ST FRANCIS HOSPITAL

EIN: 112050523 501(c)(3) Health Care

ROSLYN, NY

Total Revenue
$960,215,027
Total Expenses
$911,251,909
Total Assets
$1,844,802,164
Net Assets
$1,338,394,232
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1922
Legal Domicile
NY
Principal Officer
PATRICK O'SHAUGHNESSY DO
Phone
5165626000
Tax Period
2023-01-01 to 2023-12-31

ST FRANCIS HOSPITAL, founded in 1922, is a major nonprofit in the Health Care sector that reported $960.2M in total revenue in fiscal year 2023. Expenses of $911.3M left a modest 5% surplus.

Mission

WE, AT CH, HUMBLY JOIN TOGETHER TO BRING CHRIST'S HEALING MISSION AND THE MISSION OF MERCY OF THE CATHOLIC CHURCH EXPRESSED IN CATHOLIC HEALTH CARE TO OUR COMMUNITIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $13,438,375
Program Service Revenue $899,163,131
Investment Income $37,422,100
Other Revenue $10,191,421
TOTAL REVENUE $960,215,027

Expense Breakdown

Grants Paid $6,088,663
Salaries & Benefits $366,712,963
Fundraising Expenses $0
Program Expenses $804,593,178
Other Expenses $538,450,283
TOTAL EXPENSES $911,251,909

Year-over-Year Comparison

2023 2022 Change
Revenue $960,215,027 $969,845,898 0.0%
Expenses $911,251,909 $860,471,717 +0.1%
Net Income $48,963,118 $109,374,181 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
19
Employees
4813
Volunteers
130

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
7
$9,135,601
Total Directors
20
$4,648,566
Key Employees
3
$10,137,296
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD SHLOFMITZ MD CHAIRMAN CARDIOLOGY 50.0
Key Emp
$8,443,103 $80,310 $8,523,413
JOSEPH LEVINE CHIEF ELECTROPHYSIOLOGY 50.0
Highest
$6,731,509 $76,123 $6,807,632
PATRICK O'SHAUGHNESSY DO PRESIDENT & CEO 50.0
Officer Director
$0 $1,470,892 $4,648,566
NEWELL ROBINSON MD CHAIR CT & VASCULAR SURGERY 50.0
Highest
$2,663,040 $60,711 $2,723,751
CHARLES LUCORE PRESIDENT/CAO 50.0
Officer
$2,210,463 $347,907 $2,558,370
GEORGE PETROSSIAN MD PHYSICIAN/DIR INTER CARDIOVASC 50.0
Highest
$2,402,732 $59,073 $2,461,805
ALBERT DIMEO PHYSICIAN 50.0
Highest
$2,184,955 $73,569 $2,258,524
ZIAD ALI MD PHYSICIAN 50.0
Highest
$1,994,170 $71,385 $2,065,555
PATRICK MINICUS EVP & CFO 50.0
Officer
$0 $708,505 $1,928,665
RUTH HENNESSEY FORMER CAO 0.0
$0 $293,450 $1,387,512
SAM-YOUNG CHWE SVP COO 50.0
Key Emp
$813,634 $69,108 $882,742
RONALD GULOTTA MD CMO 50.0
Key Emp
$659,667 $71,474 $731,141
SALVATORE SODANO CHAIR 2.0
Officer Director
$0 $0 $0
BRIAN MCGUIRE VICE CHAIR 2.0
Officer Director
$0 $0 $0
THOMAS CHRISTMAN SECRETARY 2.0
Officer Director
$0 $0 $0
ROBERT ZUCCARO TREASURER 2.0
Officer Director
$0 $0 $0
JERRY BALENTINE DO TRUSTEE AS OF 01/2023 2.0
Director
$0 $0 $0
PETER DAGHER TRUSTEE AS OF 09/2023 2.0
Director
$0 $0 $0
REV LEE DESCOTEAUX TRUSTEE AS OF 01/2023 2.0
Director
$0 $0 $0
HON VITO DESTEFANO TRUSTEE AS OF 06/2023 2.0
Director
$0 $0 $0
RE JASON GRISAFI TRUSTEE AS OF 01/2023 2.0
Director
$0 $0 $0
JOSEPH MATTONE ESQ TRUSTEE AS OF 03/2023 2.0
Director
$0 $0 $0
SUSAN O'HARA RN TRUSTEE AS OF 03/2023 2.0
Director
$0 $0 $0
RONALD SHINDEL TRUSTEE AS OF 03/2023 2.0
Director
$0 $0 $0
WILLIAM WARD TRUSTEE 2.0
Director
$0 $0 $0
PETER QUICK TRUSTEE 2.0
Director
$0 $0 $0
DEBRA DEL VECCHIO TRUSTEE 2.0
Director
$0 $0 $0
REGINA PISCAZZI TRUSTEE 2.0
Director
$0 $0 $0
JOHN ROMANELLI MD TRUSTEE 2.0
Director
$0 $0 $0
ANDREW ZUCARO TRUSTEE 2.0
Director
$0 $0 $0
REV JOHN MCCARTNEY TRUSTEE 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 $960,215,027 $911,251,909 $1,844,802,164 $48,963,118
2022 $969,845,898 $860,471,717 $1,696,651,105 $109,374,181
2021 $944,137,253 $821,603,797 $1,754,281,371 $122,533,456
2020 $834,224,682 $825,918,296 $1,505,143,319 $8,306,386
2019 $868,766,076 $815,024,113 $1,306,003,016 $53,741,963
2018 $803,386,244 $728,308,479 $1,198,640,500 $75,077,765
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