NORTH SHORE UNIVERSITY HOSPITAL C/… - 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

1955

Legal Domicile

Principal Officer

MICHAEL J DOWLING

Phone

5163216058

Tax Period

2023-01-01 to 2023-12-31

NORTH SHORE UNIVERSITY HOSPITAL C/O NORTHWELL HEALTH INC, founded in 1955, is a large national nonprofit in the Health Care sector that reported $3.7B in total revenue in fiscal year 2023.

Mission

NORTH SHORE UNIVERSITY HOSPITAL IS PART OF NORTHWELL HEALTH ("NORTHWELL"), WHICH STRIVES TO IMPROVE THE HEALTH OF THE COMMUNITIES IT SERVES AND IS COMMITTED TO PROVIDING THE HIGHEST QUALITY CLINICAL CARE; EDUCATING THE CURRENT AND FUTURE GENERATIONS OF HEALTHCARE PROFESSIONALS; SEARCHING FOR NEW ADVANCES IN MEDICINE THROUGH THE CONDUCT OF BIOMEDICAL RESEARCH; PROMOTING HEALTH EDUCATION; AND CARING FOR THE ENTIRE COMMUNITY REGARDLESS OF THE ABILITY TO PAY.

Program Service Accomplishments

Program 1

Expenses: $1,399,043,025 Revenue: $2,113,128,354

NORTH SHORE UNIVERSITY HOSPITAL ("NSUH")IS A QUATERNARY CARE TEACHING HOSPITAL THAT SERVES AS THE CLINICAL CAMPUS FOR The Donald and Barbara Zucker School of Medicine at Hofstra/Northwell. NSUH...

NORTH SHORE UNIVERSITY HOSPITAL ("NSUH")IS A QUATERNARY CARE TEACHING HOSPITAL THAT SERVES AS THE CLINICAL CAMPUS FOR The Donald and Barbara Zucker School of Medicine at Hofstra/Northwell. NSUH offers care in all Medical and Surgical Specialties including cardiovascular services, cancer care, orthopedics, maternal fetal medicine, women's health services and a major transplant program for heart, liver and kidney. The campus is home to the Feinstein Institutes for Medical Research. In 2023, NSUH had 44,211 inpatient discharges, delivered 5,643 babies, provided 73,530 emergency department visits and performed 22,287 ambulatory surgeries, including endoscopies and outpatient catheterizations.

Program 2

Expenses: $1,154,585,187 Revenue: $612,736,276

NSUH Faculty Practice is an affiliated member of the Northwell Health ("Northwell") and part of Northwell's medical group and ambulatory lines of service. It strives to make a measurable difference in the health status of the communities it serves by providing comprehensive health care regardless of ability to pay.

Program 3

Expenses: $134,000,500 Revenue: $153,574,022

Syosset Hospital, a division of NSUH, is a community hospital that maintains a 911 response Emergency Department and inpatient services, including an intensive care unit, and telemetry unit, which...

Syosset Hospital, a division of NSUH, is a community hospital that maintains a 911 response Emergency Department and inpatient services, including an intensive care unit, and telemetry unit, which serves as a surgical step-down unit. In 2023, the hospital had 4,083 inpatient discharges, provided 15,574 Emergency Department visits and performed 6,009 ambulatory surgeries.

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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 $50,257,030

Program Service Revenue $3,214,916,413

Investment Income $23,337,313

Other Revenue $405,068,793

TOTAL REVENUE $3,693,579,549

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,244,068,369

Fundraising Expenses $6,704,898

Program Expenses $3,068,503,001

Other Expenses $1,366,324,641

TOTAL EXPENSES $3,610,393,010

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,693,579,549	$3,476,316,509	+0.1%
Expenses	$3,610,393,010	$3,402,576,700	+0.1%
Net Income	$83,186,539	$73,739,809	+0.1%

