ST PETER'S HOSPITAL

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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

1871

Legal Domicile

Principal Officer

KIM BAKER

Phone

5185251550

Tax Period

2022-07-01 to 2023-06-30

ST PETER'S HOSPITAL, founded in 1871, is a major nonprofit in the Health Care sector that reported $736.5M in total revenue in fiscal year 2022. Expenses of $714.4M left a modest 3% surplus.

Mission

WE, ST. PETER'S HEALTH PARTNERS AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES. ST. PETER'S HOSPITAL IS A MEMBER OF ST. PETER'S HEALTH PARTNERS AND TRINITY HEALTH.

Program Service Accomplishments

Program 1

Expenses: $661,094,124 Revenue: $707,161,829

AT ST. PETER'S HOSPITAL, CARING FOR THE COMMUNITY DATES BACK TO 1869 WHEN FOUR SISTERS OF MERCY FOUNDED ST. PETER'S HOSPITAL IN DOWNTOWN ALBANY, NY. TODAY, ST. PETER'S HOSPITAL PROVIDES KEY SERVICES TO THE COMMUNITY INCLUDING CARDIAC & VASCULAR CARE, CANCER CARE, WOMEN'S & CHILDREN'S SERVICES, ORTHOPEDIC CARE, GASTROENTEROLOGY, AND BARIATRIC CARE.ST. PETER'S HOSPITAL STRIVES TO INCREASE QUALITY OUTCOMES THROUGH CUTTING EDGE TECHNOLOGIES AND THE IMPLEMENTATION OF EVIDENCE-BASED PRACTICES. ST. PETER'S HOSPITAL IS COMMITTED TO PROVIDING SAFE, EFFECTIVE, COMPASSIONATE CARE TO PATIENTS BY OFFERING THE MOST ADVANCED TREATMENT OPTIONS IN A UNIQUE, CARING ENVIRONMENT AND HAS BEEN RECOGNIZED BY NATIONAL AND STATE HEALTH CARE QUALITY ORGANIZATIONS FOR EXCELLENCE IN CARE. ST. PETER'S HOSPITAL SERVES PATIENTS WITH COMPREHENSIVE MEDICAL CARE, FREE EDUCATIONAL PROGRAMS, AND A HOST OF COMMUNITY HEALTH SCREENINGS THROUGHOUT THE REGION. PLEASE VISIT SCHEDULE H AND OUR WEBSITE FOR ADDITIONAL INFORMATION ABOUT OUR SERVICES, RECOGNITIONS AND AWARDS: WWW.SPHP.COM/LOCATION/ST-PETER-S-HOSPITAL

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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 (2022)

Revenue Breakdown

Contributions & Grants $16,184,779

Program Service Revenue $695,351,332

Investment Income $5,451,714

Other Revenue $19,497,635

TOTAL REVENUE $736,485,460

Expense Breakdown

Grants Paid $0

Salaries & Benefits $290,196,978

Fundraising Expenses $0

Program Expenses $661,094,124

Other Expenses $424,158,606

TOTAL EXPENSES $714,355,584

Year-over-Year Comparison

	2022	2021	Change
Revenue	$736,485,460	$713,213,196	+0.0%
Expenses	$714,355,584	$714,842,830	0.0%
Net Income	$22,129,876	$-1,629,634	-14.6%

