Copley Hospital Inc

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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

1934

Legal Domicile

Phone

8028888888

Tax Period

2023-10-01 to 2024-09-30

Copley Hospital Inc, founded in 1934, is a major nonprofit in the Health Care sector that reported $107.6M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $104.1M left a modest 3% surplus.

Mission

COPLEY HOSPITAL IS DEDICATED TO HELPING PEOPLE LIVE HEALTHIER LIVES BY PROVIDING EXCEPTIONAL CARE, SUPERIOR SERVICE AND ASSURING EVERYONE HAS ACCESS TO AFFORDABLE, HIGH-QUALITY HEALTH CARE.

Program Service Accomplishments

Program 1

Expenses: $87,389,956 Revenue: $105,564,636

COPLEY HOSPITAL PROVIDES QUALITY MEDICAL HEALTHCARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE OR ABILITY TO PAY. ALTHOUGH REIMBURSEMENT IS CRITICAL TO THE HOSPITAL, IT IS...

COPLEY HOSPITAL PROVIDES QUALITY MEDICAL HEALTHCARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE OR ABILITY TO PAY. ALTHOUGH REIMBURSEMENT IS CRITICAL TO THE HOSPITAL, IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL SERVICES. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.

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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 $2,140,063

Program Service Revenue $105,564,636

Investment Income $-90,333

Other Revenue $12,542

TOTAL REVENUE $107,626,908

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,925,735

Fundraising Expenses $0

Program Expenses $87,389,956

Other Expenses $47,155,752

TOTAL EXPENSES $104,081,487

Year-over-Year Comparison

	2023	2022	Change
Revenue	$107,626,908	$98,450,070	+0.1%
Expenses	$104,081,487	$99,802,640	+0.0%
Net Income	$3,545,421	$-1,352,570	-3.6%

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

676

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

$1,530,166

Total Directors

$1,509,376

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE BONGIORNO	VICE CHAIR	1.8	Officer Director	$0	$0	$0
BOB BLEIMEISTER	TREASURER	1.8	Officer Director	$0	$0	$0
DEBORAH POMEROY	SECRETARY	1.8	Officer Director	$0	$0	$0
JOSEPH WOODIN	CEO	37.0	Officer Director	$549,417	$21,957	$571,374
KATHY DEMARS	TRUSTEE / CHAIR BEG 02/24	1.8	Officer Director	$0	$0	$0
NANCY BANKS	CHAIR END 02/24	1.8	Officer Director	$0	$0	$0
ALDEN LAUNER	TRUSTEE	1.8	Director	$0	$0	$0
BETHANY SALVAS	TRUSTEE BEG 02/24	1.8	Director	$0	$0	$0
CAMERON PAGE	TRUSTEE	1.8	Director	$0	$0	$0
CARL SZLACHETKA	TRUSTEE	3.8	Director	$0	$0	$0
CHRISTOPHER TOWNE	TRUSTEE	1.8	Director	$0	$0	$0
DAN NOYES	TRUSTEE	1.8	Director	$0	$0	$0
DAVID SILVERMAN	TRUSTEE END 02/24	1.8	Director	$0	$0	$0
DIANE COTE	TRUSTEE	1.8	Director	$0	$0	$0
FRANCIS LANDREY	TRUSTEE BEG 02/24	1.8	Director	$0	$0	$0
J MARTIN LINSEISEN MD	TRUSTEE END 02/24	39.8	Director	$404,314	$52,647	$456,961
JAMES HODGE	TRUSTEE BEG 02/24	1.8	Director	$0	$0	$0
KRISTEN SHARPLESS	TRUSTEE END 06/24	1.8	Director	$0	$0	$0
MIKE FEULNER	TRUSTEE	1.8	Director	$0	$0	$0
NAN CARLE BEAUREGARD	TRUSTEE	1.8	Director	$0	$0	$0
PAMELA STANYON	TRUSTEE	1.8	Director	$0	$0	$0
TRAVIS KNAPP	TRUSTEE BEG 02/24 / ANESTHESIA DIRECTOR	39.8	Director	$427,820	$53,221	$481,041
WALTER FRAME	TRUSTEE END 02/24	1.8	Director	$0	$0	$0
JEFFREY HEBERT	CFO	37.0	Officer	$260,707	$11,409	$272,116
LORI PROFOTA	CNO END 02/24	38.0	Officer	$218,967	$38,976	$257,943
SAMANTHA ALLAIRE	NURSE MGR / INTERIM CNO BEG 07/23	38.0	Officer	$87,364	$41,057	$128,421
WAYNE STOCKBRIDGE	CHIEF ADMIN & HR OFFICER	37.0	Officer	$249,773	$50,539	$300,312
BRIAN AROS	ORTHOPEDIC SURGEON	40.0	Highest	$1,003,388	$50,858	$1,054,246
BRYAN MONIER	ORTHOPEDIC SURGEON	40.0	Highest	$608,688	$50,531	$659,219
JOHN MACY	ORTHOPEDIC SURGEON	40.0	Highest	$881,221	$41,559	$922,780
JOSEPH MCLAUGHLIN	ORTHOPEDIC SURGEON	40.0	Highest	$779,567	$51,736	$831,303
NICHOLAS ANTELL	ORTHOPEDIC SURGEON	40.0	Highest	$667,434	$41,077	$708,511

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	$107,626,908	$104,081,487	$93,963,237	$3,545,421
2023	$98,450,070	$99,802,640	$78,337,251	$-1,352,570
2022	$94,982,831	$95,335,403	$76,557,039	$-352,572
2021	$98,228,330	$88,190,680	$84,353,372	$10,037,650
2020	$74,460,549	$76,769,290	$81,994,926	$-2,308,741
2019	$68,533,825	$70,299,331	$54,544,853	$-1,765,506
2018	$68,031,325	$69,683,656	$56,568,832	$-1,652,331