F F THOMPSON HEALTH SYSTEM INC (EIN 222959987) - 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

1989

Legal Domicile

Principal Officer

Michael F Stapleton Jr

Phone

5853966000

Tax Period

2024-01-01 to 2024-12-31

F F THOMPSON HEALTH SYSTEM INC, founded in 1989, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

Thompson Health is dedicated to providing an integrated health care system, comprised of affiliated health-related corporations, to continuously improve the health of the residents and communities of the Finger Lakes and the surrounding region.

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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 $138,958

Program Service Revenue $5,302,839

Investment Income $1,991

Other Revenue $255,072

TOTAL REVENUE $5,698,860

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,046,468

Fundraising Expenses $0

Program Expenses $5,618,026

Other Expenses $1,644,188

TOTAL EXPENSES $5,690,656

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,698,860	$5,264,504	+0.1%
Expenses	$5,690,656	$5,169,249	+0.1%
Net Income	$8,204	$95,255	-0.9%

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

$2,983,143

Total Directors

$7,854,755

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Linehan MD	Board Member	0.5	Director	$0	$221,433	$2,490,218
Steven Goldstein	Board Member	0.5	Director	$0	$183,208	$1,591,442
Michael Stapleton	President/CEO	38	Officer	$880,409	$142,223	$1,022,632
Michael Apostolakos MD	Board Member	0.5	Director	$0	$115,508	$848,534
A David Peter MD	Board Member through April 2024	0.5	Director	$0	$53,761	$790,058
Mark Taubman MD	Board Member	0.5	Director	$0	$44,194	$786,939
David Baum	SVP Medical Affairs	38	Officer	$511,188	$101,023	$612,211
Mark Prunoske	SVP Finance/CFO	38	Officer	$451,126	$89,983	$541,109
Kurt Koczent	EVP/COO	8	Officer	$80,266	$84,493	$485,823
Justin Weiss MD	Board Member	0.5	Director	$0	$64,221	$386,470
Susan Fulmer MD	Board Member	0.5	Director	$0	$803	$360,165
Cindy Teerlinck MD	Board Member	0.5	Director	$0	$18,782	$338,601
Elizabeth Talia	VP Legal & Regulatory Affairs and General Counsel	38	Officer	$305,385	$15,983	$321,368
Akua Asante MD	Board Member	0.5	Director	$0	$26,101	$262,328
David Carro	Director of Corporate Communications	38	Highest	$105,288	$17,048	$122,336
Stacey Gibbs	Director of Infection Prevention	38	Highest	$114,199	$3,893	$118,092
Dale Hunt	Chair	0.5	Officer Director	$0	$0	$0
David G Case	Vice Chair	0.5	Officer Director	$0	$0	$0
Jennifer Jones	Treasurer	0.5	Officer Director	$0	$0	$0
Lauren Dixon	Secretary	0.5	Officer Director	$0	$0	$0
Roger Friedlander	Board Member	0.5	Director	$0	$0	$0
Paul Griswold	Board Member	0.5	Director	$0	$0	$0
Mark Blazey	Board Member	0.5	Director	$0	$0	$0
William R Kenyon Esq	Board Member	0.5	Director	$0	$0	$0
Georgia Lamb	Board Member	0.5	Director	$0	$0	$0
Lauren Sands Esq	Board Member	0.5	Director	$0	$0	$0
Margaret Somerset Esq	Board Member	0.5	Director	$0	$0	$0
Lori Van Dusen	Board Member	0.5	Director	$0	$0	$0
Maureen Wolfe	Board Member	0.5	Director	$0	$0	$0
Krista Jackson	Board Member	0.5	Director	$0	$0	$0
Mark Kovaleski	Board Member	0.5	Director	$0	$0	$0
Daniel Fuller	Board Member through April 2024	0.5	Director	$0	$0	$0
Coleen Emblidge	Board Member	0.5	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	$5,698,860	$5,690,656	$6,275,967	$8,204
2023	$5,264,504	$5,169,249	$6,382,762	$95,255
2022	$5,026,543	$4,883,989	$6,278,922	$142,554
2021	$5,171,518	$4,978,578	$6,622,129	$192,940
2020	$4,858,172	$4,616,969	$6,779,003	$241,203
2019	$4,709,669	$4,572,245	$6,440,087	$137,424
2018	$4,748,990	$4,622,067	$6,415,622	$126,923

F F THOMPSON HEALTH SYSTEM INC