BARBARA ANN KARMANOS CANCER HOSPITAL (EIN 201649466) - 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

2004

Legal Domicile

Principal Officer

BORIS PASCHE MD PHD

Phone

8005276266

Tax Period

2023-10-01 to 2024-09-30

BARBARA ANN KARMANOS CANCER HOSPITAL, founded in 2004, is a major nonprofit in the Diseases & Disorders sector that reported $572.6M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $509.4M left a modest 11% surplus.

Mission

THE BARBARA ANN KARMANOS CANCER HOSPITAL IS DEDICATED TO THE DELIVERY OF CANCER CARE SERVICES, THE TREATMENT AND CARE OF CANCER PATIENTS AND THE PREVENTION OF CANCER.

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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 $83,144

Program Service Revenue $569,368,319

Investment Income $1,459,527

Other Revenue $1,701,261

TOTAL REVENUE $572,612,251

Expense Breakdown

Grants Paid $952,943

Salaries & Benefits $124,913,840

Fundraising Expenses $0

Program Expenses $457,305,514

Other Expenses $383,582,692

TOTAL EXPENSES $509,449,475

Year-over-Year Comparison

	2023	2022	Change
Revenue	$572,612,251	$468,910,123	+0.2%
Expenses	$509,449,475	$434,686,052	+0.2%
Net Income	$63,162,776	$34,224,071	+0.8%

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

1125

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

$1,592,953

Total Directors

$13,124,920

Key Employees

$1,235,646

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP INCARNATI	BOARD MEMBER	1.00	Director	$0	$48,318	$11,859,773
SYED RAZA	PHYSICIAN MANAGER	40.00	Highest	$1,028,084	$16,514	$1,044,598
JEFFREY HOTALING	PHYSICIAN MANAGER	40.00	Highest	$990,265	$16,514	$1,006,779
BRIAN GAMBLE	PRESIDENT KCC	41.00	Officer Director	$0	$38,067	$797,334
NATASHA ROBINETTE	SERVICE CHIEF RADIOLOGY	40.00	Highest	$688,308	$16,514	$704,822
DAVID STERNBERG	PHYSICIAN MANAGER	40.00	Highest	$617,581	$30,042	$647,623
HUSSEIN AOUN	RADIOLOGIST	40.00	Highest	$599,350	$43,324	$642,674
REGINA DOXTADER	VP CFO & SECRETARY	21.00	Officer	$0	$23,984	$363,806
CHRISTOPHER D GRAUNSTADT	VP, OPERATIONS	40.00	Key Emp	$310,601	$35,566	$346,167
KATHLEEN CAROLIN	VP, CHIEF NURSING OFFICER	40.00	Key Emp	$296,892	$21,100	$317,992
JACOB BURMEISTER	CHIEF OF PHYSICS	40.00	Key Emp	$287,452	$12,949	$300,401
STEPHEN SMITH	VP CHIEF PHARMACY OFFICER	40.00	Key Emp	$259,781	$11,305	$271,086
BORIS PASCHE MD	BOARD MEMBER/PRESIDENT KCI	1.00	Officer Director	$0	$2,048	$248,833
GEORGE H YOO MD	CHIEF MEDICAL OFFICER	41.00	Officer Director	$182,980	$0	$182,980
TIMOTHY MONAHAN	BOARD MEMBER	1.00	Director	$0	$0	$36,000
SCOTT HUNTER	BOARD MEMBER/CHAIR	1.00	Officer Director	$0	$0	$0
JIM BENNETHUM	BOARD MEMBER - PART YEAR	1.00	Director	$0	$0	$0
KAREN CULLEN	BOARD MEMBER - PART YEAR	1.00	Director	$0	$0	$0
GEANEEN M ARENDS	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARI FERBER-KAUFMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SYLVESTER HESTER	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL DUHAIME	BOARD MEMBER	1.00	Director	$0	$0	$0
MYRON FRASIER	BOARD MEMBER - PART YEAR	1.00	Director	$0	$0	$0
TOM KALAS	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL RET	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID E DUPREY	BOARD MEMBER	1.00	Director	$0	$0	$0
KIMBERLY ESPY	BOARD MEMBER	1.00	Director	$0	$0	$0
ABHINAV DEOL MD	BOARD MEMBER - PART YEAR	1.00	Director	$0	$0	$0
WAEL SAKR	BOARD MEMBER	1.00	Director	$0	$0	$0

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	$572,612,251	$509,449,475	$237,115,927	$63,162,776
2023	$468,910,123	$434,686,052	$268,756,956	$34,224,071
2023	$468,910,123	$434,686,052	$268,756,956	$34,224,071
2022	$402,469,972	$377,588,451	$204,595,141	$24,881,521
2021	$374,893,071	$354,322,783	$299,240,270	$20,570,288
2020	$324,568,138	$304,003,178	$267,671,466	$20,564,960
2019	$304,637,537	$288,041,032	$225,571,437	$16,596,505
2018	$279,850,206	$267,682,164	$199,390,031	$12,168,042

BARBARA ANN KARMANOS CANCER HOSPITAL