NEWARK-WAYNE COMMUNITY HOSPITAL FOUNDATION

EIN: 222963344 501(c)(3) Health Care

NEWARK, NY

Total Revenue
$387,172
Total Expenses
$1,153,930
Total Assets
$7,501,763
Net Assets
$5,843,658
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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
1988
Legal Domicile
NY
Principal Officer
DR RICHARD DAVIS
Phone
5859221595
Tax Period
2024-01-01 to 2024-12-31

NEWARK-WAYNE COMMUNITY HOSPITAL FOUNDATION, founded in 1988, is a small nonprofit in the Health Care sector that reported $387K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 198% operating deficit.

Mission

TO PROVIDE FUNDS TO OR FOR THE BENEFIT OF NEWARK WAYNE COMMUNITY HOSPITAL, INC. BY (A) SOLICITING, ACCEPTING, HOLDING, INVESTING, REINVESTING AND ADMINISTERING GIFTS, GRANTS, BEQUESTS, CONTRIBUTIONS, DEVISES, BENEFITS OF TRUSTS, ENDOWMENTS AND PROPERTY OF ANY KIND, WITHOUT LIMITATION AS TO AMOUNT OR VALUE; AND (B) USING, DISBURSING OR PAYING THE INCOME OR PRINCIPLE THEREOF EXCLUSIVELY FOR THE FOREGOING PURPOSES.

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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 $90,130
Program Service Revenue $0
Investment Income $295,542
Other Revenue $1,500
TOTAL REVENUE $387,172

Expense Breakdown

Grants Paid $667,126
Salaries & Benefits $343,847
Fundraising Expenses $189,361
Program Expenses $699,506
Other Expenses $142,957
TOTAL EXPENSES $1,153,930

Year-over-Year Comparison

2024 2023 Change
Revenue $387,172 $557,129 -0.3%
Expenses $1,153,930 $2,279,045 -0.5%
Net Income $-766,758 $-1,721,916 -0.6%
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
12
Independent Members
11
Employees
1
Volunteers
9

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
8
$7,277,531
Total Directors
12
$4,013,008
Key Employees
2
$1,067,359
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES HANK STUART CHAIR OF THE BOARD 1.00
Officer Director
$0 $0 $0
CHERYL DEMEYERS VICE CHAIR 1.00
Officer Director
$0 $0 $0
CLAIR J BRITT TREASURER 1.00
Officer Director
$0 $0 $0
MARTHA WEMETT SECRETARY 1.00
Officer Director
$0 $0 $0
CHRISTINE LACHNICHT SECRETARY 1.00
Officer Director
$0 $0 $0
RICHARD DAVIS PHD CEO 0.00
Officer Director
$0 $62,774 $4,013,008
DOUG DOEBLER DIRECTOR 1.00
Director
$0 $0 $0
JAN PLUMB DIRECTOR 1.00
Director
$0 $0 $0
LYNDA ROBESON DIRECTOR 1.00
Director
$0 $0 $0
KAYE STONE-GANSZ DIRECTOR 1.00
Director
$0 $0 $0
SUSAN VANACKER DIRECTOR 1.00
Director
$0 $0 $0
JUDITH WATT DIRECTOR 1.00
Director
$0 $0 $0
THOMAS CRILLY CFO 0.00
Officer
$0 $84,624 $1,716,134
JENNIFER ESLINGER COO 0.00
Officer
$0 $40,526 $1,548,389
DANIEL IRELAND PRESIDENT, FINGER LAKES RU 0.00
Key Emp
$0 $5,261 $571,092
KELLY GAGAN PRESIDENT, FOUNDATIONS 0.00
Key Emp
$0 $68,936 $496,267
HUGH THOMAS FORMER CAO 0.00
$0 $0 $1,082,559
KELLY MCCORMICK-SULLIVAN FORMER PRESIDENT, FOUNDATIONS 0.00
$0 $0 $117,515
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 $387,172 $1,153,930 $7,501,763 $-766,758
2023 $557,129 $2,279,045 $6,371,553 $-1,721,916
2022 $173,472 $306,922 $7,522,156 $-133,450
2021 $993,699 $435,000 $8,763,978 $558,699
2020 $744,375 $506,442 $7,673,598 $237,933
2019 $562,775 $603,572 $7,054,136 $-40,797
2018 $462,865 $836,425 $5,616,104 $-373,560
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