ROCHESTER REGIONAL HEALTH FOUNDATION (EIN 222229425) - Form 990 Financial Analysis & Trantor Score

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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

1988

Legal Domicile

Principal Officer

DR RICHARD DAVIS

Phone

5859221595

Tax Period

2023-01-01 to 2023-12-31

ROCHESTER REGIONAL HEALTH FOUNDATION, founded in 1988, is a community nonprofit in the Health Care sector that reported $7.9M in total revenue in fiscal year 2023. Revenue surged 144% from the prior year, signaling strong growth momentum. Expenses of $15.0M exceeded revenue, resulting in a 91% operating deficit.

Mission

TO CONDUCT ACTIVITIES THAT RAISE FUNDS AND TO INVEST SUCH FUNDS FOR THE BENEFIT OF ROCHESTER REGIONAL HEALTH AND ITS AFFILIATED ORGANIZATIONS.

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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 $5,424,069

Program Service Revenue $0

Investment Income $2,035,705

Other Revenue $401,537

TOTAL REVENUE $7,861,311

Expense Breakdown

Grants Paid $8,684,112

Salaries & Benefits $2,930,830

Fundraising Expenses $1,112,836

Program Expenses $8,684,112

Other Expenses $3,417,690

TOTAL EXPENSES $15,032,632

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,861,311	$3,222,712	+1.4%
Expenses	$15,032,632	$12,426,181	+0.2%
Net Income	$-7,171,321	$-9,203,469	-0.2%

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

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

$8,132,701

Total Directors

$3,887,822

Key Employees

$555,420

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEON T SAWYKO ESQ	CHAIR OF THE BOARD	1.00	Officer Director	$0	$0	$0
CARL J LUGER	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
ELIZABETH PATTON PHD	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD DAVIS PHD	CEO	1.00	Officer Director	$56,040	$54,879	$3,137,087
CYNTHIA CHRISTY MD	MEDICAL LIAISON	1.00	Director	$0	$0	$0
LOUISE EPSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GERMANO	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE HAAG	DIRECTOR	1.00	Director	$0	$0	$0
LOIS IRWIN	DIRECTOR	1.00	Director	$0	$0	$0
RAHUL KOHLI	DIRECTOR	1.00	Director	$0	$0	$0
DR RICHARD MACHEMER	DIRECTOR	1.00	Director	$0	$0	$0
TIM MALINS MD	DIRECTOR	1.00	Director	$0	$58,585	$750,735
THOMAS RILEY	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE SCHUMACHER	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES HANK STUART	DIRECTOR	1.00	Director	$0	$0	$0
DON TWIETMEYER ESQ CPA	DIRECTOR	1.00	Director	$0	$0	$0
JAMES VAZZANA	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA WEHLE	DIRECTOR	1.00	Director	$0	$0	$0
RASHONDRA MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
TAD MACK	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS CRILLY	CFO	1.00	Officer	$25,899	$154,600	$1,579,020
HUGH THOMAS	CAO	0.00	Officer	$0	$9,101	$1,739,491
CHRISTIAN CASINI	ASSISTANT SECRETARY	0.00	Officer	$0	$34,153	$371,721
JENNIFER ESLINGER	COO	0.00	Officer	$0	$11,368	$1,305,382
KELLY MCCORMICK-SULLIVAN	PRESIDENT, FOUNDATIONS	55.00	Key Emp	$314,344	$11,176	$325,520
KELLY GAGAN	PRESIDENT, FOUNDATIONS	55.00	Key Emp	$229,849	$51	$229,900
SARAH AXELROD	VP DEVELOPMENT	40.00	Highest	$261,810	$0	$261,810
REMA YASKULSKI	MANAGING DIRECTOR, HOSPITAL PARTNERSHIPS	40.00	Highest	$119,194	$2,779	$121,973
CALISTA AMERING	VP DONOR AND COMMUNICATION	40.00	Highest	$158,204	$3,887	$162,091
DAWN STEVER	VP OPERATIONS, FOUNDATION	40.00	Highest	$204,891	$1,331	$206,222
BRENNA MANGANO HYNES	MANAGING DIRECTOR, FOUNDATION SERVICES	40.00	Highest	$121,432	$15,947	$137,379

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	$7,861,311	$15,032,632	$76,258,966	$-7,171,321
2022	$3,222,712	$12,426,181	$77,841,834	$-9,203,469
2021	$25,028,358	$14,959,779	$93,100,640	$10,068,579
2020	$13,877,438	$36,340,383	$82,845,754	$-22,462,945
2019	$15,506,002	$8,861,641	$104,552,738	$6,644,361
2018	$7,857,585	$7,258,087	$83,011,059	$599,498

ROCHESTER REGIONAL HEALTH FOUNDATION