ECMC FOUNDATION INC

EIN: 223283946 501(c)(3) Health Care

BUFFALO, NY

Total Revenue
$3,390,096
Total Expenses
$1,867,076
Total Assets
$7,577,834
Net Assets
$5,667,016
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
NY
Principal Officer
SUSAN M GONZALEZ
Phone
7168985800
Tax Period
2023-01-01 to 2023-12-31

ECMC FOUNDATION INC, founded in 1993, is a community nonprofit in the Health Care sector that reported $3.4M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 45% operating margin.

Mission

TO ASSIST THE ERIE COUNTY MEDICAL CENTER CORPORATION IN PROCURING THE RESOURCES NEEDED TO BE THE MEDICAL CENTER OF CHOICE THROUGH EXCELLENCE IN PATIENT CARE AND CUSTOMER SERVICE.

Program Service Accomplishments

Program 1
Expenses: $1,142,617 Revenue: $19,750

ON BEHALF OF THE HOSPITAL ("ECMC"), THE ECMC FOUNDATION RAISED, HELD, AND ADMINISTERED FUNDS THAT WERE INVESTED INTO ACHIEVING THE HIGHEST QUALITY OF HEALTHCARE AND TRAUMA CARE FOR PATIENTS...

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ON BEHALF OF THE HOSPITAL ("ECMC"), THE ECMC FOUNDATION RAISED, HELD, AND ADMINISTERED FUNDS THAT WERE INVESTED INTO ACHIEVING THE HIGHEST QUALITY OF HEALTHCARE AND TRAUMA CARE FOR PATIENTS, REGARDLESS OF THEIR RACE, GENDER, ETHNICITY, INCOME, OR INSURANCE STATUS. SUCH FUNDS WERE UTILIZED FOR FREE HEALTHCARE PROGRAMS, WELLNESS SEMINARS, AND COMMUNITY OUTREACH PROGRAMS IN THE CITY OF BUFFALO AND WESTERN NEW YORK. ECMC FOUNDATION'S MOBILE MAMMOGRAPHY COACH IS AN EXAMPLE OF A HEALTHCARE/EDUCATIONAL/WELLNESS PROGRAM FOR WOMEN THAT HAS BENEFITED FROM THE FINANCIAL RESOURCES THAT HAVE BEEN RAISED BY ECMC FOUNDATION. THE MOBILE SCREENING PROGRAM TRAVELS TO OFF-SITE LOCATIONS AND OFFERS FREE WALK-ON SCREENINGS FOR WOMEN, REGARDLESS OF THEIR INSURANCE STATUS, IN ADDITION TO BREAST HEALTH EDUCATION. ECMC FOUNDATION'S SUMMER YOUTH HEALTHCARE INTERNSHIP PROGRAM IS ANOTHER EXAMPLE OF HOW FUNDS RAISED BY ECMC FOUNDATION HAVE CONTRIBUTED TO IMPROVING HEALTH CARE EDUCATION FOR YOUNG CITIZENS. THE INTERNSHIP ALLOWS HIGH SCHOOL STUDENTS TO EXPLORE CAREERS IN MEDICAL FIELDS AND THE HEALTH SCIENCES WHILE RECEIVING MENTORING BY HEALTHCARE PROFESSIONALS IN A HOSPITAL SETTING. EACH YEAR THE SUMMER YOUTH PROGRAM HAS 120 YOUTH PARTICIPANTS. ECMC FOUNDATION'S FUNDS HAVE ALSO CONTRIBUTED TO ADVANCEMENTS THAT HAVE BEEN MADE IN HOSPITAL STAFF TRAINING PROGRAMS AND EMPLOYEE EDUCATION SEMINARS. ECMC FOUNDATION PERIODICALLY PROVIDES FINANCIAL AND ADMINSTRATIVE SUPPORT FOR CAPITAL IMPROVEMENTS AT ECMC, INCLUDING INNOVATIONS IN TECHNOLOGY, MEDICAL EQUIPMENT, AND SAFETY FOR HOSPITAL PATIENTS AND EMPLOYEES. ECMC FOUNDATION'S ABILITY TO ADMINISTER DONOR REQUESTS AND/OR HOSPITAL NEEDS HAS HELPED ECMC BECOME ONE OF THE LEADING PUBLIC HOSPITALS IN THE CITY OF BUFFALO AND WESTERN NEW YORK COMMUNITY.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,307,214
Program Service Revenue $19,750
Investment Income $63,132
Other Revenue $0
TOTAL REVENUE $3,390,096

