Lenox Hill Hospital C/O NORTHWELL … - Form 990 Financial Data

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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

1861

Legal Domicile

Principal Officer

MICHAEL J DOWLING

Phone

5163216058

Tax Period

2023-01-01 to 2023-12-31

Lenox Hill Hospital C/O NORTHWELL HEALTH INC, founded in 1861, is a large national nonprofit in the Health Care sector that reported $2.0B in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

LENOX HILL HOSPITAL IS PART OF NORTHWELL HEALTH ("NORTHWELL"), WHICH STRIVES TO IMPROVE THE HEALTH OF THE COMMUNITIES IT SERVES AND IS COMMITTED TO PROVIDING THE HIGHEST QUALITY CLINICAL CARE; EDUCATING THE CURRENT AND FUTURE GENERATIONS OF HEALTHCARE PROFESSIONALS; SEARCHING FOR NEW ADVANCES IN MEDICINE THROUGH THE CONDUCT OF BIOMEDICAL RESEARCH; PROMOTING HEALTH EDUCATION; AND CARING FOR THE ENTIRE COMMUNITY REGARDLESS OF THE ABILITY TO PAY.

Program Service Accomplishments

Program 1

Expenses: $1,052,885,017 Revenue: $1,461,227,601

LENOX HILL HOSPITAL ("LHH") IS AN ACUTE CARE TEACHING HOSPITAL THAT HAS A TRADITION OF PROVIDING OUTSTANDING PATIENT CARE AND INNOVATIVE MEDICAL AND SURGICAL TREATMENT. IN 2023, LHH HAD 28,508...

LENOX HILL HOSPITAL ("LHH") IS AN ACUTE CARE TEACHING HOSPITAL THAT HAS A TRADITION OF PROVIDING OUTSTANDING PATIENT CARE AND INNOVATIVE MEDICAL AND SURGICAL TREATMENT. IN 2023, LHH HAD 28,508 DISCHARGES, DELIVERED 3,531 BABIES, PROVIDED 52,233 EMERGENCY DEPARTMENT VISITS AND PERFORMED 9,750 AMBULATORY SURGERIES.

Program 2

Expenses: $428,534,314 Revenue: $154,594,544

LHH Physicians provide both inpatient and outpatient services and strive to make a measurable difference in the health status of the communities they serve by providing comprehensive health care...

LHH Physicians provide both inpatient and outpatient services and strive to make a measurable difference in the health status of the communities they serve by providing comprehensive health care regardless of ability to pay.

Program 3

Expenses: $132,383,666 Revenue: $163,053,598

MANHATTAN EYE, EAR & THROAT HOSPITAL (MEETH) WAS ESTABLISHED IN 1869 AND IS INTERNATIONALLY RECOGNIZED FOR ITS ACCOMPLISHMENTS IN OPHTHALMOLOGY, OTOLARYNGOLOGY, ORTHOPEDICS, PLASTIC SURGERY AND MANY...

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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 $32,157,584

Program Service Revenue $1,863,484,164

Investment Income $5,655,482

Other Revenue $50,762,170

TOTAL REVENUE $1,952,059,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,121,377,516

Fundraising Expenses $701,725

Program Expenses $1,690,474,267

Other Expenses $786,046,093

TOTAL EXPENSES $1,907,423,609

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,952,059,400	$1,790,201,001	+0.1%
Expenses	$1,907,423,609	$1,750,530,561	+0.1%
Net Income	$44,635,791	$39,670,440	+0.1%

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

7823

Volunteers

375

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

$961,282

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
FRANK SCHWAB MD	Chair, Neurosurgery	50.0	Highest	$4,405,435	$78,507	$4,483,942
MARK SOLAZZO	Pres, Strategic Initiatives &	0.0	Officer	$0	$63,855	$3,710,066
DAVID HILTZIK MD	Interim Chair, Otolaryngology	50.0	Highest	$2,696,240	$54,563	$2,750,803
OREN LERMAN MD	Plastic Surgeon	50.0	Highest	$2,647,014	$78,569	$2,725,583
SAMUEL SCHEINERMAN MD	Chair, Cardiothoracic Surgery	50.0	Highest	$2,441,186	$64,679	$2,505,865
VARINDER SINGH MD	SVP, Cardiology Western Reg	50.0	Highest	$2,390,217	$76,228	$2,466,445
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
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
DANIEL BAKER	Executive Director Lenox	50.0	Key Emp	$896,645	$64,637	$961,282
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	$1,952,059,400	$1,907,423,609	$2,070,082,816	$44,635,791
2022	$1,790,201,001	$1,750,530,561	$1,745,272,409	$39,670,440
2021	$1,731,412,779	$1,696,587,853	$1,737,013,934	$34,824,926
2020	$1,606,225,514	$1,557,345,230	$1,654,939,476	$48,880,284
2019	$1,540,077,628	$1,483,724,406	$1,507,435,240	$56,353,222
2018	$1,430,743,501	$1,351,513,999	$1,364,781,688	$79,229,502

Lenox Hill Hospital C/O NORTHWELL HEALTH INC