PACE AT HUDSON HEADWATERS INC

EIN: 872010897 501(c)(3) Human Services

GLENS FALLS, NY

Total Revenue
$1,248,541
Total Expenses
$1,792,725
Total Assets
$9,140,368
Net Assets
$8,948,198
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NY
Principal Officer
DAVID T SLINGERLAND MD
Phone
5187610300
Tax Period
2024-01-01 to 2024-12-31

PACE AT HUDSON HEADWATERS INC, founded in 2021, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 44% operating deficit.

Mission

TO OPERATE AND MANAGE A PROGRAM OF ALL INCLUSIVE CARE FOR THE ELDERLY IN CONFORMANCE WITH PACE LEGISLATION PURSUANT TO SECTION 1934 OF THE SOCIAL SECURITY ACT, THAT PROVIDES COMPREHENSIVE MEDICAL AND SOCIAL SERVICES TO THE FRAIL, COMMUNITY-DWELLING ELDERLY POPULATION OF THE GREATER ADIRONDACK REGION OF NEW YORK STATE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,246,476
Program Service Revenue $0
Investment Income $2,065
Other Revenue $0
TOTAL REVENUE $1,248,541

Expense Breakdown

Grants Paid $0
Salaries & Benefits $800,113
Fundraising Expenses $0
Program Expenses $1,767,144
Other Expenses $992,612
TOTAL EXPENSES $1,792,725

Year-over-Year Comparison

2024 2023 Change
Revenue $1,248,541 $10,897,864 -0.9%
Expenses $1,792,725 $1,430,482 +0.3%
Net Income $-544,184 $9,467,382 -1.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
7
Employees
15
Volunteers
7

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
8
$1,724,804
Total Directors
8
$819,097
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINE ROWE-BUTTON MD BOARD MEMBER 0.10
Director
$0 $0 $0
DAVID T SLINGERLAND MD EX OFFICIO & CEO 10.00
Officer Director
$0 $86,967 $819,097
DONNA NICHOLS VICE CHAIRPERSON 0.10
Officer Director
$0 $0 $0
JAMES MORRIS IV TREASURER 0.10
Officer Director
$0 $0 $0
KEVIN PORPORA CHAIRPERSON 0.10
Officer Director
$0 $0 $0
PATRICIA AUER SECRETARY 0.10
Officer Director
$0 $0 $0
PETER REALE BOARD MEMBER 0.10
Director
$0 $0 $0
ROBERT NEMER BOARD MEMBER 0.10
Director
$0 $0 $0
LINDA SPOKANE PRESIDENT & PROGRAM DIRECTOR 40.00
Officer
$259,891 $75,117 $335,008
MICHAEL MILES MD CHIEF MEDICAL OFFICER 20.00
Officer
$0 $77,919 $350,303
MICHELE BOXLEY VP, FINANCE & CONTRACTS 40.00
Officer
$170,582 $49,814 $220,396
SARAH MIJA DIR. OF OPERATIONS & TEAM 40.00
Highest
$112,979 $14,511 $127,490
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 $1,248,541 $1,792,725 $9,140,368 $-544,184
2023 $10,897,864 $1,430,482 $9,960,489 $9,467,382
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