NORTHWELL HEALTHCARE INC (EIN 112965586) - 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

1990

Legal Domicile

Principal Officer

MICHAEL J DOWLING

Phone

5163216058

Tax Period

2024-01-01 to 2024-12-31

NORTHWELL HEALTHCARE INC, founded in 1990, is a large national nonprofit in the Health Care sector that reported $2.7B in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.6B left a modest 4% surplus.

Mission

Northwell Healthcare, Inc. provides ADVISORY AND ADMINISTRATIVE support services to affiliated health care organizations within Northwell Health.

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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 (2024)

Revenue Breakdown

Contributions & Grants $639,255

Program Service Revenue $2,602,167,510

Investment Income $76,713,600

Other Revenue $6,539,556

TOTAL REVENUE $2,686,059,921

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,389,063,552

Fundraising Expenses $0

Program Expenses $2,335,518,870

Other Expenses $1,179,267,629

TOTAL EXPENSES $2,568,331,181

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,686,059,921	$2,459,986,464	+0.1%
Expenses	$2,568,331,181	$2,189,133,342	+0.2%
Net Income	$117,728,740	$270,853,122	-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

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

10854

Volunteers

N/A

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

$24,363,798

Total Directors

$7,335,053

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL DOWLING	President & CEO	50.0	Officer Director	$5,867,706	$75,656	$5,943,362
MARK SOLAZZO	Pres, Strategic Initiatives &	50.0	Officer	$3,747,876	$68,435	$3,816,311
MICHELE CUSACK	EVP & CFO	50.0	Officer	$1,904,871	$85,322	$1,990,193
DAVID BATTINELLI	EVP & Physician in Chief	50.0	Officer	$1,809,811	$85,392	$1,895,203
DEBORAH SCHIFF	EVP, Amb Strategy & Bus Dvlp	50.0	Highest	$1,784,891	$69,777	$1,854,668
JOSEPH MOSCOLA	EVP, Enterprise Services	50.0	Officer	$1,718,437	$57,376	$1,775,813
JASON NAIDICH	SVP, Chief Learning & Innovati	50.0	Highest	$1,615,888	$85,392	$1,701,280
LAURENCE KRAEMER	EVP, Gen Coun, CLO & Asst Sec	50.0	Officer	$1,607,684	$69,777	$1,677,461
JEFFREY KRAUT	EVP Strategy	50.0	Officer	$1,596,503	$70,806	$1,667,309
JILL KALMAN	EVP, CMO & Deputy Physician-in	50.0	Highest	$1,583,993	$69,777	$1,653,770
KEVIN BEINER	EVP/President, Western Market	50.0	Highest	$1,577,175	$54,164	$1,631,339
JOHN D'ANGELO	EVP/President, Central Market	50.0	Highest	$1,545,078	$85,392	$1,630,470
DONNA DRUMMOND	SVP & Chf Expense Officer	50.0	Officer	$1,234,114	$68,023	$1,302,137
KONSTANTINE COSTALAS	SVP, Managed Care	50.0	Officer	$1,155,218	$85,322	$1,240,540
MARK GLOADE	SVP, Dep Gen Coun, Dep CLO & A	50.0	Officer	$1,084,683	$85,322	$1,170,005
RALPH NAPPI	EVC	50.0	Officer Director	$997,705	$69,731	$1,067,436
HARRY GINDI	Assistant Secretary	50.0	Officer	$424,042	$69,731	$493,773
MARK CLASTER	Vice Chairman	2.0	Officer Director	$324,255	$0	$324,255
MARGARET CROTTY	Chairman	3.0	Officer Director	$0	$0	$0
MICHAEL EPSTEIN	Immediate Past Chairman	2.0	Officer Director	$0	$0	$0
RICHARD GOLDSTEIN	Vice Chairman	2.0	Officer Director	$0	$0	$0
WILLIAM MACK	Vice Chairman	2.0	Officer Director	$0	$0	$0
BARRY RUBENSTEIN	Vice Chairman	2.0	Officer Director	$0	$0	$0
ROBERT ROSENTHAL	Treasurer	2.0	Officer Director	$0	$0	$0
DONALD ZUCKER	Secretary	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	$2,686,059,921	$2,568,331,181	$8,486,526,674	$117,728,740
2023	$2,459,986,464	$2,189,133,342	$6,722,693,502	$270,853,122
2022	$2,049,436,022	$2,050,230,893	$4,370,640,028	$-794,871
2021	$2,322,381,351	$1,979,052,567	$4,743,413,789	$343,328,784
2020	$1,786,239,226	$1,784,913,235	$4,009,743,316	$1,325,991
2019	$1,648,561,404	$1,692,069,928	$3,352,498,467	$-43,508,524
2018	$1,587,832,266	$1,425,792,372	$2,557,524,622	$162,039,894

NORTHWELL HEALTHCARE INC