CENTRASTATE MEDICAL CENTER INC (EIN 221750190) - 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

1964

Legal Domicile

Principal Officer

THOMAS W SCOTT

Phone

7322947050

Tax Period

2023-01-01 to 2023-12-31

CENTRASTATE MEDICAL CENTER INC, founded in 1964, is a major nonprofit in the Health Care sector that reported $384.3M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

CENTRASTATE MEDICAL CENTER'S MISSION IS TO ENHANCE THE HEALTH AND WELL-BEING OF OUR COMMUNITIES THROUGH THE COMPASSIONATE DELIVERY OF QUALITY HEALTHCARE.

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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 $24,791,227

Program Service Revenue $352,837,084

Investment Income $3,409,724

Other Revenue $3,238,130

TOTAL REVENUE $384,276,165

Expense Breakdown

Grants Paid $3,508

Salaries & Benefits $173,620,135

Fundraising Expenses $0

Program Expenses $348,433,206

Other Expenses $213,523,974

TOTAL EXPENSES $387,147,617

Year-over-Year Comparison

	2023	2022	Change
Revenue	$384,276,165	$353,792,707	+0.1%
Expenses	$387,147,617	$379,581,592	+0.0%
Net Income	$-2,871,452	$-25,788,885	-0.9%

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

2416

Volunteers

258

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

$1,589,195

Total Directors

$2,035,462

Key Employees

$3,227,520

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS W SCOTT FACHE	TRUSTEE-PRESIDENT/CEO	55.0	Officer Director	$870,269	$56,253	$926,522
JAMES J MATERA MD	SVP/MEDICAL DIRECTOR	55.0	Key Emp	$775,843	$38,566	$814,409
DEBORAH ROMMEL-CONNORS MBA	VP REVENUE CYCLE	50.0	Key Emp	$640,112	$46,261	$686,373
JOHN A DELLOCONO	SVP/CFO	55.0	Officer	$602,968	$59,705	$662,673
AMIT S KHAROD MD	TRUSTEE	50.0	Director	$40,750	$31,030	$564,394
MOUSTAFA SHAFEY MD	MEDICAL DIR. - MENTAL HLTH	55.0	Highest	$356,673	$36,490	$393,163
CATHLEEN G JANZEKOVICH	VP, PATIENT SERVICES	50.0	Key Emp	$361,805	$28,423	$390,228
KAREN B FREEMAN MSA	VP QUALITY & PATIENT SAFETY	50.0	Key Emp	$348,303	$36,884	$385,187
HOWARD A STEIN MD	PHYSICIAN	50.0	Highest	$332,487	$36,051	$368,538
JAMES RICHVALSKY	VP, PHYS PRACT MGMT(TERM 8/23)	50.0	Highest	$333,604	$33,493	$367,097
NANCY BARONE	CSHCF VP OF DEVELOPMENT	50.0	Highest	$292,541	$42,379	$334,920
DANIELLE VANWERT	VP CLINICAL SERVICES	50.0	Key Emp	$286,551	$46,233	$332,784
VINCENT L D'ELIA	VP MRKTING PUBLIC/GOVT REL.	50.0	Key Emp	$285,284	$36,051	$321,335
KIMBERLY H SIMERS	AVP INTEGRATIVE HEALTH	50.0	Highest	$261,575	$39,870	$301,445
LAURA L SCHILARE	VP FINANCE	50.0	Key Emp	$262,217	$34,987	$297,204
DAVID A DE SIMONE ESQ	FORMER KEY EMPLOYEE	55.0		$263,333	$0	$263,333
KENNNETH ENG DO	TRUSTEE	50.0	Director	$0	$15,668	$260,442
JOHN P DETULLIO MD	TRUSTEE	50.0	Director	$0	$6,959	$212,104
ASHISH AWASTHI MD FACC	TRUSTEE	25.0	Director	$60,750	$0	$60,750
RAMANASRI KUDIPUDI MD	TRUSTEE	5.0	Director	$11,250	$0	$11,250
JOHN M CANTALUPO ESQ	CHAIR - TRUSTEE	1.0	Officer Director	$0	$0	$0
KENNETH J REILLY CWS	VICE CHAIR - TRUSTEE	1.0	Officer Director	$0	$0	$0
NADIA K BATCHELOR	SECRETARY/TREASURER-TRUSTEE	1.0	Officer Director	$0	$0	$0
JOHN F EGGERT	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT GORDON DDS	TRUSTEE	1.0	Director	$0	$0	$0
BRIAN GRAGNOLATI	TRUSTEE	55.0	Director	$0	$0	$0
MAUREEN M LAWRENCE	TRUSTEE	1.0	Director	$0	$0	$0
PETER G LICATA ESQ	TRUSTEE	1.0	Director	$0	$0	$0
BARABRA J MCMORROW	TRUSTEE	1.0	Director	$0	$0	$0
GERALD K NORKUS	TRUSTEE	1.0	Director	$0	$0	$0
MAUREEN A SCHNEIDER PHD MBA RN	TRUSTEE	55.0	Director	$0	$0	$0
WILLIAM A SCHORIES	TRUSTEE	1.0	Director	$0	$0	$0
STEVEN SHERIS MD FACC FACP	TRUSTEE	55.0	Director	$0	$0	$0
BRETT TAFT	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	No data	No data	No data	No data
2023	$384,276,165	$387,147,617	$442,523,512	$-2,871,452
2022	$353,792,707	$379,581,592	$400,044,996	$-25,788,885
2021	$348,797,120	$343,504,470	$417,960,014	$5,292,650
2020	$305,604,147	$299,562,840	$428,867,890	$6,041,307
2019	$314,232,821	$295,017,811	$369,390,040	$19,215,010
2018	$300,985,800	$283,487,460	$338,585,097	$17,498,340

CENTRASTATE MEDICAL CENTER INC