NORTHWELL HEALTH LABORATORIES (EIN 113412370) - 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

MICHAEL J DOWLING

Phone

5163216058

Tax Period

2023-01-01 to 2023-12-31

NORTHWELL HEALTH LABORATORIES, founded in 1997, is a major nonprofit in the Health Care sector that reported $743.5M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $692.0M left a modest 7% surplus.

Mission

THE ORGANIZATION IS A CENTRAL MEDICAL LAB WITH SATELLITE LOCATIONS THAT PROVIDE LAB SERVICES FOR SYSTEM AFFILIATES AND FOR NASSAU, SUFFOLK, NYC & WESTCHESTER RESIDENTS.

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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 $2,180,452

Program Service Revenue $736,710,041

Investment Income $0

Other Revenue $4,639,332

TOTAL REVENUE $743,529,825

Expense Breakdown

Grants Paid $0

Salaries & Benefits $239,130,965

Fundraising Expenses $0

Program Expenses $604,951,833

Other Expenses $452,887,254

TOTAL EXPENSES $692,018,219

Year-over-Year Comparison

	2023	2022	Change
Revenue	$743,529,825	$791,938,202	-0.1%
Expenses	$692,018,219	$696,156,989	0.0%
Net Income	$51,511,606	$95,781,213	-0.5%

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

N/A

Employees

1909

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

$8,843,919

Total Directors

$13,557,555

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK SOLAZZO	Chairman	0.0	Officer Director	$0	$63,855	$3,710,066
DAVID BATTINELLI	Trustee/EVP Northwell	0.0	Director	$0	$78,569	$1,814,841
MICHELE CUSACK	Treasurer	0.0	Officer Director	$0	$78,507	$1,696,458
EUGENE TANGNEY	Trustee/SVP Northwell	0.0	Director	$0	$78,507	$1,451,043
LAURENCE KRAEMER	Assistant Secretary	0.0	Officer Director	$0	$69,888	$1,372,753
MERRYL SIEGEL	Secretary	0.0	Officer Director	$0	$67,969	$1,269,789
DONNA DRUMMOND	Trustee/SVP Northwell	0.0	Director	$0	$63,119	$1,217,650
JAMES CRAWFORD	Trustee/Med School Chair Nort	0.0	Director	$0	$64,637	$1,024,955
DWAYNE BREINING	CEO	0.0	Officer	$0	$78,569	$794,853
GREGORY O'DARE	AVP, Sales	50.0	Highest	$615,200	$63,251	$678,451
DEBORAH SCHRON	Vice Chair, Laboratory Service	50.0	Highest	$478,359	$64,637	$542,996
STEFAN JURETSCHKO	Senior Director, Infectious Di	50.0	Highest	$412,582	$78,569	$491,151
KASTURI DAS	Sr Dir, Cytopathology	50.0	Highest	$403,037	$64,637	$467,674
LUIS EGUREN	AVP, IT&S Strategic Planning	50.0	Highest	$375,469	$76,773	$452,242
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	$743,529,825	$692,018,219	$178,402,540	$51,511,606
2022	$791,938,202	$696,156,989	$414,724,012	$95,781,213
2021	$824,844,482	$732,732,899	$332,816,944	$92,111,583
2020	$549,281,305	$544,642,807	$208,331,897	$4,638,498
2019	$467,328,341	$461,902,163	$148,962,051	$5,426,178
2018	$453,631,595	$445,924,800	$141,566,206	$7,706,795

NORTHWELL HEALTH LABORATORIES