EMERSON HOSPITAL (EIN 042103565) - Form 990 Financial Analysis & Trantor Score

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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

1924

Legal Domicile

Principal Officer

SCOTT KOSOWICZ

Phone

9782878709

Tax Period

2023-10-01 to 2024-09-30

EMERSON HOSPITAL, founded in 1924, is a major nonprofit in the Health Care sector that reported $387.3M in total revenue in fiscal year 2023. Expenses of $367.1M left a modest 5% surplus.

Mission

EMERSON HOSPITAL IS AN ACUTE CARE NON PROFIT COMMUNITY HOSPITAL THAT OFFERS A WIDE RANGE OF MEDICAL, SURGICAL AND SPECIALTY CARE TO APPROXIMATELY 300,000 INDIVIDUALS IN 21 TOWNS.

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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 $2,367,574

Program Service Revenue $347,376,478

Investment Income $16,542,544

Other Revenue $21,054,810

TOTAL REVENUE $387,341,406

Expense Breakdown

Grants Paid $0

Salaries & Benefits $202,728,930

Fundraising Expenses $0

Program Expenses $341,264,257

Other Expenses $164,322,571

TOTAL EXPENSES $367,051,501

Year-over-Year Comparison

	2023	2022	Change
Revenue	$387,341,406	$358,675,417	+0.1%
Expenses	$367,051,501	$367,286,794	0.0%
Net Income	$20,289,905	$-8,611,377	-3.4%

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

2704

Volunteers

225

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

$2,423,161

Total Directors

$3,778,463

Key Employees

$463,556

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY S CAMPBELL	TREASURER	4.00	Officer Director	$0	$0	$0
JAMES DIGIOVANNI	SECRETARY	4.00	Officer Director	$0	$0	$0
CHRISTINE C SCHUSTER	PRESIDENT AND CEO	56.00	Officer Director	$1,370,489	$313,345	$1,683,834
BENJAMIN TILLINGER MD	MED STAFF PRESIDENT	4.00	Director	$0	$33,354	$520,425
PAUL BIRCH	VICE CHAIR	4.00	Director	$0	$0	$0
CHRISTINA MARTIN	ASSISTANT SECRETARY	4.00	Director	$104,412	$13,955	$118,367
RICHARD CHURCHILL	DIRECTOR	4.00	Director	$0	$0	$0
ROSE ANN GIORDANO	DIRECTOR	4.00	Director	$0	$0	$0
JAMES STREET MD	DIRECTOR	4.00	Director	$0	$0	$0
MICHAEL ZAK	DIRECTOR	4.00	Director	$0	$0	$0
ANNA RASMUSSEN	DIRECTOR	4.00	Director	$0	$0	$0
EILEEN DEIGNAN MD	DIRECTOR	4.00	Director	$0	$0	$0
JOHN HICKLING	DIRECTOR	4.00	Director	$0	$0	$0
DAVID LAUTZ MD	DIRECTOR	4.00	Director	$0	$39,572	$1,455,837
JOHN BOYNTON	DIRECTOR	4.00	Director	$0	$0	$0
DAVID ROSE MD	DIRECTOR	4.00	Director	$0	$0	$0
WILLIAM RYAN	DIRECTOR	4.00	Director	$0	$0	$0
JILL STANSKY	DIRECTOR	4.00	Director	$0	$0	$0
JOSHUA M NELSON	DIRECTOR	4.00	Director	$0	$0	$0
GLORIA L CLOUGH	CHAIR	4.00	Officer Director	$0	$0	$0
STEPHEN COCO	SR VP, CFO, ASSISTANT TREASURER	30.00	Officer	$651,704	$87,623	$739,327
CRAIG BEST	PRESIDENT (EPA)	30.00	Key Emp	$463,556	$0	$463,556
JOHN DOWD MD	PHYSICIAN	0.00	Highest	$0	$39,572	$635,123
DAVID KAHAN MD	PHYSICIAN	0.00	Highest	$0	$5,300	$657,256
JENNIFER NAYOR MD	PHYSICIAN	0.00	Highest	$0	$39,572	$688,693
ARTHUR LEE MD	PHYSICIAN	0.00	Highest	$0	$33,354	$775,668
MARK MOSCHELLA MD	PHYSICIAN	0.00	Highest	$0	$33,354	$751,975

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	$387,341,406	$367,051,501	$301,380,465	$20,289,905
2023	$358,675,417	$367,286,794	$293,341,738	$-8,611,377
2022	$351,532,242	$347,108,419	$262,100,306	$4,423,823
2021	$319,206,496	$314,824,760	$265,964,885	$4,381,736
2020	$263,442,696	$286,078,180	$233,345,597	$-22,635,484
2019	$272,071,713	$268,383,047	$213,357,704	$3,688,666
2018	$251,264,701	$244,835,546	$196,171,179	$6,429,155

EMERSON HOSPITAL