UNITED HEALTH SERVICES FOUNDATION INC

EIN: 161199153 501(c)(3) Health Care

BINGHAMTON, NY

Total Revenue
$3,464,515
Total Expenses
$6,519,875
Total Assets
$34,985,477
Net Assets
$32,693,909
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
NY
Principal Officer
CORY S JACOBS
Phone
6077622171
Tax Period
2023-01-01 to 2023-12-31

UNITED HEALTH SERVICES FOUNDATION INC, founded in 1982, is a community nonprofit in the Health Care sector that reported $3.5M in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $6.5M exceeded revenue, resulting in a 88% operating deficit.

Mission

UNITED HEALTH SERVICES FOUNDATION, INC. IS A NOT-FOR-PROFIT ORGANIZATION LOCATED IN BINGHAMTON, NEW YORK. THE FOUNDATION OPERATES EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSE, AND IS PRIMARILY SUPPORTED BY CONTRIBUTIONS. THE CONTRIBUTIONS ARE USED TO PURCHASE EQUIPMENT, EDUCATIONAL MATERIALS AND TO FUND CAPITAL IMPROVEMENT PROJECTS, AS WELL AS, SUPPORT THE HOSPITAL RELATIONS WITH THE COMMUNITY. THE PRIMARY BENEFICIARIES OF SUCH GRANTS ARE UNITED HEALTH SERVICES, INC., IDEAL SENIOR LIVING CENTER, INC. AND TWIN TIER HOME HEALTH, INC. THESE ORGANIZATIONS PROVIDE A BROAD RANGE OF HEALTH CARE SERVICES IN THE GREATER BINGHAMTON AREA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,324,346
Program Service Revenue $0
Investment Income $1,101,130
Other Revenue $39,039
TOTAL REVENUE $3,464,515

Expense Breakdown

Grants Paid $5,857,473
Salaries & Benefits $409,886
Fundraising Expenses $201,574
Program Expenses $5,884,115
Other Expenses $252,516
TOTAL EXPENSES $6,519,875

Year-over-Year Comparison

2023 2022 Change
Revenue $3,464,515 $7,576,749 -0.5%
Expenses $6,519,875 $1,529,250 +3.3%
Net Income $-3,055,360 $6,047,499 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
17
Independent Members
17
Employees
4
Volunteers
50

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
6
$170,180
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAWN LANOUETTE TRUSTEE 1.00
Director
$0 $0 $0
DAN SPENCE TRUSTEE/VICE CHAIR 1.00
Officer Director
$0 $0 $0
DEREK RUSSELL TRUSTEE/TREASURER 1.00
Officer Director
$0 $0 $0
ED MORTON TRUSTEE 1.00
Director
$0 $0 $0
JOE MIRABITO TRUSTEE 1.00
Director
$0 $0 $0
JIM MCDUFFEE TRUSTEE/MEMBER AT LARGE 1.00
Officer Director
$0 $0 $0
JOE MORAN TRUSTEE 1.00
Director
$0 $0 $0
KIM POTTER TRUSTEE/CHAIR 1.00
Officer Director
$0 $0 $0
CATHERINE RYAN TRUSTEE 1.00
Director
$0 $0 $0
THERESA RUSSELL TRUSTEE 1.00
Director
$0 $0 $0
AMY SHAW TRUSTEE 1.00
Director
$0 $0 $0
ANAHIT KRADJIAN TRUSTEE 1.00
Director
$0 $0 $0
MARY BETH WALSH TRUSTEE 1.00
Director
$0 $0 $0
STEPHANIE JESTER TRUSTEE 1.00
Director
$0 $0 $0
CHRISTOPHER DOWNEY TRUSTEE/SECRETARY 1.00
Officer Director
$0 $0 $0
TRACY MAERKL TRUSTEE 1.00
Director
$0 $0 $0
GEORGE MCDERMODY TRUSTEE 1.00
Director
$0 $0 $0
CORY JACOBS EXECUTIVE DIRECTOR 40.00
Officer
$168,523 $1,657 $170,180
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 $3,464,515 $6,519,875 $34,985,477 $-3,055,360
2022 $7,576,749 $1,529,250 $32,736,914 $6,047,499
2021 $6,639,374 $1,633,480 $36,338,819 $5,005,894
2020 $3,475,627 $1,496,555 $31,159,639 $1,979,072
2019 $1,809,027 $984,372 $27,757,147 $824,655
2018 $1,681,970 $1,324,236 $23,410,172 $357,734
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare UNITED HEALTH SERVICES FOUNDATION INC with other nonprofits in New York and across the country.