The Miriam Hospital Foundation (EIN 050377502) - 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

1978

Legal Domicile

Principal Officer

Maria Ducharme DNP RN NEA-BC

Phone

4014446500

Tax Period

2023-10-01 to 2024-09-30

The Miriam Hospital Foundation, founded in 1978, is a mid-sized nonprofit in the Health Care sector that reported $13.8M in total revenue in fiscal year 2023. Revenue surged 225% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.5M, a strong 61% operating margin.

Mission

To engage in philanthropic activities to support the mission and purposes of The Miriam Hospital (TMH), which are delivering health with care.

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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 $7,655,111

Program Service Revenue $0

Investment Income $6,392,827

Other Revenue $-208,624

TOTAL REVENUE $13,839,314

Expense Breakdown

Grants Paid $3,976,550

Salaries & Benefits $0

Fundraising Expenses $1,341,164

Program Expenses $3,976,550

Other Expenses $1,369,779

TOTAL EXPENSES $5,346,329

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,839,314	$4,258,523	+2.2%
Expenses	$5,346,329	$5,307,477	+0.0%
Net Income	$8,492,985	$-1,048,954	-9.1%

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

N/A

Volunteers

125

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

$1,865,561

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Peter K Markell	EVP & CFO	0.10	Officer	$0	$18,928	$1,212,570
Maria P Ducharme	President	2.00	Officer	$0	$129,757	$652,991
Arthur J Sampson	Fmr. President	0.00		$0	$0	$87,962
Gale Aronson	Trustee	1.00	Director	$0	$0	$0
Robert L Bahr MD	Trustee	1.00	Director	$0	$0	$0
Susan Bazar	Trustee- 12/23	1.00	Director	$0	$0	$0
Joseph Brito Jr	Trustee	0.10	Director	$0	$0	$0
Gary Bubly MD	Trustee	0.10	Director	$0	$0	$0
E Colby Cameron Esq	Trustee	0.05	Director	$0	$0	$0
Sherry S Cohen	Trustee	1.00	Director	$0	$0	$0
Grace Dugan	Trustee	0.05	Director	$0	$0	$0
Robin Engle	Trustee	0.05	Director	$0	$0	$0
Jonathon Fain	Trustee	0.08	Director	$0	$0	$0
Stuart Feldman	Trustee	1.00	Director	$0	$0	$0
Brett Gerstenblatt	Trustee	2.00	Director	$0	$0	$0
Almon Hall	Treasurer	1.00	Officer Director	$0	$0	$0
Steven J Issa	Vice Chair	2.00	Officer Director	$0	$0	$0
Deborah G Jaffe	Secretary	0.25	Officer Director	$0	$0	$0
Susan H Kaplan	Chair	6.00	Officer Director	$0	$0	$0
Bertram M Lederer	Trustee- 12/23	1.50	Director	$0	$0	$0
Marianne T Litwin	Trustee	1.00	Director	$0	$0	$0
Jamie Manville	Trustee	0.00	Director	$0	$0	$0
Marcus P Mitchell	Trustee	4.00	Director	$0	$0	$0
Joseph Perroni	Trustee	0.10	Director	$0	$0	$0
Michael Prescott	Trustee	0.10	Director	$0	$0	$0
Carolyn Roberts	Trustee	0.10	Director	$0	$0	$0
James V Rosati	Trustee	0.25	Director	$0	$0	$0
Lawrence B Sadwin	Trustee- 12/23	1.00	Director	$0	$0	$0
Fred J Schiffman MD	Trustee	2.00	Director	$0	$0	$0
Sheri Sweitzer	Trustee	3.00	Director	$0	$0	$0
William C Tsonos	Trustee	0.10	Director	$0	$0	$0
Matthew P Vrees MD	Trustee	1.00	Director	$0	$0	$0
Edward J Wing MD	Trustee	0.33	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	$13,839,314	$5,346,329	$78,825,882	$8,492,985
2023	$4,258,523	$5,307,477	$64,719,747	$-1,048,954
2022	$3,484,075	$6,540,493	$62,680,130	$-3,056,418
2021	$8,929,843	$4,287,832	$73,197,899	$4,642,011
2020	$4,654,359	$4,579,412	$60,789,877	$74,947
2019	$4,887,211	$4,347,674	$58,479,483	$539,537
2018	$4,924,253	$4,458,266	$59,241,247	$465,987

The Miriam Hospital Foundation