NIAGARA FALLS MEMORIAL MEDICAL CEN… - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

JOSEPH RUFFOLO

Phone

7162784399

Tax Period

2023-01-01 to 2023-12-31

NIAGARA FALLS MEMORIAL MEDICAL CENTER FOUNDATION, founded in 1989, is a small nonprofit in the Health Care sector that reported $759K in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 61% operating deficit.

Mission

ASSET MAINTENANCE AND FUNDRAISING.

Program Service Accomplishments

Program 1

Expenses: $840,830

THE FOUNDATION ADMINISTERED CONTRIBUTIONS RECEIVED FOR THE USE OF THE NIAGARA FALLS MEMORIAL MEDICAL CENTER AND SCHOELLKOPF HEALTH CENTER, INC., WHICH ARE RELATED TAX EXEMPT ENTITIES.

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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 $800,121

Program Service Revenue $0

Investment Income $-25,970

Other Revenue $-14,938

TOTAL REVENUE $759,213

Expense Breakdown

Grants Paid $840,830

Salaries & Benefits $147,632

Fundraising Expenses $114,259

Program Expenses $840,830

Other Expenses $233,252

TOTAL EXPENSES $1,221,714

Year-over-Year Comparison

	2023	2022	Change
Revenue	$759,213	$787,239	0.0%
Expenses	$1,221,714	$447,290	+1.7%
Net Income	$-462,501	$339,949	-2.4%

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

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

$1,461,794

Total Directors

$1,542,305

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH A RUFFOLO	PRESIDENT & CEO	2.00	Officer Director	$0	$54,378	$635,807
JAMES C ROSCETTI	CHAIRMAN	2.00	Director	$0	$0	$0
CYNTHIA A BIANCO	VICE CHAIRMAN	2.00	Director	$0	$0	$0
CHARLES G RADER PHD	TREASURER	2.00	Director	$0	$0	$0
MARGARET M TOOHEY	SECRETARY	2.00	Director	$0	$0	$0
TINA ABRAMS	DIRECTOR	2.00	Director	$0	$0	$0
RAJINDER PAL SINGH BAJWA MD	DIRECTOR AND PHYSICIAN	2.00	Director	$0	$34,722	$457,484
ROBERT L BRADLEY JR	DIRECTOR	2.00	Director	$0	$0	$0
RONALD R CAMPBELL	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW FELDMAN	DIRECTOR	2.00	Director	$0	$0	$0
GERALD GORMAN MD	DIRECTOR	2.00	Director	$0	$0	$0
CARMEN A GRANTO	DIRECTOR	2.00	Director	$0	$0	$0
JOHN L GRECO	DIRECTOR	2.00	Director	$0	$0	$0
DON J KING	DIRECTOR	2.00	Director	$0	$0	$0
MARION B LAVIGNE PHD	DIRECTOR	2.00	Director	$0	$0	$0
PETER MUSCARELLA II MD	DIRECTOR AND PHYSICIAN	2.00	Director	$0	$38,473	$449,014
JUDITH A NOLAN POWELL	DIRECTOR	2.00	Director	$0	$0	$0
MARK D PERRY MD	DIRECTOR	2.00	Director	$0	$0	$0
REV CRAIG D PRIDGEN	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD BRAUN	EXECUTIVE VP & CFO	2.00	Officer	$0	$18,547	$268,547
SHEILA KEE	EXECUTIVE VP & COO	2.00	Officer	$0	$11,878	$236,889
JO ANNE PELLEGRINO	VP OF NURSING	2.00	Officer	$0	$23,827	$165,192
VIJAY BOJEDLA MD	VP & CMO	2.00	Officer	$0	$26,688	$155,359

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	$759,213	$1,221,714	$2,371,465	$-462,501
2022	$787,239	$447,290	$2,166,201	$339,949
2021	$272,631	$331,237	$2,779,660	$-58,606
2020	$813,764	$1,992,424	$2,439,596	$-1,178,660
2019	$2,194,516	$890,038	$3,792,374	$1,304,478
2018	$1,104,164	$1,779,204	$2,209,204	$-675,040

NIAGARA FALLS MEMORIAL MEDICAL CENTER FOUNDATION