ELANT AT NEWBURGH INC (EIN 223763629) - 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

1998

Legal Domicile

Principal Officer

DEBRA ZAMBITO

Phone

8453601200

Tax Period

2018-01-01 to 2018-12-31

Mission

THE ORGANIZATION'S PRIMARY MISSION IS TO PROVIDE EXCEPTIONAL HEALTH CARE AND QUALITY OF LIFE THROUGH INNOVATIVE PROGRAMS TO THOSE IT SERVES WITHIN THE COMMUNITY. ON AUGUST 31, 2017, ELANT AT NEWBURGH INC. TRANSFERRED ITS ASSETS AND OPERATIONS TO AN UNRELATED THIRD PARTY. THE ORGANIZATION IS CURRENTLY IN THE PROCESS OF WINDING DOWN. THE SOLE PURPOSE OF THE FORM 990 FILING IS TO REMAIN IN COMPLIANCE WITH IRS REGULATIONS UP TO THE DATE THAT THE ORGANIZATION IS DISSOLVED WITH THE NEW YORK STATE CHARITIES BUREAU.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,049

Other Expenses $3,049

TOTAL EXPENSES $3,049

Year-over-Year Comparison

	2018	2017	Change
Revenue	N/A	$14,092,797	-1.0%
Expenses	$3,049	$15,137,598	-1.0%
Net Income	N/A	$-1,044,801	N/A

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

$411,304

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA CORNELL	CHAIRMAN	0.00	Officer Director	$0	$0	$0
PAUL S ERNENWEIN ESQ	VICE CHAIRMA	0.00	Officer Director	$0	$0	$0
THOMAS MCGORRY	TREASURER/SE	0.00	Officer Director	$0	$0	$0
NANCY CALHOUN	BOARD MEMBER	0.00	Director	$0	$0	$0
MARYJANE SORRELL	BOARD MEMBER	0.00	Director	$0	$0	$0
LAWRENCE FORCE PHD	BOARD MEMBER	0.00	Director	$0	$0	$0
NANCY MARKOFF	BOARD MEMBER	0.00	Director	$0	$0	$0
THOMAS D WEDDELL	BOARD MEMBER	0.00	Director	$0	$0	$0
JAMES W KRUEGER	RESIGNED 3/5	0.00	Director	$0	$0	$0
ANDREW L SIMON	RESIGNED 11/	0.00	Director	$0	$0	$0
DEBRA ZAMBITO	PRESIDENT &	0.00	Officer	$0	$750	$251,270
ERNEST SCOTT PIOTTI	CONTROLLER	0.00	Officer	$0	$11,412	$160,034
LOIS DESTEFANO	DIRECTOR OF	N/A	Highest	$0	$7,989	$112,776

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
2018	No data	$3,049	$9,230,657	No data

ELANT AT NEWBURGH INC