CORTLAND MEMORIAL FOUNDATION INC (EIN 222230692) - 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

1978

Legal Domicile

Principal Officer

SHEILA OSSIT

Phone

6077563757

Tax Period

2024-07-01 to 2025-06-30

CORTLAND MEMORIAL FOUNDATION INC, founded in 1978, is a community nonprofit in the Health Care sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 143% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 85% operating margin.

Mission

CORTLAND MEMORIAL FOUNDATION BUILDS RELATIONSHIPS THROUGH PHILANTHROPY, STEWARDSHIP, AND EDUCATION THAT SUPPORT GUTHRIE CORTLAND MEDICAL CENTER; a tax-exempt organization.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,765,343

Program Service Revenue $0

Investment Income $482,056

Other Revenue $0

TOTAL REVENUE $2,247,399

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $338,754

Program Expenses $0

Other Expenses $338,754

TOTAL EXPENSES $338,754

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,247,399	$925,105	+1.4%
Expenses	$338,754	$292,065	+0.2%
Net Income	$1,908,645	$633,040	+2.0%

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

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

$273,398

Total Directors

$2,939,067

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer L Yartym	Director - President - GCMC	55.0	Director	$0	$23,397	$534,122
Philip Heavner MD	Director	55.0	Director	$0	$50,963	$488,412
Kristin Algoe MD	Director	55.0	Director	$0	$36,085	$481,770
Erica Skipton MD	Director	55.0	Director	$0	$33,967	$433,852
Kansas Underwood	Director	55.0	Director	$0	$47,517	$368,952
REX GIDO DO	Director	55.0	Director	$0	$15,492	$316,646
Marie Carter-Darling	Secretary - Director	55.0	Officer Director	$0	$21,663	$173,193
DARSHAN PATEL MD	DIRECTOR (TERM 11/2024)	55.0	Director	$0	$3,127	$142,120
Sheila Ossit	EXECUTIVE DIRECTOR	55.0	Officer	$0	$5,791	$100,205
Bradley Totman	Chair - Director	1.0	Officer Director	$0	$0	$0
Clinton Brooks	Vice Chair - Director	1.0	Officer Director	$0	$0	$0
Mary Ellen Bloodgood	Treasurer - Director	1.0	Officer Director	$0	$0	$0
Jeffrey Breed	Director	1.0	Director	$0	$0	$0
Amy Buggs	Director	1.0	Director	$0	$0	$0
MARISA CLIFFORD DMD	Director	1.0	Director	$0	$0	$0
William Crane	Director	1.0	Director	$0	$0	$0
Jason Hage	Director	1.0	Director	$0	$0	$0
Otto Janke	Director	1.0	Director	$0	$0	$0
Caitlin McKillop	Director	1.0	Director	$0	$0	$0
Ayden Wilber	Director	1.0	Director	$0	$0	$0
Steve Wineburg	Director	1.0	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
2025	$2,247,399	$338,754	$12,442,542	$1,908,645
2024	No data	No data	No data	No data
2023	$601,528	$304,037	$8,499,184	$297,491
2022	$938,408	$263,811	$8,202,891	$674,597
2021	$2,527,511	$265,300	$9,166,735	$2,262,211
2020	$1,288,254	$257,968	$5,187,622	$1,030,286
2018	$602,175	$487,371	$4,898,825	$114,804

CORTLAND MEMORIAL FOUNDATION INC