEN GIVEN TO THE ARNOT OGDEN MEDICAL CENTER OR ST. JOSEPH'S HOSPITAL FOR THE INTENDED DONORS REQUEST.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,513,968
Program Service Revenue $0
Investment Income $2,493,727
Other Revenue $221,645
TOTAL REVENUE $4,229,340

Expense Breakdown

Grants Paid $6,846,259
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,846,259
Other Expenses $241,087
TOTAL EXPENSES $7,087,346

Year-over-Year Comparison

2023 2022 Change
Revenue $4,229,340 $8,646,888 -0.5%
Expenses $7,087,346 $14,955,954 -0.5%
Net Income $-2,858,006 $-6,309,066 -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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Governance

Voting Members
14
Independent Members
12
Employees
N/A
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
3
$0
Total Directors
15
$688,320
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR ALEKSANDER RUPIK BOARD MEMBER 1
Director
$0 $0 $469,828
LISA VENTURA SENIOR DIRECTOR OF DEVELOPMENT 40.00
Director
$0 $0 $115,443
DR KIM PANOSIAN BOARD MEMBER 1
Director
$0 $0 $103,049
WARREN ROMAN CHAIR 1
Officer Director
$0 $0 $0
PETER C WALLIN VICE CHAIR 1
Officer Director
$0 $0 $0
JOHN STEMPIN TREASURER 1
Officer Director
$0 $0 $0
JULIE DELGROSSO BOARD MEMBER 1
Director
$0 $0 $0
MARYBETH CONWELL BOARD MEMBER 1
Director
$0 $0 $0
KELSEY KNOWLES BOARD MEMBER 1
Director
$0 $0 $0
ERNEST HARTMAN BOARD MEMBER 1
Director
$0 $0 $0
AAMIR SHAIKH BOARD MEMBER 1
Director
$0 $0 $0
BEVERLY HUSLANDER BOARD MEMBER 1
Director
$0 $0 $0
SYDNEY STRINGHAM BOARD MEMBER 1
Director
$0 $0 $0
DR RICHARD TERRY BOARD MEMBER 1
Director
$0 $0 $0
PETER JOHNSON BOARD MEMBER 1
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 $4,229,340 $7,087,346 $14,136,503 $-2,858,006
2022 $8,646,888 $14,955,954 $16,500,232 $-6,309,066
2021 $1,737,854 $384,137 $33,528,865 $1,353,717
2020 $1,634,610 $733,802 $28,563,502 $900,808
2019 $2,018,980 $2,473,016 $25,789,202 $-454,036
2018 $2,867,479 $576,679 $23,497,131 $2,290,800
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