Somerville 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

1891

Legal Domicile

Principal Officer

ASSAAD SAYAH

Phone

7813380311

Tax Period

2018-07-01 to 2019-06-30

Somerville Hospital, founded in 1891, is a major nonprofit that reported $228.2M in total revenue in fiscal year 2018. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

PROVIDES MANAGEMENT AND SUPPORT PERSONNEL TO AND HOLDS THE REAL ESTATE FOR ITS PARENT CHA, IN FURTHERANCE OF CHA'S MISSION. PLEASE SEE SCHEDULE O FOR REMAINDER OF DISCLOSURE.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $228,190,202

Investment Income $0

Other Revenue $0

TOTAL REVENUE $228,190,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $183,072,776

Fundraising Expenses $0

Program Expenses $195,436,729

Other Expenses $45,117,426

TOTAL EXPENSES $228,190,202

Year-over-Year Comparison

	2018	2017	Change
Revenue	$228,190,202	$201,464,636	+0.1%
Expenses	$228,190,202	$201,464,636	+0.1%
Net Income	$0	N/A	N/A

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

N/A

Employees

2591

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

$1,492,404

Total Directors

$1,679,830

Key Employees

$3,295,723

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK R WARDELL	PRESIDENT/CEO - UNTIL 06/2019	10.0	Officer Director	$702,422	$44,819	$747,241
ANDREW FUQUA	SVP/GEN COUNSEL	10.0	Director	$373,339	$15,763	$389,102
JILL BATTY	SVP FINANCE/CFO/TREASURER	10.0	Officer Director	$498,283	$45,204	$543,487
CONNIE YOUNG	CLERK	10.0	Officer	$0	$28,382	$201,676
RENEE KESSLER	EVP/COO	10.0	Key Emp	$491,816	$43,351	$535,167
EDWARD BROWNE	VP SUPPORT SERVICES	10.0	Key Emp	$239,245	$36,789	$276,034
STEVEN CARTER	SVP IT / CIO - UNTIL 09/2018	10.0	Key Emp	$294,715	$32,467	$327,182
JOY CURTIS	SVP HR	10.0	Key Emp	$347,130	$42,135	$389,265
ASSAAD SAYAH	CHAPO PHYSIC/CMO	10.0	Key Emp	$0	$40,631	$685,756
PAUL ALLEN	PHYSICIAN/CHIEF QUALITY OFC	10.0	Key Emp	$0	$40,681	$489,246
LYNETTE ALBERTI	CNO	10.0	Key Emp	$346,389	$26,966	$373,355
BRIAN HERRICK	CIO	10.0	Key Emp	$0	$9,462	$219,718
DAVID PORELL	CHAPO CHIEF ADMIN. OFFICER	10.0	Highest	$252,676	$12,487	$265,163
MARY CASSESSO	PRES. CHA FOUNDATION	10.0	Highest	$310,953	$12,933	$323,886
STEVEN CANO	CHIEF PHARMACY OFFICER	55.0	Highest	$250,423	$37,064	$287,487
KIM KEOUGH	CHIEF STRATEGY & MARKETING OFC	10.0	Highest	$248,056	$20,197	$268,253
JOHN O'HARA	VP OF PC OPERATIONS	10.0	Highest	$245,283	$26,966	$272,249
GERALD STEINBERG	FORMER CMO; CURRENT PHYSICIAN	0.0		$0	$11,380	$200,406

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
2019	$228,190,202	$228,190,202	$34,370,569	No data
2019	$117,584,400	$117,584,400	No data	No data
2018	$201,464,636	$201,464,636	$31,541,931	No data