LAHEY CLINIC HOSPITAL INC (EIN 042704686) - 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

1980

Legal Domicile

Principal Officer

KEVIN TABB MD

Phone

7817445100

Tax Period

2023-10-01 to 2024-09-30

LAHEY CLINIC HOSPITAL INC, founded in 1980, is a large national nonprofit in the Health Care sector that reported $1.2B in total revenue in fiscal year 2023. Expenses of $1.1B left a modest 7% surplus.

Mission

FROM TIME TO TIME AND UNDER CERTAIN CIRCUMSTANCES, LAHEY CLINIC HOSPITAL, INC. OR ONE OF IT'S AFFILIATES MAY CHOOSE TO GROSS-UP A PAYMENT TO MAKE THE EMPLOYEE WHOLE FROM A TAX PERSPECTIVE. AS EXPLAINED FURTHER BELOW, ACROSS BILH THESE SITUATIONS ARE REVIEWED ON A CASE-BY-CASE BASIS AND THE COST OF ANY GROSS-UP IS CONSIDERED WHEN REVIEWING AN EMPLOYEE'S OVERALL COMPENSATION PACKAGE FOR REASONABLENESS. EXAMPLES OF THE TYPES OF EXPENSES WHICH MAY FALL INTO THIS CATEGORY ARE REIMBURSEMENT FOR RELOCATION AND TEMPORARY HOUSING. HOUSING ALLOWANCES WERE PROVIDED TO ONE OFFICER AND ONE KEY EMPLOYEE DURING THE YEAR. THIS BENEFIT WAS TREATED AS PART OF THEIR TAXABLE COMPENSATION.

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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 $122,708

Program Service Revenue $1,196,489,859

Investment Income $4,725,013

Other Revenue $26,799,452

TOTAL REVENUE $1,228,137,032

Expense Breakdown

Grants Paid $1,100,621

Salaries & Benefits $490,255,080

Fundraising Expenses $4,134,957

Program Expenses $977,643,437

Other Expenses $650,467,979

TOTAL EXPENSES $1,141,953,647

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,228,137,032	$1,155,412,856	+0.1%
Expenses	$1,141,953,647	$1,082,538,400	+0.1%
Net Income	$86,183,385	$72,874,456	+0.2%

