St Joseph Hospital

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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

1943

Legal Domicile

Principal Officer

John Jurczyk

Phone

6038823000

Tax Period

2023-01-01 to 2023-12-31

St Joseph Hospital, founded in 1943, is a major nonprofit in the Health Care sector that reported $283.5M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

We are a Catholic health ministry, providing healing and care for the whole person, in service to all in our communities.

Program Service Accomplishments

Program 1

Expenses: $51,835,121 Revenue: $74,807,843

Inpatient medical, surgical and rehabilitative services to anyone needing care in the greater Nashua area.

Program 2

Expenses: $109,929,700 Revenue: $202,258,246

Outpatient services including surgery, radiology, laboratory, rehabilitative, cardiovascular, breast health, cardiac rehab, and mental health to anyone needing services in the greater Nashua area.

Program 3

Expenses: $71,318,216 Revenue: $0

Each year St. Joseph Hospital provides millions of dollars worth of charity care and community services reflecting our healing mission and our values. St. Joseph Hospital follows the methodology...

Each year St. Joseph Hospital provides millions of dollars worth of charity care and community services reflecting our healing mission and our values. St. Joseph Hospital follows the methodology recommended by the Catholic Health Assocation for calculating the cost of charity care and community benefits.

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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 $728,455

Program Service Revenue $281,947,188

Investment Income $-2,858,162

Other Revenue $3,657,100

TOTAL REVENUE $283,474,581

Expense Breakdown

Grants Paid $52,996

Salaries & Benefits $127,112,157

Fundraising Expenses $0

Program Expenses $235,971,383

Other Expenses $161,010,106

TOTAL EXPENSES $288,175,259

Year-over-Year Comparison

	2023	2022	Change
Revenue	$283,474,581	$254,184,743	+0.1%
Expenses	$288,175,259	$277,695,935	+0.0%
Net Income	$-4,700,678	$-23,511,192	-0.8%

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

1858

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

$2,141,043

Total Directors

$950,177

Key Employees

$899,053

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John A Jurczyk	SVP & President	38.00	Officer Director	$0	$38,184	$798,531
Gerard Hadley	Treasurer and CFO (start 8/2023)	40.00	Officer Director	$0	$11,842	$151,646
Matthew Fossum	Director (end 3/2023)	1.00	Director	$0	$0	$0
Kevin Halloran	Director	1.00	Director	$0	$0	$0
Uwe Hurley	Director	1.00	Director	$0	$0	$0
Donnalee Lozeau	Director	1.00	Director	$0	$0	$0
Laura Mylott	Director	1.00	Director	$0	$0	$0
Deborah Novotny	Director	1.00	Director	$0	$0	$0
Joseph J Porcello	Director	1.00	Director	$0	$0	$0
Daniel M Weeks	Director	1.00	Director	$0	$0	$0
John Parolin	Chair	1.00	Officer Director	$0	$0	$0
Sean Howell	Vice Chair (start 7/2023)	1.00	Officer Director	$0	$0	$0
Ralph Jenkins	VC/Int. Treas. (end 10/23); Director	1.00	Officer Director	$0	$0	$0
Arthur Urschel	Secretary	1.00	Officer Director	$0	$0	$0
Richard Plamondon	Treasurer / VP Finance (end 6/2023)	38.00	Officer	$0	$18,116	$349,160
Stephen Grubbs	CEO, Covenant Health, Inc.	1.00	Officer	$0	$38,604	$841,706
Deepak Vatti	Medical Director	40.00	Key Emp	$435,366	$39,817	$475,183
Alison Madden	VP Medical Affairs	40.00	Key Emp	$394,932	$28,938	$423,870
Albert Tom MD	Physician	40.00	Highest	$839,328	$39,254	$878,582
Umer Syed MD	Physician	40.00	Highest	$532,051	$40,296	$572,347
Huei Wen Lim MD	Physician	40.00	Highest	$528,256	$15,805	$544,061
Laurence Young MD	Physician	40.00	Highest	$521,211	$38,109	$559,320
Raymond Suaarez MD	Physician	40.00	Highest	$515,772	$44,746	$560,518

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	$283,474,581	$288,175,259	$245,199,262	$-4,700,678
2022	$254,184,743	$277,695,935	$239,592,401	$-23,511,192
2021	$272,191,009	$247,146,445	$290,885,778	$25,044,564
2020	$243,240,371	$232,395,349	$311,096,199	$10,845,022
2019	$242,203,849	$235,837,288	$273,734,500	$6,366,561
2018	$211,024,003	$230,905,165	$260,709,399	$-19,881,162