ST JOSEPH'S HOSPITAL YONKERS

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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

1888

Legal Domicile

Principal Officer

MICHAEL J SPICER

Phone

9143787000

Tax Period

2023-01-01 to 2023-12-31

ST JOSEPH'S HOSPITAL YONKERS, founded in 1888, is a major nonprofit in the Health Care sector that reported $304.0M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO MAKE AVAILABLE OPTIMAL PATIENT CARE WITH CONTINUITY OF SERVICE FOR THE SICK AND DISABLED AND ALL OTHERS WITHOUT REGARD TO RACE, COLOR OR CREED BY MEANS OF PREVENTION, DIAGNOSIS, TREATMENT, REHABILITATION AND/OR HOME CARE FOR HOSPITALIZED AND AMBULATORY PATIENTS AND/OR OTHER HEALTH RELATED FACILITIES.

Program Service Accomplishments

Program 1

Expenses: $48,812,623 Revenue: $60,275,966

ANCILLARY SERVICES - THERE WERE 462,540 PROCEDURES INCLUDING RADIOLOGY, LAB, CARDIOLOGY, THERAPY, ETC. IN 2023.

Program 2

Expenses: $62,451,951 Revenue: $77,118,406

PSYCHIATRIC INPATIENT & LONG TERM PSYCH - THERE WERE 152 BEDS AVAILABLE FOR THE TREATMENT OF 50,199 PATIENT DAYS FOR 2023. APPROXIMATELY 224 MEDICAL PERSONNEL ARE ASSIGNED TO THIS UNIT.THE BREAKDOWN FOR INPATIENT & LONG TERM PSYCH IS AS FOLLOWS: INPATIENT HAD 45,178 PATIENT DAYS AND APPROXIMATELY 214 MEDICAL PERSONNEL. LONG TERM PSYCH HAD 5,021 PATIENT DAYS AND APPROXIMATELY 13 MEDICAL PERSONNEL.

Program 3

Expenses: $93,374,465 Revenue: $90,462,081

GENERAL SERVICE FACILITIES FOR MEDICAL/SURGICAL PATIENTS (EXPENSES: $19,249,793, REVENUE: $23,770,488):THE HOSPITAL HAD 122 BEDS AVAILABLE TO THE PUBLIC FOR MEDICAL AND SURGICAL SERVICES IN 2023. THE HOSPITAL HAD 22,020 PATIENT DAYS FOR GENERAL SERVICE AND APPROXIMATELY 83 MEDICAL PERSONNEL ASSIGNED TO THIS SERVICE.EMERGENCY SERVICE (EXPENSES: $12,329,149, REVENUE: $15,224,573): THE HOSPITAL HAD 25,808 EMERGENCY VISITS DURING THE YEAR OF WHICH 2,883 RESULTED IN ADMITTANCE INTO THE HOSPITAL. THERE WERE APPROXIMATELY 36 NURSES, AIDES AND PHYSICIANS ASSIGNED.OUTPATIENT PSYCHIATRIC CLINICS (EXPENSES: $13,443,890, REVENUE: $16,601,105): THERE WERE 159,991 VISITS FOR 2023 AND 81.1 FTES.OUTPATIENT SERVICES (EXPENSES: $14,300,667, REVENUE: $17,659,090): THERE WERE 113,453 VISITS FOR 2023 AND 107 FTES.INTENSIVE CARE UNIT AND CORONARY CARE UNIT (EXPENSES: $10,774,075, REVENUE: $13,304,300): THERE WERE 6 BEDS AVAILABLE. 722 PATIENT DAYS OCCURRED IN 2023 FOR THE COMBINATION OF ICU AND CCU SERVICES. APPROXIMATELY 22 FTES WERE ASSIGNED TO THIS AREA.SUPPORTED CASE MANAGEMENT (EXPENSES: $1,622,280, REVENUE: $2,003,263): THERE WERE 12,017 VISITS FOR 2023.PARTIAL HOSPITALIZATION (EXPENSES: $1,538,058, REVENUE: $1,899,262): THERE WERE 6,883 VISITS IN 2023 AND 14 FTES.PEDIATRIC UNIT (EXPENSES: $0, REVENUE: $0): THERE WERE 2 BEDS AVAILABLE, 0 PATIENT DAY AND APPROXIMATELY 0 FTES IN 2023.THE HOSPITAL ALSO PROVIDED SERVICES TO RELATED ORGANIZATIONS WHICH YIELDED TOTAL REVENUE OF $369,074.

