VETERANS HEALTH RESEARCH INSTITUTE OF CENTRAL NEW YORK INC (EIN 161365231) - 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

1989

Legal Domicile

Principal Officer

ETHAN DINAN

Phone

3154254400

Tax Period

2024-10-01 to 2025-09-30

VETERANS HEALTH RESEARCH INSTITUTE OF CENTRAL NEW YORK INC, founded in 1989, is a community nonprofit in the Medical Research sector that reported $1.6M in total revenue in fiscal year 2024. Expenses of $1.5M left a modest 6% surplus.

Mission

THE PRIMARY MISSION OF THE VETERANS HEALTH RESEARCH INSTITUTE OF CENTRAL NEW YORK INC., AN IRC SECTION 501(C)(3) CORPORATION ESTABLISHED IN ACCORDANCE WITH USC TITLE 38, SUB CHAPTER IV - RESEARCH AND EDUCATION CORPORATION, SECTION 7361-7368 IS TO ADVANCE THE RESEARCH MISSION OF THE SYRACUSE VA MEDICAL CENTER AND THE FINGER LAKES HEALTH CARE SYSTEM. THE OVERARCHING GOAL OF ALL RESEARCH ACTIVITY IS TO IMPROVE MEDICAL CARE FOR ALL VETERANS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $397

Program Service Revenue $1,536,932

Investment Income $16,241

Other Revenue $5,947

TOTAL REVENUE $1,559,517

Expense Breakdown

Grants Paid $0

Salaries & Benefits $953,041

Fundraising Expenses $0

Program Expenses $1,180,358

Other Expenses $508,808

TOTAL EXPENSES $1,461,849

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,559,517	$1,623,695	0.0%
Expenses	$1,461,849	$1,970,830	-0.3%
Net Income	$97,668	$-347,135	-1.3%

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

$605,617

Total Directors

$1,498,180

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN PFLANZ	STATUTORY DI	2.00	Director	$0	$0	$366,997
BRUCE TUCKER	STATUTORY DI	2.00	Director	$0	$23,509	$216,605
MARK MURDOCK	STATUTORY DI	2.00	Director	$0	$0	$212,100
PAUL DOUGHERTY	PRESIDENT	5.00	Officer Director	$0	$23,509	$211,674
MICHAEL DELDUCA	STATUTORY DI	2.00	Director	$0	$9,505	$177,896
RICHARD J SERVATIUS	FRMR PRESIDE	5.00	Officer Director	$0	$20,496	$167,028
KYLE POSSEMATO	VICE PRESIDE	5.00	Officer Director	$0	$0	$145,880
ETHAN DINAN	EXECUTIVE DI	40.00	Officer	$76,458	$4,577	$81,035
DANIEL BERGMAN	STATUTORY DI	2.00	Director	$0	$0	$0
AMELIA MCLEAN-ROBERTSON	TREASURER	4.00	Officer Director	$0	$0	$0
JERIA O'DELL	NON-FED DIRE	1.00	Director	$0	$0	$0
JOHN TULLY	NON-FED DIRE	1.00	Director	$0	$0	$0
MARGARET TURK	NON-FED DIRE	1.00	Director	$0	$0	$0
DIEGO URIBE	NON-FED DIRE	2.00	Director	$0	$0	$0
CYNTHIA WEICKERT	NON-FED DIRE	N/A	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
2025	$1,559,517	$1,461,849	$637,876	$97,668
2024	$1,623,695	$1,970,830	$556,299	$-347,135
2023	$1,597,730	$1,575,935	$890,429	$21,795
2022	$1,567,791	$1,688,276	$860,046	$-120,485
2021	$1,749,781	$1,491,472	$983,260	$258,309
2020	$1,186,393	$1,290,640	$869,351	$-104,247
2019	$1,105,914	$1,171,094	$813,290	$-65,180
2019	$1,105,914	$1,171,094	$813,290	$-65,180
2018	$954,341	$914,004	$855,957	$40,337

VETERANS HEALTH RESEARCH INSTITUTE OF CENTRAL NEW YORK INC