St Mary's Health System (EIN 222504349) - 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

1983

Legal Domicile

Principal Officer

Cindy Segar Miller

Phone

2079071233

Tax Period

2023-01-01 to 2023-12-31

St Mary's Health System, founded in 1983, is a community nonprofit in the Health Care sector that reported $4.5M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 26% operating margin.

Mission

As an entity, St. Mary's Health System provides administrative oversight, management resources, and supportive services to advance comprehensive, preventative, and healing services for the patients, employees, and the local business community of its affiliated organizations.

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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 $0

Program Service Revenue $3,596,861

Investment Income $486,099

Other Revenue $409,754

TOTAL REVENUE $4,492,714

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,960,157

Fundraising Expenses $0

Program Expenses $2,659,344

Other Expenses $360,844

TOTAL EXPENSES $3,321,001

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,492,714	$3,470,089	+0.3%
Expenses	$3,321,001	$3,663,478	-0.1%
Net Income	$1,171,713	$-193,389	-7.1%

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

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

$2,416,807

Total Directors

$885,190

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeffery Davila MD	Director	0.20	Director	$0	$11,248	$693,543
Anne Brown MD	Director (end 11/2023)	0.30	Director	$0	$38,770	$191,647
David Geiger Esq	Director	0.30	Director	$0	$0	$0
Ralph Harder MD	Director	0.60	Director	$0	$0	$0
Lena Jo Hartley	Director	0.60	Director	$0	$0	$0
John Isaacson	Director	0.30	Director	$0	$0	$0
Deacon Denis Mailhot	Director	0.30	Director	$0	$0	$0
Kathy McManus	Director	0.60	Director	$0	$0	$0
Steve Ouellette	Director	0.50	Director	$0	$0	$0
Mark Anthoine	Chair	1.00	Officer Director	$0	$0	$0
Stephen Grubbs	Covenant Health, President & CEO	0.10	Officer	$0	$38,604	$841,706
Cindy Segar-Miller	President & CEO	0.10	Officer	$0	$0	$177,283
Steve Jorgensen	President & CEO (end 8/2023)	0.10	Officer	$0	$22,615	$795,404
Joseph Marino	CFO & Treasurer	0.10	Officer	$0	$2,328	$223,716
Donald Bevers	CFO & Treasurer (end 4/2023)	0.10	Officer	$0	$25,622	$289,235
Cynthia Scott	Secretary	0.10	Officer	$0	$15,569	$89,463
Kara Clark NP	Nurse Practitioner	40.00	Highest	$123,284	$24,711	$147,995
Alan Bean MD	Physician	40.00	Highest	$120,970	$24,514	$145,484

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	$4,492,714	$3,321,001	$7,363,292	$1,171,713
2022	$3,470,089	$3,663,478	$9,743,191	$-193,389
2021	$3,469,341	$3,289,673	$11,831,173	$179,668
2020	$3,217,652	$3,330,474	$10,638,200	$-112,822
2019	$4,242,956	$5,482,563	$14,187,441	$-1,239,607
2018	$4,864,945	$5,388,128	$19,919,981	$-523,183

St Mary's Health System