INGALLS DEVELOPMENT FOUNDATION (EIN 363189150) - 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

1981

Legal Domicile

Phone

7083332300

Tax Period

2023-07-01 to 2024-06-30

INGALLS DEVELOPMENT FOUNDATION, founded in 1981, is a community nonprofit in the Health Care sector that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. Net assets of $69.1M represent 251 months of operating reserves.

Mission

INGALLS DEVELOPMENT FOUNDATION (IDF) SUPPORTS INGALLS MEMORIAL HOSPITAL BY PROVIDING LEADERSHIP FOR THE OPERATION OF FUNDRAISING EVENTS EACH YEAR.

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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 $1,514,556

Program Service Revenue $0

Investment Income $2,227,728

Other Revenue $-442,994

TOTAL REVENUE $3,299,290

Expense Breakdown

Grants Paid $1,192,199

Salaries & Benefits $0

Fundraising Expenses $2

Program Expenses $3,254,009

Other Expenses $2,387,385

TOTAL EXPENSES $3,579,584

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,299,290	$2,218,531	+0.5%
Expenses	$3,579,584	$4,196,646	-0.1%
Net Income	$-280,294	$-1,978,115	-0.9%

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

$3,206,537

Total Directors

$3,926,462

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD GNADE	SECRETARY/TREASURER	1.0	Officer Director	$0	$0	$0
MICHAEL ANTONIADES	PRESIDENT, INGALLS	1.0	Officer Director	$0	$0	$1,268,833
SAMUEL J CUTRARA JR	CHAIRMAN	1.0	Officer Director	$0	$0	$0
ANTONIA MCBRIDE	BOARD MEMBER	1.0	Director	$0	$0	$0
BRENDA BATTLE	BOARD MEMBER & UCMC SVP	1.0	Director	$0	$108,482	$854,882
DAVID A BERG	BOARD MEMBER	1.0	Director	$0	$0	$0
DEBORAH BURNET MD	BOARD MEMBER	1.0	Director	$0	$47,717	$410,870
GALE KOZLOFF	BOARD MEMBER (THRU 6/30/22)	1.0	Director	$0	$0	$0
JAMES WALLACE MD	BOARD MEMBER	1.0	Director	$0	$18,500	$798,265
JOHN CONWAY	BOARD MEMBER	1.0	Director	$0	$0	$0
KRISTIN BEAL	BOARD MEMBER (EFF. 7/1/23)	1.0	Director	$0	$0	$0
LENITA JOHNSON	BOARD MEMBER	1.0	Director	$0	$0	$0
LOIS GLASGOW	BOARD MEMBER	1.0	Director	$0	$0	$0
LOUIS J ROSE	BOARD MEMBER	1.0	Director	$0	$0	$0
MARK KOZLOFF MD	BOARD MEMBER (EFF. 7/1/22)	1.0	Director	$0	$53,556	$593,612
MARVA BUNCH	BOARD MEMBER	1.0	Director	$0	$0	$0
PATRICK M FAGEN	BOARD MEMBER	1.0	Director	$0	$0	$0
IVAN SAMSTEIN	CHIEF FINANCIAL OFFICER	1.0	Officer	$0	$233,504	$1,937,704
EMILY CHASE	INTERIM PRESIDENT (7/10/22 THRU 3/7/23)	0.0		$0	$152,730	$1,528,097

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	No data	No data	No data	No data
2024	$3,299,290	$3,579,584	$69,768,406	$-280,294
2023	$2,218,531	$4,196,646	$66,980,322	$-1,978,115
2022	$5,142,605	$9,212,274	$68,035,684	$-4,069,669
2021	$5,585,810	$3,008,660	$82,501,963	$2,577,150
2020	$5,228,184	$3,713,198	$62,437,351	$1,514,986
2019	$4,874,788	$3,354,025	$61,178,098	$1,520,763
2018	$6,683,021	$2,624,729	$57,579,791	$4,058,292

INGALLS DEVELOPMENT FOUNDATION