CALVARY HOSPITAL INC (EIN 131740274) - 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

1900

Legal Domicile

Principal Officer

MICHAEL J FOSINA

Phone

7185182000

Tax Period

2024-01-01 to 2024-12-31

CALVARY HOSPITAL INC, founded in 1900, is a major nonprofit in the Health Care sector that reported $129.8M in total revenue in fiscal year 2024.

Mission

CALVARY HOSPITAL PROVIDES PALLIATIVE CARE FOR TERMINALLY ILL CANCER PATIENTS.

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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 $4,619,504

Program Service Revenue $122,650,556

Investment Income $1,255,846

Other Revenue $1,267,108

TOTAL REVENUE $129,793,014

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,906,288

Fundraising Expenses $0

Program Expenses $106,519,933

Other Expenses $32,143,165

TOTAL EXPENSES $133,049,453

Year-over-Year Comparison

	2024	2023	Change
Revenue	$129,793,014	$127,468,800	+0.0%
Expenses	$133,049,453	$139,733,200	0.0%
Net Income	$-3,256,439	$-12,264,400	-0.7%

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

1116

Volunteers

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

$2,322,437

Total Directors

$2,416,042

Key Employees

$543,613

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT P LA RUE EX-OFFICIO	PRESIDENT/CEO OF ARCHCARE	1.00	Director	$0	$439,006	$2,416,042
FRANCIS J SERBAROLI	CHAIRMAN	0.10	Officer Director	$0	$0	$0
JOHN A DECINA	CHAIRMAN, THRU FEB. 2024	0.10	Officer Director	$0	$0	$0
JOHN F GLEASON	VICE CHAIRMAN	0.10	Officer Director	$0	$0	$0
JOSEPH SAPORITO	TREASURER	0.10	Officer Director	$0	$0	$0
STEPHEN J BUJNO	SECRETARY	0.10	Officer Director	$0	$0	$0
ANNE COTE TAYLOR	SECRETARY, THRU FEB. 2024	0.10	Officer Director	$0	$0	$0
RICHARD CARDILLO	DIRECTOR, THRU FEB. 2024	0.10	Director	$0	$0	$0
DR TARA A CORTES	DIRECTOR	0.10	Director	$0	$0	$0
REV ERIC P CRUZ MDIV MNA	DIRECTOR, THRU FEB. 2024	0.10	Director	$0	$0	$0
JOSEPH L DEMARZO	DIRECTOR, THRU FEB. 2024	0.10	Director	$0	$0	$0
THOMAS J FAHEY JR MD	DIRECTOR, THRU FEB. 2024	0.10	Director	$0	$0	$0
ANN LEILANI FAHEY MD	DIRECTOR, THRU FEB. 2024	0.10	Director	$0	$0	$0
KAREN GRAY	DIRECTOR	0.10	Director	$0	$0	$0
DANIEL S GURRELL MD	DIRECTOR, THRU FEB. 2024	0.10	Director	$0	$0	$0
EDWARD D HEBEN	DIRECTOR, THRU FEB. 2024	0.10	Director	$0	$0	$0
CARLOS HERNANDEZ	DIRECTOR	0.10	Director	$0	$0	$0
DIAL HEWLETT MD	DIRECTOR, THRU FEB. 2024	0.10	Director	$0	$0	$0
CLARION JOHNSON MD	DIRECTOR	0.10	Director	$0	$0	$0
RENA M MURTHA RN	DIRECTOR, THRU FEB. 2024	0.10	Director	$0	$0	$0
THOMAS M O'BRIEN	DIRECTOR	0.10	Director	$0	$0	$0
JAMES O'HARA	DIRECTOR, THRU FEB. 2024	0.10	Director	$0	$0	$0
MARYANN JULIA POPIEL MD	DIRECTOR, THRU FEB. 2024	0.10	Director	$0	$0	$0
DR MARC PRAGER	DIRECTOR, THRU FEB. 2024	0.10	Director	$0	$0	$0
AMIT SIKDAR	DIRECTOR, THRU FEB. 2024	0.10	Director	$0	$0	$0
GERALD T GT SWEENEY	DIRECTOR	0.10	Director	$0	$0	$0
JOSEPH A TARANTINO	DIRECTOR, THRU FEB. 2024	0.10	Director	$0	$0	$0
JEFFREY MENKES INTERIM	PRESIDENT/CEO/ASSOCIATE DIRECTOR	37.00	Officer	$710,769	$0	$710,769
CHRISTOPHER COMFORT	PRESIDENT/CEO, THRU MAY 2024	37.00	Officer	$353,289	$23,115	$376,404
MICHAEL FOSINA	CHIEF OPERATING OFFICER	37.00	Officer	$376,740	$38,363	$415,103
ANDREW V GRECO	VICE PRESIDENT & CFO	37.00	Officer	$352,012	$78,274	$430,286
ERIC GOLDMAN	MEDICAL DIRECTOR	37.00	Officer	$309,985	$79,890	$389,875
MARGARET PELKOWSKI	VP, PATIENT CARE SERVICES	37.00	Key Emp	$268,518	$36,907	$305,425
SUSAN P LAGE	VP, COMMUNITY PATIENT SERVICES	37.00	Key Emp	$218,391	$19,797	$238,188
SREENIVASA PATIBANDLA	ATTENDING PHYSICIAN	37.00	Highest	$440,973	$23,115	$464,088
MUHAMAD AMIR SHAHID	ATTENDING PHYSICIAN	37.00	Highest	$392,132	$81,481	$473,613
ANDREW ZARETSKY	ATTENDING PHYSICIAN	37.00	Highest	$390,795	$61,478	$452,273
ROBERT A BRESCIA	DIR PALLIATIVE CARE INST	37.00	Highest	$376,795	$36,764	$413,559
RACHELLE PARKER	ATTENDING PHYSICIAN	37.00	Highest	$307,877	$39,731	$347,608
FRANK A CALAMARI	FORMER PRESIDENT/CEO	0.00		$286,533	$0	$286,533

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	$129,793,014	$133,049,453	$105,750,783	$-3,256,439
2023	$127,468,800	$139,733,200	$97,553,000	$-12,264,400
2023	$127,468,800	$139,733,200	$97,553,000	$-12,264,400
2022	$133,221,500	$140,854,500	$105,461,200	$-7,633,000
2021	$129,369,000	$135,544,200	$108,684,200	$-6,175,200
2020	$138,240,700	$136,485,967	$124,160,500	$1,754,733
2019	$131,341,200	$131,862,700	$102,670,200	$-521,500
2018	$121,891,600	$122,517,200	$100,681,800	$-625,600

CALVARY HOSPITAL INC