SHORE MEMORIAL HEALTH SYSTEM

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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

1987

Legal Domicile

Principal Officer

RONALD W JOHNSON

Phone

6096533545

Tax Period

2023-01-01 to 2023-12-31

SHORE MEMORIAL HEALTH SYSTEM, founded in 1987, is a micro nonprofit that reported $383K in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION FUNCTIONS AS THE PARENT CORPORATION OF AND SUPPORTS THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF SHORE MEMORIAL HEALTH SYSTEM AND AFFILIATES, INCLUDING SHORE MEDICAL CENTER, WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT INCLUDED IN SCHEDULE O.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

EXPENSES INCURRED IN SUPPORTING SHORE MEMORIAL HEALTH SYSTEM AND ITS AFFILIATES, INCLUDING SHORE MEDICAL CENTER, A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT HOSPITAL ORGANIZATION...

EXPENSES INCURRED IN SUPPORTING SHORE MEMORIAL HEALTH SYSTEM AND ITS AFFILIATES, INCLUDING SHORE MEDICAL CENTER, A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT HOSPITAL ORGANIZATION, WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.

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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 $-419,977

Investment Income $0

Other Revenue $37,160

TOTAL REVENUE $-382,817

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $110,845

TOTAL EXPENSES $110,845

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-382,817	$-336,581	+0.1%
Expenses	$110,845	$585,812	-0.8%
Net Income	$-493,662	$-922,393	-0.5%

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

$2,931,402

Total Directors

$1,521,361

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD W JOHNSON	TRUSTEE - CEO	55.0	Officer Director	$0	$93,794	$1,521,361
DAVID R HUGHES	PRESIDENT/CFO	55.0	Officer	$0	$96,644	$1,410,041
ROBERT J BRAY DDS MS	CHAIR - TRUSTEE	1.0	Officer Director	$0	$0	$0
CARMINE J TAGLIALATELLA JWC	VICE CHAIR - TRUSTEE	1.0	Officer Director	$0	$0	$0
SANDY TZAFEROS PHARMD	SECRETARY/ASST TREAS - TRUSTEE	1.0	Officer Director	$0	$0	$0
DAVID BEYEL	TREASURER/ASST SEC - TRUSTEE	1.0	Officer Director	$0	$0	$0
MICHAEL BRAY	TRUSTEE; EX-OFFICIO	1.0	Director	$0	$0	$0
RONALD B STABLINI CPA MBA	TRUSTEE; EX-OFFICIO	1.0	Director	$0	$0	$0
FERNANDO DELASOTTA MD	TRUSTEE	1.0	Director	$0	$0	$0
JAY GILLIAN	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	$-382,817	$110,845	$157,039	$-493,662
2022	$-336,581	$585,812	$153,075	$-922,393
2021	$-275,608	$194,045	$152,955	$-469,653
2020	$-277,496	$308,285	$219,500	$-585,781
2019	$-143,984	$218,659	$303,650	$-362,643
2018	$289,912	$221,812	$183,231	$68,100