BUTLER 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

1844

Legal Domicile

Principal Officer

MARY MARRAN

Phone

4014556267

Tax Period

2023-10-01 to 2024-09-30

BUTLER HOSPITAL, founded in 1844, is a major nonprofit in the Mental Health sector that reported $171.2M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $158.5M left a modest 7% surplus.

Mission

TO PROVIDE TREATMENT OF PSYCHIATRIC ILLNESS IN AN ATMOSPHERE OF DIGNITY AND RESPECT AND TO CONTRIBUTE KNOWLEDGE THROUGH EDUCATION AND RESEARCH WHILE CONTINUOUSLY IMPROVING THE WAYS THE HOSPITAL SERVICES ITS PATIENTS AND THE COMMUNITY. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.

Program Service Accomplishments

Program 1

Expenses: $142,671,932 Revenue: $164,900,738

EXPENSES INCURRED IN PROVIDING VARIOUS MEDICALLY NECESSARY PSYCHIATRIC SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO...

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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 $1,406,579

Program Service Revenue $164,135,088

Investment Income $1,098,835

Other Revenue $4,583,945

TOTAL REVENUE $171,224,447

Expense Breakdown

Grants Paid $8,000

Salaries & Benefits $73,970,358

Fundraising Expenses $0

Program Expenses $142,671,932

Other Expenses $84,545,121

TOTAL EXPENSES $158,523,479

Year-over-Year Comparison

	2023	2022	Change
Revenue	$171,224,447	$135,051,242	+0.3%
Expenses	$158,523,479	$128,596,696	+0.2%
Net Income	$12,700,968	$6,454,546	+1.0%

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

1334

Volunteers

107

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

$4,524,194

Total Directors

$2,968,398

Key Employees

$894,311

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL E WAGNER MD	DIRECTOR - PRESIDENT/CEO/CNE	55.0	Officer Director	$0	$32,601	$1,721,011
JAMES E FANALE MD	FORMER OFFICER	0.0		$0	$140,001	$1,457,642
F JOSEPH IANNONI	FORMER OFFICER	0.0		$0	$83,899	$890,828
MARY MARRAN	PRESIDENT & COO	55.0	Officer	$706,462	$83,575	$790,037
TODD A CONKLIN	ASST. TREAS./EVP/CFO/CNE	55.0	Officer	$0	$26,659	$733,881
GHULAM SURTI MD	SVP & CMO	55.0	Officer	$0	$58,485	$719,486
KEVIN BAILL MD	DIRECTOR - MED DIR OP SVCS/BH	55.0	Director	$0	$52,549	$635,307
ANA TUYA FULTON MD	DIR-CHIEF POP HLTH OFF/CNE	55.0	Director	$0	$21,160	$612,080
ASHLEY M TAYLOR ESQ	ASST. SEC./GEN. COUNSEL/CNE	55.0	Officer	$0	$17,484	$559,779
STEPHEN E BURKE	VP FINANCE	55.0	Key Emp	$0	$16,266	$340,508
DIANE FERREIRA RN	SVP/CNO	55.0	Key Emp	$242,494	$36,220	$278,714
PETER S VAN STEEDEN	VP OF OPERATIONS	55.0	Key Emp	$246,647	$28,442	$275,089
JAMES CARROLL JR	Sr. Director of Facilities	55.0	Highest	$180,713	$39,610	$220,323
LEILA ZAKI RN	STAFF NURSE	55.0	Highest	$198,921	$11,085	$210,006
CHLOE MORGAN PHARM D	PHARMACIST SPECIALIST	55.0	Highest	$176,785	$27,710	$204,495
CHRISTINE DIXON RN	Staff Nurse	55.0	Highest	$191,208	$10,557	$201,765
BREANNE COTE RN	STAFF NURSE	55.0	Highest	$174,376	$11,096	$185,472
GARY E FURTADO	CHAIRMAN - DIRECTOR	1.0	Officer Director	$0	$0	$0
R STEPHEN MANTY	VICE CHAIR/TREASURER-DIRECTOR	1.0	Officer Director	$0	$0	$0
JAMES A BOTVIN	SECRETARY - DIRECTOR	1.0	Officer Director	$0	$0	$0
SHARON CONARD-WELLS	DIRECTOR	1.0	Director	$0	$0	$0
CAROLYN MASTERS PHD RN	DIRECTOR	1.0	Director	$0	$0	$0
JOSEPH J MCGAIR ESQ	DIRECTOR	1.0	Director	$0	$0	$0
PATRICK J MURRAY JR	DIRECTOR	1.0	Director	$0	$0	$0
PETER PHILIPS	DIRECTOR	1.0	Director	$0	$0	$0
JUDITH REMONDI	DIRECTOR	1.0	Director	$0	$0	$0
CHARLES R REPPUCCI ESQ	DIRECTOR	1.0	Director	$0	$0	$0
MARIBETH Q WILLIAMSON	DIRECTOR	1.0	Director	$0	$0	$0

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	$171,224,447	$158,523,479	$97,462,925	$12,700,968
2023	$135,051,242	$128,596,696	$81,067,680	$6,454,546
2022	$131,482,130	$125,635,759	$71,338,178	$5,846,371
2021	$125,651,721	$119,554,613	$81,341,594	$6,097,108
2020	$116,507,766	$113,039,265	$72,390,818	$3,468,501
2019	$116,934,889	$109,756,951	$68,332,513	$7,177,938
2018	$107,045,658	$104,355,732	$61,837,313	$2,689,926