FALLON HEALTH WEINBERG INC

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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

1999

Legal Domicile

Principal Officer

JILL GREEN LEBOW

Phone

7164797276

Tax Period

2023-01-01 to 2023-12-31

FALLON HEALTH WEINBERG INC, founded in 1999, is a mid-sized nonprofit in the Human Services sector that reported $45.4M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $43.2M left a modest 5% surplus.

Mission

FALLON HEALTH WEINBERG CONSISTS OF A MANAGED LONG-TERM CARE PROGRAM (MLTC) AND A PROGRAM FOR ALL-INCLUSIVE CARE FOR THE ELDERLY (PACE). THE MISSION OF THE FALLON HEALTH WEINBERG PROGRAMS IS TO ADDRESS THE LONG-TERM CARE NEEDS FOR THOSE MEDICAID OR DUALLY ELIGIBLE (MEDICARE AND MEDICAID) INDIVIDUALS IN THE WESTERN NEW YORK COMMUNITY WHO ARE CHRONICALLY ILL OR WHO HAVE DISABILITIES. THE PROGRAMS ARE DESIGNED TO KEEP PARTICIPANTS LIVING SAFELY AND INDEPENDENTLY IN THE COMFORT OF THEIR OWN HOME AS LONG AS POSSIBLE. EACH PARTICIPANT'S HIGHLY TRAINED CARE TEAM COORDINATES A PLAN OF CARE THAT IS PERSONALIZED AND DEVELOPED TO MEET EACH PARTICIPANT'S SPECIFIC NEEDS. THE CARE TEAM CONTINUALLY MONITORS PARTICIPANT'S HEALTH STATUS TO UPDATE THE CARE PLAN TO ENSURE THE PARTICIPANT IS RECEIVING THE HIGHEST QUALITY OF CARE WHILE REMAINING IN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $22,636,202 Revenue: $28,109,674

The MLTC program provides services to Medicaid eligible individuals in the Western New York community who are chronically ill or who have disabilities. The Fallon Health Weinberg MLTC program is...

The MLTC program provides services to Medicaid eligible individuals in the Western New York community who are chronically ill or who have disabilities. The Fallon Health Weinberg MLTC program is designed to keep participants living safely at their highest level of independence and in the comfort of their own home as long as possible. Through the coordination of personalized care plans, a participant has access to an array of health care services that they receive either in their home or in a day care setting. A majority of the services provided to participants are at no cost to the participant and are covered either by the program or by Medicaid fee-for-service. The services provided by The Fallon Health Weinberg MLTC program include care management, nursing home care, private duty nursing, home health care, home care aide, physical, occupational, and speech therapy, home delivered meals, personal care, nutrition, audiology, dentistry, optometry, personal emergency response systems, and transportation.

Program 2

Expenses: $15,035,560 Revenue: $17,301,557

THE PACE PROGRAM PROVIDES SERVICES TO MEDICAID, DUALLY ELIGIBLE (MEDICARE & MEDICAID), AND PRIVATE PAY INDIVIDUALS 55 AND OLDER WITHIN ERIE AND NIAGARA COUNTIES WHO ARE CHRONICALLY ILL OR WHO HAVE...

THE PACE PROGRAM PROVIDES SERVICES TO MEDICAID, DUALLY ELIGIBLE (MEDICARE & MEDICAID), AND PRIVATE PAY INDIVIDUALS 55 AND OLDER WITHIN ERIE AND NIAGARA COUNTIES WHO ARE CHRONICALLY ILL OR WHO HAVE DISABILITIES. THE FALLON HEALTH WEINBERG PACE PROGRAM IS DESIGNED TO KEEP PARTICIPANTS LIVING SAFELY AT THEIR HIGHEST LEVEL OF INDEPENDENCE AND IN THE COMFORT OF THEIR OWN HOME AS LONG AS POSSIBLE. THROUGH THE COORDINATION OF PERSONALIZED CARE PLANS, A PARTICIPANT HAS ACCESS TO AN ARRAY OF HEALTH CARE SERVICES THAT THEY RECEIVE IN THEIR HOME AND IN THE PACE CENTER. A MAJORITY OF THE SERVICES PROVIDED TO PARTICIPANTS MAY BE AT NO COST TO THE PARTICIPANT. THE SERVICES PROVIDED BY THE FALLON HEALTH WEINBERG PACE PROGRAM INCLUDE BUT ARE NOT LIMITED TO THEIR MEDICAL CARE, PRESCRIPTION DRUG COVERAGE, CARE MANAGEMENT, HOME HEALTH CARE, PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPY, PERSONAL CARE, NUTRITION, AUDIOLOGY, DENTISTRY, OPTOMETRY, PERSONAL EMERGENCY RESPONSE SYSTEMS, AND TRANSPORTATION.

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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 $0

Program Service Revenue $45,411,231

Investment Income $29,993

Other Revenue $0

TOTAL REVENUE $45,441,224

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,397,407

Fundraising Expenses $0

Program Expenses $37,671,762

Other Expenses $3,271,134

TOTAL EXPENSES $43,194,368

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,441,224	$34,797,894	+0.3%
Expenses	$43,194,368	$37,190,687	+0.2%
Net Income	$2,246,856	$-2,392,793	-1.9%

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

$1,453,450

Total Directors

$1,539,736

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILL GREEN LEBOW	DIRECTOR - CHAIRPERSON	2.0	Officer Director	$0	$88,084	$658,660
KRISTINE BOSTEK	DIRECTOR - SECRETARY	15.0	Officer Director	$0	$76,853	$477,983
ARUNAN THURAIRAJAH	MEDICAL DIRECTOR	40.0	Highest	$353,858	$73,388	$427,246
LINDA AIELLO	DIRECTOR	1.0	Director	$0	$40,872	$332,220
CRAIG DLUGOSZ	PROGRAM DIRECTOR, DSNP/MLTC	40.0	Highest	$175,372	$31,476	$206,848
ANTHONY FERNANDES	SEE SCHEDULE O FOR TITLE	5.0	Officer	$0	$17,944	$191,408
WILLA ARNET JUNE	NURSE PRACTITIONER	40.0	Highest	$146,364	$22,170	$168,534
ELIZABETH SPENCER	NURSE PRACTITIONER	40.0	Highest	$132,681	$25,224	$157,905
MICHELLE CINQUINO	PROGRAM MANAGER, PACE	40.0	Highest	$121,910	$11,025	$132,935
KELLY VOIGT	FINANCE DIRECTOR UNTIL 6/28/23	40.0	Officer	$113,869	$11,530	$125,399
MARY KAY VAUSE	SEE SCHEDULE O FOR TITLE	40.0	Director	$68,823	$2,050	$70,873
KENNETH ROGERS	DIRECTOR	1.0	Director	$0	$0	$0
ROBERT MAYER	DIRECTOR - TREASURER	1.0	Officer Director	$0	$0	$0

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	$45,441,224	$43,194,368	$53,699,025	$2,246,856
2022	$34,797,894	$37,190,687	$48,035,672	$-2,392,793
2021	$35,899,883	$33,465,841	$39,412,564	$2,434,042
2020	$47,242,000	$40,364,057	$33,231,964	$6,877,943
2019	$57,273,106	$52,321,601	$22,227,304	$4,951,505
2018	$42,433,658	$38,966,398	$13,789,394	$3,467,260