MOHAWK VALLEY HEALTH SYSTEM

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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

1991

Legal Domicile

Principal Officer

Louis Aiello CFO

Phone

3156246143

Tax Period

2024-01-01 to 2024-12-31

MOHAWK VALLEY HEALTH SYSTEM, founded in 1991, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $6.1M exceeded revenue, resulting in a 94% operating deficit.

Mission

TO PROVIDE FOR EXCELLENCE IN HEALTHCARE FOR OUR COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

TO IMPROVE THE QUALITY OF SERVICES DELIVERED BY THE HOSPITALS AND OTHER TAX-EXPEMPT AFFILIATES WHICH ARE HEALTH CARE PROVIDERS WHILE AVOIDING DUPLICATION OF EFFORT AND FOSTERING ECONOMIES OF SCALE.

Program 2

Expenses: $5,878,835 Revenue: $2,438,595

PROVIDES MEDICAID MANAGED CARE TO SENIORS LOCATED IN ONEIDA AND HERKIMER COUNTIES.

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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 $0

Program Service Revenue $2,438,595

Investment Income $717,564

Other Revenue $0

TOTAL REVENUE $3,156,159

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,162,971

Fundraising Expenses $0

Program Expenses $5,878,835

Other Expenses $4,952,164

TOTAL EXPENSES $6,115,135

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,156,159	$11,847,238	-0.7%
Expenses	$6,115,135	$12,667,801	-0.5%
Net Income	$-2,958,976	$-820,563	+2.6%

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

Governance

Voting Members

Independent Members

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

$1,012,107

Total Directors

$1,816,815

Key Employees

$2,120,475

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Darlene Stromstad	President/CEO	1	Officer Director	$0	$31,533	$1,012,107
Sushma Kaul MD	MVHS Medical Staff President	0	Director	$0	$35,563	$804,708
Robert Scholefield	SR VP/C0O	0.5	Key Emp	$0	$31,546	$577,110
Louis Aiello	SR VICE PRESIDENT / CFO	1	Key Emp	$0	$46,609	$568,266
Jerome Dayao	SR VP/CNO	0.5	Key Emp	$0	$23,323	$491,212
William LeCates MD	SVP/COO	0.5	Key Emp	$0	$8,827	$259,547
Gary D Zimmer MD	SVP/CMO	0.5	Key Emp	$0	$6,670	$224,340
Joan Compson	Director	0.5	Director	$0	$0	$0
Norman Siegel	Director	0.5	Director	$0	$0	$0
Catherine Brownell PhD	Director	0.5	Director	$0	$0	$0
Catherine Cominsky	Director	0.5	Director	$0	$0	$0
Andrew Kowalczyk III	Director	0.5	Director	$0	$0	$0
Domenic Aiello MD	Secretary	0.5	Officer Director	$0	$0	$0
Gregory Evans	Chair Emeritus	0.5	Officer Director	$0	$0	$0
Karen Leach	Vice Chair	0.5	Officer Director	$0	$0	$0
Richard Zweifel	Chair	0.5	Officer Director	$0	$0	$0
John Brumstead MD	Treasurer	0.5	Officer Director	$0	$0	$0
Richard Tantillo	Philanthropy Chair	0.5	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	No data	No data	No data	No data
2024	$3,156,159	$6,115,135	$27,259,415	$-2,958,976
2023	$11,847,238	$12,667,801	$28,732,666	$-820,563
2022	$104,558,940	$12,429,283	$627,584,604	$92,129,657
2021	$137,473,732	$12,142,340	$546,149,518	$125,331,392
2020	$76,186,020	$18,006,427	$345,668,949	$58,179,593
2019	$41,618,911	$22,885,833	$269,670,204	$18,733,078
2018	$27,288,487	$20,876,713	$25,909,649	$6,411,774