NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CATHOLIC HEALTH CARE SYSTEM, founded in 1996, is a major nonprofit that reported $112.3M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $18.9M, a strong 17% operating margin.
THE CATHOLIC HEALTH CARE SYSTEM ("CHCS OR THE "SYSTEM") IS A HEALTH CARE DELIVERY SYSTEM COMPOSED OF HOSPITALS, NURSING HOMES, MANAGED CARE PLANS AND OTHER ENTITIES THAT DELIVER AND PROVIDE FOR THE DELIVERY OF HEALTH CARE SERVICES (THE "CHCS ENTITIES") IN THE GREATER NEW YORK AREA AND THE HUDSON VALLEY. CHCS IS DEDICATED TO PROMOTING HIGH QUALITY PATIENT CARE THROUGHOUT THE SYSTEM, TO CREATING EFFICIENCIES BY STREAMLINING MANAGEMENT AND OPERATIONS, AND TO ENHANCING THE FINANCIAL STRENGTH OF THE CHCS ENTITIES AND THE SYSTEM. CHCS AND THE CHCS ENTITIES ARE COMMITTED TO FULFILLING THE CATHOLIC MISSION COMMON TO EACH. THE PURPOSES AND OPERATIONS OF CHCS SHALL BE CARRIED OUT IN CONFORMITY WITH THE VALUES AND TEACHINGS OF THE ROMAN CATHOLIC CHURCH AND WITH THE ETHICAL AND RELIGIOUS DIRECTIVES FOR CATHOLIC HEALTH CARE SERVICES OF THE NATIONAL CONFERENCE OF CATHOLIC BISHOPS AS INTERPRETED BY THE ARCHBISHOP OF NEW YORK.
CATHOLIC SPECIAL NEEDS PLAN LLC D/B/A ARCHCARE ADVANTAGE IS A HEALTH PLAN WITH A MEDICARE CONTRACT FOUNDED BY THE CATHOLIC HEALTH CARE SYSTEM OF THE ARCHDIOCESE OF NEW YORK TO PROVIDE MEDICARE...
CATHOLIC SPECIAL NEEDS PLAN LLC D/B/A ARCHCARE ADVANTAGE IS A HEALTH PLAN WITH A MEDICARE CONTRACT FOUNDED BY THE CATHOLIC HEALTH CARE SYSTEM OF THE ARCHDIOCESE OF NEW YORK TO PROVIDE MEDICARE COVERAGE FOR INDIVIDUALS WHO REQUIRE NURSING HOME LEVEL OF CARE. AS A MEDICARE ADVANTAGE HEALTH MAINTENANCE ORGANIZATION (HMO) SPECIAL NEEDS PLAN ARCHCARE ADVANTAGE (SNP) SERVES BENEFICIARIES ENTITLED TO MEDICARE PART A AND ENROLLED IN MEDICARE PART B. THE PLAN'S SERVICE AREA INCLUDES BRONX, DUTCHESS, KINGS, NEW YORK, ORANGE, QUEENS, RICHMOND AND WESTCHESTER COUNTIES, AND OFFERS A NETWORK OF DOCTORS, SPECIALISTS, HOSPITALS AND OTHER HEALTH CARE PROVIDERS THAT ENROLLEES CAN USE. SNP IS A COMPREHENSIVE RISK BASED HEALTH MAINTENANCE ORGANIZATION ("HMO") UNDER ARTICLE 44 OF THE PUBLIC HEALTH LAW. IN 2023, SNP HAD 5,832 MEMBER MONTHS AT SEVEN FACILITIES (CARMEL RICHMOND NURSING HOME, INC., ST. VINCENT DE PAUL RESIDENCE, FERNCLIFF NURSING HOME COMPANY INC., TERENCE CARDINAL COOKE HEALTH CARE CENTER, PROVIDENCE REST, MARY MANNING WALSH NURSING HOME COMPANY AND EGER HEALTHCARE AND REHABILIATAION CENTER), AND 6,902 MEMBER MONTHS AT UNRELATED ORGANIZATIONS.
CHCS ESTABLISHED AS A SELF-INSURED TRUST FOR HEALTH INSURANCE FOR ITSELF AND ITS AFFILIATES IN ORDER TO STREAMLINE SYSTEM ADMINISTRATION AND CONTROL ASSOCIATED EXPENSES. CHCS'S ADMINISTRATIVE DUTIES...
