NAZARETH HOME OF THE FRANCISCAN SI… - Form 990 Financial Data

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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

1950

Legal Domicile

Principal Officer

JOYCE MARKIEWICZ

Phone

7168282974

Tax Period

2023-01-01 to 2023-12-31

Mission

THE CATHOLIC HEALTH SYSTEM (CHS) MISSION IS TO PROVIDE QUALITY HEALTHCARE SERVICES IN A LONG TERM CARE SETTING. COMMITTED TO A COMMON MISSION, CHS PROVIDERS 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 2021 COMMUNITY SERVICE PLAN CAN BE FOUND AT WWW.CHSBUFFALO.ORG.

Program Service Accomplishments

Program 1

NAZARETH NURSING HOME WAS A 125 BED SKILLED NURSING FACILITY THAT CLOSED IN DECEMBER OF 2007.IN 2013, CATHOLIC HEALTH SYSTEM'S(CHS) CONSOLIDATED STATEMENT OF OPERATIONS AND CHANGES IN NET...

NAZARETH NURSING HOME WAS A 125 BED SKILLED NURSING FACILITY THAT CLOSED IN DECEMBER OF 2007.IN 2013, CATHOLIC HEALTH SYSTEM'S(CHS) CONSOLIDATED STATEMENT OF OPERATIONS AND CHANGES IN NET ASSETS,REFLECTED DISCONTINUED OPERERATION WITH NAZARETH NURSING FACILITY. CHS SOLD NAZARETH NURSING FACILITY.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	N/A	N/A
Expenses	N/A	N/A	N/A
Net Income	N/A	$0	N/A

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

N/A

Volunteers

N/A

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

$7,385,358

Total Directors

$3,636,750

Key Employees

$1,508,256

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
MARK SULLIVAN	PRESIDENT & CEO	Officer Director	$0	$104,188	$1,740,064
WALTER LUDWIG	DIRECTOR	Director	$0	$61,647	$432,051
RUSSELL EDWARDS	VP FINANCE/CORP.CONTROLLER	Director	$0	$20,105	$251,689
CHARLES URLAUB	DIRECTOR	Director	$0	$75,182	$561,880
AARON CHANG	PRESIDENT & CEO - SOC	Director	$0	$23,590	$288,921
THOMAS GLEASON	PRESIDENT & CEO OF HCBC	Officer Director	$0	$53,293	$362,145
DOUGLAS BEAN	DIRECTOR	Officer Director	$0	$0	$0
ANTHONY BURGIO	DIRECTOR	Director	$0	$0	$0
ADAM DEAN	DIRECTOR	Director	$0	$0	$0
CAROL HECKMAN ESQ	DIRECTOR - CHAIR	Director	$0	$0	$0
SISTER MARCIA ANN FIUTKO	DIRECTOR	Director	$0	$0	$0
NELSON J GRIMM PHD	DIRECTOR	Director	$0	$0	$0
EMILY H JERGE MS RN CHSE	DIRECTOR	Director	$0	$0	$0
TONI MURPHY DO	DIRECTOR	Director	$0	$0	$0
MONSIGNOR ROBERT E ZAPFEL	DIRECTOR - VICE CHAIR	Director	$0	$0	$0
ALEXIS AGNELLO	DIRECTOR	Director	$0	$0	$0
JOYCE MARKIEWICZ	CHIEF BUSINESS DEVELOPMENT OFFICE, PRESIDENT & CEO	Officer	$0	$81,890	$1,168,362
DAVID MACHOLZ	CHIEF FINANCE OFFICER	Officer	$0	$80,342	$752,385
DR MICHAEL GALANG	SENIOR VP, CHIEF INFORMATION OFFICER	Officer	$0	$72,873	$586,616
HANS CASSAGNOL	EXECUTIVE VP, CHIEF PHYSICIAN OFFICER	Officer	$0	$62,247	$718,041
WILLIAM PRYOR	EXECUTIVE VP, CHIEF ADMIN. OFFICER	Officer	$0	$68,469	$592,564
BARTHOLOMEW RODRIGUES	CHIEF MISSION OFFICER	Officer	$0	$62,942	$340,300
JAMES M GARVEY	EXECUTIVE VP, CHIEF OPERATING OFFICER	Officer	$0	$66,683	$840,358
REBECCA MCCORMICK BOYLE	CHIEF INTEGRATION OFFICER	Officer	$0	$27,612	$284,523
LEONARDO SETTE-CAMARA	GENERAL COUNSEL - SECRETARY	Key Emp	$0	$46,568	$387,036
LISA CILANO	SENIOR VP, RMC & BUSINESS ADVISORY	Key Emp	$0	$114,286	$467,152
MARTIN BORYAZAK	SENIOR VP OF ACUTE CARE & PRESIDENT OF MHB	Key Emp	$0	$56,537	$654,068

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	No data	No data	$2,959,751	No data
2022	No data	No data	$2,959,739	No data
2021	No data	No data	$2,952,176	No data
2020	No data	No data	$2,952,173	No data
2019	No data	No data	$2,952,018	No data
2018	No data	No data	$2,951,770	No data

NAZARETH HOME OF THE FRANCISCAN SISTERS