LOURDES ANCILLARY SERVICES

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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

1993

Legal Domicile

Principal Officer

REGINALD BLABER MD

Phone

8568243471

Tax Period

2017-07-01 to 2018-06-30

LOURDES ANCILLARY SERVICES, founded in 1993, is a small nonprofit in the Health Care sector that reported $984K in total revenue in fiscal year 2017. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

WE, LOURDES HEALTH SYSTEM AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES. IN THE TRADITION OF THE FRANCISCAN SISTERS OF ALLEGANY, NEW YORK, WE SERVE ALL WHO COME TO US WITH REVERENCE AND INTEGRITY IN A SIMPLE, JOYFUL AND HOSPITABLE MANNER. LOURDES ANCILLARY SERVICES IS A MEMBER OF LOURDES HEALTH SYSTEM AND TRINITY HEALTH.

Program Service Accomplishments

Program 1

Expenses: $904,526 Revenue: $3,750

LOURDES ANCILLARY SERVICES PROVIDES AUXILIARY SERVICES, PRINCIPALLY TO RELATED HEALTH CARE ORGANIZATIONS WITHIN THE LOURDES HEALTH SYSTEM.

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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 (2017)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $980,746

Other Revenue $3,750

TOTAL REVENUE $984,496

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $904,526

Other Expenses $1,005,029

TOTAL EXPENSES $1,005,029

Year-over-Year Comparison

	2017	2016	Change
Revenue	$984,496	$813,929	+0.2%
Expenses	$1,005,029	$836,712	+0.2%
Net Income	$-20,533	$-22,783	-0.1%

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

N/A

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

$4,242,640

Total Directors

$3,681,652

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDER HATALA	TRUSTEE, CHAIR&PRES/CEO LHS THR 8/17	1.00	Officer Director	$0	$253,891	$955,327
REGINALD BLABER MD	TRUSTEE, CHAIR & PRES LHS AS OF 8/17	1.00	Officer Director	$0	$42,601	$976,967
PHILIP BERNARDI	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN FOX MD	TRUSTEE AS OF 12/17; PRES LMA/HMSO	1.00	Director	$0	$44,594	$961,327
BARBARA HOLFELNER	TRUSTEE AS OF 12/17;LHS VP PT SAFETY	1.00	Director	$0	$31,068	$259,275
MARK NESSEL	TRUSTEE AS OF 12/17; LHS EVP & COO	1.00	Director	$0	$45,822	$528,756
LEROY ROSENBERG	TRUSTEE THROUGH 8/17	1.00	Director	$0	$0	$0
MICHAEL HAMMOND	TREASURER; CFO MID-ATLANTIC REGION	1.00	Officer	$0	$43,165	$605,853
JENNIFER SCHWARTZ	SEC & VP LEGAL/GNRL CNSL THR 5/18	1.00	Officer	$0	$42,487	$537,233
MICHAEL HEMSLEY	SEC AS OF 6/18; TH DEPUTY GNL CNSL	1.00	Officer	$0	$58,885	$941,975
CINDY PERR	ASST SEC AS OF 6/18; DEPUTY GNL CNSL	1.00	Officer	$0	$13,875	$225,285

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
2018	$984,496	$1,005,029	$32,161,852	$-20,533