THE HIGHLAND FOUNDATION INC

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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

1972

Legal Domicile

Principal Officer

CARRIE FULLER SPENCER

Phone

5852751792

Tax Period

2024-07-01 to 2025-06-30

THE HIGHLAND FOUNDATION INC, founded in 1972, is a community nonprofit in the Health Care sector that reported $1.6M in total revenue in fiscal year 2024. Expenses of $1.3M left a modest 14% surplus.

Mission

THE PROVISION OF FUNDRAISING ACTIVITIES AND EVENTS FOR THE EXCLUSIVE SUPPORT AND BENEFIT OF HIGHLAND HOSPITAL OF ROCHESTER AND OTHER AFFILIATES OF STRONG PARTNERS HEALTH SYSTEM, INC.

Program Service Accomplishments

Program 1

Expenses: $910,895

THE FOUNDATION CONDUCTS FUNDRAISING ACIVITIES AND EVENTS FOR THE EXCLUSIVE SUPPORT AND BENEFIT OF STRONG PARTNERS HEALTH SYSTEM, INC. AND ITS AFFILIATES. EXAMPLES OF ACTIVITIES CONDUCTED DURING...

THE FOUNDATION CONDUCTS FUNDRAISING ACIVITIES AND EVENTS FOR THE EXCLUSIVE SUPPORT AND BENEFIT OF STRONG PARTNERS HEALTH SYSTEM, INC. AND ITS AFFILIATES. EXAMPLES OF ACTIVITIES CONDUCTED DURING FY2025 INCLUDE THE HIGHLAND HOSPITAL GOLF TOURNAMENT AND GALA.

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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 $1,229,632

Program Service Revenue $0

Investment Income $437,759

Other Revenue $-106,845

TOTAL REVENUE $1,560,546

Expense Breakdown

Grants Paid $883,053

Salaries & Benefits $0

Fundraising Expenses $11,294

Program Expenses $910,895

Other Expenses $460,269

TOTAL EXPENSES $1,343,322

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,560,546	$1,488,173	+0.0%
Expenses	$1,343,322	$4,800,406	-0.7%
Net Income	$217,224	$-3,312,233	-1.1%

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

$3,780,759

Total Directors

$3,617,055

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN I GOLDSTEIN	CEO (UNTIL 10/24)	1.00	Officer Director	$0	$183,208	$1,591,441
MONICA H BAUER	BOARD MEMBER	1.00	Director	$0	$0	$0
DANA R CONSLER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK A EIDLIN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVE HENION	TREASURER	1.00	Officer Director	$0	$0	$0
DIANE M SIMON	BOARD MEMBER (UNTIL 10/24)	1.00	Director	$0	$0	$0
GINA TERESI	CHAIR	1.00	Officer Director	$0	$0	$0
DR SETH ZEIDMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN R LEFROIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT MANN	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER T CLEMENT	BOARD MEMBER	1.00	Director	$0	$0	$0
DOMINICK K PULLANO	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA HUMPHREY	BOARD MEMBER (UNTIL 10/24)	1.00	Director	$0	$0	$0
TAMMY STRASSBURG	BOARD MEMBER	1.00	Director	$0	$0	$0
MAIYA LEFROIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW MELONI	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE BERNARD	SECRETARY	1.00	Officer Director	$0	$0	$0
MARC COHEN	BOARD MEMBER	1.00	Director	$0	$0	$0
NIHADA DONOHEW	BOARD MEMBER	1.00	Director	$0	$0	$0
DR TIMOTHY LUM	BOARD MEMBER	1.00	Director	$0	$67,731	$560,653
DR JOSHUA WEITZ	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHLEEN PARRINELLO	PRESIDENT AND CEO (EFFECTIVE 10/24)	1.00	Officer Director	$0	$170,456	$1,464,961
CARRIE FULLER SPENCER	CFO	1.00	Officer	$0	$97,178	$724,357

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
2025	$1,560,546	$1,343,322	$16,641,956	$217,224
2024	No data	No data	No data	No data
2023	$1,528,996	$1,610,583	$17,357,158	$-81,587
2022	$1,982,904	$1,390,719	$17,047,967	$592,185
2021	$1,743,324	$1,030,516	$18,752,116	$712,808
2020	$1,752,587	$1,064,702	$15,355,193	$687,885
2019	$3,043,433	$1,898,354	$15,510,126	$1,145,079
2018	$3,291,232	$1,417,955	$14,147,759	$1,873,277