ST ELIZABETH MEDICAL CENTER FOUNDATION INC

EIN: 222562170 501(c)(3)

Utica, NY

Total Revenue
$179,158
Total Expenses
$8,837
Total Assets
$5,944,011
Net Assets
$5,777,253
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
NY
Principal Officer
LOUIS AIELLO
Phone
3156245574
Tax Period
2024-01-01 to 2024-12-31

ST ELIZABETH MEDICAL CENTER FOUNDATION INC, founded in 1984, is a small nonprofit that reported $179K in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $170K, a strong 95% operating margin.

Mission

The St Elizabeth Medical Center Foundation has performed a vital supportive role for St Elizabeth Community Health Services (previously St Elizabeth Medical Center) through sponsorship or support of friend-raising, fundraising and health education activities. The Foundation continues to provide financial support so that SECHS may continue to provide for the community regardless of race, national origin, creed or ability to pay.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $179,158
Other Revenue $0
TOTAL REVENUE $179,158

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $8,837
TOTAL EXPENSES $8,837

Year-over-Year Comparison

2024 2023 Change
Revenue $179,158 $111,356 +0.6%
Expenses $8,837 $587,113 -1.0%
Net Income $170,321 $-475,757 -1.4%
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

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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
9
Independent Members
8
Employees
N/A
Volunteers
N/A

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
6
$1,012,107
Total Directors
9
$1,012,107
Key Employees
2
$793,628
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Darlene Stromstad MVHS President/CEO 0
Officer Director
$0 $31,533 $1,012,107
Louis Aiello MVHS CFO 0
Key Emp
$0 $46,609 $568,266
Steve Winesett Chief Philanthropy Officer 0
Key Emp
$0 $1,392 $225,362
Jim Friedel Director 0
Director
$0 $0 $0
Joseph Latella Director 0
Director
$0 $0 $0
Richard Tantillo Director 0
Director
$0 $0 $0
David Manzelmann President 0
Officer Director
$0 $0 $0
Blair Jones Vice President/Director 0
Officer Director
$0 $0 $0
John Hobika Jr Director/Vice President 0
Officer Director
$0 $0 $0
Valerie Brown Secretary 0
Officer Director
$0 $0 $0
Sam Berardino Director/Treasurer 0
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 $179,158 $8,837 $5,944,011 $170,321
2023 $111,356 $587,113 $5,473,242 $-475,757
2022 $159,556 $1,274 $5,302,166 $158,282
2021 $153,107 $97 $6,056,372 $153,010
2020 $115,080 $4,136 $4,908,226 $110,944
2019 $82,501 $13,507 $4,712,755 $68,994
2018 $78,957 $428,867 $4,593,275 $-349,910
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