STURDY HEALTH 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

1980

Legal Domicile

Principal Officer

AIMEE B BREWER

Phone

5082225200

Tax Period

2023-10-01 to 2024-09-30

STURDY HEALTH INC, founded in 1980, is a mid-sized nonprofit that reported $82.5M in total revenue in fiscal year 2023.

Mission

STURDY HEALTH, INC.'S PRIMARY PURPOSE IS TO EXPAND AND IMPROVE THE AVAILABILITY OF QUALITY MEDICAL CARE IN THE STURDY MEMORIAL HOSPITAL SERVICE AREA.

Program Service Accomplishments

Program 1

Expenses: $70,565,630 Revenue: $64,406,909

STURDY HEALTH, INC.'S PURPOSE IS TO RENDER MEDICAL SERVICES AND PROVIDE HEALTH EDUCATION TO THE COMMUNITIES WITHIN THE STURDY MEMORIAL HOSPITAL SERVICE AREA. DURING FISCAL 2024, STURDY HEALTH, INC...

STURDY HEALTH, INC.'S PURPOSE IS TO RENDER MEDICAL SERVICES AND PROVIDE HEALTH EDUCATION TO THE COMMUNITIES WITHIN THE STURDY MEMORIAL HOSPITAL SERVICE AREA. DURING FISCAL 2024, STURDY HEALTH, INC. OPERATED TWENTY GROUP PRACTICES AND ONE URGENT CARE CENTER IN THE TOWNS OF ATTLEBORO, NORTH ATTLEBORO, REHOBOTH-SEEKONK, NORTON, AND PLAINVILLE.

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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 $18,076,962

Program Service Revenue $63,985,832

Investment Income $0

Other Revenue $421,077

TOTAL REVENUE $82,483,871

Expense Breakdown

Grants Paid $93,333

Salaries & Benefits $63,165,670

Fundraising Expenses $0

Program Expenses $70,565,630

Other Expenses $21,415,322

TOTAL EXPENSES $84,674,325

Year-over-Year Comparison

	2023	2022	Change
Revenue	$82,483,871	$79,473,070	+0.0%
Expenses	$84,674,325	$81,221,595	+0.0%
Net Income	$-2,190,454	$-1,748,525	+0.3%

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

624

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

$2,413,992

Total Directors

$1,943,648

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AIMEE BREWER	EXECUTIVE DIRECTOR/CLERK	9.00	Officer Director	$0	$98,320	$1,009,946
STEVEN BENSSON MD	DIRECTOR & PHYSICIAN	42.00	Director	$405,690	$108,638	$514,328
ASMA LATIF MD	DIRECTOR	45.00	Director	$385,535	$33,839	$419,374
MICHAEL THURSBY DO	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN KORONA	DIRECTOR	2.00	Director	$0	$0	$0
RALPH SCHLENKER	DIRECTOR (THRU 12/2023)	2.00	Director	$0	$0	$0
DONNA N KIMMEL	DIRECTOR (AS OF 01/2024)	2.00	Director	$0	$0	$0
WAYNE GIETZ	COO	25.00	Officer	$0	$129,516	$751,195
AMY PFEFFER	CFO/TREASURER	5.00	Officer	$0	$48,482	$652,851
DANIA DEGRACE MD	PHYSICIAN	40.00	Highest	$701,958	$21,317	$723,275
BARBARA STRICKER MD	PHYSICIAN	40.00	Highest	$756,034	$60,756	$816,790
THOMAS ROODHOUSE MD	PHYSICIAN	40.00	Highest	$700,819	$47,155	$747,974
RALPH PHILOSOPHE MD	PHYSICIAN	40.00	Highest	$775,928	$105,734	$881,662
SAUL MAGITSY MD	PHYSICIAN	40.00	Highest	$695,643	$30,017	$725,660

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	$82,483,871	$84,674,325	$33,716,076	$-2,190,454
2023	$79,473,070	$81,221,595	$16,526,068	$-1,748,525
2022	$71,394,121	$72,715,645	$19,008,900	$-1,321,524
2021	$68,098,558	$69,343,787	$19,705,224	$-1,245,229
2020	$65,939,648	$65,939,650	$12,735,144	$-2
2019	$63,061,623	$62,394,356	$12,657,914	$667,267
2018	$55,241,609	$55,241,609	$12,577,511	No data