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

17848

Volunteers

413

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

$28,923,285

Total Directors

$10,403,676

Key Employees

$1,154,895

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL DOWLING	President & CEO	0.0	Officer Director	$0	$70,612	$9,042,544
JESSICA JACOB MD	Physician	50.0	Highest	$3,668,824	$64,637	$3,733,461
MARK SOLAZZO	Pres, Strategic Initiatives &	0.0	Officer	$0	$63,855	$3,710,066
DANIEL SCIUBBA MD	SVP of Neurosurgery	50.0	Highest	$2,775,454	$78,507	$2,853,961
ALAN HARTMAN MD	SVP/ED Cardiothoracic Svcs	50.0	Highest	$2,659,336	$64,679	$2,724,015
JEFFREY SPIVAK MD	Cardiologist	50.0	Highest	$2,254,838	$78,507	$2,333,345
JAMES TAYLOR MD	Dir, Cardiovascular Surgery	50.0	Highest	$2,195,633	$64,679	$2,260,312
DAVID BATTINELLI	EVP & Physician in Chief	0.0	Officer	$0	$78,569	$1,814,841
MICHELE CUSACK	EVP & CFO	0.0	Officer	$0	$78,507	$1,696,458
JOSEPH MOSCOLA	EVP, Enterprise Services	0.0	Officer	$0	$50,769	$1,651,192
JEFFREY KRAUT	EVP Strategy	0.0	Officer	$0	$64,879	$1,534,296
EUGENE TANGNEY	SVP & Chf Bus Continuity & Cri	0.0	Officer	$0	$78,507	$1,451,043
RICHARD MILLER	EVP & Chf Business Strategy Of	0.0	Officer	$0	$63,119	$1,401,009
LAURENCE KRAEMER	EVP, Gen Coun, CLO & Asst Sec	0.0	Officer	$0	$69,888	$1,372,753
DONNA DRUMMOND	SVP & Chf Expense Officer	0.0	Officer	$0	$63,119	$1,217,650
KONSTANTINE COSTALAS	SVP, Managed Care	0.0	Officer	$0	$78,507	$1,177,868
JON SENDACH	Executive Director MANHA	50.0	Key Emp	$1,104,885	$50,010	$1,154,895
RALPH NAPPI	EVC	0.0	Officer Director	$0	$64,637	$1,036,826
MARK GLOADE	SVP, Dep Gen Coun, Dep CLO & A	0.0	Officer	$0	$78,507	$1,022,226
HARRY GINDI	Assistant Secretary	0.0	Officer	$0	$64,637	$470,207
MARK CLASTER	Vice Chairman	0.0	Officer Director	$0	$0	$324,306
MICHAEL EPSTEIN	Chairman	0.0	Officer Director	$0	$0	$0
MARGARET CROTTY	Immediate Past Chairman	0.0	Officer Director	$0	$0	$0
RICHARD GOLDSTEIN	Vice Chairman	0.0	Officer Director	$0	$0	$0
WILLIAM MACK	Vice Chairman	0.0	Officer Director	$0	$0	$0
BARRY RUBENSTEIN	Vice Chairman	0.0	Officer Director	$0	$0	$0
ROBERT ROSENTHAL	Treasurer	0.0	Officer Director	$0	$0	$0
DONALD ZUCKER	Secretary	0.0	Officer Director	$0	$0	$0
NON COMPENSATED TRUSTEES	SEE SCHEDULE O	0.0	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	No data	No data	No data	No data
2023	$3,693,579,549	$3,610,393,010	$3,510,736,729	$83,186,539
2022	$3,476,316,509	$3,402,576,700	$3,422,363,326	$73,739,809
2022	$3,476,316,509	$3,402,576,700	$3,422,363,326	$73,739,809
2021	$3,319,474,205	$3,153,787,513	$3,132,156,833	$165,686,692
2020	$3,142,741,610	$3,077,847,715	$2,910,042,240	$64,893,895
2019	$3,037,673,867	$2,926,764,316	$2,551,717,986	$110,909,551
2018	$2,734,652,133	$2,620,775,090	$2,244,475,506	$113,877,043

NORTH SHORE UNIVERSITY HOSPITAL C/O NORTHWELL HEALTH INC