GRIFFIN 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

1908

Legal Domicile

Principal Officer

PATRICK CHARMEL

Phone

2037327528

Tax Period

2023-10-01 to 2024-09-30

GRIFFIN HOSPITAL, founded in 1908, is a major nonprofit in the Health Care sector that reported $268.3M in total revenue in fiscal year 2023.

Mission

GRIFFIN HOSPITAL IS COMMITTED TO PROVIDING PERSONALIZED, HUMANISTIC, CONSUMER-DRIVEN HEALTH CARE IN A HEALING ENVIRONMENT, TO EMPOWERING INDIVIDUALS TO BE ACTIVELY INVOLVED IN DECISIONS AFFECTING THEIR CARE AND WELL-BEING THROUGH ACCESS TO INFORMATION AND EDUCATION. (SCH. O)GRIFFIN HOSPITAL IS ALSO COMMITTED TO PROVIDING LEADERSHIP TO IMPROVE THE HEALTH OF THE COMMUNITY WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $239,384,457 Revenue: $242,654,866

GRIFFIN HOSPITAL IS AN ACUTE CARE HOSPITAL PROVIDING MEDICAL CARE TO PATIENTS IN COMMUNITIES SERVED, INCLUDING SUBSIDIZED CARE, CHARITY CARE, AND EDUCATIONAL SERVICES TO HEALTH PROFESSIONALS TO HELP...

Program 2

Expenses: $4,277,116 Revenue: $3,999,171

PROVIDE PSYCHIATRIC SERVICES TO THE COMMUNITY ON AN OUTPATIENT BASIS.

Program 3

Expenses: $1,776,267 Revenue: $7,256,712

PROVIDE CANCER RELATED RADIOLOGY SERVICES TO THE 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 $4,658,853

Program Service Revenue $257,235,330

Investment Income $1,898,742

Other Revenue $4,555,001

TOTAL REVENUE $268,347,926

Expense Breakdown

Grants Paid $647,087

Salaries & Benefits $130,575,647

Fundraising Expenses $0

Program Expenses $245,612,605

Other Expenses $161,834,484

TOTAL EXPENSES $293,057,218

Year-over-Year Comparison

	2023	2022	Change
Revenue	$268,347,926	$260,493,264	+0.0%
Expenses	$293,057,218	$243,747,183	+0.2%
Net Income	$-24,709,292	$16,746,081	-2.5%

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

2354

Volunteers

160

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

$1,488,335

Total Directors

$2,412,397

Key Employees

$895,231

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN W BETKOWSKI III	TRUSTEE	0.23	Director	$0	$0	$0
ROBERT G REISS	TRUSTEE	0.23	Director	$0	$0	$0
PHILLIP WHITE	CHAIRMAN	0.23	Officer Director	$0	$0	$0
PATRICK A CHARMEL	CEO/PRESIDENT, BOD SECRETARY	45.00	Officer Director	$969,626	$40,515	$1,010,141
NANCY DINARDO	TRUSTEE	0.23	Director	$0	$0	$0
MARK PETERSON	TRUSTEE	0.23	Director	$0	$0	$0
MARIA DAWE MD	TRUSTEE/PHYSICIAN	40.00	Director	$462,035	$41,485	$503,520
LAURA MARASCO	TRUSTEE	0.23	Director	$0	$0	$0
KENNETH BALDYGA	TRUSTEE	0.23	Director	$0	$0	$0
JOSEPH SOKOL MD	TRUSTEE	0.23	Director	$0	$0	$0
JOSEPH ANDREANA	TRUSTEE	0.23	Director	$0	$0	$0
THEMIS KLARIDES	TRUSTEE	0.23	Director	$0	$0	$0
JOHN J ZAPRZALKA	TRUSTEE	0.23	Director	$0	$0	$0
JAMES TICKEY	TRUSTEE	0.23	Director	$0	$0	$0
DONNA DIGIANVITTORIO	TRUSTEE (TILL 1/1/24)	0.23	Director	$0	$0	$0
EDWARD J MCCREERY III ESQ	TRUSTEE (TILL 1/1/24)	0.23	Director	$0	$0	$0
JEAN CRUM JONES MPH RD	TRUSTEE	0.23	Director	$0	$0	$0
FREDERICK BROWNE MD	TRUSTEE	0.23	Director	$0	$47,176	$500,391
GEORGE MITCHELL JR	TRUSTEE	0.23	Director	$0	$0	$0
GEORGE S LOGAN	TRUSTEE	0.23	Director	$0	$0	$0
GERALD T WEINER ESQ	TRUSTEE	0.23	Director	$0	$0	$0
FREDERICK STANEK ESQ	TRUSTEE	0.23	Director	$0	$0	$0
ROMAN SPIVAK MD	TRUSTEE	0.23	Director	$0	$30,839	$398,345
ALEXANDER S BALKO	CFO/VP FINANCE	40.00	Officer	$435,982	$42,212	$478,194
RICHARD DAIGLE	CHIEF INFORMATION OFFICER	40.00	Key Emp	$290,583	$8,612	$299,195
TODD LIU	CHIEF OPERATING OFFICER/EVP	40.00	Key Emp	$288,101	$40,074	$328,175
STEPHEN MORDECAI	CHIEF HUMAN RESOURCE OFFICER	40.00	Key Emp	$227,562	$40,299	$267,861
KIMBERLEE E RICHARD	VP	40.00	Highest	$297,051	$8,846	$305,897
MIHAELA BORAN MD	PHYSICIAN	40.00	Highest	$231,191	$39,617	$270,808
KAREN O'FLYNN MD	DIRECTOR	40.00	Highest	$400,685	$41,888	$442,573
MYRA ODENWAELDER	VP	40.00	Highest	$213,090	$39,578	$252,668
ADAM DWORKIN	VP	40.00	Highest	$193,293	$35,836	$229,129

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	$268,347,926	$293,057,218	$209,250,162	$-24,709,292
2023	$260,493,264	$243,747,183	$207,215,998	$16,746,081
2022	$269,025,587	$251,531,505	$206,068,001	$17,494,082
2021	$272,075,473	$243,389,089	$218,973,633	$28,686,384
2020	$208,638,894	$195,522,569	$197,418,922	$13,116,325
2019	$203,550,378	$193,983,136	$139,438,211	$9,567,242
2018	$202,050,770	$186,077,193	$134,612,629	$15,973,577