Vassar Brothers Medical Center (EIN 141338586) - 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

1882

Legal Domicile

Phone

8454759500

Tax Period

2023-10-01 to 2024-09-30

Vassar Brothers Medical Center, founded in 1882, is a major nonprofit in the Health Care sector that reported $904.3M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $852.2M left a modest 6% surplus.

Mission

Improve the health of every person in our community through the efficient delivery of excellent, innovative and compassionate care.

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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 $4,659,643

Program Service Revenue $892,114,527

Investment Income $3,156,865

Other Revenue $4,338,531

TOTAL REVENUE $904,269,566

Expense Breakdown

Grants Paid $0

Salaries & Benefits $411,943,634

Fundraising Expenses $0

Program Expenses $798,278,334

Other Expenses $440,215,445

TOTAL EXPENSES $852,159,079

Year-over-Year Comparison

	2023	2022	Change
Revenue	$904,269,566	$774,380,228	+0.2%
Expenses	$852,159,079	$804,194,259	+0.1%
Net Income	$52,110,487	$-29,814,031	-2.7%

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

3175

Volunteers

164

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

$3,369,679

Total Directors

$1,508,900

Key Employees

$4,002,464

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN CLEARY	VICE CHAIR (TO 12/31); CHAIR (FROM 01/01)	3.0	Officer Director	$0	$0	$0
SHAY HUMPHREY ESQ	CHAIR (TO 12/31); DIRECTOR (FROM 01/01)	3.0	Officer Director	$0	$0	$0
STEVEN TINKELMAN	DIRECTOR; VICE CHAIR (FROM 01/01)	3.0	Officer Director	$0	$0	$0
SUSAN BROWNING	PRESIDENT & WESTERN REGIONAL PRESIDENT	38.0	Officer Director	$825,355	$135,682	$961,037
BARRY ROTHFELD	DIRECTOR (12/31/23)	2.0	Director	$0	$0	$0
DARRELL WHEELER	DIRECTOR (FROM 01/01)	2.0	Director	$0	$0	$0
DEBRA DOMBER	DIRECTOR	2.0	Director	$0	$0	$0
FRANCOISE DUNEFSKY	Director (to 12/31/23)	2.0	Director	$0	$0	$0
JAMES WALKER	DIRECTOR	2.0	Director	$0	$0	$0
KIMBERLY HELLER MD	DIRECTOR	2.0	Director	$0	$47,686	$547,863
RONALD TATELBAUM MD	DIRECTOR	2.0	Director	$0	$0	$0
THOMAS ROBINSON MD	DIRECTOR	2.0	Director	$0	$0	$0
TIMOTHY DEAN	DIRECTOR	2.0	Director	$0	$0	$0
WESLEY EUGENE DIXON	DIRECTOR	2.0	Director	$0	$0	$0
BRIAN WYATT	SECRETARY & CHIEF LEGAL OFFICER	2.0	Officer	$0	$124,638	$758,850
DANIEL DEBARBA	CHIEF FINANCIAL OFFICER; TREASURER	2.0	Officer	$0	$175,627	$1,649,792
JEAN AHN	CHIEF STRATEGY OFFICER	5.0	Key Emp	$0	$98,768	$1,079,899
KATHRYN D CULLINAN	CHIEF HUMAN RESOURCES OFFICER	5.0	Key Emp	$0	$111,060	$827,453
MICHELLE ROBERTSON	CHIEF OPERATING OFFICER	5.0	Key Emp	$0	$187,713	$1,525,961
WAYNE MCNULTY	CHIEF COMPLIANCE OFFICER	5.0	Key Emp	$0	$33,749	$569,151
CORINA MARCU	VP MEDICAL AFFAIRS	30.0	Highest	$486,874	$24,226	$672,905
EILISH C HOURIHAN RN	CHIEF NURSING OFFICER	40.0	Highest	$452,840	$27,420	$480,260
EVA H SKELLY RN	REGISTERED NURSE	39.0	Highest	$407,587	$28,457	$441,395
KEVIN B BOLAND	DIRECTOR CARDIO PERFUSION	40.0	Highest	$410,515	$63,304	$473,819
WILLIAM V BEGG MD	FORMER VPMA/CHAIR EMERG SVCS DANBURY	7.0	Highest	$123,822	$43,780	$706,604
PETER A KELLY	FORMER PRESIDENT VBMC	0.0		$240,080	$14,267	$254,347

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	$904,269,566	$852,159,079	$1,229,915,589	$52,110,487
2023	$774,380,228	$804,194,259	$1,208,509,203	$-29,814,031
2022	$772,363,348	$758,577,202	$1,216,662,489	$13,786,146
2021	$744,600,234	$734,731,942	$1,245,233,477	$9,868,292
2018	$676,536,529	$573,620,067	$1,107,361,106	$102,916,462

Vassar Brothers Medical Center