CATHOLIC HEALTH SYSTEM OF LONG ISLAND (EIN 113403968) - 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

1997

Legal Domicile

Principal Officer

PATRICK O'SHAUGHNESSY DO

Phone

5167053700

Tax Period

2023-01-01 to 2023-12-31

CATHOLIC HEALTH SYSTEM OF LONG ISLAND, founded in 1997, is a major nonprofit that reported $121.5M in total revenue in fiscal year 2023. Revenue surged 175% from the prior year, signaling strong growth momentum. The organization ran a surplus of $82.2M, a strong 68% operating margin.

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $79,643,169

Program Service Revenue $36,376,383

Investment Income $5,529,079

Other Revenue $-1,000

TOTAL REVENUE $121,547,631

Expense Breakdown

Grants Paid $1,297,000

Salaries & Benefits $18,885,663

Fundraising Expenses $0

Program Expenses $32,487,083

Other Expenses $19,179,417

TOTAL EXPENSES $39,362,080

Year-over-Year Comparison

	2023	2022	Change
Revenue	$121,547,631	$44,235,210	+1.7%
Expenses	$39,362,080	$44,167,052	-0.1%
Net Income	$82,185,551	$68,158	+1204.8%

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

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

$6,577,231

Total Directors

$4,648,566

Key Employees

$2,405,981

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK O'SHAUGHNESSY	PRESIDENT & CEO	50.0	Officer Director	$3,177,674	$1,470,892	$4,648,566
TRACY MILLER	EVP & GENERAL COUNSEL	50.0	Highest	$1,014,644	$2,008,212	$3,022,856
DENNIS VERZI	EVP & COO	50.0	Key Emp	$1,839,485	$566,496	$2,405,981
PATRICK MINICUS	EVP & CFO	50.0	Officer	$1,220,160	$708,505	$1,928,665
JOSEPH LAMANTIA	EVP CHIEF TRANSFORMATION OFFCR	50.0	Highest	$1,172,337	$399,324	$1,571,661
ANTHONY PELLICANO	SVP CHIEF HR OFFICER	50.0	Highest	$1,266,411	$235,036	$1,501,447
MICHAEL MAINIERO	SVP & CHIEF DIG. INFORM. OFFCR	50.0	Highest	$1,047,618	$400,825	$1,448,443
JASON GOLBIN DO	EVP & CHIEF MED OFFICER	50.0	Highest	$1,059,008	$387,438	$1,446,446
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	$121,547,631	$39,362,080	$372,073,783	$82,185,551
2022	$44,235,210	$44,167,052	$381,417,659	$68,158
2021	$30,450,419	$36,115,736	$580,308,381	$-5,665,317
2020	$150,206,188	$81,044,732	$561,310,311	$69,161,456
2019	$97,596,624	$111,050,405	$92,422,615	$-13,453,781
2018	$51,258,900	$105,030,475	$115,935,311	$-53,771,575

CATHOLIC HEALTH SYSTEM OF LONG ISLAND