Mount St Mary's Hospital of Niagara Falls (EIN 161523353) - 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

1907

Legal Domicile

Principal Officer

Mark Sullivan

Phone

7168282974

Tax Period

2023-01-01 to 2023-12-31

Mount St Mary's Hospital of Niagara Falls, founded in 1907, is a major nonprofit in the Health Care sector that reported $149.6M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $131.5M left a modest 12% surplus.

Mission

The Mission of Mount St. Mary's Hospital of Niagara Falls, 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 Mount St. Mary's Hospital of Niagara Falls 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 $32,935,068

Program Service Revenue $109,911,271

Investment Income $129,941

Other Revenue $6,584,905

TOTAL REVENUE $149,561,185

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,957,625

Fundraising Expenses $0

Program Expenses $104,610,730

Other Expenses $61,511,497

TOTAL EXPENSES $131,469,122

Year-over-Year Comparison

	2023	2022	Change
Revenue	$149,561,185	$107,224,283	+0.4%
Expenses	$131,469,122	$128,342,443	+0.0%
Net Income	$18,092,063	$-21,118,160	-1.9%

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

988

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

$7,585,093

Total Directors

$3,274,605

Key Employees

$1,508,256

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Sullivan	President and CEO	0.00	Officer Director	$0	$104,188	$1,740,064
Walter Ludwig	Director	0.00	Director	$0	$61,647	$432,051
Russell Edwards	VP Finance & Corporate Con	0.00	Director	$0	$20,105	$251,689
Charles Urlaub	President & CEO MSM	55.00	Officer Director	$486,698	$75,182	$561,880
Aaron Chang	Director	0.00	Director	$0	$23,590	$288,921
Carol Heckman Esq	Director - Chair	0.00	Director	$0	$0	$0
Sister Marcia Ann Fiutko	Director	0.00	Director	$0	$0	$0
Douglas Bean	Director	0.00	Director	$0	$0	$0
Anthony Burgio	Director	0.00	Director	$0	$0	$0
Monsignor Robert E Zapfel	Director - Vice Chair	0.00	Director	$0	$0	$0
Adam Dean	Director	0.00	Director	$0	$0	$0
Alexis Agnello	Director	0.00	Director	$0	$0	$0
Emily H Jerge MSRNCHSE	Director	0.00	Director	$0	$0	$0
Toni Murphy DO	Director	0.00	Director	$0	$0	$0
Nelson J Grimm PhD	Director	0.00	Director	$0	$0	$0
Joyce Markiewicz	Chief Business Development Predsident & CEO	0.00	Officer	$0	$81,890	$1,168,362
David Macholz	Chief Finance Officer	0.00	Officer	$0	$80,342	$752,385
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 M 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
Leonardo Sette-Camara	General Counsel - Secretar	0.00	Key Emp	$0	$46,568	$387,036
Lisa Cilano	Senior VP, RMC & Business	0.00	Key Emp	$0	$114,286	$467,152
Martin Boryszak	Senior VP of Acute Care &	0.00	Key Emp	$0	$56,537	$654,068
Dr Parag Parikh	Physician	55.00	Highest	$612,434	$28,149	$640,583
Dr Gregory Sambuchi	Physician	55.00	Highest	$391,925	$62,622	$454,547
Dr Stephen Watkins	Physician	55.00	Highest	$615,633	$18,235	$633,868
Dr Joseph Andrzejewski	Physician	55.00	Highest	$385,011	$33,197	$418,208
Robert Taylor	Physician	55.00	Highest	$388,769	$30,832	$419,601

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	$149,561,185	$131,469,122	$139,539,911	$18,092,063
2022	$107,224,283	$128,342,443	$123,818,443	$-21,118,160
2021	$119,030,413	$119,688,485	$85,822,879	$-658,072
2020	$104,866,905	$104,077,183	$68,281,955	$789,722
2019	$98,387,590	$107,000,712	$62,321,979	$-8,613,122
2018	$99,584,342	$100,703,076	$52,515,783	$-1,118,734

Mount St Mary's Hospital of Niagara Falls