THE FOUNDATION FOR NOYES MEMORIAL HEALTH SYSTEM INC

EIN: 161584778 501(c)(3) Health Care

DANSVILLE, NY

Total Revenue
$2,074,397
Total Expenses
$4,016,980
Total Assets
$17,761,960
Net Assets
$17,761,960
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
NY
Principal Officer
J CHAD TEETERS MD
Phone
5853356001
Tax Period
2024-07-01 to 2025-06-30

THE FOUNDATION FOR NOYES MEMORIAL HEALTH SYSTEM INC, founded in 2000, is a community nonprofit in the Health Care sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 111% from the prior year, signaling strong growth momentum. Expenses of $4.0M exceeded revenue, resulting in a 94% operating deficit.

Mission

TO PROVIDE FUNDS TO OR FOR THE BENEFIT OF LIVINGSTON HEALTH CARE SYSTEM, INC.; NICHOLAS H. NOYES MEMORIAL HOSPITAL; AND RED JACKET CENTER, INC.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $656,228
Program Service Revenue $0
Investment Income $1,418,169
Other Revenue $0
TOTAL REVENUE $2,074,397

Expense Breakdown

Grants Paid $3,900,187
Salaries & Benefits $0
Fundraising Expenses $21,184
Program Expenses $3,900,187
Other Expenses $116,793
TOTAL EXPENSES $4,016,980

Year-over-Year Comparison

2024 2023 Change
Revenue $2,074,397 $981,412 +1.1%
Expenses $4,016,980 $150,538 +25.7%
Net Income $-1,942,583 $830,874 -3.3%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
12
Employees
N/A
Volunteers
17

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
6
$1,301,397
Total Directors
13
$760,287
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
J CHAD TEETERS MD PRESIDENT/CHIEF EXECUTIVE 1.00
Officer Director
$0 $77,710 $760,287
LES COLE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
MARY ANN MERLE VICE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
BILL BACON TREASURER 1.00
Officer Director
$0 $0 $0
JOHN QUINLAN SECRETARY 1.00
Officer Director
$0 $0 $0
THOMAS WAMP DIRECTOR 1.00
Director
$0 $0 $0
JAMES CONIGLIO DIRECTOR 1.00
Director
$0 $0 $0
TIM COSTELLO DIRECTOR 1.00
Director
$0 $0 $0
RANDY HAMILTON DIRECTOR 1.00
Director
$0 $0 $0
KELLY SHAY HOAG DIRECTOR 1.00
Director
$0 $0 $0
TAMMY INGRAM DIRECTOR 1.00
Director
$0 $0 $0
KATHLEEN MOODIE DIRECTOR 1.00
Director
$0 $0 $0
BRIDGETT HOAG DIRECTOR 1.00
Director
$0 $0 $0
MARK PRUNOSKE CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $89,983 $541,110
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
2025 $2,074,397 $4,016,980 $17,761,960 $-1,942,583
2024 No data No data No data No data
2023 $696,300 $1,056,262 $18,036,231 $-359,962
2022 $705,367 $102,690 $16,969,390 $602,677
2021 $2,495,845 $105,380 $17,742,694 $2,390,465
2019 $661,368 $115,458 $15,174,014 $545,910
2018 $1,962,420 $111,759 $13,805,386 $1,850,661
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