ADIRONDACK MEDICAL CENTER FOUNDATION (EIN 161528554) - 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

1997

Legal Domicile

Principal Officer

DANIEL KELLEHER

Phone

5188972370

Tax Period

2023-01-01 to 2023-12-31

ADIRONDACK MEDICAL CENTER FOUNDATION, founded in 1997, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.4M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $2.7M, a strong 77% operating margin.

Mission

TO SUPPORT AND ASSIST ADIRONDACK MEDICAL CENTER, AN EXEMPT HEALTHCARE ORGANIZATION

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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 $2,630,146

Program Service Revenue $0

Investment Income $810,264

Other Revenue $0

TOTAL REVENUE $3,440,410

Expense Breakdown

Grants Paid $159,273

Salaries & Benefits $285,096

Fundraising Expenses $422,845

Program Expenses $222,618

Other Expenses $338,293

TOTAL EXPENSES $782,662

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,440,410	$3,691,701	-0.1%
Expenses	$782,662	$1,161,388	-0.3%
Net Income	$2,657,748	$2,530,313	+0.1%

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

$157,139

Total Directors

$817,826

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON KRAMER	EX-OFFICIO	1.00	Director	$0	$14,730	$351,788
DANIEL F KELLEHER	CHAIR	1.00	Officer Director	$0	$0	$0
HEATHER BUMSTED	VICE CHAIR	0.50	Officer Director	$0	$0	$0
ERIN PERKINS	SECRETARY	0.50	Officer Director	$0	$0	$0
ROBERT J BEIER	TREASURER	1.00	Officer Director	$0	$0	$0
JOE BECK	TRUSTEE	0.50	Director	$0	$0	$0
EDWARD BICKFORD	TRUSTEE	0.50	Director	$0	$0	$0
KEVIN BRADY	TRUSTEE	0.50	Director	$0	$0	$0
EVE BURNS DO	TRUSTEE	0.50	Director	$0	$54,768	$466,038
JOAN H GRABE	TRUSTEE	0.50	Director	$0	$0	$0
MAGGIE HO DO	TRUSTEE	0.50	Director	$0	$0	$0
KELLY LARKIN MD	TRUSTEE	0.50	Director	$0	$0	$0
NINA MERRILL	TRUSTEE	0.50	Director	$0	$0	$0
MATTHEW D NORFOLK ESQ	TRUSTEE	0.50	Director	$0	$0	$0
NICK POLITI	TRUSTEE	0.50	Director	$0	$0	$0
NOELLE SHORT	TRUSTEE	0.50	Director	$0	$0	$0
EDWARD UGHETTA	TRUSTEE	0.50	Director	$0	$0	$0
PETER VAN ETTEN	TRUSTEE	0.50	Director	$0	$0	$0
SUSAN DELEHANTY	EX-OFFICIO	1.00	Director	$0	$0	$0
JOHN HUWILER	TRUSTEE	0.50	Director	$0	$0	$0
THOMAS GREEN MD	TRUSTEE	0.50	Director	$0	$0	$0
HEIDI HOLDERIED-MADDEN	TRUSTEE	0.50	Director	$0	$0	$0
HANNAH HANFORD	EXECUTIVE DIRECTOR	40.00	Officer	$138,201	$18,938	$157,139

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	$3,440,410	$782,662	$25,225,462	$2,657,748
2022	$3,691,701	$1,161,388	$20,838,777	$2,530,313
2021	$5,215,601	$2,800,848	$22,163,364	$2,414,753
2020	$2,150,071	$1,511,315	$18,326,322	$638,756
2019	$1,167,386	$3,363,377	$16,606,765	$-2,195,991
2018	$3,778,164	$7,942,629	$16,765,608	$-4,164,465

ADIRONDACK MEDICAL CENTER FOUNDATION