HUDSON HOSPITAL FOUNDATION INC (EIN 391279567) - 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

1977

Legal Domicile

Principal Officer

ALITA R RISINGER

Phone

7155316000

Tax Period

2023-01-01 to 2023-12-31

HUDSON HOSPITAL FOUNDATION INC, founded in 1977, is a small nonprofit that reported $456K in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $723K exceeded revenue, resulting in a 59% operating deficit.

Mission

TO SUPPORT AND CARRY OUT THE CHARITABLE PURPOSE OF HUDSON HOSPITAL, INC.

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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 $188,245

Program Service Revenue $0

Investment Income $183,259

Other Revenue $84,419

TOTAL REVENUE $455,923

Expense Breakdown

Grants Paid $709,635

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $709,635

Other Expenses $13,253

TOTAL EXPENSES $722,888

Year-over-Year Comparison

	2023	2022	Change
Revenue	$455,923	$1,651,092	-0.7%
Expenses	$722,888	$515,603	+0.4%
Net Income	$-266,965	$1,135,489	-1.2%

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

$1,119,327

Total Directors

$585,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ISABELLA BRONSON	DIRECTOR	0.50	Director	$0	$0	$0
KIMBERLY BEST PAYNE	DIRECTOR	0.50	Director	$0	$0	$0
PETER GOODWIN	DIRECTOR & VICE CHAIR	1.00	Director	$0	$0	$0
MELISSA KOLB	DIRECTOR & SECRETARY	0.50	Director	$0	$0	$0
KATIE KRANZ	DIRECTOR & CHAIR	1.00	Director	$0	$0	$0
RANDY LAFAIVE	DIRECTOR & TREASURER	1.00	Director	$0	$0	$0
MARTIN E RICHARDS MD	DIRECTOR	0.50	Director	$0	$68,607	$585,700
TIM MICHAELS	DIRECTOR	0.50	Director	$0	$0	$0
NICOLE CHERRIER	DIRECTOR	0.50	Director	$0	$0	$0
KAREN EVENSON JAN-JUNE	DIRECTOR	0.50	Director	$0	$0	$0
MIKE SWITZER JAN-APR	DIRECTOR	0.50	Director	$0	$0	$0
DOUGLAS E JOHNSON	CFO	0.50	Officer	$0	$44,121	$647,904
THOMAS J BOROWSKI	DIRECTOR & PRESIDENT	1.00	Officer	$0	$64,760	$471,423

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	$455,923	$722,888	$6,551,913	$-266,965
2022	$1,651,092	$515,603	$5,529,711	$1,135,489
2021	$1,611,492	$667,473	$5,284,438	$944,019
2020	$853,092	$1,495,552	$4,697,910	$-642,460
2019	$1,310,772	$453,812	$5,215,419	$856,960
2018	$1,008,745	$469,261	$3,948,478	$539,484

HUDSON HOSPITAL FOUNDATION INC