KENNEDY UNIVERSITY HOSPITAL INC

EIN: 221773439 501(c)(3) Health Care

PHILADELPHIA, PA

Total Revenue
$779,678,321
Total Expenses
$782,911,904
Total Assets
$1,174,362,104
Net Assets
$499,208,211
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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
1965
Legal Domicile
NJ
Principal Officer
BRIAN SWEENEY RN MBA FACHE
Phone
8566615100
Tax Period
2022-07-01 to 2023-06-30

KENNEDY UNIVERSITY HOSPITAL INC, founded in 1965, is a major nonprofit in the Health Care sector that reported $779.7M in total revenue in fiscal year 2022.

Mission

THE MISSION OF KENNEDY UNIVERSITY HOSPITAL, INC. IS TO IMPROVE LIVES.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $10,508,333
Program Service Revenue $758,768,411
Investment Income $9,085,651
Other Revenue $1,315,926
TOTAL REVENUE $779,678,321

Expense Breakdown

Grants Paid $96,974
Salaries & Benefits $359,316,070
Fundraising Expenses $2,431,456
Program Expenses $659,761,347
Other Expenses $423,498,860
TOTAL EXPENSES $782,911,904

Year-over-Year Comparison

2022 2021 Change
Revenue $779,678,321 $722,110,488 +0.1%
Expenses $782,911,904 $698,423,952 +0.1%
Net Income $-3,233,583 $23,686,536 -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

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Governance

Voting Members
15
Independent Members
12
Employees
4934
Volunteers
60

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
6
$1,071,262
Total Directors
16
$738,086
Key Employees
2
$983,667
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN SWEENEY RN MBA FACHE TRUSTEE - PRESIDENT/COO 55.0
Officer Director
$0 $51,905 $738,086
HENRY R SCHUITEMA DO ER PHYSICIAN 55.0
Highest
$667,727 $41,218 $708,945
MARK CONDOLUCI DO PHYSICIAN 55.0
Highest
$604,008 $36,846 $640,854
JOSEPH G GAMBALE DO HOSPITALIST 55.0
Highest
$515,213 $30,732 $545,945
KELLY A WALENDA ESQ SVP LEGAL SERVICES 55.0
Key Emp
$421,812 $76,484 $498,296
HELENE BURNS DNP RN NEA-BC SVP/CHIEF NURSING OFFICER 55.0
Key Emp
$436,664 $48,707 $485,371
DAVID KOVALSKY DO PHYSICIAN 55.0
Highest
$431,036 $37,699 $468,735
DAVID MAY MD VP CHIEF PATIENT STAFF & QUAL 55.0
Highest
$429,632 $24,523 $454,155
JOSEPH W DEVINE FACHE FORMER OFFICER 0.0
$412,103 $9,559 $421,662
STEPHEN V DESTEFANO CPA VP FINANCE - JHNJ 55.0
Officer
$0 $14,206 $333,176
BRUCE J PAPARONE CHAIR - TRUSTEE 5.0
Officer Director
$0 $0 $0
JOHN P SILVESTRI VICE CHAIR - TRUSTEE 5.0
Officer Director
$0 $0 $0
JOHN E WALLACE JR ESQ SECRETARY - TRUSTEE 5.0
Officer Director
$0 $0 $0
WILLIAM R BARKER TREASURER - TRUSTEE 5.0
Officer Director
$0 $0 $0
ROBERT I BARSKY DO TRUSTEE 5.0
Director
$0 $0 $0
RONALD L CAPUTO TRUSTEE 5.0
Director
$0 $0 $0
DANIEL J DALTON TRUSTEE 5.0
Director
$0 $0 $0
ROBERT DISTANISLAO TRUSTEE 5.0
Director
$0 $0 $0
JOHN F DURANTE TRUSTEE 5.0
Director
$0 $0 $0
THOMAS J GALLIA EDD TRUSTEE 5.0
Director
$0 $0 $0
XIHAO HU TRUSTEE 5.0
Director
$0 $0 $0
JOSEPH A MARESSA JR ESQ TRUSTEE 5.0
Director
$0 $0 $0
MARK SCHUSTER DO TRUSTEE 5.0
Director
$0 $0 $0
ALBERT E SMITH CPA TRUSTEE 5.0
Director
$0 $0 $0
THOMAS A CAVALIERI DO TRUSTEE; EX-OFFICio(TERM 3/23) 5.0
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $779,678,321 $782,911,904 $1,174,362,104 $-3,233,583
2022 $722,110,488 $698,423,952 $1,180,613,061 $23,686,536
2021 $668,598,689 $657,075,600 $1,241,829,856 $11,523,089
2020 $577,049,990 $668,656,361 $1,169,795,148 $-91,606,371
2019 $644,686,232 $570,866,608 $1,199,906,759 $73,819,624
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