ST PETER'S HOSPITAL FOUNDATION INC

EIN: 222262982 501(c)(3)

ALBANY, NY

Total Revenue
$4,455,893
Total Expenses
$4,640,223
Total Assets
$17,036,322
Net Assets
$14,480,306
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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
1986
Legal Domicile
NY
Principal Officer
PETER SEMENZA
Phone
5184824433
Tax Period
2022-07-01 to 2023-06-30

ST PETER'S HOSPITAL FOUNDATION INC, founded in 1986, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2022. Revenue fell 50% from the prior year — a significant decline worth monitoring. Net assets of $14.5M represent 39 months of operating reserves.

Mission

TO PROVIDE SUPPORT FOR THE PROGRAMS OF ST. PETER'S HOSPITAL AND ITS AFFILIATES

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,067,493
Program Service Revenue $0
Investment Income $388,400
Other Revenue $0
TOTAL REVENUE $4,455,893

Expense Breakdown

Grants Paid $3,683,031
Salaries & Benefits $612,660
Fundraising Expenses $727,694
Program Expenses $3,683,031
Other Expenses $344,532
TOTAL EXPENSES $4,640,223

Year-over-Year Comparison

2022 2021 Change
Revenue $4,455,893 $8,885,498 -0.5%
Expenses $4,640,223 $5,566,327 -0.2%
Net Income $-184,330 $3,319,171 -1.1%
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

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Governance

Voting Members
25
Independent Members
22
Employees
7
Volunteers
65

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
9
$3,767,326
Total Directors
27
$3,787,544
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS RASSIAS MD DIRECTOR; SPHP MED ASSOC PHYSICIAN 1.00
Director
$0 $44,134 $1,199,169
VARDAN AMIRBEKIAN MD DIRECTOR; SPHP MED ASSOC PHYSICIAN 1.00
Director
$0 $44,579 $1,148,052
MICHAEL FINEGAN DIRECTOR, PRES ACUTE CARE THR 2/23 1.00
Director
$0 $59,194 $953,036
PETER SEMENZA DIRECTOR; SPHP VP PHILANTHROPY 15.00
Officer Director
$0 $61,500 $487,287
THOMAS TYRRELL DIRECTOR; CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL CONWAY DIRECTOR; PRESIDENT 1.00
Officer Director
$0 $0 $0
DORIS FISCHER MALESARDI DIRECTOR; SECRETARY 1.00
Officer Director
$0 $0 $0
FRANCIS TROMBLY JR DIRECTOR; TREASURER 1.00
Officer Director
$0 $0 $0
DAVID RUBIN DIRECTOR, ASST SECRETARY THR 12/22 1.00
Officer Director
$0 $0 $0
CARL BECKER DIRECTOR 1.00
Director
$0 $0 $0
MAUREEN BUCKLEY DIRECTOR 1.00
Director
$0 $0 $0
DANIEL CAHILL DIRECTOR 1.00
Director
$0 $0 $0
PETER CAMPITO DIRECTOR 1.00
Director
$0 $0 $0
JAMES CARRIERO DIRECTOR 1.00
Director
$0 $0 $0
RHEA CLARK DIRECTOR 1.00
Director
$0 $0 $0
THOMAS COLLURA ESQ DIRECTOR 1.00
Director
$0 $0 $0
SHANKAR DAS MD DIRECTOR 1.00
Director
$0 $0 $0
KATHERINE GRABER RSM DIRECTOR 1.00
Director
$0 $0 $0
GERALD JENNINGS DIRECTOR 1.00
Director
$0 $0 $0
ROBERT LAZAR DIRECTOR 1.00
Director
$0 $0 $0
REVEREND DAVID LEFORT DIRECTOR 1.00
Director
$0 $0 $0
ROBERT LEONARD DIRECTOR 1.00
Director
$0 $0 $0
PETER NEMER DIRECTOR 1.00
Director
$0 $0 $0
MARY BETH O'BRIEN DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN OBERMAYER DIRECTOR 1.00
Director
$0 $0 $0
JAMES PULEO II MD DIRECTOR 1.00
Director
$0 $0 $0
JEREMY SPEICH ESQ DIRECTOR 1.00
Director
$0 $0 $0
JAMES REED MD SPHP PRESIDENT & CEO THROUGH 12/22 1.00
Officer
$0 $125,391 $1,424,370
STEVEN HANKS MD PRES & CEO-NY REGION AS OF 1/23 1.00
Officer
$0 $148,352 $1,029,153
THOMAS ROBERT VP, CFO & TREASURER - NY REGION 0.10
Officer
$0 $143,208 $826,516
SHANNON GALUSKI EXECUTIVE DIRECTOR 40.00
Highest
$140,717 $38,526 $179,243
LISA SMITH DIRECTOR OF GRANTS 40.00
Highest
$118,050 $12,962 $131,012
DENISE MORMINO FORMER OFFICER, NY REG CONTROLLER 1.00
$0 $53,938 $359,482
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 $4,455,893 $4,640,223 $17,036,322 $-184,330
2022 $8,885,498 $5,566,327 $15,343,102 $3,319,171
2021 $5,059,328 $5,042,873 $13,470,089 $16,455
2020 $6,472,067 $8,443,065 $11,167,465 $-1,970,998
2019 $4,446,851 $4,581,625 $12,357,440 $-134,774
2018 $3,859,574 $3,088,552 $12,148,684 $771,022
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