Huntington Hospital Association 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

1916

Legal Domicile

Principal Officer

MICHAEL J DOWLING

Phone

5163216058

Tax Period

2023-01-01 to 2023-12-31

Huntington Hospital Association C/O NORTHWELL HEALTH INC, founded in 1916, is a major nonprofit in the Health Care sector that reported $722.9M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $672.3M left a modest 7% surplus.

Mission

HUNTINGTON HOSPITAL ASSOCIATION'S ("HOSPITAL") MISSION IS TO PROVIDE A FULL RANGE OF INPATIENT, OUTPATIENT AND SPECIALIZED HEALTHCARE SERVICES, REGARDLESS OF A PATIENT'S ABILITY TO PAY, WITHIN AN ENVIRONMENT NURTURED BY RESPECT AND SAFETY. THE HOSPITAL IS COMMITTED TO GIVING ITS PATIENTS HIGH QUALITY AND TECHNOLOGICALLY ADVANCED CARE BY COMPETENT PROFESSIONALS IN ORDER TO MAINTAIN AND IMPROVE THE HEALTH AND WELL-BEING OF THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $418,834,932 Revenue: $545,709,973

A member of Northwell Health, Inc., Huntington Hospital is a community hospital, with the following inpatient services; medical/surgical, pediatrics, intensive and critical care, maternity, Level II Perinatal service and psychiatry. The Hospital is a NYS Department of Health Designated Stroke Center. In 2023, the Hospital had 19,274 inpatient discharges, delivered 1,828 babies, provided 56,744 Emergency Department visits and performed 8,389 ambulatory surgeries, including endoscopies and outpatient cardiac catheterizations.

Program 2

Expenses: $169,942,428 Revenue: $142,526,759

Huntington Hospital Association IS AN AFFILIATED MEMBER OF NORTHWELL HEALTH, INC. ("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.

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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 $6,353,079

Program Service Revenue $688,236,732

Investment Income $14,890,107

Other Revenue $13,435,498

TOTAL REVENUE $722,915,416

Expense Breakdown

Grants Paid $0

Salaries & Benefits $420,063,288

Fundraising Expenses $275,659

Program Expenses $588,777,360

Other Expenses $252,223,464

TOTAL EXPENSES $672,286,752

Year-over-Year Comparison

	2023	2022	Change
Revenue	$722,915,416	$641,216,866	+0.1%
Expenses	$672,286,752	$615,461,678	+0.1%
Net Income	$50,628,664	$25,755,188	+1.0%

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

3429

Volunteers

171

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

$933,698

Total Directors

$3,357,041

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID RIVADENEIRA MD	Dir, Colorectal Surgery	50.0	Highest	$1,991,886	$78,569	$2,070,455
LAWRENCE GLASSMAN MD	Reg Dir, Thoracic Surgery	50.0	Highest	$1,538,090	$78,569	$1,616,659
GABRIEL SAN ROMAN MD	Dir, Bus Dev, Rep Endocrinolog	50.0	Highest	$1,541,751	$64,679	$1,606,430
JOHN WAGNER MD	Co-Dir, Gynecologic Min Inv Su	50.0	Highest	$1,516,124	$63,481	$1,579,605
ROBERT TRASOLINI MD	Chair, Orthopaedic Surgery	50.0	Highest	$1,345,843	$62,053	$1,407,896
DAVID PUROW	Trustee/SVP & CMO	50.0	Director	$926,694	$78,569	$1,005,263
NICK FITTERMAN	Executive Director	50.0	Officer Director	$855,191	$78,507	$933,698
PAUL MACCARO	Trustee/VP Physician Relations	50.0	Director	$656,834	$77,929	$734,763
JEAN CACCIABAUDO	Trustee/Med Dir	50.0	Director	$604,810	$78,507	$683,317
CLIFFORD FRIEDMAN	Chairman	3.0	Officer Director	$0	$0	$0
KEITH FRIEDLANDER	Immediate Past Chairman	2.0	Officer Director	$0	$0	$0
MICHAEL ABOFF	Vice Chairman	2.0	Officer Director	$0	$0	$0
THOMAS LEDERER	Vice Chairman/Secretary	2.0	Officer Director	$0	$0	$0
FRED BUCKHOLZ	Treasurer	2.0	Officer Director	$0	$0	$0
NON COMPENSATED TRUSTEES	SEE SCHEDULE O	2.0	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	$722,915,416	$672,286,752	$772,134,641	$50,628,664
2022	$641,216,866	$615,461,678	$674,871,932	$25,755,188
2021	$618,275,297	$566,609,472	$695,708,093	$51,665,825
2020	$528,771,370	$506,949,267	$622,587,474	$21,822,103
2019	$511,712,745	$487,419,754	$531,777,859	$24,292,991
2018	$454,415,374	$437,626,705	$478,880,524	$16,788,669

Huntington Hospital Association C/O NORTHWELL HEALTH INC