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

5927

Volunteers

164

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

$10,315,536

Total Directors

$14,038,829

Key Employees

$7,280,019

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TABB MD KEVIN	TTEE & CEO (EX-OFF) (CEO, BILH)	1.00	Officer Director	$0	$1,097,028	$5,410,415
SHORETT PETER	TTEE (SR EXECUTIVE VP & COO, BILH)	1.00	Director	$0	$48,246	$1,607,722
MOFFATT-BRUCE MD PHD SUSAN	PRESIDENT & TRUSTEE	55.00	Officer Director	$1,142,266	$224,147	$1,366,413
MOSENTHAL MD ANNE	TRUSTEE; CHIEF ACADEMIC OFFICER	55.00	Director	$847,816	$68,115	$915,931
MOURTZINOS MD ARTHUR P	TRUSTEE; UROLOGIST	1.00	Director	$0	$50,084	$852,506
BRAMS MD DAVID	TRUSTEE (PRESIDENT, MEDICAL STAFF)	1.00	Director	$0	$72,341	$700,213
SORCINI MD ANDREA P	TRUSTEE; MSA PRESIDENT AND UROLOGIST	1.00	Director	$0	$35,142	$648,946
HUNTER MD ALICE A	TRUSTEE; ORTHOPAEDIC SURGEON	1.00	Director	$0	$64,766	$624,503
SRINIVASAN MD JAYASHRI	TRUSTEE; DIVISION CHAIR NEUROLOGY	1.00	Director	$0	$59,450	$538,652
WINGER MD CHRISTINE	TRUSTEE, PHYSICIAN	1.00	Director	$0	$47,491	$524,298
AQUINO MD PATRICK	TTEE; LCI DIVISION CHAIR, PSYCHIATRY	1.00	Director	$0	$49,219	$474,724
CRAWFORD MD BETSEY	TTEE; PHYSICIAN, INTERNAL MEDICINE	1.00	Director	$0	$30,681	$281,716
D'AGOSTINO MD RICHARD S	TRUSTEE, PHYSICIAN	1.00	Director	$0	$29,330	$92,790
EDMONDS JANE C	TRUSTEE & CHAIR	1.00	Officer Director	$0	$0	$0
ALEXANDER PAUL	TRUSTEE	1.00	Director	$0	$0	$0
DECOSTE PAMELA	TRUSTEE	1.00	Director	$0	$0	$0
FINK JOHANNA	TRUSTEE	1.00	Director	$0	$0	$0
HO WILLIAM	TRUSTEE	1.00	Director	$0	$0	$0
LAFRENIERE LAWRENCE	TRUSTEE	1.00	Director	$0	$0	$0
MCARDLE JOAN	TRUSTEE	1.00	Director	$0	$0	$0
NORDBLOM PETER C	TRUSTEE	1.00	Director	$0	$0	$0
PONTE PATRICIA REID	TRUSTEE	1.00	Director	$0	$0	$0
REYNOLDS MARY	TRUSTEE	1.00	Director	$0	$0	$0
ROBINS SHANNON	TRUSTEE	1.00	Director	$0	$0	$0
SCHMERGEL GREG	TRUSTEE	1.00	Director	$0	$0	$0
RIOS CINDY	TREAS (EXECUTIVE VP & CFO, BILH)	1.00	Officer	$0	$217,736	$1,689,163
KATZ ESQ JAMIE	CLERK; GENERAL COUNSEL, BILH	1.00	Officer	$0	$32,002	$1,302,177
CONNELLY CPA MBA MICHAEL	ASST TREAS (EX-OFF) & CFO	55.00	Officer	$239,929	$7,490	$376,343
TABERNER MIKAELA	ASST CLERK (ASSOC GC, BILH)	1.00	Officer	$0	$27,894	$171,025
STAIN MD STEVEN	CHAIR, SURGERY DEPARTMENT	55.00	Key Emp	$939,112	$70,699	$1,009,811
JOHNSON MD MS FACP ELIZABETH	PRES, BILH PRIMARY CARE NETWORK	1.00	Key Emp	$0	$104,587	$894,582
LIESCHING MD TIMOTHY	SR. VP AND CHIEF MEDICAL OFFICER	55.00	Key Emp	$713,219	$88,251	$801,470
CREIGHTON MD MALCOLM	HOSP BASED SVCS & EMERG MED CHAIR	1.00	Key Emp	$0	$65,963	$731,535
KEITZ MD SHERI	CHAIR OF DEPARTMENT OF MEDICINE	55.00	Key Emp	$635,285	$65,024	$700,309
BACIARELLI RENATO VAL	INTERIM SVP, COO	55.00	Key Emp	$599,877	$0	$599,877
LEW JOHN	VP, HUMAN RESOURCES BUSINESS PARTNER	55.00	Key Emp	$461,764	$44,791	$506,555
ROBINSON MPH MBA JASON	VP HOSPITAL SVCS & ACADEMIC AFFAIRS	55.00	Key Emp	$396,618	$62,651	$459,269
BOWEN-BENITICH MBA BRIGITTE	VP SURGICAL SERVICES	55.00	Key Emp	$405,496	$30,137	$435,633
SENARIAN EMILY	VP MED SVCS & AMBULATORY PERFORMANCE	55.00	Key Emp	$412,087	$20,843	$432,930
CANTRELL PAUL	VP, PLANNING, DESIGN, & CONSTRUCTION	55.00	Key Emp	$328,162	$59,238	$387,400
FANTASIA MSN RN LESLEY	INTERIM CHIEF NURSING OFFICER	55.00	Key Emp	$278,032	$42,616	$320,648
SACKOS TARA	RAPID RESPONSE, REGISTERED NURSE	55.00	Highest	$364,266	$61,325	$425,591
CIRINO EILEEN	LEAD PHYSICIST, TREATMT PLAN, RADONC	55.00	Highest	$319,317	$41,766	$361,083
STAPLETON MD THOMAS	CHIEF PERFUSION CARDIOTHORACIC SURG	55.00	Highest	$311,985	$45,393	$357,378
KILLILEA ANN	PATIENT FLOW COORDINATOR	55.00	Highest	$311,964	$41,726	$353,690
WALEYKO GENOVAITE	REGISTERED NURSE, TERTIARY CARE	55.00	Highest	$307,078	$26,188	$333,266
BENNETT KEVIN	FRMR ASST TREAS (EX-OFF) & CFO	0.00		$535,325	$222,074	$757,399
LONGWORTH MD DAVID	FRMR TTEE (EX-OFF) & PRES	0.00		$0	$15,489	$264,742
MARX MD JEFFREY L	FRMR INTERIM CHAIR, DEPT OF MEDICINE	0.00		$0	$71,517	$908,818
GALVIN RN MSN TRACY A	FRMR SVP, CNO, LHMC	0.00		$461,468	$177,226	$638,694
ROSENBLATT MD MICHAEL S	FORMER CMO HOSPITAL	0.00		$0	$68,753	$609,087

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	$1,228,137,032	$1,141,953,647	$627,046,976	$86,183,385
2023	$1,155,412,856	$1,082,538,400	$222,263,676	$72,874,456
2022	$1,062,540,895	$1,047,777,307	$284,026,623	$14,763,588
2021	$1,124,042,719	$1,056,326,273	$425,737,804	$67,716,446
2020	$1,036,261,688	$967,895,788	$439,333,881	$68,365,900
2019	$1,088,662,930	$977,796,467	$257,027,660	$110,866,463
2018	$1,011,758,197	$945,982,162	$227,311,528	$65,776,035

LAHEY CLINIC HOSPITAL INC