HIGHLAND HOSPITAL OF ROCHESTER

EIN: 160743037 501(c)(3) Health Care

ROCHESTER, NY

Total Revenue
$547,342,445
Total Expenses
$519,115,154
Total Assets
$573,674,527
Net Assets
$358,942,015
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1889
Legal Domicile
NY
Principal Officer
KATHY PARRINELLO
Phone
5853416686
Tax Period
2023-07-01 to 2024-06-30

HIGHLAND HOSPITAL OF ROCHESTER, founded in 1889, is a major nonprofit in the Health Care sector that reported $547.3M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $519.1M left a modest 5% surplus.

Mission

OPERATION OF AN ACUTE CARE HOSPITAL COMMITTED TO SERVICE EXCELLENCE IN THE HEALTHCARE INDUSTRY

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,789,672
Program Service Revenue $511,606,840
Investment Income $12,389,443
Other Revenue $18,556,490
TOTAL REVENUE $547,342,445

Expense Breakdown

Grants Paid $0
Salaries & Benefits $311,834,494
Fundraising Expenses $0
Program Expenses $446,261,499
Other Expenses $207,280,660
TOTAL EXPENSES $519,115,154

Year-over-Year Comparison

2023 2022 Change
Revenue $547,342,445 $497,720,426 +0.1%
Expenses $519,115,154 $493,417,256 +0.1%
Net Income $28,227,291 $4,303,170 +5.6%
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

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Governance

Voting Members
18
Independent Members
14
Employees
3863
Volunteers
136

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
6
$2,521,687
Total Directors
18
$3,148,183
Key Employees
2
$1,107,450
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN I GOLDSTEIN CEO 8.0
Officer Director
$0 $214,557 $1,848,105
ADAM ANOLIK FORMER CFO 0.0
$0 $158,521 $979,035
MICHAEL APOSTOLAKOS MD CHIEF MEDICAL OFFICER 1.0
Key Emp
$0 $112,217 $833,550
CARRIE FULLER SPENCER CFO 9.0
Officer
$0 $90,963 $673,582
ROBERT MCCANN MD BOARD MEMBER 2.0
Director
$0 $69,444 $571,354
LORI FERRIS MD PHYSICIAN 40.0
Highest
$348,313 $134,210 $482,523
AHMAD MATLOUBIEH MD PHYSICIAN 40.0
Highest
$370,664 $35,010 $405,674
JOSEPH NICHOLAS MD BOARD MEMBER 2.0
Director
$0 $42,887 $394,946
MAUREEN PERRY MD PHYSICIAN 40.0
Highest
$283,773 $98,813 $382,586
CARLOS DIAZ-BALZAC MD PHYSICIAN 40.0
Highest
$339,359 $34,626 $373,985
JULIETTA FISCELLA MD PHYSICIAN 40.0
Highest
$353,876 $16,517 $370,393
MARK CRONIN BOARD MEMBER 2.0
Director
$0 $55,665 $333,778
CINDY BECKER FORMER COO 12.0
$141,313 $134,210 $275,523
MELISSA DERLETH CNO 40.0
Key Emp
$241,506 $32,394 $273,900
THOMAS GREINER JR CHAIR 2.0
Officer Director
$0 $0 $0
RICHARD LEFROIS BOARD MEMBER 2.0
Director
$0 $0 $0
CORAL SURGEON MD BOARD MEMBER 2.0
Director
$0 $0 $0
JEROME UNDERWOOD BOARD MEMBER 2.0
Director
$0 $0 $0
KENNETH MARVALD VICE CHAIR 2.0
Officer Director
$0 $0 $0
CURT PROVENZO BOARD MEMBER 2.0
Director
$0 $0 $0
KATHLEEN WHELEHAN TREASURER 2.0
Officer Director
$0 $0 $0
PATRICK GUISTO BOARD MEMBER 2.0
Director
$0 $0 $0
MICHAEL RIORDAN BOARD MEMBER 2.0
Director
$0 $0 $0
MICHAEL MCRAE BOARD MEMBER 2.0
Director
$0 $0 $0
CHRISTINE WAGNER SSJ PHD SECRETARY 2.0
Officer Director
$0 $0 $0
ANN MARIE COOK BOARD MEMBER 2.0
Director
$0 $0 $0
JOHN LEFROIS BOARD MEMBER 2.0
Director
$0 $0 $0
MARK SIWIEC BOARD MEMBER 2.0
Director
$0 $0 $0
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 $547,342,445 $519,115,154 $573,674,527 $28,227,291
2023 $497,720,426 $493,417,256 $534,456,609 $4,303,170
2022 $454,255,067 $450,731,288 $557,312,050 $3,523,779
2021 $458,018,416 $429,350,382 $574,597,899 $28,668,034
2020 $416,962,538 $389,126,551 $515,976,149 $27,835,987
2019 $400,397,001 $380,243,094 $431,871,239 $20,153,907
2018 $377,758,469 $359,844,102 $410,148,180 $17,914,367
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