St Luke's Cornwall Hospital (EIN 141340054) - 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

2002

Legal Domicile

Phone

8455682881

Tax Period

2023-01-01 to 2023-12-31

St Luke's Cornwall Hospital, founded in 2002, is a major nonprofit in the Health Care sector that reported $268.2M in total revenue in fiscal year 2023.

Mission

MONTEFIORE ST. LUKE'S CORNWALL HOSPITAL IS DEDICATED TO PROVIDING EXCEPTIONAL HEALTHCARE TO IMPROVE THE LIVES AND WELL-BEING OF THE PEOPLE IN THE COMMUNITIES WE SERVE.

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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 $12,498,039

Program Service Revenue $251,093,325

Investment Income $2,465,208

Other Revenue $2,145,545

TOTAL REVENUE $268,202,117

Expense Breakdown

Grants Paid $6,050,683

Salaries & Benefits $127,064,151

Fundraising Expenses $0

Program Expenses $228,634,335

Other Expenses $131,007,019

TOTAL EXPENSES $264,121,853

Year-over-Year Comparison

	2023	2022	Change
Revenue	$268,202,117	$250,752,402	+0.1%
Expenses	$264,121,853	$249,904,760	+0.1%
Net Income	$4,080,264	$847,642	+3.8%

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

1577

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

$1,530,738

Total Directors

$5,229,222

Key Employees

$1,386,528

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CHAIR	1.0	Officer Director	$0	$0	$0
N/A	SECRETARY	1.0	Officer Director	$0	$0	$0
N/A	TREASURER	1.0	Officer Director	$0	$0	$0
N/A	VICE CHAIR	1.0	Officer Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$50,061	$1,027,995
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE (RESIGNED 11/1/2023)	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TURSTEE (APPOINTED 1/1/2023)	1.0	Director	$0	$0	$0
N/A	TRUSTEE (RESIGNED 12/31/2023)	1.0	Director	$0	$49,826	$1,441,667
N/A	TRUSTEE	1.0	Director	$0	$46,906	$2,759,560
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	PRESIDENT & CEO	50.0	Officer	$846,611	$15,735	$862,346
N/A	SVP, CFO/TREASURER	50.0	Officer	$598,956	$69,436	$668,392
N/A	CHIEF MEDICAL OFFICER	31.0	Key Emp	$641,830	$31,956	$673,786
N/A	VP, OPERATIONS	55.0	Key Emp	$288,125	$7,662	$295,787
N/A	VP, CHIEF NURSING OFFICER	55.0	Key Emp	$378,932	$38,023	$416,955
N/A	PHARMACIST	54.0	Highest	$309,420	$14,041	$323,461
N/A	VP, CHIEF INFORMATION OFFICER	55.0	Highest	$307,276	$13,609	$320,885
N/A	VP, HUMAN RESOURCES	55.0	Highest	$314,919	$51,254	$366,173
N/A	VP, NETWORK, STRATEGY & BUS	55.0	Highest	$334,034	$45,386	$379,420
N/A	VP, QUALITY MANAGEMENT	55.0	Highest	$320,038	$33,818	$353,856
N/A	FORMER OFFICER	1.0		$156,250	$0	$156,250

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	$268,202,117	$264,121,853	$195,286,803	$4,080,264
2022	$250,752,402	$249,904,760	$195,267,465	$847,642
2021	$262,716,527	$244,026,438	$225,516,003	$18,690,089
2020	$264,293,520	$234,143,795	$234,501,962	$30,149,725
2019	$246,519,863	$229,783,380	$168,517,480	$16,736,483
2018	$228,557,403	$217,702,327	$146,443,514	$10,855,076

St Luke's Cornwall Hospital