CHCS ESTABLISHED AS A SELF-INSURED TRUST FOR HEALTH INSURANCE FOR ITSELF AND ITS AFFILIATES IN ORDER TO STREAMLINE SYSTEM ADMINISTRATION AND CONTROL ASSOCIATED EXPENSES. CHCS'S ADMINISTRATIVE DUTIES INCLUDE THE COLLECTION OF HEALTH BENEFIT PREMIUMS FROM THE CHCS INSTITUTIONS AND PAYMENT OF MEDICAL AND PHARMACEUTICAL CLAIMS TO THE THIRD PARTY ADMINISTRATOR FOR THE PROGRAM.
TOGETHER WE CAN STAFFING AGENCY, LLC (THE "AGENCY") PROVIDES STAFFING SUPPORT TO CHCS HEALTHCARE PROVIDERS IN NEW YORK.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $112,290,403 | $98,443,183 | +0.1% |
| Expenses | $93,423,283 | $90,427,565 | +0.0% |
| Net Income | $18,867,120 | $8,015,618 | +1.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| FRANCIS J SERBAROLI ESQ | CHAIRMAN | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| THOMAS M O'BRIEN | VICE-CHAIR | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| DR TARA A CORTES | SECRETARY | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| THOMAS E ALBERTO | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| STEVE BUJNO | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| JOHN CAHILL | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| JOHN T DUNLAP | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| MSGR CHARLES J FAHEY | BOARD MEMBER, THRU NOV 2023 | 0.10 |
Director
|
$0 | $0 | $0 |
| THOMAS J FAHEY JR MD | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| ERIC P FELDMANN | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| SISTER SELINE FLORES | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| JOHN GLEASON | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| KAREN GRAY | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| CLARION E JOHNSON MD | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| RORY KELLEHER | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| MSGR JOSEPH LAMORTE | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| RICHARD PARK | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| KATHRYN ROONEY | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| JOSEPH SAPORITO | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| GT SWEENEY | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| GENNARO VASILE PHD | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| BISHOP GERALD WALSH | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| SCOTT P LA RUE | PRESIDENT/CEO | 37.00 |
Officer
|
$1,640,548 | $412,658 | $2,053,206 |
| ANNMARIE COVONE | EXECUTIVE VP/CFO | 37.00 |
Officer
|
$1,093,137 | $309,335 | $1,402,472 |
| MITCHELL MARSH | VP, NURSING HOME OPERATION | 35.00 |
Key Emp
|
$621,297 | $158,939 | $780,236 |
| MITZE A AMOROSO | CHIEF INFORMATION OFFICER | 35.00 |
Highest
|
$546,722 | $138,175 | $684,897 |
| SARAH D STRUM | VP OF COMPLIANCE & REGULATION | 35.00 |
Highest
|
$455,316 | $148,122 | $603,438 |
| TIMOTHY JOHNSON | DIRECTOR OF FINANCE | 35.00 |
Highest
|
$295,025 | $12,658 | $307,683 |
| JEFFREY D LEVINE | DIRECTOR OF FINANCE | 35.00 |
Highest
|
$271,452 | $29,023 | $300,475 |
| ANTHONY LECHICH MD | SENIOR VP OF MEDICINE | 12.00 |
Highest
|
$0 | $36,123 | $327,256 |
| HUGO A PIZARRO FORMER | SENIOR VP CHIEF EXPERIENCE OFFICER | 0.00 |
|
$343,540 | $11,400 | $354,940 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $112,290,403 | $93,423,283 | $61,723,057 | $18,867,120 |
| 2022 | $98,443,183 | $90,427,565 | $49,688,877 | $8,015,618 |
| 2021 | $96,013,711 | $85,928,631 | $38,938,250 | $10,085,080 |
| 2020 | $105,300,340 | $99,650,764 | $43,959,614 | $5,649,576 |
| 2019 | $111,334,555 | $107,662,836 | $44,495,229 | $3,671,719 |
| 2018 | $97,276,366 | $92,249,760 | $41,874,446 | $5,026,606 |
Compare CATHOLIC HEALTH CARE SYSTEM with other nonprofits in New York and across the country.