St Luke's Cornwall Health System Foundation Inc

EIN: 223026263 501(c)(3) Philanthropy & Grantmaking

NEWBURGH, NY

Total Revenue
$2,632,446
Total Expenses
$4,739,385
Total Assets
$2,539,037
Net Assets
$2,165,841
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NY
Phone
8455682881
Tax Period
2023-01-01 to 2023-12-31

St Luke's Cornwall Health System Foundation Inc, founded in 1998, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.6M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $4.7M exceeded revenue, resulting in a 80% operating deficit.

Mission

TO FINANCIALLY SUPPORT HEALTHCARE INITIATIVES OF THE ST. LUKE'S CORNWALL HOSPITAL WHOSE SERVICES BENEFIT THE RESIDENTS OF THE MID-HUDSON VALLEY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,674,131
Program Service Revenue $0
Investment Income $11,912
Other Revenue $-53,597
TOTAL REVENUE $2,632,446

Expense Breakdown

Grants Paid $4,478,122
Salaries & Benefits $154,184
Fundraising Expenses $261,263
Program Expenses $4,478,122
Other Expenses $107,079
TOTAL EXPENSES $4,739,385

Year-over-Year Comparison

2023 2022 Change
Revenue $2,632,446 $2,881,648 -0.1%
Expenses $4,739,385 $642,567 +6.4%
Net Income $-2,106,939 $2,239,081 -1.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
10
Employees
4
Volunteers
52

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
$1,911,560
Total Directors
13
$1,530,738
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A PRESIDENT & CEO 1.0
Officer Director
$0 $15,735 $862,346
N/A VICE CHAIR 1.0
Officer Director
$0 $0 $0
N/A IMMEDIATE PAST CHAIR 1.0
Officer Director
$0 $0 $0
N/A SECRETARY 1.0
Officer Director
$0 $0 $0
N/A CHAIR 1.0
Officer Director
$0 $0 $0
N/A BOARD TREASURER/SVP & CFO 1.0
Officer Director
$0 $69,436 $668,392
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR (RESIGNED 6/1/2023) 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A EXECUTIVE DIRECTOR (ENDED 4/30/2023) 4.0
Officer
$0 $44,807 $287,002
N/A EXECUTIVE DIRECTOR (STARTED 5/1/2023) 55.0
Officer
$0 $13,304 $93,820
N/A FORMER OFFICER 0.0
$0 $0 $156,250
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 $2,632,446 $4,739,385 $2,539,037 $-2,106,939
2022 $2,881,648 $642,567 $4,564,028 $2,239,081
2021 $1,258,174 $321,403 $2,610,187 $936,771
2020 $441,535 $728,435 $1,234,634 $-286,900
2019 $586,753 $566,880 $1,632,645 $19,873
2018 $636,893 $640,934 $1,461,277 $-4,041
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