GRHS FOUNDATION INC (EIN 223378111) - Form 990 Financial Analysis & Trantor Score

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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

1995

Legal Domicile

Principal Officer

DR RICHARD DAVIS

Phone

5859221595

Tax Period

2023-01-01 to 2023-12-31

GRHS FOUNDATION INC, founded in 1995, is a mid-sized nonprofit in the Community Improvement sector that reported $46.0M in total revenue in fiscal year 2023. Expenses of $41.5M left a modest 10% surplus.

Mission

THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY TO BENEFIT THE AFFILIATES OF ROCHESTER REGIONAL HEALTH.

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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 $1,640,000

Program Service Revenue $44,108,260

Investment Income $180,093

Other Revenue $70,437

TOTAL REVENUE $45,998,790

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,182,639

Fundraising Expenses $0

Program Expenses $40,295,654

Other Expenses $34,338,396

TOTAL EXPENSES $41,521,035

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,998,790	$43,547,365	+0.1%
Expenses	$41,521,035	$42,579,855	0.0%
Net Income	$4,477,755	$967,510	+3.6%

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

127

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

$8,132,701

Total Directors

$3,137,087

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID RIEDMAN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
RICHARD DAVIS PHD	CEO	1.00	Officer Director	$56,040	$54,879	$3,137,087
THOMAS CRILLY	CFO	1.00	Officer	$25,899	$154,600	$1,579,020
HUGH THOMAS	CAO	0.00	Officer	$0	$9,101	$1,739,491
CHRISTIAN CASINI	ASSISTANT SECRETARY	0.00	Officer	$0	$34,153	$371,721
JENNIFER ESLINGER	COO	0.00	Officer	$0	$11,368	$1,305,382
JEFFREY PEACOCK	SR. DIRECTOR, AMBULATORY SURGERY	40.00	Highest	$250,824	$6,639	$257,463
DAVID NASTA	DIRECTOR OF PURCHASING	40.00	Highest	$131,233	$0	$131,233
MELISSA DELANEY	CLINCIAL DIRECTOR	40.00	Highest	$132,008	$2,303	$134,311
THERESA TORNATORE	DIRECTOR OF FINANCE	40.00	Highest	$131,152	$5,684	$136,836
MARTI DENOTO	RN	40.00	Highest	$135,582	$5,120	$140,702

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	$45,998,790	$41,521,035	$143,576,575	$4,477,755
2022	$43,547,365	$42,579,855	$147,503,139	$967,510
2021	$43,275,253	$40,064,284	$150,651,211	$3,210,969
2020	$37,842,896	$34,455,474	$152,469,061	$3,387,422
2019	$37,575,532	$32,983,442	$145,059,752	$4,592,090
2018	$31,945,668	$30,447,826	$133,909,627	$1,497,842

GRHS FOUNDATION INC