Adirondack Medical Center Foundation

Better Health, Better Lives

aka Adirondack Health Foundation   |   Saranac Lake, NY   |
GuideStar Charity Check

Adirondack Medical Center Foundation

EIN: 16-1528554


The Foundation ensures quality healthcare for the heart of the Adirondacks by raising, investing and distributing funds in support of Adirondack Health's core mission: Excellent Healthcare...Close to Home.

Ruling year info


Principal Officer

Hannah Hanford

Main address

PO Box 120

Saranac Lake, NY 12983 USA

Show more contact info



Subject area info



Population served info

Children and youth


Sexual identity

Social and economic status


NTEE code info

Fund Raising and/or Fund Distribution (E12)

Philanthropy / Charity / Voluntarism Promotion (General) (T50)

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Hospital healthcare

Adirondack Health is the only full-service hospital operating within the Adirondack Park. It offers a wide spectrum of health services including emergency care, surgical services, wellness and prevention, dental care and medical fitness to year-round residents, 2nd homeowners, visiting athletes, and visitors.

Population(s) Served
Age groups
Social and economic status
Sexual identity
Ethnic and racial groups

Capital campaign to raise funds in support of $12 million renovation project to the two medical/surgical floors including new windows, total upgrade of HVAC systems, conversion to all private rooms, new bathrooms, enhanced telemedicine and communication systems, and totally remodeled patient rooms.

Population(s) Served
Children and youth
Sexual identity
Social and economic status

Where we work

Affiliations & memberships

US Olympic Committee National Medical Network 2015

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We demonstrated a willingness to learn more by reviewing resources about feedback practice.
done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve

  • Which of the following feedback practices does your organization routinely carry out?

    We act on the feedback we receive, We tell the people who gave us feedback how we acted on their feedback

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback


Adirondack Medical Center Foundation
Fiscal year: Jan 01 - Dec 31
Financial documents
2021 2021 Audited Financial Statements
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2021 info

SOURCE: IRS Form 990


Average of 1148.52 over 10 years

Months of cash in 2021 info

SOURCE: IRS Form 990


Average of 12.7 over 10 years

Fringe rate in 2021 info

SOURCE: IRS Form 990


Average of 17% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Adirondack Medical Center Foundation

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Adirondack Medical Center Foundation

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Adirondack Medical Center Foundation

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Adirondack Medical Center Foundation’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2017 2018 2019 2020 2021
Unrestricted surplus (deficit) before depreciation $2,082,471 -$8,681,547 $7,192,665 $1,757,285 $693,012
As % of expenses 159.9% -109.3% 213.9% 116.3% 24.7%
Unrestricted surplus (deficit) after depreciation $2,082,471 -$8,681,547 $7,192,665 $1,757,285 $693,012
As % of expenses 159.9% -109.3% 213.9% 116.3% 24.7%
Revenue composition info
Total revenue (unrestricted & restricted) $2,610,700 $3,778,164 $1,167,386 $2,150,071 $5,215,601
Total revenue, % change over prior year -55.4% 44.7% -69.1% 84.2% 142.6%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 14.9% 3.8% 1.8% 0.9% 0.4%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 75.6% 25.8% 45.4% 96.2% 77.3%
Other revenue 9.5% 70.4% 52.8% 2.9% 22.3%
Expense composition info
Total expenses before depreciation $1,302,350 $7,942,629 $3,363,377 $1,511,315 $2,800,848
Total expenses, % change over prior year 2.6% 509.9% -57.7% -55.1% 85.3%
Personnel 24.5% 3.6% 7.9% 16.4% 9.8%
Professional fees 15.5% 1.3% 2.6% 5.5% 4.4%
Occupancy 0.0% 0.0% 0.0% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 45.2% 91.2% 86.5% 70.4% 78.1%
All other expenses 14.8% 3.8% 3.0% 7.7% 7.7%
Full cost components (estimated) info 2017 2018 2019 2020 2021
Total expenses (after depreciation) $1,302,350 $7,942,629 $3,363,377 $1,511,315 $2,800,848
One month of savings $108,529 $661,886 $280,281 $125,943 $233,404
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $1,410,879 $8,604,515 $3,643,658 $1,637,258 $3,034,252

Capital structure indicators

Liquidity info 2017 2018 2019 2020 2021
Months of cash 50.5 2.1 3.0 13.6 6.1
Months of cash and investments 209.8 23.1 57.4 143.5 85.1
Months of estimated liquid unrestricted net assets 165.5 14.0 58.8 144.8 81.1
Balance sheet composition info 2017 2018 2019 2020 2021
Cash $5,481,377 $1,359,852 $838,401 $1,712,069 $1,427,062
Investments $17,285,827 $13,942,880 $15,250,109 $16,366,221 $18,442,117
Receivables $2,388,556 $1,462,876 $518,255 $248,032 $2,290,609
Gross land, buildings, equipment (LBE) $0 $0 $0 $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 0.6% 0.2% 0.4% 0.1% 0.0%
Unrestricted net assets $17,966,840 $9,285,293 $16,477,958 $18,235,243 $18,928,255
Temporarily restricted net assets $6,990,575 $7,401,279 N/A N/A N/A
Permanently restricted net assets $46,115 $46,115 N/A N/A N/A
Total restricted net assets $7,036,690 $7,447,394 $69,513 $69,038 $3,232,609
Total net assets $25,003,530 $16,732,687 $16,547,471 $18,304,281 $22,160,864

Key data checks

Key data checks info 2017 2018 2019 2020 2021
Material data errors No No No No No


The people, governance practices, and partners that make the organization tick.

Form 1023/1024 is not available for this organization

Principal Officer

Hannah Hanford

1996 to 2008 - Assist. VP Development for the Foundation of CVPH Medical Center

2008 to 2009 - Director of Development for the Virginia Center for the Creative Arts

2010 to present - Director of Development for the Adirondack Health Foundation

Executive Director holds the CFRE credential

Number of employees

Source: IRS Form 990

Adirondack Medical Center Foundation

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Adirondack Medical Center Foundation

Board of directors
as of 06/08/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board co-chair

Daniel Kelleher

Adirondack Park Agency

Term: 2021 - 2023

Board co-chair

Heather Bumsted

Board & Community Volunteer

Edward Bickford

Retired, Finance, State Street Research & Management/Babson Capital Management

Kevin Brady

Principal, Long Run Wealth

Joan Grabe

Retired Nurse, Community Volunteer

Matthew Norfolk, Esq.

Partner, Norfolk Law, PLLC

Robert Beier

Retired, AIG

Daniel Kelleher

Special Assistant Economic Affairs, Adirondack Park Agency

Eve Burns, DO


Maggie Ho, DO


Kelly Larkin, MD

Emergency Medicine Physician/President, The Larkin Group

Nina Merrill

Community & Board Volunteer

Erin Perkins

Educator, Keene Central School

Nick Politi

Associate Real Estate Broker, Merrill Thomas

Noelle Short

Superintendent Long Lake Central School District

Edward "Ted" Ughetta, Esq.

Private Equity Attorney, Nixon Peabody, LLP

Peter VanEtten

Manager, Hyde Fuel

Joseph Beck

Raymond James

John Huwiler


Heidi Holderied

Physical Therapist

Thomas Green, MD


Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 6/8/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.


The organization's leader identifies as:

Race & ethnicity
Gender identity
Female, Not transgender (cisgender)
Sexual orientation
Heterosexual or straight
Disability status
Person without a disability

Race & ethnicity

Gender identity


Sexual orientation


We do not display disability information for organizations with fewer than 15 staff.

Equity strategies

Last updated: 02/15/2021

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.