Kenmore Mercy Hospital (EIN 160762843) - 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

1957

Legal Domicile

Principal Officer

Mark Sullivan

Phone

7168282974

Tax Period

2023-01-01 to 2023-12-31

Kenmore Mercy Hospital, founded in 1957, is a major nonprofit in the Health Care sector that reported $197.1M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

The Mission of Kenmore Mercy Hospital, as part of the Catholic Health System (CHS) in Western New York, is to provide quality healthcare services in an acute care setting. Committed to a common mission, the providers of Kenmore Mercy Hospital continue the healing ministry of Jesus, seeking to improve the health of individuals and communities. We provide high quality service that has reverence, compassion, justice, and excellence. The 2023 Community Service Plan can be found at https://www.chsbuffalo.org/about-us/community

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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 $4,821,253

Program Service Revenue $190,619,850

Investment Income $358,198

Other Revenue $1,283,261

TOTAL REVENUE $197,082,562

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,595,584

Fundraising Expenses $0

Program Expenses $169,328,243

Other Expenses $106,365,197

TOTAL EXPENSES $201,960,781

Year-over-Year Comparison

	2023	2022	Change
Revenue	$197,082,562	$174,142,129	+0.1%
Expenses	$201,960,781	$197,890,839	+0.0%
Net Income	$-4,878,219	$-23,748,710	-0.8%

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

1550

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

$7,842,299

Total Directors

$3,661,639

Key Employees

$1,121,219

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Sullivan	President & CEO	0.00	Officer Director	$0	$104,188	$1,740,064
Leonardo Sette-Camara	General Counsel - Secretary	0.00	Officer Director	$0	$46,568	$387,036
Walter Ludwig	President & CEO KMH	55.00	Officer Director	$370,404	$61,647	$432,051
Russell Edwards	VP Finance & Corporate Con	0.00	Director	$0	$20,105	$251,688
Charles Urlaub	Director	0.00	Director	$0	$75,182	$561,880
Aaron Chang	Director	0.00	Director	$0	$23,589	$288,920
Douglas Bean	Director	0.00	Director	$0	$0	$0
Anthony Burgio	Director	0.00	Director	$0	$0	$0
Adam Dean	Director	0.00	Director	$0	$0	$0
Carol Heckman Esq	Director - Chair	0.00	Director	$0	$0	$0
Sister Marcia Ann Flutko	Director	0.00	Director	$0	$0	$0
Nelson J Grimm PhD	Director	0.00	Director	$0	$0	$0
Emily H Jerge MS RN CHSE	Director	0.00	Director	$0	$0	$0
Toni Murphy DO	Director	0.00	Director	$0	$0	$0
Monsignor Robert E Zapfel	Director	0.00	Director	$0	$0	$0
Alexis Agnello	Director	0.00	Director	$0	$0	$0
Joyce Markiewicz	Chief Business Development Officer President & CEO	0.00	Officer	$0	$81,890	$1,168,362
David Macholz	Chief Finance Officer	0.00	Officer	$0	$80,342	$752,384
Dr Michael Galang	Senior VP, Chief Informati	0.00	Officer	$0	$72,873	$586,616
Hans Cassagnol	Executive VP, Chief Physic	0.00	Officer	$0	$62,247	$718,041
William Pryor	Executive VP, Chief Admin.	0.00	Officer	$0	$68,469	$592,564
Bartholomew Rodrigues	Chief Mission Officer	0.00	Officer	$0	$62,942	$340,300
James Garvey	Executive VP, Chief Operat	0.00	Officer	$0	$66,683	$840,358
Rebecca McCormick Boyle	Chief Integration Officer	0.00	Officer	$0	$27,612	$284,523
Lisa Cilano	Senior VP, RMC & Business	0.00	Key Emp	$0	$114,286	$467,151
Martin Boryszak	Senior VP of Acute Care &	0.00	Key Emp	$0	$56,537	$654,068
Dr James Fitzpatrick	Physician	55.00	Highest	$274,785	$67,698	$342,483
Dr Michael Gough	Physician	55.00	Highest	$460,552	$47,918	$508,470
Dr Erik Diringer	Physician	55.00	Highest	$407,881	$18,762	$426,643
Edward Stehlik	Director	55.00	Highest	$417,666	$21,775	$439,441
Dr Tarvinder Gilotra	Physician	55.00	Highest	$245,801	$12,752	$258,553

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	$197,082,562	$201,960,781	$146,972,942	$-4,878,219
2022	$174,142,129	$197,890,839	$140,014,687	$-23,748,710
2021	$183,047,458	$186,317,157	$168,890,074	$-3,269,699
2020	$171,988,516	$176,386,169	$174,755,445	$-4,397,653
2019	$174,717,618	$176,827,654	$169,668,527	$-2,110,036
2018	$181,560,612	$174,241,886	$167,922,912	$7,318,726

Kenmore Mercy Hospital