Expense Breakdown

Grants Paid $945,834
Salaries & Benefits $584,584
Fundraising Expenses $257,162
Program Expenses $1,142,617
Other Expenses $336,658
TOTAL EXPENSES $1,867,076

Year-over-Year Comparison

2023 2022 Change
Revenue $3,390,096 $2,318,925 +0.5%
Expenses $1,867,076 $1,630,955 +0.1%
Net Income $1,523,020 $687,970 +1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
29
Independent Members
26
Employees
3
Volunteers
250

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
$430,931
Total Directors
28
$337,792
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN M GONZALEZ EXECUTIVE DI 40.00
Officer
$205,428 $27,854 $233,282
ANGELA VACANTI SECRETARY 1.00
Officer Director
$0 $45,064 $197,649
GARNEY DAVIS JR DIRECTOR 1.00
Director
$0 $33,542 $140,143
DANIEL M BOSCARINO DIRECTOR 1.00
Director
$0 $0 $0
TODD W BRASON DIRECTOR 3.00
Director
$0 $0 $0
SHAWN P CONNOLLY TREASURER 3.00
Officer Director
$0 $0 $0
JONATHAN A DANDES PAST CHAIRMA 3.00
Officer Director
$0 $0 $0
ELIZABETH DEMAKOS DIRECTOR 1.00
Director
$0 $0 $0
JAMES F DENTINGER VICE CHAIR 3.00
Officer Director
$0 $0 $0
BRADLEY T DERRICK DIRECTOR 1.00
Director
$0 $0 $0
DAVID R DIMATTEO DIRECTOR 1.00
Director
$0 $0 $0
LISA FRIEDMAN DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL E HOFFERT DIRECTOR 1.00
Director
$0 $0 $0
PENNY J HUDDLESTON DIRECTOR 1.00
Director
$0 $0 $0
MARK J JERGE TREASURER 3.00
Officer Director
$0 $0 $0
AJ BAYNES JR DIRECTOR 1.00
Director
$0 $0 $0
JUDY JACK LEWIS DIRECTOR N/A
Director
$0 $0 $0
MICHAEL R MILITELLO DIRECTOR N/A
Director
$0 $0 $0
BRIAN M MURRAY DIRECTOR N/A
Director
$0 $0 $0
MARCY NEWMAN VICE CHAIR N/A
Director
$0 $0 $0
JAMES J O'NEILL DIRECTOR N/A
Director
$0 $0 $0
WILLIAM A PALADINO VICE CHAIR N/A
Officer Director
$0 $0 $0
CARLA TODARO PANTANO DIRECTOR N/A
Director
$0 $0 $0
RONALD A RACCUIA CHAIR N/A
Officer Director
$0 $0 $0
MICHAEL J SAMMARCO DIRECTOR N/A
Director
$0 $0 $0
MICHAEL A SEAMAN DIRECTOR N/A
Director
$0 $0 $0
STEPHEN A TRIPI DIRECTOR N/A
Director
$0 $0 $0
MARK WACHOWIAK DIRECTOR N/A
Director
$0 $0 $0
JEFFERY P WARE DIRECTOR N/A
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
2023 $3,390,096 $1,867,076 $7,577,834 $1,523,020
2022 $2,318,925 $1,630,955 $7,708,916 $687,970
2021 $2,559,428 $2,027,401 $9,451,111 $532,027
2020 $4,451,234 $8,287,301 $10,392,574 $-3,836,067
2019 $5,063,551 $8,780,933 $13,441,438 $-3,717,382
2018 $4,907,540 $3,390,338 $12,696,349 $1,517,202
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