STATE UNIVERSITY OF NEW YORK HEALT… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

JOHN RINGHISEN

Phone

3154644416

Tax Period

2023-01-01 to 2023-12-31

STATE UNIVERSITY OF NEW YORK HEALTH SCIENCE CENTER AT SYRACUSE NURSING, founded in 1992, is a small nonprofit that reported $206K in total revenue in fiscal year 2023. Revenue surged 421% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION'S MISSION IS TO RAISE FUNDS AND DISTRIBUTE THEM FOR SCHOLARSHIPS AND FOR PROGRAMS THAT BENEFIT THE INSTITUTION.

Program Service Accomplishments

Program 1

Expenses: $204,281

THE ALUMNI ASSOCIATION RAISES FUNDS FOR STUDENT SCHOLARSHIPS AND OTHER PROGRAM ACTIVITIES. THE ASSOCIATION DOES NOT PAY SCHOLARSHIPS DIRECTLY. THE FUNDS RAISED ARE TRANSFERRED TO THE UPSTATE...

THE ALUMNI ASSOCIATION RAISES FUNDS FOR STUDENT SCHOLARSHIPS AND OTHER PROGRAM ACTIVITIES. THE ASSOCIATION DOES NOT PAY SCHOLARSHIPS DIRECTLY. THE FUNDS RAISED ARE TRANSFERRED TO THE UPSTATE FOUNDATION, INC. (A 501(C)(3) ORGANIZATION) WHO THEN DISTRIBUTES THE SCHOLARSHIP FUNDS, BASED UPON DETERMINATION OF THE UNIVERSITY'S FINANCIAL AID OFFICE OR BY NON-FACULTY REVIEW COMMITTEE FROM THE NURSING ALUMNI ASSOCIATION BOARD, AND ALSO FOR OTHER PROGRAMS WHICH BENEFIT SUNY UPSTATE MEDICAL UNIVERSITY'S COLLEGE OF NURSING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $206,003

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $206,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $204,281

Other Expenses $205,337

TOTAL EXPENSES $205,337

Year-over-Year Comparison

	2023	2022	Change
Revenue	$206,003	$39,569	+4.2%
Expenses	$205,337	$43,566	+3.7%
Net Income	$666	$-3,997	-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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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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN RINGHISEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
NICHOLAS NETTI	SECRETARY	1.00	Officer Director	$0	$0	$0
CANDACE CARTER	TREASURER	1.00	Officer Director	$0	$0	$0
BARBARA KANE	DIRECTOR	1.00	Director	$0	$0	$0
BAMBI CARKEY	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA A BLACK	DIRECTOR	1.00	Director	$0	$0	$0
DOROTHY CHAMPNEY	DIRECTOR	1.00	Director	$0	$0	$0
LORNA FORBES	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA CARRANTI	DIRECTOR	1.00	Director	$0	$0	$0
ZOE CHRISTENSEN GONZA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KATHERINE HOLLIDAY	DIRECTOR	1.00	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
2023	$206,003	$205,337	$1,498	$666

STATE UNIVERSITY OF NEW YORK HEALTH SCIENCE CENTER AT SYRACUSE NURSING