ABINGTON MEMORIAL HOSPITAL (EIN 231352152) - 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

1913

Legal Domicile

Principal Officer

BRIAN SWEENEY RN MBA FACHE

Phone

2154812851

Tax Period

2024-07-01 to 2025-06-30

ABINGTON MEMORIAL HOSPITAL, founded in 1913, is a major nonprofit in the Health Care sector that reported $899.3M in total revenue in fiscal year 2024. Expenses of $1.0B exceeded revenue, resulting in a 14% operating deficit.

Mission

THE MISSION OF ABINGTON MEMORIAL HOSPITAL D/B/A ABINGTON HOSPITAL - JEFFERSON HEALTH 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,910,130

Program Service Revenue $879,951,404

Investment Income $11,294,556

Other Revenue $6,123,744

TOTAL REVENUE $899,279,834

Expense Breakdown

Grants Paid $4,625

Salaries & Benefits $599,470,903

Fundraising Expenses $1,862,692

Program Expenses $889,159,908

Other Expenses $429,201,396

TOTAL EXPENSES $1,028,676,924

Year-over-Year Comparison

	2024	2023	Change
Revenue	$899,279,834	$877,861,678	+0.0%
Expenses	$1,028,676,924	$920,186,359	+0.1%
Net Income	$-129,397,090	$-42,324,681	+2.1%

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

6205

Volunteers

655

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

$1,918,854

Total Directors

$1,244,924

Key Employees

$579,225

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN SWEENEY RN MBA FACHE	TRUSTEE - PRESIDENT	55.0	Officer Director	$0	$137,419	$1,244,924
MEGHAN O PATTON	FORMER OFFICER	0.0		$957,126	$0	$957,126
MAURICIO JAVIER GARRIDO MD	cardiothoracic surgeon	55.0	Highest	$777,278	$31,117	$808,395
OSMAN KOZAK md	NEUROSURGEON	55.0	Highest	$772,305	$31,067	$803,372
LARAMI MACKENZIE md	neurosurgeon	55.0	Highest	$794,707	$4,901	$799,608
DOUGLAS W LASKE MD	NEUROSURGEON	55.0	Highest	$754,229	$25,765	$779,994
RICHARD E FRIEDENHEIM md	pulmonologist	55.0	Highest	$720,625	$2,772	$723,397
GERARD M CLEARY DO	CHIEF MEDICAL OFFICER	55.0	Officer	$645,058	$28,872	$673,930
STACEY-ANN OKOTH DNPMSNRN	SVP SYS. ASSOC. CNE(TERM 7/24)	55.0	Key Emp	$0	$33,503	$579,225
ALISON L FERREN MBA	FORMER OFFICER	0.0		$534,002	$0	$534,002
JOHN A BOWN JR	CHAIR - TRUSTEE	5.0	Officer Director	$0	$0	$0
DOUGLAS S CALLANTINE	TRUSTEE	5.0	Director	$0	$0	$0
GEORGE JS CHOE	TRUSTEE	5.0	Director	$0	$0	$0
MARK L DOOLEY	TRUSTEE	5.0	Director	$0	$0	$0
MARK R ESKIN	TRUSTEE	5.0	Director	$0	$0	$0
JEAN FITZPATRICK PHD	TRUSTEE	5.0	Director	$0	$0	$0
WILLIAM W FONNER	TRUSTEE	5.0	Director	$0	$0	$0
BRUCE GOODMAN	TRUSTEE	5.0	Director	$0	$0	$0
MARILYN D HARRIS	TRUSTEE	5.0	Director	$0	$0	$0
THOMAS HILL	TRUSTEE	5.0	Director	$0	$0	$0
REEVES MILLER	TRUSTEE	5.0	Director	$0	$0	$0
NEAL PEARLSTINE ESQ	TRUSTEE	5.0	Director	$0	$0	$0
REV DR BRUCE W PETTY SR	TRUSTEE	5.0	Director	$0	$0	$0
REV CHARLES QUANN	TRUSTEE	5.0	Director	$0	$0	$0
ANDREW D RUBIN	TRUSTEE	5.0	Director	$0	$0	$0
FREDDA L SEGAL	TRUSTEE	5.0	Director	$0	$0	$0
ELLIOT W STONE	TRUSTEE	5.0	Director	$0	$0	$0
BRUCE E TOLL	TRUSTEE	5.0	Director	$0	$0	$0
MERYLE TWERSKY	TRUSTEE	5.0	Director	$0	$0	$0
JOHN D WALP	TRUSTEE	5.0	Director	$0	$0	$0
MARY ANN WATSON	TRUSTEE	5.0	Director	$0	$0	$0
CRISTINA CAVALIERI ESQ	SECRETARY	60.0	Officer	$0	$0	$0
THOMAS j MARCHOZZI MBA CPA	TREASURER (EFF 2/2025)	60.0	Officer	$0	$0	$0
JOHN P MORDACH	TREASURER (TERM 2/2025)	60.0	Officer	$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	$899,279,834	$1,028,676,924	$682,195,069	$-129,397,090
2024	No data	No data	No data	No data
2023	$912,000,483	$986,829,689	$751,285,135	$-74,829,206
2022	$854,727,773	$920,160,395	$826,283,314	$-65,432,622
2021	$858,404,541	$916,519,033	$948,017,930	$-58,114,492
2020	$866,047,638	$914,359,404	$957,526,497	$-48,311,766
2019	$866,420,167	$858,567,144	$938,208,604	$7,853,023
2018	$840,191,539	$814,732,143	$861,216,107	$25,459,396

ABINGTON MEMORIAL HOSPITAL