CROUSE HEALTH HOSPITAL INC (EIN 160960470) - 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

1913

Legal Domicile

Principal Officer

SETH KRONENBERG MD

Phone

3154707111

Tax Period

2023-01-01 to 2023-12-31

CROUSE HEALTH HOSPITAL INC, founded in 1913, is a major nonprofit in the Health Care sector that reported $564.0M in total revenue in fiscal year 2023. Expenses of $533.8M left a modest 5% surplus.

Mission

TO PROVIDE THE BEST IN PATIENT CARE AND TO PROMOTE COMMUNITY HEALTH

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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 $8,474,733

Program Service Revenue $541,127,640

Investment Income $1,735,399

Other Revenue $12,645,720

TOTAL REVENUE $563,983,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $268,088,591

Fundraising Expenses $0

Program Expenses $472,470,648

Other Expenses $265,739,729

TOTAL EXPENSES $533,828,320

Year-over-Year Comparison

	2023	2022	Change
Revenue	$563,983,492	$533,348,298	+0.1%
Expenses	$533,828,320	$517,556,116	+0.0%
Net Income	$30,155,172	$15,792,182	+0.9%

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

3311

Volunteers

167

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

$2,341,880

Total Directors

$166,925

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK MANNION	DIRECTOR, BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ELIZABETH HARTNETT	DIRECTOR, BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
PAUL KRONENBERG MD	DIRECTOR, BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
EDWARD BARNO	DIRECTOR	1.00	Director	$0	$0	$0
MARY COTTER	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS HARTZHEIM MD	DIRECTOR	1.00	Director	$123,000	$0	$123,000
RICHARD RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MIRON	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA ASHKIN	DIRECTOR	1.00	Director	$0	$0	$0
PATTY BLACK	DIRECTOR	1.00	Director	$0	$0	$0
J MICHAEL HAYNIE	DIRECTOR	1.00	Director	$0	$0	$0
KENT SYVERUD	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY KENNEDY	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
MELVIN STITH PHD	DIRECTOR	1.00	Director	$0	$0	$0
LELAND JACKSON MD	EX OFFICIO	1.00	Director	$43,925	$0	$43,925
KIMBERLY ROSE	CHIEF INFORMATION OFFICER	36.00	Officer	$258,833	$52,009	$340,513
SETH KRONENBERG MD	PRESIDENT AND CEO	39.00	Officer	$632,967	$61,469	$984,102
KEVIN RANDALL	BOARD TREASURER/CFO	37.00	Officer	$328,727	$64,138	$480,391
DAVID LANDSBERG MD	CHIEF MEDICAL OFFICER	26.00	Officer	$156,091	$29,868	$273,485
LYNNE SHOPIRO	CHIEF NURSING OFFICER	40.00	Officer	$226,067	$37,322	$263,389
SOHEIL ALTAFI MD	PHYSICIAN	40.00	Highest	$535,829	$57,174	$593,003
KEVIN STIMSON MD	PHYSICIAN	40.00	Highest	$399,971	$74,979	$474,950
DAVID MASON MD	PHYSICIAN EMERGENCY DEPT	40.00	Highest	$439,923	$89,128	$529,051
GINA HAYES MD	PHYSICIAN	40.00	Highest	$394,826	$85,114	$479,940
MICHAEL JOROLEMON MD	PHYSICIAN	40.00	Highest	$395,169	$88,428	$483,597
KIMBERLY BOYNTON	FORMER CEO (TO 3/31/2023)	39.00		$1,094,218	$29,017	$1,528,328

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	$563,983,492	$533,828,320	$331,752,012	$30,155,172
2022	$533,348,298	$517,556,116	$289,637,124	$15,792,182
2021	$590,567,367	$475,565,878	$301,643,556	$115,001,489
2020	$440,287,658	$423,545,197	$301,906,146	$16,742,461
2019	$445,482,124	$437,850,264	$275,053,719	$7,631,860
2018	$440,365,826	$444,301,561	$286,982,807	$-3,935,735

CROUSE HEALTH HOSPITAL INC