SOUTH COUNTY HOSPITAL HEALTHCARE S… - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

AARON S ROBINSON

Phone

4017828000

Tax Period

2023-10-01 to 2024-09-30

SOUTH COUNTY HOSPITAL HEALTHCARE SYSTEM ENDOWMENT, founded in 1989, is a small nonprofit in the Health Care sector that reported $905K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

PARENT ENTITY TO SOUTH COUNTY HOSPITAL HEALTHCARE SYSTEM WHICH PROVIDES PHILANTHROPIC SUPPORT TO THE SYSTEM AND AFFILIATES.

Program Service Accomplishments

Program 1

IN PREVIOUS YEARS, SOUTH COUNTY HOSPITAL HEALTHCARE SYSTEM ENDOWMENT PROVIDED PLANNING, MANAGEMENT, AND FUNDRAISING ACTIVITIES FOR SOUTH COUNTY HOSPITAL AND SOUTH COUNTY HOME HEALTH. BY PROVIDING...

IN PREVIOUS YEARS, SOUTH COUNTY HOSPITAL HEALTHCARE SYSTEM ENDOWMENT PROVIDED PLANNING, MANAGEMENT, AND FUNDRAISING ACTIVITIES FOR SOUTH COUNTY HOSPITAL AND SOUTH COUNTY HOME HEALTH. BY PROVIDING THESE SERVICES, THE HOSPITAL AND SOUTH COUNTY HOME HEALTH WERE ABLE TO FOCUS THEIR ACTIVITIES MORE TOWARD PROVIDING HIGH-QUALITY MEDICAL SERVICES TO PEOPLE IN SOUTHERN RHODE ISLAND. THE HEALTHCARE SYSTEM ENDOWMENT WAS INSTRUMENTAL IN HELPING RECRUIT NEW PHYSICIANS TO WORK FOR SOUTH COUNTY HOSPITAL, RAISE ADDITIONAL CHARITABLE DONATIONS FOR THE HOSPITAL SYSTEM AND PROMOTE THE HOSPITAL SYSTEM TO THE COMMUNITY. IN FISCAL YEAR ENDED SEPTEMBER 30, 2022, THIS ACTIVITY WAS TRANSFERRED TO THE SOUTH COUNTY HEALTH FOUNDATION.

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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 $0

Investment Income $905,405

Other Revenue $0

TOTAL REVENUE $905,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$905,405	$770,740	+0.2%
Expenses	N/A	N/A	N/A
Net Income	N/A	$770,740	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

Employees

N/A

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

$1,419,408

Total Directors

$348,742

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER JALBERT	VP OF MED STAFF (THRU 9/24)	1.00	Director	$0	$30,064	$348,742
NOAH BENEDICT	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT J BIERWIRTH MD	PRESIDENT OF MED STAFF	1.00	Director	$0	$0	$0
JOSEPH MATTHEWS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JAMES L FARRELL	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
BETTY RAMBUR PHD RN	TREASURER	1.00	Officer Director	$0	$0	$0
SANDRA COLETTA	TRUSTEE (THRU 4/24)	1.00	Director	$0	$0	$0
ROBERT K DYER MD	TRUSTEE	1.00	Director	$0	$0	$0
JOHN H HOWLAND	TRUSTEE	1.00	Director	$0	$0	$0
ROGEAN MAKOWSKI	TRUSTEE	1.00	Director	$0	$0	$0
JASON P MARSHALL	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MCCAFFREY	TRUSTEE (AS OF 4/24)	1.00	Director	$0	$0	$0
ERIC NORBERG	TRUSTEE	1.00	Director	$0	$0	$0
AUSTIN C SMITH	TRUSTEE	1.00	Director	$0	$0	$0
VICTORIA A WICKS	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA WOLFE	TRUSTEE	1.00	Director	$0	$0	$0
AARON S ROBINSON	PRESIDENT AND CEO	1.00	Officer	$0	$50,078	$914,296
THOMAS J BREEN	VP AND CHIEF FINANCIAL OFFICER	2.00	Officer	$0	$46,320	$505,112
AARON WEISBORD MD	FORMER TRUSTEE	0.00		$0	$49,499	$496,123
SALVATORE ABBRUZZESE JR	FORMER PRESIDENT MED STAFF	0.00		$0	$0	$121,676

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	$905,405	No data	$33,442,393	No data
2023	$770,740	No data	$27,578,026	No data
2022	$1,399,593	$60,696	$25,353,184	$1,338,897
2021	$4,534,825	$961,873	$47,625,949	$3,572,952
2020	$4,735,825	$648,397	$39,870,670	$4,087,428
2019	$3,197,800	$1,008,539	$36,679,766	$2,189,261
2018	$7,223,469	$882,063	$36,424,517	$6,341,406

SOUTH COUNTY HOSPITAL HEALTHCARE SYSTEM ENDOWMENT