ALVERNO PROVENA HOSPITAL LABORATORIES INC (EIN 203238867) - 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

2005

Legal Domicile

Principal Officer

DALE KAHN

Phone

2198034789

Tax Period

2024-01-01 to 2024-12-31

ALVERNO PROVENA HOSPITAL LABORATORIES INC, founded in 2005, is a major nonprofit in the Health Care sector that reported $199.1M in total revenue in fiscal year 2024.

Mission

BRINGING CHRIST'S MINISTRY TO THOSE WE SERVE THROUGH TIMELY HIGH-QUALITY LABORATORY TESTING TO OUR 14 NOT-FOR-PROFIT HOSPITALS AND AFFILIATES LOCATED THROUGHOUT ILLINOIS AND INDIANA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $198,498,603

Investment Income $582,089

Other Revenue $0

TOTAL REVENUE $199,080,692

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $181,271,255

Other Expenses $199,120,369

TOTAL EXPENSES $199,120,369

Year-over-Year Comparison

	2024	2023	Change
Revenue	$199,080,692	$194,090,219	+0.0%
Expenses	$199,120,369	$194,137,980	+0.0%
Net Income	$-39,677	$-47,761	-0.2%

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

$1,814,142

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS GRYZBEK	CHAIR	1.00	Officer Director	$0	$0	$0
DOUG CARTER	VICE CHAIR (TERM JAN24)	1.00	Officer Director	$0	$0	$0
ROBERT SUMTER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JENNIFER MARION	DIRECTOR	1.00	Director	$0	$0	$0
MARK FRITSCH MD	DIRECTOR	1.00	Director	$0	$0	$0
DEAN HOBSON	DIRECTOR	1.00	Director	$0	$0	$0
DR JAMES CALLAGHAN	DIRECTOR	1.00	Director	$0	$0	$0
DR JANIS ATKINSON	DIRECTOR	1.00	Director	$0	$0	$0
SAMUEL C TERESE	CEO/PRESIDENT	32.00	Officer	$0	$34,547	$787,199
STEVEN G WOJNICKI	VP FINANCE	32.00	Officer	$0	$34,273	$484,266
BERNARD H HENRY	VP HUMAN RESOURCES	32.00	Officer	$0	$33,467	$403,785
D MICHELE LANGE	HR DIRECTOR (START DEC24)	40.00	Officer	$0	$12,611	$138,892
SHIRLEY KOREN	REGIONAL LAB DIRECTOR	40.00	Highest	$0	$36,551	$217,074
ROBIN ADES	REGIONAL LAB DIRECTOR	40.00	Highest	$0	$20,701	$197,150
ABDELRAHMAN ABDELHADI	ASSOCIATE REGIONAL LAB DIRECTOR	40.00	Highest	$0	$35,523	$197,094
JENNIFER BINDER	LAB DIRECTOR III	40.00	Highest	$0	$19,582	$164,660
CHAD HANSON	LAB DIRECTOR III	40.00	Highest	$0	$31,315	$172,455

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	$199,080,692	$199,120,369	$22,284,584	$-39,677
2023	$194,090,219	$194,137,980	$25,578,423	$-47,761
2022	$199,008,778	$198,982,904	$22,784,498	$25,874
2021	$191,626,087	$191,616,893	$27,250,594	$9,194
2020	$178,290,447	$178,297,312	$16,711,668	$-6,865
2019	$148,448,090	$148,458,052	$16,234,314	$-9,962
2018	$134,609,823	$134,620,359	$15,073,573	$-10,536

ALVERNO PROVENA HOSPITAL LABORATORIES INC