KENMORE MERCY FOUNDATION

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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

1980

Legal Domicile

Principal Officer

DANIEL PAOLINI

Phone

7169232968

Tax Period

2023-01-01 to 2023-12-31

KENMORE MERCY FOUNDATION, founded in 1980, is a small nonprofit in the Health Care sector that reported $859K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $796K left a modest 7% surplus.

Mission

THE KENMORE MERCY HOSPITAL FOUNDATION IS A CHARITABLE, NOT-FOR-PROFIT 501( C) 3 CORPORATION WITH THE SOLE PURPOSE OF RAISING FUNDS FOR THE BENEFIT OF KENMORE MERCY HOSPITAL IN KENMORE, NY.

Program Service Accomplishments

Program 1

Expenses: $316,048

THE KENMORE MERCY FOUNDATION PROVIDED FUNDS FOR CAPITAL RENOVATIONS AND EQUIPMENT PURCHASES TO ENSURE THAT OUR CLINICAL CAREGIVERS HAVE ACCESS TO UP-TO-DATE FACILITIES AND STATE-OF-THE-ART TECHNOLOGY.

Program 2

Expenses: $69,572

THE KENMORE MERCY FOUNDATION PROVIDED FUNDING FOR STAFF EDUCATION, INCLUDING THE REIMBURSEMENT OF TRAVEL AND LODGING EXPENSES AT NATIONAL CONFERENCES. IN ADDITION, PROVIDED "LUNCH & LEARN" PROGRAMS TO BENEFIT THE STAFF. THE KENMORE MERCY FOUNDATION ALSO SERVED AS AN IMPORTANT VEHICLE FOR ASSOCIATE AWARDS AND RECOGNITION.

Program 3

Expenses: $39,709

THE KENMORE MERCY FOUNDATION PROVIDED FUNDING FOR HEALTHY ACTIVITIES AND CRITICAL PATIENT-FOCUSED PRIORITY PROJECTS/PROGRAMS FOR OUR COMMUNITY.

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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 $780,971

Program Service Revenue $0

Investment Income $48,013

Other Revenue $29,667

TOTAL REVENUE $858,651

Expense Breakdown

Grants Paid $410,419

Salaries & Benefits $315,294

Fundraising Expenses $229,082

Program Expenses $425,329

Other Expenses $70,304

TOTAL EXPENSES $796,017

Year-over-Year Comparison

	2023	2022	Change
Revenue	$858,651	$698,239	+0.2%
Expenses	$796,017	$666,360	+0.2%
Net Income	$62,634	$31,879	+1.0%

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

$3,998,041

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK A SULLIVAN	PRESIDENT & CEO	0.00	Director	$0	$104,188	$1,740,064
WALTER F LUDWIG	PRESIDENT & CEO KMF	0.00	Director	$0	$61,647	$432,051
DOROTHY FERGUSON	DIRECTOR	0.00	Director	$0	$0	$0
NICHOLAS SALVATORE	DIRECTOR	0.00	Director	$0	$0	$0
DANIEL PAOLINI	CHAIRMAN	0.00	Officer Director	$0	$0	$0
TODD J POTTER JR	DIRECTOR	0.00	Director	$0	$0	$0
DONALD M SLATE II MD	DIRECTOR	0.00	Director	$0	$0	$0
LEE ANN VOGT	SECRETARY	0.00	Officer Director	$0	$0	$0
ANTHONY BH HABIB	DIRECTOR	0.00	Director	$0	$0	$0
MARK KELLER	DIRECTOR	0.00	Director	$0	$0	$0
RAYMOND P CRANE CPA	VICE CHAIR	0.00	Officer Director	$0	$0	$0
SUSAN JANDZINSKI	EXECUTIVE DIRECTOR	55.00	Director	$109,997	$39,096	$149,093
MICHAEL GOUGH MD	DIRECTOR	0.00	Director	$0	$47,918	$508,471
MARK TILLMANNS	TREASURER	0.00	Officer Director	$0	$0	$0
DAVID MINEO	DIRECTOR	0.00	Director	$0	$0	$0
JAMES MILLARD	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL SZYMONIAK JR	DIRECTOR	0.00	Director	$0	$0	$0
JOYCE MARKIEWICZ	CHIEF BUSINESS DEVELOPMENT OFFICER, PRESIDENT&CEO	0.00	Director	$0	$81,890	$1,168,362
RYAN SCHULTZ	DIRECTOR	0.00	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	$858,651	$796,017	$4,361,685	$62,634
2022	$698,239	$666,360	$3,975,810	$31,879
2021	$1,351,123	$790,064	$4,492,289	$561,059
2020	$699,176	$945,010	$3,759,388	$-245,834
2019	$755,505	$452,083	$4,064,581	$303,422
2018	$685,521	$707,732	$3,267,163	$-22,211