SOUTH SHORE UNIVERSITY HOSPITAL C/O NORTHWELL HEALTH INC (EIN 111667761) - Form 990 Financial Analysis & Trantor Score

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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

1975

Legal Domicile

Principal Officer

MICHAEL J DOWLING

Phone

5163216058

Tax Period

2023-01-01 to 2023-12-31

SOUTH SHORE UNIVERSITY HOSPITAL C/O NORTHWELL HEALTH INC, founded in 1975, is a large national nonprofit in the Health Care sector that reported $1.1B in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

South Shore strives to improve the health of the communities it serves and is committed to providing the highest quality clinical care and caring for the entire 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 $12,993,166

Program Service Revenue $1,034,237,641

Investment Income $1,245,331

Other Revenue $21,485,167

TOTAL REVENUE $1,069,961,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $639,939,457

Fundraising Expenses $621,528

Program Expenses $927,834,049

Other Expenses $400,420,484

TOTAL EXPENSES $1,040,359,941

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,069,961,305	$975,282,356	+0.1%
Expenses	$1,040,359,941	$962,159,627	+0.1%
Net Income	$29,601,364	$13,122,729	+1.3%

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

5106

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

$28,923,285

Total Directors

$10,403,676

Key Employees

$1,052,433

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
MICHAEL NETT MD	Chair, Orthopaedic Surgery	50.0	Highest	$2,149,650	$78,507	$2,228,157
ROBERT KALIMI MD	Chair, Cardiothoracic Surgery	50.0	Highest	$2,060,804	$76,228	$2,137,032
HAROLD FERNANDEZ MD	Dir, Cardiothoracic Surgery	50.0	Highest	$1,986,016	$78,569	$2,064,585
KEITH REINHARDT MD	Chf, Joint Rplcmnt&Recon	50.0	Highest	$1,816,935	$78,569	$1,895,504
JOHN GONCALVES MD	Sys Dir, Endvsclr Crdvsclr Srg	50.0	Highest	$1,768,259	$78,507	$1,846,766
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
DONNA MORAVICK	Executive Director	0.0	Key Emp	$0	$64,637	$1,052,433
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
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	$1,069,961,305	$1,040,359,941	$772,721,148	$29,601,364
2022	$975,282,356	$962,159,627	$705,080,282	$13,122,729
2022	$975,282,356	$962,159,627	$705,080,282	$13,122,729
2021	$912,117,622	$889,069,070	$608,138,331	$23,048,552
2020	$780,287,744	$790,096,175	$537,264,084	$-9,808,431
2019	$728,270,879	$718,675,282	$465,657,019	$9,595,597
2018	$637,061,014	$657,039,578	$403,688,970	$-19,978,564

SOUTH SHORE UNIVERSITY HOSPITAL C/O NORTHWELL HEALTH INC