BUFFALO, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)KALEIDA HEALTH FOUNDATION, founded in 1999, is a community nonprofit in the Health Care sector that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $6.2M exceeded revenue, resulting in a 266% operating deficit.
TO SOLICIT, MAINTAIN, & ENHANCE THE VALUE OF PUBLIC CONTRIBUTIONS TO PROVIDE FINANCIAL SUPPORT TO KALEIDA HEALTH IN THEIR MISSION TO ADVANCE THE HEALTH OF OUR COMMUNITY.
THE ORGANIZATION IS A NOT-FOR-PROFIT CHARITABLE FOUNDATION SUPPORTING THE FOLLOWING DIVISIONS UNDER KALEIDA HEALTH, A RELATED TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM: BUFFALO GENERAL MEDICAL...
THE ORGANIZATION IS A NOT-FOR-PROFIT CHARITABLE FOUNDATION SUPPORTING THE FOLLOWING DIVISIONS UNDER KALEIDA HEALTH, A RELATED TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM: BUFFALO GENERAL MEDICAL CENTER DEGRAFF MEMORIAL HOSPITAL MILLARD FILLMORE SUBURBAN HOSPITAL GATES VASCULAR INSTITUTE HIGHPOINTE ON MICHIGAN THE ORGANIZATION ALSO SUPPORTS THE VISITING NURSES ASSOCIATION OF WNY, AN AFFILIATE HOME HEALTH CARE AGENCY.WITH SUPPORT FROM ITS' BOARD OF DIRECTORS AND THE MANY VOLUNTEERS, THE ORGANIZATION RAISES GIFTS IN THE FORM OF CASH, STOCKS, ESTATE GIFTS, CORPORATE GIFTS AND GRANTS FROM PRIVATE FOUNDATIONS.BY FOSTERING CHARITABLE RELATIONSHIPS AND INCREASING PHILANTHROPY, THE ORGANIZATION SUPPORTS KALEIDA HEALTH IN ITS' MISSION TO ADVANCE THE HEALTH OF OUR COMMUNITY EVERY DAY THROUGH EXCEPTIONAL CARE, EDUCATION AND RESEARCH.THE PRIMARY PROGRAMS AND ACTIVITIES OF THE ORGANIZATION INCLUDE:1. KALEIDA BALL - AN ANNUAL DINNER THAT IS A PREMIER FUNDRAISER FOR KALEIDA HEALTH AND ITS AFFILIATES. THE FOUNDATION SOLICITS PATRONS AND ATTENDEES IN ADVANCE OF THE EVENT AS WELL AS CONDUCT OVERALL ACTIVITIES DURING THE EVENT INCLUDING DINNER AND ENTERTAINMENT. THE HIGHLIGHT OF THE EVENING INCLUDES THE PRESENTATION OF THE SPIRIT AWARD WHICH RECOGNIZES LOCAL INDIVIDUALS FOR THEIR SIGNIFICANT AND SPIRITED SUPPORT OF KALEIDA HEALTH AND FOR THEIR DEDICATION TO IMPROVE THE HEALTH OF THE WESTERN NEW YORK COMMUNITY. FUNDRAISING FOR THIS EVENT TOOK PLACE IN 2022 AND EARLY 2023 AND HELD ON JANUARY 7TH, 2023. THE EVENT RAISED A NET INCOME OF $188,858 FOR GATES VASCULAR INSTITUTE AND THE HOPKINS ENDOWMENT FUND.2. KALEIDA CLASSIC - AN ANNUAL GOLF TOURNAMENT TO RAISE FUNDS TO SUPPORT THE FOUNDATION AND KALEIDA HEALTH. THE FOUNDATION SOLICITS PATRONS AND PARTICIPANTS IN ADVANCE OF THE TOURNAMENT AS WELL AS CONDUCT OVERALL ACTIVITIES DURING THE EVENT. THE 2023 EVENT WAS HELD ON JULY 10TH AT WANAKAH COUNTRY CLUB AND PROCEEDS TO BENEFIT THE MILLARD FILLMORE SUBURBAN RENOVATION PROJECT OF THE MOTHER BABY UNIT. THE EVENT RAISED A NET INCOME OF $129,985.3. TEE OFF FOR TOTS GOLF TOURNAMENT - AN ANNUAL GOLF TOURNAMENT TO RAISE FUNDS TO SUPPORT THE CHILDREN WHO LIVE AT THE HIGHPOINTE ON MICHIGAN PEDIATRIC PAVILION. THE FOUNDATION SOLICITS PATRONS AND PARTICIPANTS IN ADVANCE OF THE TOURNAMENT AS WELL AS CONDUCT OVERALL ACTIVITIES DURING THE EVENT. IN SEPTEMBER 2023, THE 29TH YEAR, ON SEPTEMBER 9H, THEY WERE AT THE NIAGARA FALLS COUNTRY CLUB, THE EVENT RAISED A NET OF $37,288 TO HELP THE RENOVATION EFFORTS.A SIGNIFICANT PORTION OF THE OPERATING ACTIVITY REFLECTED BY THE ORGANIZATION OCCURS WITHIN THE SPECIAL PURPOSE FUNDS. IN MANY CASES THE USE OF THESE FUNDS IS EITHER PERMANENTLY OR TEMPORARILY RESTRICTED BY THE DONOR. SEE SCHEDULE D, PART V FOR FURTHER DETAIL REGARDING THESE FUNDS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,682,308 | $4,426,025 | -0.6% |
| Expenses | $6,150,044 | $8,775,976 | -0.3% |
| Net Income | $-4,467,736 | $-4,349,951 | +0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TIMOTHY VAETH | CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| NICOLE TZETZO | VICE CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARC ROSENTHAL | SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| PAUL BROWN | TREASURER | 1.00 |
Director
|
$0 | $0 | $0 |
| RACHEL CAPPELLINO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK COLLARD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRIAN CONNOLLY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JA'NAY JONES | DIRECTOR (THRU APRIL 2023) | 1.00 |
Director
|
$0 | $0 | $0 |
| SEAN KEENAN | DIRECTOR (THRU DEC 2023) | 1.00 |
Director
|
$0 | $0 | $0 |
| JOE MANZELLA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MIKE MCMAHON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PATRICIA MERTZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PHILIP PANTANO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES ROONEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTINA SABUDA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SARAH TANBAKUCHI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT WALTER | DIRECTOR (THRU MARCH 2023) | 1.00 |
Director
|
$0 | $0 | $0 |
| CAROL HORTON | VICE PRESIDENT | 40.00 |
Officer
Director
|
$358,027 | $31,898 | $389,925 |
| CHRISTOPHER JORDAN | DIRECTOR DEVELOPMENT | 40.00 |
Highest
|
$170,021 | $20,648 | $190,669 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,682,308 | $6,150,044 | $41,135,409 | $-4,467,736 |
| 2022 | $4,426,025 | $8,775,976 | $44,474,725 | $-4,349,951 |
| 2021 | $6,911,970 | $11,893,349 | $51,635,674 | $-4,981,379 |
| 2020 | $4,353,361 | $8,322,021 | $46,040,798 | $-3,968,660 |
| 2019 | $7,584,209 | $11,051,003 | $46,443,045 | $-3,466,794 |
| 2018 | $6,911,109 | $8,954,101 | $47,907,289 | $-2,042,992 |
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