MOUNT SINAI REHABILITATION HOSPITA… - 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

1995

Legal Domicile

Principal Officer

VALERIE POWELL-STAFFORD

Phone

8607143500

Tax Period

2023-10-01 to 2024-09-30

MOUNT SINAI REHABILITATION HOSPITAL INC, founded in 1995, is a mid-sized nonprofit in the Health Care sector that reported $22.3M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Net assets of $45.9M represent 25 months of operating reserves.

Mission

WE, TRINITY HEALTH OF NEW ENGLAND AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES. MOUNT SINAI REHABILITATION HOSPITAL IS A MEMBER OF TRINITY HEALTH OF NEW ENGLAND AND TRINITY HEALTH.

Program Service Accomplishments

Program 1

Expenses: $19,626,048 Revenue: $21,925,337

MOUNT SINAI REHABILITATION HOSPITAL, A TRINITY HEALTH OF NEW ENGLAND PROVIDER, IS DEDICATED TO SERVING THE PEOPLE OF SOUTHERN NEW ENGLAND WITH COMPREHENSIVE, WORLD-CLASS MEDICAL REHABILITATION. THE HOSPITAL HOSTS A NATIONALLY RECOGNIZED STAFF OF REHABILITATION SPECIALISTS IN PHYSIATRY; PHYSICAL, OCCUPATIONAL, AND RECREATIONAL THERAPY; SPEECH AND LANGUAGE PATHOLOGY; ORTHOPEDICS; OTOLARYNGOLOGY; UROLOGY; NEUROLOGY AND NEUROPSYCHOLOGY; SOCIAL WORK AND COUNSELING; AND PHARMACEUTICAL SCIENCES - ALL UNDER THE SAME ROOF. OUR EXPERTS OFFER REHABILITATION CARE FOR TRAUMATIC BRAIN INJURIES, AMPUTATIONS, NEUROLOGIC DISORDERS, MULTIPLE TRAUMA, COMPLICATED HIP FRACTURES, SPINAL CORD INJURIES, STROKES, COMPLEX ORTHOPEDIC ISSUES AND DECONDITIONING FROM PROLONGED HOSPITAL STAYS DUE TO HEART DISEASE, POST-SURGICAL AND MEDICAL COMPLICATIONS, AND ONCOLOGICAL CARE. ADDITIONALLY, THE HOSPITAL IS THE PROUD HOME TO THE JOYCE D. AND ANDREW J. MANDELL CENTER FOR COMPREHENSIVE MULTIPLE SCLEROSIS CARE AND NEUROSCIENCE RESEARCH, AN OUTPATIENT PROGRAM THAT BRINGS TOGETHER A FULL RANGE OF SERVICES FOR MS CARE THAT ENSURES A COORDINATED APPROACH TO HELPING PATIENTS MAINTAIN AND IMPROVE THEIR FUNCTION.PLEASE VISIT SCHEDULE H AND OUR WEBSITE FOR ADDITIONAL INFORMATION ABOUT SERVICES, RECOGNITIONS AND AWARDS: WWW.TRINITYHEALTHOFNE.ORG/LOCATION/MOUNT-SINAI-REHABILITATION-HOSPITAL-1

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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 $395,334

Program Service Revenue $21,633,323

Investment Income $0

Other Revenue $306,661

TOTAL REVENUE $22,335,318

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $15,635,272

Fundraising Expenses $0

Program Expenses $19,626,048

Other Expenses $7,776,782

TOTAL EXPENSES $23,414,054

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,335,318	$24,916,087	-0.1%
Expenses	$23,414,054	$23,194,015	+0.0%
Net Income	$-1,078,736	$1,722,072	-1.6%

