NEWARK-WAYNE COMMUNITY HOSPITAL (EIN 150584188) - 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

1952

Legal Domicile

Principal Officer

DR RICHARD DAVIS

Phone

5859221595

Tax Period

2023-01-01 to 2023-12-31

NEWARK-WAYNE COMMUNITY HOSPITAL, founded in 1952, is a major nonprofit in the Health Care sector that reported $123.1M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO OPERATE AN INPATIENT AND OUTPATIENT HOSPITAL, CLINICS AND TREATMENT CENTERS FOR THE DELIVERY OF ACUTE MEDICAL, SURGICAL AND PREVENTATIVE HEALTH CARE SERVICES.

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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 $10,038,400

Program Service Revenue $108,477,655

Investment Income $2,638,892

Other Revenue $1,928,373

TOTAL REVENUE $123,083,320

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,991,787

Fundraising Expenses $0

Program Expenses $109,922,532

Other Expenses $56,516,753

TOTAL EXPENSES $122,508,540

Year-over-Year Comparison

	2023	2022	Change
Revenue	$123,083,320	$111,796,112	+0.1%
Expenses	$122,508,540	$118,317,449	+0.0%
Net Income	$574,780	$-6,521,337	-1.1%

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

1258

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

$8,132,700

Total Directors

$3,695,193

Key Employees

$973,729

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT HEALY	CHAIR OF THE BOARD	1.00	Officer Director	$0	$0	$0
EDWARD LEROUX	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KAYE E STONE-GANSZ	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD DAVIS PHD	CEO	3.00	Officer Director	$168,120	$54,880	$3,137,088
KEVIN CHRISTIANO	DIRECTOR	1.00	Director	$0	$0	$0
MATHEW SCHIRALLI MD	MEDICAL STAFF PRESIDENT	40.00	Director	$522,469	$35,636	$558,105
THOMAS CRILLY	CFO	3.00	Officer	$77,696	$154,600	$1,579,020
HUGH THOMAS	CAO	3.00	Officer	$94,385	$9,101	$1,739,490
CHRISTIAN CASINI	ASSISTANT SECRETARY	0.00	Officer	$0	$34,153	$371,721
JENNIFER ESLINGER	COO	5.00	Officer	$117,638	$11,367	$1,305,381
DUSTIN RICCIO	PRESIDENT, EASTERN REGION	18.00	Key Emp	$158,307	$44,902	$528,618
DANIEL IRELAND	PRESIDENT, FINGER LAKES RURAL HOSPITALS	20.00	Key Emp	$160,317	$4,241	$445,111
MARITA MICHELIN	PHYSICIAN	40.00	Highest	$363,419	$55,866	$419,285
SEAN CHILDS	PHYSICIAN	40.00	Highest	$1,131,833	$28,998	$1,160,831
MOHAMMAD SHAHEED	HOSPITALIST	40.00	Highest	$535,433	$74,590	$610,023
MICHAEL CUNNINGHAM	PHYSICIAN	40.00	Highest	$398,823	$12,842	$411,665
ERIN BORDLEY	PHYSICIAN ASSISTANT	40.00	Highest	$208,697	$29,802	$238,499

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	$123,083,320	$122,508,540	$137,933,598	$574,780
2022	$111,796,112	$118,317,449	$129,929,648	$-6,521,337
2021	$113,794,284	$106,720,259	$160,696,636	$7,074,025
2020	$112,292,868	$107,059,560	$149,624,159	$5,233,308
2019	$112,572,503	$107,919,794	$127,411,691	$4,652,709
2018	$107,327,863	$104,369,439	$121,783,902	$2,958,424

NEWARK-WAYNE COMMUNITY HOSPITAL