Cooperstown Medical Center Foundation (EIN 450450301) - 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

1985

Legal Domicile

Principal Officer

Judy Monson

Phone

7017861711

Tax Period

2022-07-01 to 2023-06-30

Cooperstown Medical Center Foundation, founded in 1985, is a small nonprofit that reported $208K in total revenue in fiscal year 2022. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $421K exceeded revenue, resulting in a 102% operating deficit.

Mission

The sole purpose of the Cooperstown Medical Center Foundation is to raise funds for the continued growth of the Cooperstown Medical Center.

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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 (2022)

Revenue Breakdown

Contributions & Grants $196,502

Program Service Revenue $0

Investment Income $7,314

Other Revenue $4,322

TOTAL REVENUE $208,138

Expense Breakdown

Grants Paid $336,735

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $405,179

Other Expenses $84,454

TOTAL EXPENSES $421,189

Year-over-Year Comparison

	2022	2021	Change
Revenue	$208,138	$835,474	-0.8%
Expenses	$421,189	$54,317	+6.8%
Net Income	$-213,051	$781,157	-1.3%

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

$161,942

Total Directors

$206,780

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nicole Lindsey	CMC/GCCC CEO	1.00	Director	$0	$29,816	$206,780
Brad Dewald	President	1.00	Officer Director	$0	$0	$0
Mike Eslinger	Vice President	1.00	Officer Director	$0	$0	$0
Joanne White	Secretary	1.00	Officer Director	$0	$0	$0
James Halvorson	Director	1.00	Director	$0	$0	$0
Barbara Anderson	CMC/GCCC CFO	1.00	Officer	$0	$0	$110,718
Judy Monson	CMC/GCCC CFO as of Nov	1.00	Officer	$0	$0	$4,410
Melissa Myers	Fdtn Director (Jul-Dec)	40.00	Officer	$0	$1,800	$46,814
Melissa Warren	Interim Fdtn Director (Jan-Mar)	20.00	Officer	$0	$0	$0
Amber Wogsland	Fdtn Director starting May '23	40.00	Officer	$0	$0	$0

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	No data	No data	No data	No data
2023	$208,138	$421,189	$1,812,506	$-213,051
2022	$835,474	$54,317	$2,520,047	$781,157
2021	$1,230,163	$185,571	$1,244,400	$1,044,592

Cooperstown Medical Center Foundation