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

$1,746,979

Total Directors

$3,175,253

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES SMITH	DIRECTOR; CHAIR THROUGH 12/23	1.00	Officer Director	$0	$0	$0
JOANN PRICE	DIR; V CHR THR 12/23; CHAIR AT 1/24	1.00	Officer Director	$0	$0	$0
WALTER HARRISON	DIRECTOR; VICE CHAIR AS OF 1/24	1.00	Officer Director	$0	$0	$0
MOST REV JUAN MIGUEL BETANCOURT	DIRECTOR	1.00	Director	$0	$0	$0
EMILY BROWER	DIRECTOR; TRINITY SVP CLINICAL INTG	1.00	Director	$0	$177,280	$961,884
MONTEZ CARTER	DIRECTOR; TH OF NE PRES/CEO	1.00	Director	$0	$270,752	$1,638,045
GREGORY DAVIS	DIRECTOR THROUGH 12/23	1.00	Director	$0	$0	$0
ROBERT GUMBARDO MD	DIRECTOR	1.00	Director	$0	$0	$0
AROSHA JAYAWICKREMA	DIRECTOR AS OF 1/24	1.00	Director	$0	$0	$0
JOHN KINNEY	DIRECTOR AS OF 1/24	1.00	Director	$0	$0	$0
KARL KRAPEK	DIRECTOR	1.00	Director	$0	$0	$0
NANCY KROEBER	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE MANDELL	DIRECTOR THROUGH 12/23	1.00	Director	$0	$0	$0
BARBARA MULLEN CSJ	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE SPATH MD	DIRECTOR, MEDICAL STAFF PRESIDENT	1.00	Director	$0	$52,055	$575,324
MICHELLE THEROUX	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS BURKE	SFHMC PRESIDENT THR 12/23	5.00	Officer	$0	$42,897	$850,868
VALERIE POWELL-STAFFORD	PRESIDENT,HARTFORD MARKET AS OF 6/24	4.00	Officer	$0	$0	$0
ROBERT ANTHONY	SECRETARY; VP MANAGING COUNSEL	1.00	Officer	$0	$124,357	$769,952
SEAN FITZPATRICKPD BY MGMT CO	TREAS; INTERIM REG CFO AS OF 10/23	1.00	Officer	$0	$0	$0
SHERI LEMIEUX	ASST SEC; ASST TO TH OF NE PRES/CEO	1.00	Officer	$0	$16,181	$126,159
SONIA MILLER	REGISTERED NURSE	40.00	Highest	$0	$9,900	$379,541
CHIQUANA ALLMAN	REGISTERED NURSE	40.00	Highest	$0	$4,991	$147,585
STEVEN KUNSMAN	EXECUTIVE DIRECTOR	40.00	Highest	$0	$53,002	$251,558
ANNE-MARIE ALCIDE	REGISTERED NURSE	40.00	Highest	$0	$14,719	$174,021
LETITIA MARINO	REGISTERED NURSE	40.00	Highest	$0	$41,567	$173,902
DAVID BITTNER	FORMER OFFICER	0.00		$0	$571,302	$1,263,682
MICHAEL GREY MD	FORMER KE; SFHMC CHAIR OF MEDICINE	0.00		$0	$18,533	$416,934
JENNIFER SCHNEIDER	FORMER OFFICER	0.00		$0	$388,340	$966,813
KAREN PRIOR-TOPALIS	FORMER HIGHEST COMPENSATED	0.00		$0	$3,614	$147,914

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	$22,335,318	$23,414,054	$47,500,224	$-1,078,736
2023	$24,916,087	$23,194,015	$48,711,091	$1,722,072
2022	$25,180,169	$26,525,893	$49,608,215	$-1,345,724
2021	$30,480,611	$25,818,666	$56,081,017	$4,661,945
2020	$29,160,422	$26,601,311	$86,840,374	$2,559,111
2019	$29,176,118	$25,938,656	$61,785,394	$3,237,462
2018	$35,964,670	$28,248,366	$43,112,822	$7,716,304

MOUNT SINAI REHABILITATION HOSPITAL INC