SACRED HEART HOSPITAL OF ALLENTOWN

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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

1917

Legal Domicile

Principal Officer

THOMAS P LICHTENWALNER

Phone

6107764500

Tax Period

2020-07-01 to 2021-01-31

SACRED HEART HOSPITAL OF ALLENTOWN, founded in 1917, is a mid-sized nonprofit that reported $51.8M in total revenue in fiscal year 2020. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $61.1M exceeded revenue, resulting in a 18% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS TO PROVIDE COMPASSIONATE, EXCELLENT QUALITY AND COST EFFECTIVE HEALTHCARE TO THE RESIDENTS OF THE COMMUNITIES WE SERVE REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. THE ORGANIZATION IS AN AFFILIATE WITHIN ST. LUKE'S UNIVERSITY HEALTH NETWORK ("NETWORK"); A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY NETWORK. ST. LUKE'S HEALTH NETWORK, INC. IS THE TAX-EXEMPT PARENT ENTITY OF THE NETWORK. THE NETWORK HAS AN UNWAVERING COMMITMENT TO EXCELLENCE AS WE CARE FOR THE SICK AND INJURED, EDUCATE PHYSICIANS, NURSES AND OTHER HEALTHCARE PROVIDERS; AND IMPROVE ACCESS TO CARE IN THE COMMUNITIES WE SERVE. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.

Program Service Accomplishments

Program 1

Expenses: $15,725,187 Revenue: $11,777,670

EXPENSES INCURRED IN PROVIDING BEHAVIORAL HEALTH SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO...

Program 2

Expenses: $13,328,748 Revenue: $4,765,080

EXPENSES INCURRED IN PROVIDING GENERAL MEDICAL SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO...

EXPENSES INCURRED IN PROVIDING GENERAL MEDICAL 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.

Program 3

Expenses: $4,765,080 Revenue: $5,475,726

EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY ORTHOPEDIC SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY...

EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY ORTHOPEDIC 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 (2020)

Revenue Breakdown

Contributions & Grants $1,514,909

Program Service Revenue $49,518,259

Investment Income $125,620

Other Revenue $607,677

TOTAL REVENUE $51,766,465

Expense Breakdown

Grants Paid $13,323

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $56,487,258

Other Expenses $61,103,979

TOTAL EXPENSES $61,117,302

Year-over-Year Comparison

	2020	2019	Change
Revenue	$51,766,465	$87,454,770	-0.4%
Expenses	$61,117,302	$99,616,033	-0.4%
Net Income	$-9,350,837	$-12,161,263	-0.2%

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

Total Directors

$421,472

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN A LANSHE ESQ	FORMER OFFICER	55.0		$0	$135,950	$465,284
MARYJANE MCKEEVER	TRUSTEE	55.0	Director	$0	$24,327	$421,472
PAUL HUCK	CHAIRMAN - TRUSTEE	1.0	Officer Director	$0	$0	$0
GEORGE CHOVANES MD	TRUSTEE	1.0	Director	$0	$0	$0
LUKE CUNNINGHAM	TRUSTEE	1.0	Director	$0	$0	$0
FRANK FORD	TRUSTEE - PRESIDENT SHH	55.0	Officer Director	$0	$0	$0
REV JOHN GIBBONS	TRUSTEE	1.0	Director	$0	$0	$0
LAURIE J GOSTLEY-HACKETT	TRUSTEE	1.0	Director	$0	$0	$0
JEFFREY JAHRE MD	TRUSTEE	55.0	Director	$0	$0	$0
REV THOMAS J KULLER SJ	TRUSTEE	1.0	Director	$0	$0	$0
PAMELA RUSSO	TRUSTEE	1.0	Director	$0	$0	$0
KATHLEEN TRIMBLE	TRUSTEE	1.0	Director	$0	$0	$0
THOMAS P LICHTENWALNER	SVP FINANCE & CFO	55.0	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
2021	$51,766,465	$61,117,302	No data	$-9,350,837
2020	$87,454,770	$99,616,033	$89,966,787	$-12,161,263
2019	$76,443,678	$88,642,760	$86,668,507	$-12,199,082
2018	$86,118,348	$91,904,791	$56,082,818	$-5,786,443