NORTHERN WESTCHESTER HOSPITAL ASSOCIATION C/O NORTHWELL HEALTH INC (EIN 131740118) - 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

1916

Legal Domicile

Principal Officer

MICHELE L CUSACK

Phone

9146661310

Tax Period

2024-01-01 to 2024-12-31

NORTHERN WESTCHESTER HOSPITAL ASSOCIATION C/O NORTHWELL HEALTH INC, founded in 1916, is a major nonprofit in the Health Care sector that reported $594.0M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $526.5M left a modest 11% surplus.

Mission

NWH STRIVES TO IMPROVE THE HEALTH OF THE COMMUNITIES IT SERVES AND IS COMMITTED TO PROVIDING THE HIGHEST QUALITY OF CARE FOR THE COMMUNITY REGARDLESS OF ABILITY TO PAY.

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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 $6,127,086

Program Service Revenue $564,298,666

Investment Income $16,739,681

Other Revenue $6,876,248

TOTAL REVENUE $594,041,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $321,534,484

Fundraising Expenses $2,055,528

Program Expenses $455,468,931

Other Expenses $204,931,484

TOTAL EXPENSES $526,465,968

Year-over-Year Comparison

	2024	2023	Change
Revenue	$594,041,681	$519,048,123	+0.1%
Expenses	$526,465,968	$460,312,097	+0.1%
Net Income	$67,575,713	$58,736,026	+0.2%

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

2288

Volunteers

305

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

$781,479

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL DOWLING	President & CEO	0.0	Officer Director	$0	$75,656	$5,943,362
MARK SOLAZZO	Pres, Strategic Initiatives &	0.0	Officer	$0	$68,435	$3,816,311
MICHELE CUSACK	EVP & CFO	0.0	Officer	$0	$85,322	$1,990,193
DAVID BATTINELLI	EVP & Physician in Chief	0.0	Officer	$0	$85,392	$1,895,203
JOSEPH MOSCOLA	EVP, Enterprise Services	0.0	Officer	$0	$57,376	$1,775,813
LAURENCE KRAEMER	EVP, Gen Coun, CLO & Asst Sec	0.0	Officer	$0	$69,777	$1,677,461
JEFFREY KRAUT	EVP Strategy	0.0	Officer	$0	$70,806	$1,667,309
DONNA DRUMMOND	SVP & Chf Expense Officer	0.0	Officer	$0	$68,023	$1,302,137
KONSTANTINE COSTALAS	SVP, Managed Care	0.0	Officer	$0	$85,322	$1,240,540
MARK GLOADE	SVP, Dep Gen Coun, Dep CLO & A	0.0	Officer	$0	$85,322	$1,170,005
RALPH NAPPI	EVC	0.0	Officer Director	$0	$69,731	$1,067,436
KENNETH GOLDSTEIN MD	Vascular Surgeon	50.0	Highest	$1,003,007	$38,550	$1,041,557
MICHAEL ROSENBERG MD	Plastic Surgeon	50.0	Highest	$840,383	$85,392	$925,775
MARLA KOROLY MD	Associate Ambulatory Physician	50.0	Highest	$824,999	$69,731	$894,730
DAVID PALAIA MD	Plastic Surgeon	50.0	Highest	$789,695	$85,322	$875,017
JOEL SELIGMAN	VP, Regional Initiatives	50.0	Highest	$777,264	$38,550	$815,814
DEREK ANDERSON	Executive Director	0.0	Key Emp	$0	$82,760	$781,479
HARRY GINDI	Assistant Secretary	0.0	Officer	$0	$69,731	$493,773
MARK CLASTER	Vice Chairman	0.0	Officer Director	$0	$0	$324,255
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	$594,041,681	$526,465,968	$702,039,619	$67,575,713
2023	$519,048,123	$460,312,097	$634,564,846	$58,736,026
2022	$483,015,419	$439,862,592	$549,457,776	$43,152,827
2021	$421,611,413	$366,048,161	$556,274,010	$55,563,252
2020	$317,476,746	$313,417,336	$527,083,234	$4,059,410
2019	$306,685,868	$297,045,268	$482,830,290	$9,640,600

NORTHERN WESTCHESTER HOSPITAL ASSOCIATION C/O NORTHWELL HEALTH INC