John T Mather Memorial 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

1928

Legal Domicile

Principal Officer

MICHAEL J DOWLING

Phone

5163216058

Tax Period

2023-01-01 to 2023-12-31

John T Mather Memorial Hospital C/O NORTHWELL HEALTH INC, founded in 1928, is a major nonprofit in the Health Care sector that reported $436.7M in total revenue in fiscal year 2023.

Mission

John T. Mather Memorial Hospital ("Mather") is a non-profit community hospital that is part of Northwell Health. Mather 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; promoting health education; and caring for the entire community regardless of ability to pay.

Program Service Accomplishments

Program 1

Expenses: $338,287,133 Revenue: $405,415,081

A member of Northwell Health, Inc, John T. Mather Memorial Hospital, provides quality medical care regardless of race, creed, sex, national origin, handicap, age or ability to pay. Although...

A member of Northwell Health, Inc, John T. Mather Memorial Hospital, provides quality medical care regardless of race, creed, sex, national origin, handicap, age or ability to pay. Although reimbursement for services is critical to the operation of the Hospital, it is recognized not all individuals possess the ability to purchase essential medical services. In keeping with the Hospital's commitment to serve all members of the community, free and or subsidized care is provided to the indigent, care is provided to persons covered by government programs at below cost and numerous health related education and support services are offered to the community at large.

Program 2

Expenses: $18,648,999 Revenue: $21,283,881

Mather's Faculty Practice is an affiliated member of 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: $1,000

TO PROMOTE AND ENCOURAGE COMMUNITY SERVICE, JOHN T. MATHER MEMORIAL HOSPITAL INC. PROVIDES SCHOLARSHIP GRANTS TO COLLEGE BOUND JUNIOR VOLUNTEERS.

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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 $193,795

Program Service Revenue $426,698,962

Investment Income $7,129,761

Other Revenue $2,716,969

TOTAL REVENUE $436,739,487

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $273,037,474

Fundraising Expenses $0

Program Expenses $356,937,132

Other Expenses $158,621,818

TOTAL EXPENSES $431,660,292

Year-over-Year Comparison

	2023	2022	Change
Revenue	$436,739,487	$424,550,338	+0.0%
Expenses	$431,660,292	$406,098,952	+0.1%
Net Income	$5,079,195	$18,451,386	-0.7%

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

3006

Volunteers

206

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

$920,159

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
MARK SOLAZZO	Pres, Strategic Initiatives &	0.0	Officer	$0	$63,855	$3,710,066
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
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
KEVIN MCGEACHY	Executive Director	0.0	Key Emp	$0	$78,507	$920,159
MOHAMMAD BILAL	Physician, Critical Care	50.0	Highest	$685,924	$36,400	$722,324
SYED HUSSAINI	Physician, Psych	50.0	Highest	$632,638	$62,981	$695,619
KENNY LIEN	Physician, Radiology	50.0	Highest	$606,369	$62,981	$669,350
MICHELLE P PRICE	Physician, Radiology	50.0	Highest	$588,283	$61,691	$649,974
JOSEPH NG	Physician, Radiology	50.0	Highest	$582,287	$62,981	$645,268
HARRY GINDI	Assistant Secretary	0.0	Officer	$0	$64,637	$470,207
MARK CLASTER	Vice Chairman	0.0	Officer Director	$0	$0	$324,306
MARGARET CROTTY	Chairman	0.0	Officer Director	$0	$0	$0
MICHAEL EPSTEIN	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	$436,739,487	$431,660,292	$384,659,826	$5,079,195
2022	$424,550,338	$406,098,952	$378,825,830	$18,451,386
2021	$415,034,558	$392,551,579	$403,615,479	$22,482,979
2020	$384,898,895	$395,568,948	$379,916,271	$-10,670,053
2019	$368,383,378	$373,114,185	$300,177,377	$-4,730,807
2018	$371,543,931	$364,939,821	$278,158,871	$6,604,110

John T Mather Memorial Hospital C/O NORTHWELL HEALTH INC