OLEAN GENERAL HOSPITAL FOUNDATION (EIN 161497087) - 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

1996

Legal Domicile

Principal Officer

STEVEN JACKSON

Phone

7163757444

Tax Period

2024-01-01 to 2024-12-31

OLEAN GENERAL HOSPITAL FOUNDATION, founded in 1996, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $7.0M in total revenue in fiscal year 2024. Revenue surged 171% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.3M, a strong 48% operating margin.

Mission

THE MISSION STATEMENT CAN BE FOUND ON SCHEDULE O.

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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 $1,171,391

Program Service Revenue $0

Investment Income $5,900,354

Other Revenue $-52,329

TOTAL REVENUE $7,019,416

Expense Breakdown

Grants Paid $2,984,854

Salaries & Benefits $307,881

Fundraising Expenses $261,539

Program Expenses $2,984,854

Other Expenses $387,865

TOTAL EXPENSES $3,680,600

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,019,416	$2,589,846	+1.7%
Expenses	$3,680,600	$3,169,093	+0.2%
Net Income	$3,338,816	$-579,247	-6.8%

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

$167,853

Total Directors

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES BARDENETT	CHAIRMAN	1.00	Officer Director	$0	$0	$0
THERESA SMITH	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
RONALD CECCHI	TREASURER	1.00	Officer Director	$0	$0	$0
KELLY LENT-PAUL	SECRETARY	1.00	Officer Director	$0	$0	$0
LEDGIE DEROSE	DIRECTOR	1.00	Director	$0	$0	$0
MUHAMMED T JAVED	DIRECTOR	1.00	Director	$0	$0	$60,000
CHRIS NAPOLEON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN PALUMBO	DIRECTOR	1.00	Director	$0	$0	$0
PAUL PEZZIMENTI	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY PRIVITERA	DIRECTOR	1.00	Director	$0	$0	$0
SUSANNA STITT	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN JACKSON	PRESIDENT	40.00	Officer	$155,602	$12,251	$167,853

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	$7,019,416	$3,680,600	$45,810,107	$3,338,816
2023	$2,589,846	$3,169,093	$43,882,685	$-579,247
2022	$2,397,602	$3,996,094	$40,563,509	$-1,598,492
2021	$6,076,941	$2,281,611	$48,066,140	$3,795,330
2020	$10,225,625	$1,749,048	$44,524,047	$8,476,577
2019	$1,934,046	$1,954,396	$33,006,556	$-20,350
2018	$3,259,647	$1,791,262	$29,489,635	$1,468,385

OLEAN GENERAL HOSPITAL FOUNDATION