SAINT PETER'S UNIVERSITY HOSPITAL (EIN 221487330) - 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

LESLIE D HIRSCH

Phone

7327458600

Tax Period

2024-01-01 to 2024-12-31

SAINT PETER'S UNIVERSITY HOSPITAL, founded in 1907, is a major nonprofit in the Health Care sector that reported $650.1M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $609.4M left a modest 6% surplus.

Mission

THE ORGANIZATION IS COMMITTED TO HUMBLE SERVICE TO HUMANITY, ESPECIALLY THE POOR, THROUGH COMPETENCE AND GOOD STEWARDSHIP OF RESOURCES.

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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 $18,868,374

Program Service Revenue $604,714,212

Investment Income $21,881,603

Other Revenue $4,661,096

TOTAL REVENUE $650,125,285

Expense Breakdown

Grants Paid $124,860

Salaries & Benefits $359,951,084

Fundraising Expenses $0

Program Expenses $481,515,119

Other Expenses $249,326,940

TOTAL EXPENSES $609,402,884

Year-over-Year Comparison

	2024	2023	Change
Revenue	$650,125,285	$584,565,841	+0.1%
Expenses	$609,402,884	$565,533,375	+0.1%
Net Income	$40,722,401	$19,032,466	+1.1%

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

4236

Volunteers

123

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

$3,763,547

Total Directors

$2,051,343

Key Employees

$5,076,814

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Leslie D Hirsch FACHE	Trustee - President/CEO	55.0	Officer Director	$0	$314,342	$2,051,343
Arkady Broder MD	Gastroenterologist	55.0	Highest	$1,265,441	$51,815	$1,317,256
Lindsay G Arthur MD	Chairman - Surgery	55.0	Highest	$1,046,861	$49,462	$1,096,323
David E Jacob MD	Cardiologist	55.0	Highest	$1,039,815	$35,761	$1,075,576
Andrew S Korman MD	Gastroenterologist	55.0	Highest	$992,891	$44,058	$1,036,949
Sugirdhana Velpari MD	Gastroenterologist	55.0	Highest	$890,977	$55,680	$946,657
Garrick J Stoldt FHFMA CPA	Treasurer - CFO SPHCS	55.0	Officer	$0	$124,429	$921,286
Niranjan V Rao MD	Chief Medical Officer	55.0	Officer	$0	$109,297	$790,918
Alma S Ratcliffe MD	VP;CHIEF CLINICAL TRANSF. OFF.	55.0	Key Emp	$0	$106,967	$789,344
Jordan M Tannenbaum MDMBA	VP; CIO/CMIO	55.0	Key Emp	$0	$106,589	$715,268
Linda Carroll MSN RN-BC	CNO/VP Patient Care Services	55.0	Key Emp	$597,982	$106,214	$704,196
Alyssa A Verderami Esq	Secretary-VP Legal & Risk Mgt	55.0	Key Emp	$0	$107,467	$657,525
Nayan K Kothari MD	Chief Academic Officer	55.0	Key Emp	$507,980	$38,887	$546,867
Lisa M Drumbore	VP; Chief Experience Officer	55.0	Key Emp	$0	$76,828	$502,604
Barbara J Griffiths-Welsh	Chief Compliance Officer	55.0	Key Emp	$0	$85,486	$466,581
LAURA ATKINSON	VP; CHIEF HR OFF.(Term 7/24)	55.0	Key Emp	$0	$26,300	$368,551
William J Rears	Chief Technology Officer	55.0	Key Emp	$0	$47,702	$325,878
Vincent J Dicks	Chairman - Trustee	1.0	Officer Director	$0	$0	$0
Racheal Ankrah-Fosu	Trustee	1.0	Director	$0	$0	$0
Judith T Caruso DNP MBA	Trustee	1.0	Director	$0	$0	$0
Maureen Cernadas MD	TRUSTEE	1.0	Director	$0	$0	$0
Leonardo DeCandia	Trustee	1.0	Director	$0	$0	$0
Rev Monsignor John N Fell	Trustee	1.0	Director	$0	$0	$0
Alfred J Gaburo Jr	Trustee	1.0	Director	$0	$0	$0
Naveen Mehrotra MD	Trustee - Pres Med Staff	1.0	Director	$0	$0	$0
Kevin Nini MD	Trustee	1.0	Director	$0	$0	$0
Carol A Purcell	Trustee	1.0	Director	$0	$0	$0
DAVID SAMUEL PE PP CME	TRUSTEE	1.0	Director	$0	$0	$0
Rev Jon Toborowsky VG	Trustee	1.0	Director	$0	$0	$0
Christopher Gribbon MD	TRUSTEE (TERMED 2/24)	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	$650,125,285	$609,402,884	$627,351,000	$40,722,401
2023	$584,565,841	$565,533,375	$597,482,000	$19,032,466
2022	$582,115,621	$532,926,906	$552,434,880	$49,188,715
2021	$579,936,246	$509,478,261	$561,403,535	$70,457,985
2020	$493,767,895	$475,055,076	$551,676,690	$18,712,819
2019	$487,186,110	$467,013,413	$442,805,277	$20,172,697
2018	$474,091,228	$458,461,883	$414,283,000	$15,629,345

SAINT PETER'S UNIVERSITY HOSPITAL