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

4843

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

$5,999,423

Total Directors

$5,227,571

Key Employees

$519,149

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN HANKS MD	SPHP COO; DIR, PRES & CEO AT 1/23	8.00	Officer Director	$0	$148,352	$1,029,153
JAMES REED MD	DIRECTOR, PRESIDENT & CEO THR 12/22	1.00	Officer Director	$0	$125,391	$1,424,370
DAWN GEISERT	DIR THR 9/22;TH CHIEF COMPLIANCE OFF	1.00	Director	$0	$153,892	$818,882
DANIEL ISACKSEN	DIR AT 10/22; TRINITY HEALTH CFO	1.00	Director	$0	$328,490	$1,950,338
GINA MYERS	DIR AS OF 10/22; SJHHC CONSULTANT	1.00	Director	$0	$0	$4,828
ROBERT MCCORMICK	DIRECTOR; CHAIR	1.00	Officer Director	$0	$0	$0
KATHLEEN JIMINO	DIR; V CHR THR 9/22; TREAS AT 10/22	1.00	Officer Director	$0	$0	$0
JOHN MARSHALL	DIRECTOR & VICE CHAIR AS OF 10/22	1.00	Officer Director	$0	$0	$0
MARY ANN LOGIUDICE RSM	DIRECTOR; TREASURER THROUGH 9/22	1.00	Officer Director	$0	$0	$0
GUHA BALA	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA COTTRELL	DIRECTOR THROUGH 9/22	1.00	Director	$0	$0	$0
GARY DAKE	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE HEARST III	DIRECTOR THROUGH 9/22	1.00	Director	$0	$0	$0
LEE MCELROY JR	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MEATH	DIRECTOR AS OF 10/22	1.00	Director	$0	$0	$0
MERRIETTE POLLARD	DIRECTOR AS OF 10/22	1.00	Director	$0	$0	$0
CURTIS POWELL	DIRECTOR THROUGH 9/22	1.00	Director	$0	$0	$0
KERRI SWEET ZAVAGLIA	DIRECTOR AS OF 10/22	1.00	Director	$0	$0	$0
WILLIAM WILDRIDGE III	DIRECTOR AS OF 10/22	1.00	Director	$0	$0	$0
MICHAEL WOLFF MD	DIRECTOR THROUGH 9/22	1.00	Director	$0	$0	$0
THOMAS ROBERT	VP, CFO & TREASURER - NY REGION	10.00	Officer	$0	$143,208	$826,516
ROBERT SWIDLER ESQ	SECRETARY; VP LEGAL SERVICES	1.00	Officer	$0	$19,036	$254,444
MICHAEL FINEGAN	PRESIDENT, ACUTE CARE THRU 2/23	30.00	Officer	$0	$59,194	$953,036
LORI SANTOS	VP ACUTE CARE FIN THR 2/23, VP OPS	30.00	Officer	$0	$37,257	$476,507
KIM BAKER	SVP, HOSPITAL OPERATIONS AS OF 2/23	30.00	Officer	$0	$102,691	$679,313
JULIE EDMUNDS SMITH	VP FINANCE OPERATIONS ACUTE AT 2/23	16.00	Officer	$0	$44,718	$356,084
THEA DALFINO MD	CHIEF MEDICAL OFFICER, ACUTE CARE	30.00	Key Emp	$470,211	$48,938	$519,149
KENNETH BAKER MD	PHYSICIAN - OB/GYN	50.00	Highest	$643,527	$48,113	$848,164
RONNIE LUYUN MD	PHYSICIAN - ONCOLOGY	50.00	Highest	$1,269,292	$39,754	$1,309,046
ERICA FISH-MERILL DO	PHYSICIAN - HOSPITALIST	50.00	Highest	$716,061	$43,825	$759,886
ELENA THEODOSIOU MD	PHYSICIAN - HEMATOLOGY	50.00	Highest	$713,836	$44,515	$758,351
THOMAS MCCORMACK MD	PHYSICIAN - NEUROLOGY	50.00	Highest	$700,472	$46,905	$747,377

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$736,485,460	$714,355,584	$560,177,913	$22,129,876
2022	$713,213,196	$714,842,830	$555,329,861	$-1,629,634
2021	$707,950,802	$636,532,453	$640,626,784	$71,418,349
2020	$677,489,523	$616,691,404	$585,542,935	$60,798,119
2019	$670,426,744	$612,137,805	$621,146,519	$58,288,939
2018	$622,719,808	$586,766,546	$603,349,986	$35,953,262