ST LUKES HOME RESIDENTIAL HEALTH CARE FACILITY INC

EIN: 161476372 501(c)(3) Health Care

NEW HARTFORD, NY

Total Revenue
$19,329,268
Total Expenses
$21,471,734
Total Assets
$20,102,990
Net Assets
$13,682,947
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
NY
Phone
3156248600
Tax Period
2023-01-01 to 2023-12-31

ST LUKES HOME RESIDENTIAL HEALTH CARE FACILITY INC, founded in 1995, is a mid-sized nonprofit in the Health Care sector that reported $19.3M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $21.5M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO ESTABLISH AND MAINTAIN, WITHIN THE STATE OF NEW YORK, A RESIDENTIAL HEALTH CARE FACILITY, TO PROVIDE CARE TO THE FRAIL, ELDERLY AND OTHER INDIVIDUALS REQUIRING SKILLED NURSING CARE AND/OR RESTORATIVE REHABILITATION. TO CARRY ON EDUCATIONAL ACTIVITIES AND PROGRAMS INCIDENT TO THE PURPOSES SET FORTH ABOVE. TO DO ANY OTHER ACT OR THING INCIDENTAL TO OR CONNECTED WITH THE FOREGOING PURPOSES OR ADVANCEMENT THEREOF, BUT NOT FOR THE PECUNIARY PROFIT OR FINANCIAL GAIN OF ITS MEMBERS, DIRECTORS, OR OFFICERS, EXCEPT AS PERMITTED UNDER THE NEW YORK STATE NOT-FOR-PROFIT CORPORATION LAW.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,002
Program Service Revenue $17,753,689
Investment Income $126
Other Revenue $1,568,451
TOTAL REVENUE $19,329,268

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,471,643
Fundraising Expenses $0
Program Expenses $19,595,477
Other Expenses $10,000,091
TOTAL EXPENSES $21,471,734

Year-over-Year Comparison

2023 2022 Change
Revenue $19,329,268 $16,414,064 +0.2%
Expenses $21,471,734 $19,889,223 +0.1%
Net Income $-2,142,466 $-3,475,159 -0.4%
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

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Governance

Voting Members
16
Independent Members
14
Employees
286
Volunteers
10

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
8
$1,902,764
Total Directors
11
$826,818
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DARLENE STROMSTAD PRESIDENT/CEO 1
Officer
$0 $25,003 $1,069,357
SUSHMA KAUL MD PHYSICIAN/MEDICAL STAFF PRESIDENT 0.5
Director
$0 $30,633 $717,818
LOUIS AIELLO SR VP/CFO 1
Officer
$0 $34,699 $673,327
MAUREEN BARD EXECUTIVE DIRECTOR 50
Officer
$147,522 $12,558 $160,080
ANNA APPLER DIRECTOR OF NURSING 40
Highest
$143,342 $13,730 $157,072
JONATHAN BLOCK MD MEDICAL STAFF VICE PRESIDENT 0.5
Director
$0 $0 $109,000
JOAN COMPSON CHAIR EMERITUS 0.5
Director
$0 $0 $0
NORMAN SIEGEL CHAIR EMERITUS 0.5
Director
$0 $0 $0
CATHERINE BROWNELL PHD DIRECTOR 0.5
Director
$0 $0 $0
DOMENIC P AIELLO MD DIRECTOR 0.5
Director
$0 $0 $0
GREGORY B MCLEAN DIRECTOR 0.5
Director
$0 $0 $0
BARBARA BRODOCK DIRECTOR 0.5
Director
$0 $0 $0
CATHERINE COMINSKY DIRECTOR 0.5
Director
$0 $0 $0
ANDREW KOWALCZYK III DIRECTOR 0.5
Director
$0 $0 $0
SYMEON TSOUPELIS DIRECTOR 0.5
Director
$0 $0 $0
GREGORY EVANS CHAIRMAN 0.5
Officer
$0 $0 $0
LAUREN BULL VICE CHAIRMAN 0.5
Officer
$0 $0 $0
KAREN LEACH SECRETARY 0.5
Officer
$0 $0 $0
RICHARD ZWEIFEL TREASURER 0.5
Officer
$0 $0 $0
RICHARD TANTILLO PHILANTHROPY CHAIRMAN 0.5
Officer
$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
2024 No data No data No data No data
2023 $19,329,268 $21,471,734 $20,102,990 $-2,142,466
2022 $16,414,064 $19,889,223 $22,786,459 $-3,475,159
2021 $18,105,934 $18,339,431 $25,808,218 $-233,497
2020 $21,442,043 $19,539,718 $25,468,486 $1,902,325
2019 $20,688,597 $19,896,514 $23,439,238 $792,083
2018 $21,343,492 $20,933,458 $22,393,022 $410,034
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