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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 $51,204,928

Program Service Revenue $244,632,661

Investment Income $3,150,218

Other Revenue $4,974,239

TOTAL REVENUE $303,962,046

Expense Breakdown

Grants Paid $0

Salaries & Benefits $192,854,023

Fundraising Expenses $0

Program Expenses $218,224,731

Other Expenses $102,232,007

TOTAL EXPENSES $295,086,030

Year-over-Year Comparison

	2023	2022	Change
Revenue	$303,962,046	$274,608,304	+0.1%
Expenses	$295,086,030	$269,160,411	+0.1%
Net Income	$8,876,016	$5,447,893	+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

2374

Volunteers

114

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

$3,039,735

Total Directors

$1,822,791

Key Employees

$708,761

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL J SPICER	PRESIDENT & CEO	30.00	Officer Director	$1,298,552	$226,075	$1,524,627
JAMES J LANDY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CARL E PETRILLO	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
MICHAEL M MINERVA	SECRETARY	1.00	Officer Director	$0	$0	$0
BARRY M DAVIS	TREASURER	1.00	Officer Director	$0	$0	$0
SANDEEP GULATI DO	PRESIDENT OF MEDICAL STAFF	1.00	Officer Director	$25,000	$0	$25,000
SISTER SHEILA BROSNAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN F CALVELLI	DIRECTOR	1.00	Director	$0	$0	$0
SISTER DONNA DODGE	DIRECTOR	1.00	Director	$0	$0	$0
SISTER MARGARET EGAN	DIRECTOR	1.00	Director	$0	$0	$0
MOIRA J KIERNAN	DIRECTOR	1.00	Director	$0	$0	$0
AMANI MARJIEH	DIRECTOR	1.00	Director	$0	$0	$0
JAMES L NEUENDORF MD	DIRECTOR	28.00	Officer Director	$0	$31,793	$273,164
KEVIN M O'CALLAGHAN	DIRECTOR	1.00	Director	$0	$0	$0
NEIL PRESSMAN	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM J SCHNEIDER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN J SPANO	DIRECTOR	1.00	Director	$0	$0	$0
SISTER MEG SWEENEY	DIRECTOR	1.00	Director	$0	$0	$0
JAMES J VENERUSO ESQ	DIRECTOR	1.00	Director	$0	$0	$0
ALAN WEISMAN	DIRECTOR	1.00	Director	$0	$0	$0
FRANK HAGAN	SENIOR VP OF FINANCE/CFO	28.00	Officer	$466,751	$31,793	$498,544
FRANCES CASOLA	SENIOR VP OF OPERATIONS/COO	35.00	Officer	$348,292	$43,793	$392,085
DEAN HARLAM	CHIEF MEDICAL OFFICER - PSYCHIATRY	35.00	Officer	$309,807	$16,508	$326,315
BERNADETTE KINGHAM-BEZ	SENIOR VICE PRESIDENT	35.00	Key Emp	$424,596	$43,793	$468,389
MARK POHAR	VP PATIENT CARE & CNO(UNTIL 7/23)	28.00	Key Emp	$211,228	$29,144	$240,372
JAMES DEMEO	MEDICAL DIRECTOR	30.00	Highest	$427,708	$31,793	$459,501
FADI SAYEGH	FAMILY PRACTICE PHYSICIAN	35.00	Highest	$322,319	$28,249	$350,568
JELENA VESELINOVIC MD	PSYCHIATRY PHYSICIAN	35.00	Highest	$311,268	$31,793	$343,061
ALEXANDRA WHORISKEY	CHIEF OF AMBULATORY SERVICES	35.00	Highest	$302,140	$0	$302,140
KIM PAGAN	VP OF FINANCE	35.00	Highest	$294,126	$12,228	$306,354

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	$303,962,046	$295,086,030	$283,983,048	$8,876,016
2022	$274,608,304	$269,160,411	$219,838,334	$5,447,893
2021	$260,140,753	$259,731,688	$112,812,838	$409,065
2020	$261,743,928	$260,069,958	$128,713,985	$1,673,970
2019	$235,202,393	$249,293,120	$90,508,652	$-14,090,727
2018	$243,254,387	$243,292,452	$87,413,603	$-38,065