HOSPICE FOUNDATION OF CENTRAL NEW YORK INC

EIN: 161438980 501(c)(3)

LIVERPOOL, NY

Total Revenue
$1,242,392
Total Expenses
$946,319
Total Assets
$10,248,417
Net Assets
$10,169,709
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
NY
Principal Officer
ZACHARY ERICKSON
Phone
3156341100
Tax Period
2024-06-01 to 2025-05-31

HOSPICE FOUNDATION OF CENTRAL NEW YORK INC, founded in 1993, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $296K, a strong 24% operating margin.

Mission

THE HOSPICE FOUNDATION PROMOTES THE VALUES OF HOSPICE CARE. IT IS DEDICATED TO PROVIDING SUPPORT SOLELY FOR THE PROGRAMS AND OPERATIONS OF THE CARING COALITION OF CENTRAL NEW YORK D/B/A HOSPICE OF CENTRAL NEW YORK AND HOSPICE OF THE FINGER LAKES. THE HOSPICE FOUNDATION WORKS TO ENHANCE HOSPICE PROGRAMS AND INITIATIVES. THE HOSPICE FOUNDATION IS CHARGED WITH RECEIVING, SOLICITING, PRUDENTLY MANAGING AND INVESTING ALL FORMS OF CHARITABLE GIFTS FROM INDIVIDUALS, ORGANIZATIONS AND FOUNDATIONS. IT IS RESPONSIBLE FOR DISTRIBUTING RESTRICTED AND UNRESTRICTED GRANTS TO THE CARING COALITION OF CENTRAL NEW YORK IN ACCORDANCE WITH DONOR RESTRICTIONS AND EXISTING POLICIES OF THE FOUNDATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $801,004
Program Service Revenue $0
Investment Income $459,347
Other Revenue $-17,959
TOTAL REVENUE $1,242,392

Expense Breakdown

Grants Paid $425,457
Salaries & Benefits $0
Fundraising Expenses $340,112
Program Expenses $451,330
Other Expenses $520,862
TOTAL EXPENSES $946,319

Year-over-Year Comparison

2024 2023 Change
Revenue $1,242,392 $1,540,198 -0.2%
Expenses $946,319 $1,304,526 -0.3%
Net Income $296,073 $235,672 +0.3%
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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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
63

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
$324,548
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM AIELLO BOARD PRESIDENT 1.00
Officer Director
$0 $0 $0
CRISTINA BRAGA BOARD VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MARK MUTHUMBI BOARD TREASURER 1.00
Officer Director
$0 $0 $0
KRISTEN MOHAT BOARD SECRETARY 1.00
Officer Director
$0 $0 $0
PATRICK NAPPI BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL J LUTON CPA BOARD MEMBER 1.00
Director
$0 $0 $0
NINA CHILES BOARD MEMBER 1.00
Director
$0 $0 $0
ROBIN CORTESE BOARD MEMBER 1.00
Director
$0 $0 $0
DON SCHOLL BOARD MEMBER 1.00
Director
$0 $0 $0
CATHERINE WINGER BOARD MEMBER 1.00
Director
$0 $0 $0
MARY STONE BOARD MEMBER 1.00
Director
$0 $0 $0
CYNTHIA L CHANDLER CEO OF SOLE CORP MEMBER 3.00
Officer
$0 $21,933 $185,728
ZACHARY ERICKSON CFO OF SOLE CORP MEMBER 2.00
Officer
$0 $16,954 $138,820
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 $1,242,392 $946,319 $10,248,417 $296,073
2024 $1,540,198 $1,304,526 $9,360,599 $235,672
2023 $1,168,868 $1,248,487 $8,027,264 $-79,619
2022 $1,185,520 $1,084,413 $8,167,412 $101,107
2021 $1,905,116 $794,327 $8,773,006 $1,110,789
2020 $1,513,131 $792,432 $6,705,194 $720,699
2019 $1,091,998 $652,700 $6,225,332 $439,298
2018 $829,728 $700,912 $6,025,113 $128,816
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