HOLY NAME MEDICAL CENTER INC (EIN 221487322) - 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

1958

Legal Domicile

Principal Officer

MICHAEL MARON

Phone

2018337016

Tax Period

2024-01-01 to 2024-12-31

HOLY NAME MEDICAL CENTER INC, founded in 1958, is a major nonprofit in the Health Care sector that reported $596.5M in total revenue in fiscal year 2024.

Mission

TO PROVIDE MEDICALLY NECESSARY HEALTHCARE SVCS TO INDIVIDUALS IN THE COMMUNITY REGARDLESS OF RACE, COLOR, CREED, SEX, GENDER IDENTITY, NAT'L ORIGIN, AGE, DISABILITY OR ABILITY TO PAY.

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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 $14,843,773

Program Service Revenue $572,798,889

Investment Income $4,659,531

Other Revenue $4,165,310

TOTAL REVENUE $596,467,503

Expense Breakdown

Grants Paid $2,192,511

Salaries & Benefits $242,291,406

Fundraising Expenses $0

Program Expenses $520,891,446

Other Expenses $353,297,536

TOTAL EXPENSES $597,781,453

Year-over-Year Comparison

	2024	2023	Change
Revenue	$596,467,503	$560,855,952	+0.1%
Expenses	$597,781,453	$552,986,664	+0.1%
Net Income	$-1,313,950	$7,869,288	-1.2%

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

3229

Volunteers

510

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

$3,453,062

Total Directors

$3,245,617

Key Employees

$3,319,600

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MARON	TRUSTEE - PRESIDENT & CEO	55.0	Officer Director	$2,394,978	$58,230	$2,453,208
Vasantha K Kondamudi	EVP, Chief Medical Officer	55.0	Key Emp	$990,620	$86,105	$1,076,725
SAIKRISHNAN KANDAMANGALAM	EVP, CHIEF INFORMATION OFFICER	55.0	Key Emp	$815,929	$208,223	$1,024,152
JONATHAN H LEE	MEDICAL DIRECTOR, ONCOLOGY	55.0	Highest	$897,971	$47,043	$945,014
RYAN KENNEDY CPA	EVP/CFO (Term 8/31/24)	55.0	Officer	$604,106	$68,876	$672,982
STEVEN L MOSSER	EVP, OPERATIONS	55.0	Key Emp	$548,014	$62,292	$610,306
MICHELE ACITO DNP RN NE-BC	EVP, CHIEF NURSING OFFICER	55.0	Key Emp	$572,799	$35,618	$608,417
RAJASEKAR PALANISAMY	VP, HEAD OF SOFTWARE DEV	55.0	Highest	$550,668	$56,684	$607,352
Dennis W Sparks	VP, Human Resources, CHRO	55.0	Highest	$538,669	$63,259	$601,928
RON WHITE MD	DIRECTOR, RISK (term 9/08/24)	55.0	Highest	$516,691	$39,830	$556,521
NANCY PALAMARA	VP, DIAGNOSTICS	55.0	Highest	$495,631	$43,877	$539,508
MICHAEL SKVARENINA	FORMER KEY EMPLOYEE	0.0		$285,118	$42,532	$327,650
Santo Gencarelli CPA	VP, Finance	55.0	Officer	$275,098	$51,774	$326,872
RANDY TARTACOFF MD	TRUSTEE - PRESIDENT MED STAFF	55.0	Director	$303,456	$21,600	$325,056
MAUREEN c DONOHUE	TRUSTEE	1.0	Director	$0	$39,026	$244,776
Sean O'Rourke	FORMER KEY EMPLOYEE	0.0		$241,265	$1,716	$242,981
DAVID BUTLER MD	TRUSTEE	55.0	Director	$0	$25,430	$222,577
FERNANDO GARIP	CHAIRPERSON - TRUSTEE	1.0	Officer Director	$0	$0	$0
JAMES DOWLING	VICE CHAIRPERSON - TRUSTEE	1.0	Officer Director	$0	$0	$0
JOHN M GERAGHTY	SECRETARY - TRUSTEE	1.0	Officer Director	$0	$0	$0
TED A CARNEVALE CPA	TREASURER - TRUSTEE	1.0	Officer Director	$0	$0	$0
Angelica Berrie	Trustee	1.0	Director	$0	$0	$0
Stephen Borg	Trustee	1.0	Director	$0	$0	$0
DALE A CREAMER	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL R DRESSLER ESQ	TRUSTEE	1.0	Director	$0	$0	$0
Sister Susan Francois	Trustee	1.0	Director	$0	$0	$0
JOSEPH A FRASCINO MD	TRUSTEE	1.0	Director	$0	$0	$0
Alexandra Garcia-Watts	Trustee	1.0	Director	$0	$0	$0
DANIEL LEBER	TRUSTEE	1.0	Director	$0	$0	$0
Margarette Lee Esq	Trustee	1.0	Director	$0	$0	$0
Selwyn Levine MD	Trustee	1.0	Director	$0	$0	$0
SISTER ANTOINETTE MOORE CSJP	TRUSTEE	1.0	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	$596,467,503	$597,781,453	$554,498,202	$-1,313,950
2023	$560,855,952	$552,986,664	$492,479,419	$7,869,288
2022	$524,882,640	$546,433,340	$497,398,141	$-21,550,700
2021	$523,084,132	$501,697,935	$528,811,451	$21,386,197
2020	$483,196,582	$445,147,031	$538,902,803	$38,049,551
2019	$462,911,503	$443,684,610	$414,463,274	$19,226,893
2018	$435,766,178	$412,580,544	$367,667,454	$23,185,634

HOLY NAME MEDICAL CENTER INC