HEALTH ADVANCEMENT COLLABORATIVE O… - Form 990 Financial Data

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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

2005

Legal Domicile

Principal Officer

ROBERT J HACK

Phone

3156712241

Tax Period

2023-01-01 to 2023-12-31

HEALTH ADVANCEMENT COLLABORATIVE OF CENTRAL NEW YORK INC, founded in 2005, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $13.2M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $11.4M left a modest 13% surplus.

Mission

THE COLLABORATIVE'S MISSION IS TO ADVANCE HIGH QUALITY HEALTH CARE, ACCESS AND SAFETY IN CENTRAL NEW YORK WHILE DECREASING OR MAINTAINING COSTS.

Program Service Accomplishments

Program 1

Expenses: $9,965,334 Revenue: $794,693

IMPLEMENTING A REGIONAL HEALTH INFORMATION ORGANIZATION (RHIO) THAT OVERSEES THE GOVERNANCE AND OPERATIONS OF THE CENTRAL NEW YORK HEALTH INFORMATION EXCHANGE (HIE) WHICH:(1) FACILITATES AND ENABLES THE AGGREGATION, VIEWING AND EXCHANGE OF PATIENT CLINICAL HEALTH INFORMATION AMOUNG PARTICIPATING ORGANIZATIONS(2) PROMOTES THE ADOPTION AND MEANINGFUL USE OF ELECTRONIC HEALTH RECORDS, FOR THE PURPOSE OF IMPROVING PATIENT EXPERIENCE OF CARE(3) IMPROVES THE CARE AND HEALTH OF REGIONAL POPULATIONS(4) CONTRIBUTES TO HEALTHCARE COST EFFICIENCIES

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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 $12,233,570

Program Service Revenue $794,693

Investment Income $124,312

Other Revenue $0

TOTAL REVENUE $13,152,575

Expense Breakdown

Grants Paid $19,010

Salaries & Benefits $5,672,560

Fundraising Expenses $0

Program Expenses $9,965,334

Other Expenses $5,726,543

TOTAL EXPENSES $11,418,113

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,152,575	$11,429,989	+0.2%
Expenses	$11,418,113	$11,097,132	+0.0%
Net Income	$1,734,462	$332,857	+4.2%

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

N/A

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

$681,184

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID PAGE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MARTIN STALLONE	TREASURER	1.00	Officer Director	$0	$0	$0
RONALD FISH	BOARD CO-VICE CHAIR	1.00	Officer Director	$0	$0	$0
RAJESH DAVE	BOARD CO-VICE CHAIR	1.00	Officer Director	$0	$0	$0
PATRICIA HALE	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL KRONENBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
INDU GUPTA	BOARD MEMBER	1.00	Director	$0	$0	$0
SETH KRONENBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
JACKIE LEAF	BOARD MEMBER	1.00	Director	$0	$0	$0
ORRIN MACMURRAY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH MALDONADO	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT WEISENTHAL	BOARD MEMBER	1.00	Director	$0	$0	$0
BRUCE WOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
MARISA BARBIERI	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL KAYE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK MATHUMBI	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT HACK	PRESIDENT/CEO	40.00	Officer	$435,404	$97,931	$533,335
LIANA PROSONIC	ASSOCIATE VP, FINANCE AND	40.00	Officer	$132,416	$15,433	$147,849
RACHEL KRAMER	SENIOR VP, POPULATION AND	40.00	Highest	$184,359	$16,217	$200,576
JEREMY SMELSKI	DIRECTOR, HIE SERVICES AND	40.00	Highest	$148,104	$17,128	$165,232
RICHARD TRAVERS	CHIEF INFORMATION SECURITY	40.00	Highest	$193,556	$18,789	$212,345
ELIZABETH AMATO	SENIOR VP, HIE OPERATIONS	40.00	Highest	$242,200	$8,800	$251,000
BRAD HESSLER	ASSOCIATE VP, HIE OPERATIONS	40.00	Highest	$165,880	$8,153	$174,033

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$13,152,575	$11,418,113	$20,543,592	$1,734,462
2022	$11,429,989	$11,097,132	$17,538,758	$332,857
2021	$12,522,448	$9,946,152	$16,566,077	$2,576,296
2020	$12,678,094	$10,701,268	$14,952,820	$1,976,826
2019	$18,437,269	$11,961,993	$13,103,898	$6,475,276
2018	$8,596,841	$8,440,364	$5,550,374	$156,477

HEALTH ADVANCEMENT COLLABORATIVE OF CENTRAL NEW YORK INC