CROUSE HEALTH SYSTEM 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

2003

Legal Domicile

Principal Officer

SETH KRONENBERG MD

Phone

3154707111

Tax Period

2023-01-01 to 2023-12-31

Mission

CROUSE HEALTH SYSTEM, INC. IS FORMED TO SUPPORT CROUSE HEALTH HOSPITAL, INC. IN ITS DELIVERY OF AN INTERGRATED HEALTH CARE SYSTEM. ADDITIONALLY, CROUSE HEALTH SYSTEM INC. WILL SECURE, RAISE AND ARRANGE CAPITAL; PROMOTE EDUCATION OF GRADUATE AND UNDERGRADUATE MEDICAL STUDENTS AND OTHER HEALTHCARE PROFESSIONALS; ADVANCE SCIENCE THROUGH CLINICAL RESEARCH; AND INVEST IN FOR-PROFIT ACTIVITIES THAT ARE CONSISTENT WITH, AND IN FURTHERANCE OF, ITS CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES.

Program Service Accomplishments

Program 1

EXPENSES INCURRED IN CONNECTION WITH THE SUPPORT OF CROUSE HEALTH HOSPITAL, INC. IN ITS DELIVERY OF AN INTERGRATED HEALTHCARE SYSTEM. ADDITIONALLY, CROUSE HEALTH SYSTEM, INC. WILL SECURE, RAISE AND...

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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

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

$1,464,493

Total Directors

$123,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH HARTNETT	DIRECTOR, BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
PATRICK MANNION	DIRECTOR, BOARD CHAIR	1.00	Officer Director	$0	$0	$0
PAUL KRONENBERG MD	DIRECTOR, BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
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
PATRICIA BLACK	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
J MICHAEL HAYNIE	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS HARTZHEIM MD	DIRECTOR	1.00	Director	$0	$0	$123,000
EDWARD BARNO	DIRECTOR	1.00	Director	$0	$0	$0
MARY COTTER	DIRECTOR	1.00	Director	$0	$0	$0
MELVIN STITH PHD	DIRECTOR	1.00	Director	$0	$0	$0
SETH KRONENBERG MD	PRESIDENT & CEO	1.00	Officer	$0	$61,469	$984,102
KEVIN RANDALL	BOARD TREASURER/CFO	1.00	Officer	$0	$64,138	$480,391
KIMBERLY BOYNTON TO 3312023	FORMER CEO	1.00		$0	$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	No data	No data	$1,926,504	No data
2022	No data	No data	$1,926,504	No data
2021	$-351,546	$250	$1,926,504	$-351,796
2020	No data	No data	$2,278,300	No data
2019	$13,175	$13,175	$2,278,300	No data
2018	$196,735	$196,735	$2,278,300	No data