RIDGE HEALTH SERVICES 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

2010

Legal Domicile

Principal Officer

JENNIFER SAUNDERS

Phone

5183721160

Tax Period

2023-01-01 to 2023-12-31

RIDGE HEALTH SERVICES INC, founded in 2010, is a small nonprofit in the Health Care sector that reported $413K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $717K exceeded revenue, resulting in a 73% operating deficit.

Mission

TO OPERATE AN ARTICLE 28 HEALTH CLINIC FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES IN SCHENECTADY COUNTY.

Program Service Accomplishments

Program 1

Expenses: $610,841 Revenue: $413,452

PROVIDE HIGH QUALITY PRIMARY MEDICAL, PSYCHIATRIC AND PODIATRY SERVICES, RESOURCES AND SUPPORTS TO INDIVIDUALS WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES.

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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 $0

Program Service Revenue $410,914

Investment Income $0

Other Revenue $2,538

TOTAL REVENUE $413,452

Expense Breakdown

Grants Paid $0

Salaries & Benefits $428,337

Fundraising Expenses $0

Program Expenses $610,841

Other Expenses $288,258

TOTAL EXPENSES $716,595

Year-over-Year Comparison

	2023	2022	Change
Revenue	$413,452	$508,705	-0.2%
Expenses	$716,595	$713,347	+0.0%
Net Income	$-303,143	$-204,642	+0.5%

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

$299,032

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELO DEFELIPPO	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN WHITE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
WILLIAM CHURCHMAN	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN BRESONIS	SECRETARY	1.00	Officer Director	$0	$0	$0
KAREN BONA	DIRECTOR	1.00	Director	$0	$0	$0
NOREEN ZIDO	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA ROSS	DIRECTOR	1.00	Director	$0	$0	$0
KIRK LEWIS	EXECUTIVE DIRECTOR	1.00	Officer	$0	$12,621	$172,821
NADINE WALSH	CHIEF FINANICAL OFFICER	1.00	Officer	$0	$17,412	$126,211

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	$413,452	$716,595	$49,434	$-303,143
2022	$508,705	$713,347	$128,101	$-204,642
2021	$524,255	$639,459	$84,532	$-115,204
2020	$429,776	$675,739	$61,754	$-245,963
2019	$628,552	$717,067	$171,968	$-88,515
2018	$541,375	$697,979	$110,791	$-156,604