THE SAMARITAN MEDICAL CENTER FOUND… - 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

1995

Legal Domicile

Principal Officer

ELIZABETH FIPPS

Phone

3157855745

Tax Period

2023-01-01 to 2023-12-31

THE SAMARITAN MEDICAL CENTER FOUNDATION OF NORTHERN NEW YORK INC, founded in 1995, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 93% from the prior year, signaling strong growth momentum. The organization ran a surplus of $883K, a strong 66% operating margin.

Mission

PROVIDE FUNDS FOR SAMARITAN MEDICAL CENTER AND AFFILIATES TO HELP THEM PROVIDE A COMPREHENSIVE HEALTH CARE SYSTEM SERVING JEFFERSON, LEWIS, ST. LAWRENCE AND NORTHERN OSWEGO COUNTIES.

Program Service Accomplishments

Program 1

Expenses: $444,209

PROVIDE FUNDS FOR SAMARITAN MEDICAL CENTER, SAMARITAN KEEP HOME AND SAMARITAN SUMMIT VILLAGE.

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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 $735,170

Program Service Revenue $0

Investment Income $466,670

Other Revenue $131,554

TOTAL REVENUE $1,333,394

Expense Breakdown

Grants Paid $239,078

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $444,209

Other Expenses $211,033

TOTAL EXPENSES $450,111

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,333,394	$692,434	+0.9%
Expenses	$450,111	$461,570	0.0%
Net Income	$883,283	$230,864	+2.8%

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

$1,710,234

Total Directors

$1,603,829

Key Employees

$300,759

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY LACLAIR	CHAIR	1.00	Officer Director	$0	$0	$0
NANCY MARTEL	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN WHEELER	TREASURER	1.00	Officer Director	$0	$0	$0
THOMAS H CARMAN	PRESIDENT & CEO OF SMC	0.50	Officer Director	$0	$59,072	$1,102,663
DAVID ADSIT	TRUSTEE	1.00	Director	$0	$0	$0
FRANKLIN D CEAN	TRUSTEE	1.00	Director	$0	$0	$0
MARY WARDWELL-DONAHUE	TRUSTEE	1.00	Director	$0	$0	$0
MAUREEN K LUNDY-WAY	TRUSTEE	1.00	Director	$0	$0	$0
MAJA LUNDBORG-GRAY MD	TRUSTEE	1.00	Director	$0	$0	$0
CATHERINE B QUENCER	TRUSTEE	1.00	Director	$0	$0	$0
IRENE CARMAN	TRUSTEE	1.00	Director	$0	$0	$0
M ANDREW SHORT	TRUSTEE/COO OF SMC	1.00	Director	$0	$47,334	$501,166
PATRICIA I TAGUE	TRUSTEE	1.00	Director	$0	$0	$0
JOAN TREADWELL-WOODS	TRUSTEE	1.00	Director	$0	$0	$0
DAVID VANEENENAAM MD	TRUSTEE	1.00	Director	$0	$0	$0
SAMANTHA ROBBINS	TRUSTEE	1.00	Director	$0	$0	$0
LISA WEBER	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA FRITH DO	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL YONKOVIG	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN FRASER	TRUSTEE	1.00	Director	$0	$0	$0
DENISE YOUNG	TRUSTEE	1.00	Director	$0	$0	$0
JOHN POGGI	TRUSTEE	1.00	Director	$0	$0	$0
ALEC JOHNSON	2ND VICE CHAIR	1.00	Officer Director	$0	$0	$0
STEVEN PIERCE	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
CORRY LAWLER	TRUSTEE	1.00	Director	$0	$0	$0
DANA KEEFER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MAURA SMITH	TRUSTEE	1.00	Director	$0	$0	$0
JULIE SPRAGUE-WRIGHT	TRUSTEE	1.00	Director	$0	$0	$0
SHELBY MORGIA	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY SWEENEY	TRUSTEE	1.00	Director	$0	$0	$0
MAXINE BRIGGS	CFO/TREASURER	1.00	Officer	$0	$47,674	$607,571
ELIZABETH FIPPS	VP FOUNDATION AND COMMUNIT	40.00	Key Emp	$0	$44,392	$300,759

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	$1,333,394	$450,111	$19,280,201	$883,283
2022	$692,434	$461,570	$17,117,151	$230,864
2021	$1,395,907	$656,531	$19,489,042	$739,376
2020	$797,490	$1,054,823	$17,863,639	$-257,333
2019	$4,540,461	$2,961,045	$16,853,829	$1,579,416
2018	$2,907,090	$583,670	$15,272,048	$2,323,420

THE SAMARITAN MEDICAL CENTER FOUNDATION OF NORTHERN NEW YORK INC