STURDY MEMORIAL HOSPITAL INC (EIN 042768252) - 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

1913

Legal Domicile

Principal Officer

AIMEE B BREWER

Phone

5082225200

Tax Period

2023-10-01 to 2024-09-30

STURDY MEMORIAL HOSPITAL INC, founded in 1913, is a major nonprofit in the Health Care sector that reported $296.2M in total revenue in fiscal year 2023.

Mission

PROVIDING SAFE, HIGH QUALITY, COST EFFICIENT HEALTH CARE, AND A BROAD (CONTINUED ON SCH O).RANGE OF DIAGNOSTICS, INPATIENT, OUTPATIENT AND EMERGENCY SERVICES FOR OUR COMMUNITY.

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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 $0

Program Service Revenue $271,417,066

Investment Income $13,315,358

Other Revenue $11,437,643

TOTAL REVENUE $296,170,067

Expense Breakdown

Grants Paid $18,143,475

Salaries & Benefits $151,644,398

Fundraising Expenses $0

Program Expenses $250,674,046

Other Expenses $121,506,194

TOTAL EXPENSES $291,294,067

Year-over-Year Comparison

	2023	2022	Change
Revenue	$296,170,067	$290,221,417	+0.0%
Expenses	$291,294,067	$285,733,561	+0.0%
Net Income	$4,876,000	$4,487,856	+0.1%

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

1917

Volunteers

568

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

$1,542,430

Key Employees

$1,175,995

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NITHIN KARANTH MD	PHYSICIAN DIRECTOR (AS OF 01/2024)	42.00	Director	$981,132	$9,537	$990,669
RONALD VAN NESS-OTUNNU MD	PHYSICIAN DIRECTOR (THRU 12/2023)	42.00	Director	$499,962	$51,799	$551,761
JOHN KORONA	CHAIR (THRU 12/2023)	2.00	Officer Director	$0	$0	$0
DONNA N KIMMEL	DIRECTOR/CHAIR (AS OF 01/2024)	2.00	Director	$0	$0	$0
ROSE LARSON	CLERK	2.00	Officer Director	$0	$0	$0
ANDY BEISE	DIRECTOR (AS OF 01/2024)	2.00	Director	$0	$0	$0
STEPHEN BURLONE	DIRECTOR	2.00	Director	$0	$0	$0
FRANK COOK	DIRECTOR (AS OF 01/2024)	2.00	Director	$0	$0	$0
KEVIN CRYAN	DIRECTOR	2.00	Director	$0	$0	$0
JAMES DELISIO	DIRECTOR	2.00	Director	$0	$0	$0
DWAYNE DEMOND	DIRECTOR (THRU 12/2023)	2.00	Director	$0	$0	$0
CATHLEEN DESIMONE	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD DIGIACOMO	DIRECTOR	2.00	Director	$0	$0	$0
ROGER FORMAN	DIRECTOR	2.00	Director	$0	$0	$0
LAURA GIGNAC	DIRECTOR	2.00	Director	$0	$0	$0
DENNIS KELLY	DIRECTOR (THRU 12/2023)	2.00	Director	$0	$0	$0
DENNIS LEAHY	DIRECTOR (AS OF 01/2024)	2.00	Director	$0	$0	$0
THOMAS NOEL	DIRECTOR	2.00	Director	$0	$0	$0
RALPH SCHLENKER	DIRECTOR	2.00	Director	$0	$0	$0
AIMEE BREWER	PRESIDENT & CEO	37.00	Officer	$911,626	$98,320	$1,009,946
WAYNE GIETZ	EVP/COO	20.00	Officer	$621,679	$129,516	$751,195
AMY PFEFFER	CFO & TREASURER	35.00	Officer	$604,369	$48,482	$652,851
ROBIN MORRIS	SVP OF CLINICAL OPS & INTEGRITY	45.00	Key Emp	$350,819	$29,984	$380,803
NATALIE COOK	CHIEF HUMAN RESOURCES OFFICER	45.00	Key Emp	$423,125	$91,277	$514,402
LISA SALAMEH	SVP FOR PATIENT SVCS. & CNO	45.00	Key Emp	$245,909	$34,881	$280,790
BRIAN PATEL MD	PHYSICIAN	40.00	Highest	$620,620	$42,912	$663,532
ALICIA BLAZEJEWSKI MD	PHYSICIAN	40.00	Highest	$383,290	$37,025	$420,315
MARK MCGUIRE MD	PHYSICIAN	40.00	Highest	$435,395	$32,472	$467,867
JUSTINE ZILLIKEN	CHIEF STRATEGY OFFICER	40.00	Highest	$375,467	$76,519	$451,986
DENIS TANGUAY	VP, CHIEF INFORMATION OFFICER	45.00	Highest	$405,391	$98,047	$503,438
BRIAN KELLY MD	FORMER VP/PHYSICIAN	40.00		$297,745	$2,977	$300,722
DAVID SPOOR	FORMER SVP PATIENT SRVS/CNO	0.00		$190,615	$4,321	$194,936

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	$296,170,067	$291,294,067	$660,621,287	$4,876,000
2023	$290,221,417	$285,733,561	$544,242,567	$4,487,856
2022	$278,647,434	$264,782,693	$494,641,614	$13,864,741
2021	$274,264,113	$251,725,014	$572,094,227	$22,539,099
2020	$242,480,770	$228,515,077	$472,355,538	$13,965,693
2019	$232,739,013	$214,188,640	$440,585,898	$18,550,373
2018	$203,307,395	$186,371,230	$468,076,226	$16,936,165

STURDY MEMORIAL HOSPITAL INC