HOSPITAL EXECUTIVE COUNCIL INC

EIN: 222188507 501(c)(3) Health Care

SYRACUSE, NY

Total Revenue
$393,588
Total Expenses
$416,620
Total Assets
$430,130
Net Assets
$38,475
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
NY
Principal Officer
SETH KRONENBERG MD
Phone
3154644368
Tax Period
2023-01-01 to 2023-12-31

HOSPITAL EXECUTIVE COUNCIL INC, founded in 1978, is a small nonprofit in the Health Care sector that reported $394K in total revenue in fiscal year 2023.

Mission

THE COUNCIL PLANS, RESEARCHES, AND EVALUATES THE DELIVERY OF HEALTH CARE WITHIN THE MEMBER HOSPITALS' SERVICE AREA

Program Service Accomplishments

Program 1
Expenses: $290,925 Revenue: $308,382

THESE ACTIVITIES CONTRIBUTE SIGNIFICANTLY TO THE ORGANIZATION'S EXEMPT PURPOSE OF PLANNING, UTILIZATION, AND QUALITY IMPROVEMENTS TO HEALTH CARE THROUGH CONDUCTING RESEARCH AND DATA STUDIES ON HEALTH...

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THESE ACTIVITIES CONTRIBUTE SIGNIFICANTLY TO THE ORGANIZATION'S EXEMPT PURPOSE OF PLANNING, UTILIZATION, AND QUALITY IMPROVEMENTS TO HEALTH CARE THROUGH CONDUCTING RESEARCH AND DATA STUDIES ON HEALTH CARE ISSUES SUCH AS DEVELOPMENT OF A COMMUNITY WIDE DATA BASE INCLUDING EMERGENCY DEPARTMENT UTILIZATION, INPATIENT SERVICES AND OUT PATIENT SERVICES; IMPROVEMENT OF ACUTE CARE EFFICIENCY BY REDUCING LENGTH OF PATIENTS' STAY IN HOSPITALS; IMPLEMENT COOPERATIVE EFFORTS WITH LONG TERM CARE FACILITIES AND HOSPITALS; IMPROVEMENT OF PATIENTS' ACCESS TO EMERGENCY DEPARTMENTS THROUGH REDUCING DIVERSIONS OF AMBULANCES; AND ANALYSIS OF PROJECTED NEED FOR MEDICAL/SURGICAL BEDS IN THE COMMUNITY.

Program 2
Expenses: $85,436 Revenue: $84,294

THIS ACTIVITY ASSISTED MEMBER HOSPITALS IN ITS PROCESS OF CREDENTIALING PHYSICIANS AUTHORIZED TO PRACTICE MEDICINE IN THEIR HOSPITALS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $392,676
Investment Income $19
Other Revenue $893
TOTAL REVENUE $393,588

Expense Breakdown

Grants Paid $0
Salaries & Benefits $325,923
Fundraising Expenses $0
Program Expenses $376,361
Other Expenses $90,697
TOTAL EXPENSES $416,620

Year-over-Year Comparison

2023 2022 Change
Revenue $393,588 $391,502 +0.0%
Expenses $416,620 $388,809 +0.1%
Net Income $-23,032 $2,693 -9.6%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
3
Volunteers
5

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
4
$125,492
Total Directors
5
$125,492
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RONALD LAGOE EXECUTIVE DIRECTOR 40.00
Officer Director
$97,960 $27,532 $125,492
MEREDITH PRICE BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
SETH KRONENBERG PRESIDENT 1.00
Officer Director
$0 $0 $0
MARK MURPHY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
STUART WRIGHT SECRETARY/TREASURER 1.00
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 $393,588 $416,620 $430,130 $-23,032
2022 $391,502 $388,809 $436,644 $2,693
2021 $386,405 $363,828 $434,600 $22,577
2020 $383,373 $387,910 $448,499 $-4,537
2019 $405,987 $389,542 $400,020 $16,445
2018 $401,037 $399,117 $348,048 $1,920
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