SARATOGA REGIONAL MEDICAL P C

EIN: 472468259 501(c)(3) Health Care

Saratoga Springs, NY

Total Revenue
$8,765,103
Total Expenses
$9,339,005
Total Assets
$8,508,389
Net Assets
$-6,068,054
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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
2014
Legal Domicile
NY
Principal Officer
Richard Falivena
Phone
5185873222
Tax Period
2019-01-01 to 2019-12-31

SARATOGA REGIONAL MEDICAL P C, founded in 2014, is a community nonprofit in the Health Care sector that reported $8.8M in total revenue in fiscal year 2019. Revenue surged 281% from the prior year, signaling strong growth momentum.

Mission

To serve the people of the Saratoga region by providing them access to excellence in healthcare in a supportive and caring environment.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,763,700
Investment Income $0
Other Revenue $1,403
TOTAL REVENUE $8,765,103

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $9,339,005
Other Expenses $9,339,005
TOTAL EXPENSES $9,339,005

Year-over-Year Comparison

2019 2018 Change
Revenue $8,765,103 $2,301,850 +2.8%
Expenses $9,339,005 $3,471,084 +1.7%
Net Income $-573,902 $-1,169,234 -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

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Governance

Voting Members
1
Independent Members
N/A
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
1
$382,468
Total Directors
1
$502,053
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Richard Falivena President 2.5
Director
$0 $28,394 $502,053
Jeff Methven Executive Director/Secretary 2.5
Officer
$0 $35,604 $382,468
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
2019 $8,765,103 $9,339,005 $8,508,389 $-573,902
2018 $2,301,850 $3,471,084 $4,195,134 $-1,169,234
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