MOUNT ST MARY'S HOSPITAL FOUNDATIO… - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

ROBERT INGRASCI

Phone

7169232968

Tax Period

2023-01-01 to 2023-12-31

MOUNT ST MARY'S HOSPITAL FOUNDATION INC, founded in 1989, is a small nonprofit in the Health Care sector that reported $658K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 266% operating deficit.

Mission

THE MOUNT ST. MARY'S HOSPITAL FOUNDATION IS A CHARITABLE, NOT-FOR-PROFIT 501(C)(3) CORPORATION WITH THE SOLE PURPOSE OF RAISING FUNDS FOR THE BENEFIT OF MOUNT ST. MARY'S HOSPITAL IN LEWISTON, NY.

Program Service Accomplishments

Program 1

Expenses: $1,919,597

MOUNT ST. MARY'S HOSPITAL 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...

Program 2

Expenses: $25,665

MOUNT ST. MARY'S HOSPITAL FOUNDATION PROVIDED FUNDING FOR STAFF EDUCATION AND MEDICAL EDUCATION FOR PHYSICIANS INCLUDING THE REIMBURSEMENT OF TRAVEL AND LODGING EXPENSES. THE FOUNDATION SUPPORTED...

MOUNT ST. MARY'S HOSPITAL FOUNDATION PROVIDED FUNDING FOR STAFF EDUCATION AND MEDICAL EDUCATION FOR PHYSICIANS INCLUDING THE REIMBURSEMENT OF TRAVEL AND LODGING EXPENSES. THE FOUNDATION SUPPORTED ASSOCIATE RETENTION AND HEALTH INITIATIVES BY FURNISHING INCREASED GYM EQUIPMENT AND SPONSORING THE SERENITY ROOM. MAINTAINED FUNDS TO SUPPORT SPIRITUAL CARE AND SPONSORED SEVERAL PROGRAMS TO CREATE A HEALTHIER COMMUNITY.

Program 3

Expenses: $88,280

MOUNT ST. MARY'S HOSPITAL FOUNDATION SERVED AN IMPORTANT ROLE IN THE COMMUNITY PROVIDING A WIDE RANGE OF SERVICES TO ADDRESS MANY LEVELS OF CARE BY SUPPORTING THE NEIGHBORHOOD FAMILY CARE CENTER.

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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 $546,805

Program Service Revenue $0

Investment Income $67,715

Other Revenue $43,055

TOTAL REVENUE $657,575

Expense Breakdown

Grants Paid $2,021,131

Salaries & Benefits $290,311

Fundraising Expenses $209,930

Program Expenses $2,033,542

Other Expenses $94,561

TOTAL EXPENSES $2,406,003

Year-over-Year Comparison

	2023	2022	Change
Revenue	$657,575	$833,080	-0.2%
Expenses	$2,406,003	$676,439	+2.6%
Net Income	$-1,748,428	$156,641	-12.2%

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

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

$3,939,934

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
CHARLES J URLAUB	SR VP SPI & CARE DELIVERY NC PRESI	0.00	Director	$0	$75,182	$561,880
MARY KNOTTS	DIRECTOR	0.00	Director	$0	$0	$0
DAVID MARIES	DIRECTOR	0.00	Director	$0	$0	$0
MARTIN SHIMMEL	DIRECTOR	0.00	Director	$0	$0	$0
ANTHONY EUGENI	VICE CHAIRMAN	0.00	Officer Director	$0	$0	$0
ROBERT INGRASCI	CHAIRMAN	0.00	Officer Director	$0	$0	$0
PATRICIA A MISKO	EXECUTIVE DIRECTOR	55.00	Director	$114,567	$1,966	$116,533
THOMAS AUSTEN	DIRECTOR	0.00	Director	$0	$0	$0
GEOFFREY MCDERMID	DIRECTOR	0.00	Director	$0	$0	$0
LAURA MARKLE	TREASURER	0.00	Officer Director	$0	$0	$0
DOUGLAS RAHAM	DIRECTOR	0.00	Director	$0	$0	$0
MARY MURPHY	DIRECTOR	0.00	Director	$0	$0	$0
JOAN AUL	DIRECTOR	0.00	Director	$0	$0	$0
LYN DYSTER	DIRECTOR	0.00	Director	$0	$0	$0
DONALD LARGO MD	DIRECTOR	0.00	Director	$0	$46,052	$353,095
ROBERT TAYLOR MD	DIRECTOR	0.00	Director	$0	$0	$0
ANTHONY DELMONTE 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

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	$657,575	$2,406,003	$9,124,425	$-1,748,428
2022	$833,080	$676,439	$11,717,301	$156,641
2021	$4,498,509	$943,694	$16,222,385	$3,554,815
2020	$1,061,471	$779,201	$7,400,407	$282,270
2019	$1,038,780	$979,818	$6,511,772	$58,962
2018	$1,116,827	$1,327,372	$6,329,998	$-210,545

MOUNT ST MARY'S HOSPITAL FOUNDATION INC