CAYUGA MEDICAL CENTER AT ITHACA

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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

1981

Legal Domicile

Principal Officer

Martin Stallone MD

Phone

6072744441

Tax Period

2023-01-01 to 2023-12-31

CAYUGA MEDICAL CENTER AT ITHACA, founded in 1981, is a major nonprofit in the Health Care sector that reported $338.3M in total revenue in fiscal year 2023.

Mission

Cayuga Medical Center will remain the region's leading hospital, healthcare provider, and most trusted driver of integrated health services, together with valued partners. We empower our people and employ our capabilities to equitably improve the well-being of the communities we serve.

Program Service Accomplishments

Program 1

Expenses: $277,844,963 Revenue: $321,821,077

Patient Service - General inpatient and outpatient hospital care. Services are provided to those in need regardless of the patients' ability to pay, race, creed, national origin, life circumstances, or disease. Cayuga Medical Center works closely with the community to determine health needs and support the development of programs and services that improve the health status of the community.

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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 $12,868,713

Program Service Revenue $323,222,615

Investment Income $1,237,232

Other Revenue $986,319

TOTAL REVENUE $338,314,879

Expense Breakdown

Grants Paid $34,535,537

Salaries & Benefits $164,589,241

Fundraising Expenses $0

Program Expenses $277,844,963

Other Expenses $166,032,733

TOTAL EXPENSES $365,157,511

Year-over-Year Comparison

	2023	2022	Change
Revenue	$338,314,879	$342,640,134	0.0%
Expenses	$365,157,511	$342,002,727	+0.1%
Net Income	$-26,842,632	$637,407	-43.1%

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

Governance

Voting Members

Independent Members

Employees

2304

Volunteers

260

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

$2,178,691

Total Directors

$1,461,104

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Deidre Blake	Former CMC Med Staff President	1.00		$0	$0	$1,683,865
Martin Stallone	President & CEO	39.00	Officer Director	$872,692	$16,013	$888,705
Srisatish Devapatla	Neonatologist	40.00	Highest	$496,948	$19,141	$516,089
Rebecca Gould	CFO/VP of Finance	35.00	Officer	$0	$56,769	$475,376
Andreia De Lima Serra	Vice President	40.00	Highest	$419,906	$15,586	$435,492
Ramesh Vidavalur	Neonatologist	40.00	Highest	$415,041	$16,641	$431,682
Justin Runke	Vice President	39.00	Highest	$408,975	$16,641	$425,616
Michael Berlin	Assistant Vice President	39.00	Highest	$413,425	$10,041	$423,466
Tracy Gates	COO	39.00	Officer	$404,815	$9,029	$413,844
Jeffrey Penoyer	COO	1.00	Officer	$227,491	$0	$363,516
John-Paul Mead	Director	1.00	Director	$0	$0	$313,224
John Collett	Former CFO/ VP of Finance	39.00		$205,754	$4,115	$209,869
Eunice Nayo	Director	1.00	Director	$0	$25,000	$48,300
Cris Donovan	Director	1.00	Director	$0	$30,500	$30,500
James Brown	Director	1.00	Director	$0	$29,500	$29,500
Thomas LiVigne	Chair	1.00	Officer Director	$0	$20,500	$20,500
Yvette Conyers	Director	1.00	Director	$0	$17,500	$17,500
Paul J Streeter	Director	1.00	Director	$0	$17,000	$17,000
Paula Younger	Vice Chair	1.00	Officer Director	$0	$16,750	$16,750
R Brooke Hollis	Director	1.00	Director	$0	$16,750	$16,750
Fred Wickham	Director	1.00	Director	$0	$15,500	$15,500
Kenneth Clarke	Director	1.00	Director	$0	$15,250	$15,250
Jennifer Whittaker	Director	1.00	Director	$0	$14,250	$14,250
Joel Malina	Director	1.00	Director	$0	$12,000	$12,000
Carl Sgrecci	Director	1.00	Director	$0	$5,375	$5,375
Greg Hartz	Treasurer	1.00	Officer Director	$0	$0	$0
Suzanne Blowers	Secretary	1.00	Director	$0	$0	$0
Laurie Mante	Director	1.00	Director	$0	$0	$0
La Jerne Terry Cornish	Director	1.00	Director	$0	$0	$0
Gary Koretzky	Director	1.00	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	$338,314,879	$365,157,511	$380,755,220	$-26,842,632
2022	$342,640,134	$342,002,727	$306,334,753	$637,407
2021	$325,959,403	$329,195,718	$328,652,418	$-3,236,315
2020	$278,355,205	$278,273,267	$317,408,433	$81,938
2019	$270,258,668	$242,896,301	$270,567,416	$27,362,367
2018	$247,311,669	$222,777,251	$263,637,669	$24,534,418