CLIFTON SPRINGS HOSPITAL & CLINIC FOUNDATION (EIN 161560033) - 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

DR RICHARD DAVIS

Phone

5859221595

Tax Period

2023-01-01 to 2023-12-31

CLIFTON SPRINGS HOSPITAL & CLINIC FOUNDATION, founded in 1997, is a community nonprofit in the Health Care sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 105% from the prior year, signaling strong growth momentum. Net assets of $10.4M represent 100 months of operating reserves.

Mission

CLIFTON SPRINGS HOSPITAL & CLINIC FOUNDATION, INC. WAS FORMED TO SOLICIT, RECEIVE, MAINTAIN AND DISTRIBUTE FUNDS AND PROPERTY IN CONNECTION WITH AND FOR THE BENEFIT OF THE CHARITABLE PURPOSES OF CLIFTON SPRINGS SANITARIUM CO. D/B/A CLIFTON SPRINGS HOSPITAL AND CLINIC AND OTHER ORGANIZATIONS WITH SIMILAR PURPOSES.

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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 $787,463

Program Service Revenue $0

Investment Income $361,829

Other Revenue $95,342

TOTAL REVENUE $1,244,634

Expense Breakdown

Grants Paid $884,042

Salaries & Benefits $324,875

Fundraising Expenses $264,758

Program Expenses $886,553

Other Expenses $135,367

TOTAL EXPENSES $1,344,284

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,244,634	$608,586	+1.0%
Expenses	$1,344,284	$2,685,703	-0.5%
Net Income	$-99,650	$-2,077,117	-1.0%

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

$7,949,373

Total Directors

$4,057,387

Key Employees

$1,529,148

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT WOODHOUSE	CHAIR OF THE BOARD	1.00	Officer Director	$0	$0	$0
LEWIS ZULICK MD	TREASURER	1.00	Officer Director	$0	$30,029	$188,390
RICHARD DAVIS PHD	CEO	0.00	Officer Director	$0	$54,881	$3,137,090
AZFAR AHMED MD	DIRECTOR	1.00	Director	$0	$9,304	$731,907
KEVIN CHRISTIANO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SLAVE JANKULOSKI	DIRECTOR	1.00	Director	$0	$0	$0
MARY LUE MUELLER	DIRECTOR	1.00	Director	$0	$0	$0
DOUG TRIPLETT	DIRECTOR	1.00	Director	$0	$0	$0
BILL YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
SHELBY VANDERBROOK	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS CRILLY	CFO	0.00	Officer	$0	$154,601	$1,579,020
HUGH THOMAS	CAO	0.00	Officer	$0	$9,101	$1,739,491
JENNIFER ESLINGER	COO	0.00	Officer	$0	$11,368	$1,305,382
DUSTIN RICCIO	PRESIDENT, EASTERN REGION	0.00	Key Emp	$0	$44,902	$528,617
KELLY MCCORMICK-SULLIVAN	PRESIDENT, FOUNDATIONS	0.00	Key Emp	$0	$11,176	$325,520
KELLY GAGAN	PRESIDENT, FOUNDATIONS	0.00	Key Emp	$0	$51	$229,900
DANIEL IRELAND	PRESIDENT, FINGER LAKES RURAL HOSPTIALS	0.00	Key Emp	$0	$4,241	$445,111

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	$1,244,634	$1,344,284	$10,485,827	$-99,650
2022	$608,586	$2,685,703	$11,209,677	$-2,077,117
2021	$710,290	$1,273,568	$13,505,154	$-563,278
2020	$2,442,270	$487,902	$13,736,333	$1,954,368
2019	$3,085,447	$499,051	$11,177,509	$2,586,396
2018	$3,134,249	$537,293	$7,863,394	$2,596,956

CLIFTON SPRINGS HOSPITAL & CLINIC FOUNDATION