NORTH STAR HEALTH ALLIANCE INC

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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

1993

Legal Domicile

Principal Officer

RICHARD DUVALL

Phone

3153933600

Tax Period

2023-01-01 to 2023-12-31

Mission

THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF ITS MEMBERS, WHICH COMPRISE: CLAXTON-HEPBURN MEDICAL CENTER, CLAXTON-HEPBURN MEDICAL CENTER FOUNDATION, AND CARTHAGE AREA HOSPITAL. THE CORPORATION MONITORS MISSION OBJECTIVES, ACTIVITIES, AND RESOURCES OF ITS MEMBERS, AND ADVISES IN RESPECT TO THE MONITORED MATTERS TO FURTHER THE PURPOSE OF PROMOTING EFFICIENT, EFFECTIVE, AND ECONOMICAL HEALTH CARE SERVICES IN RURAL AREAS OF NORTHERN NEW YORK.

Program Service Accomplishments

Program 1

NORTH STAR HEALTH ALLIANCE (NORTH STAR) IS A PARENT COMPANY FOR HEALTHCARE ENTITIES AND THEIR RELATED FOUNDATIONS. MEMBERS OF NORTH STAR WILL HAVE THEIR CERTIFICATES OF INCORPORATION AND BYLAWS...

NORTH STAR HEALTH ALLIANCE (NORTH STAR) IS A PARENT COMPANY FOR HEALTHCARE ENTITIES AND THEIR RELATED FOUNDATIONS. MEMBERS OF NORTH STAR WILL HAVE THEIR CERTIFICATES OF INCORPORATION AND BYLAWS INDICATE THAT NORTH STAR IS THEIR SOLE MEMBER ALLOWING NORTH STAR TO BE EMPOWERED UNDER THE NEW YORK NOT-FOR-PROFIT CORPORATION LAW TO APPOINT THE BOARD OF DIRECTORS OF EACH MEMBER, TO AMEND CERTIFICATES OF INCORPORATION AND BYLAWS AND APPROVE DISSOLUTIONS, MERGERS, AND ACQUISITIONS. AS THE PARENT COMPANY, NORTH STAR WILL ACT TO PROMOTE HIGH QUALITY HEALTH CARE SERVICES TO THE COMMUNITY THROUGH EFFICIENT, EFFECTIVE, AND ECONOMICAL SYSTEMS. THE INCREASINGLY REGULATED, COMPETITIVE, AND COST-CONSCIOUS ENVIRONMENT HAS LED MEMBERS TO DECREASED RESOURCES AND AN INCREASED NEED FOR COLLABORATIVE APPROACHES TO THESE CHALLENGES. IN THE ROLE OF A PARENT COMPANY, IT IS NOT ANTICIPATED THAT NORTH STAR WILL ITSELF BECOME A PROVIDER OF HEALTHCARE SERVICES OR OTHER SERVICES DIRECTED TO THE PUBLIC BUT RATHER WILL CONTINUE TO COORDINATE EFFORTS IN A COLLABORATIVE MANNER TO ADDRESS THE CHALLENGES FACED BY ITS MEMBERS SPECIFICALLY BY REDUCING FUNCTIONAL OVERLAPS AND MAXIMIZING THE UTILIZATION OF AVAILABLE RESOURCES.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	N/A	N/A
Expenses	N/A	N/A	N/A
Net Income	N/A	$0	N/A

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

N/A

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

$686,723

Total Directors