EASTERN NIAGARA HOSPITAL INC

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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

1979

Legal Domicile

Principal Officer

MARK KERCHER

Phone

7165145800

Tax Period

2022-01-01 to 2022-12-31

EASTERN NIAGARA HOSPITAL INC, founded in 1979, is a mid-sized nonprofit in the Health Care sector that reported $32.3M in total revenue in fiscal year 2022. Revenue decreased 6% compared to the prior year. Expenses of $37.5M exceeded revenue, resulting in a 16% operating deficit.

Mission

EASTERN NIAGARA HOSPITAL'S MISSION IS TO MEET THE HEALTH CARE NEEDS OF THE COMMUNITY WITH QUALITY, COMPASSIONATE, STATE OF THE ART AND PERSONALIZED MEDICAL CARE. ITS MOTTO OF "COMMITTED TO CARING" REFLECTS THE ONGOING FOCUS OF PHYSICIANS, STAFF AND VOLUNTEERS TO ENHANCE THE PHYSICAL, EMOTIONAL AND SOCIAL WELL-BEING OF EACH PATIENT WHOM THEY HAVE THE PRIVILEGE TO SERVE. THE HOSPITAL CONTINUOUSLY STRIVES TO IMPROVE ACCESS TO SERVICES, WHILE ENSURING PATIENT SATISFACTION THROUGH A SUPPORTIVE AND PROGRESSIVE ENVIRONMENT. IN CARRYING OUT ITS MISSION, EASTERN NIAGARA HOSPITAL SERVES AS A RESPONSIBLE EMPLOYER AND MAINTAINS FISCAL INTEGRITY IN ITS GOAL TO REMAIN A RELIABLE AND STRONG HEALTH CARE SYSTEM WILL INTO THE FUTURE.IN MARCH 2023, THE HOSPITAL ANNOUNCED PLANS TO CEASE OPERATIONS AND FORMALLY CLOSED IN JUNE 2023.

Program Service Accomplishments

Program 1

Expenses: $29,047,998 Revenue: $26,601,254

EASTERN NIAGARA HOSPITAL IS DEDICATED TO OFFERING QUALITY HEALTH CARE SERVICES TO THE COMMUNITIES OF EASTERN NIAGARA COUNTY. EASTERN NIAGARA HOSPITAL PROVIDES CHARITABLE INPATIENT AND OUTPATIENT...

EASTERN NIAGARA HOSPITAL IS DEDICATED TO OFFERING QUALITY HEALTH CARE SERVICES TO THE COMMUNITIES OF EASTERN NIAGARA COUNTY. EASTERN NIAGARA HOSPITAL PROVIDES CHARITABLE INPATIENT AND OUTPATIENT CARE, INCLUDING 24 HOUR EMERGENCY SERVICE TO ANY INDIVIDUAL REGARDLESS OF THEIR ABILITY TO PAY. IN ADDITION, THE HOSPITAL OPERATES A COMMUNITY MEDICAL CLINIC AND OFFERS NUMEROUS HEALTH CARE AWARENESS PROGRAMS, SMOKING CESSATION, PREGNANCY, HEALTHY HEART AND NUTRITIONAL COUNSELING.

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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 (2022)

Revenue Breakdown

Contributions & Grants $5,660,159

Program Service Revenue $24,752,845

Investment Income $2,755

Other Revenue $1,861,209

TOTAL REVENUE $32,276,968

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,870,995

Fundraising Expenses $0

Program Expenses $29,047,998

Other Expenses $15,625,107

TOTAL EXPENSES $37,496,102

Year-over-Year Comparison

	2022	2021	Change
Revenue	$32,276,968	$34,430,143	-0.1%
Expenses	$37,496,102	$35,973,539	+0.0%
Net Income	$-5,219,134	$-1,543,396	+2.4%

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

428

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

$544,629

Total Directors

$397,125

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN BRIODY-PETOCK	CHAIRMAN	2.00	Officer Director	$0	$0	$0
STEVEN SINCLAIR	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
JENNIFER STOLL PHD	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRISTOPHER BENEY MD	DIRECTOR	2.00	Director	$28,150	$0	$28,150
JANICE E ERRICK MD	DIRECTOR	2.00	Director	$0	$0	$0
JAMES E FERRINGTON DDS	DIRECTOR	2.00	Director	$0	$0	$0
DAVID E GODFREY	DIRECTOR	2.00	Director	$0	$0	$0
MARTIN R HORANBURG	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER SCHWARTZ MD	DIRECTOR	2.00	Director	$0	$0	$0
D MICHAEL SLATE MD	PRESIDENT MEDICAL STAFF	2.00	Director	$40,046	$0	$40,046
MARGARET THOMPSON	DIRECTOR	2.00	Director	$0	$0	$0
ANNE MCCAFFREY	DIRECTOR AND CEO	40.00	Officer Director	$303,814	$25,115	$328,929
MARK KERCHER	CHIEF FINANCIAL OFFICER	40.00	Officer	$215,700	$0	$215,700
MARALYN MILITELLO	DIRECTOR OF NURSING	40.00	Highest	$226,798	$10,718	$237,516
JOSEPH GIANSANTE	DIRECTOR OF HUMAN RESOURCE	40.00	Highest	$185,285	$96,579	$281,864
JOSEPH ROMANO	REIMBURSEMENT MANAGER	40.00	Highest	$123,719	$22,341	$146,060

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
2022	$32,276,968	$37,496,102	$11,942,825	$-5,219,134
2021	$34,430,143	$35,973,539	$14,089,776	$-1,543,396
2020	$44,088,479	$49,080,526	$15,697,829	$-4,992,047
2019	$55,405,853	$65,078,736	$19,873,383	$-9,672,883
2018	$66,014,436	$68,314,968	$30,250,781	$-2,300,532