HOLY REDEEMER HEALTH SYSTEM (EIN 231534300) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1956

Legal Domicile

Principal Officer

GREGORY T WOZNIAK

Phone

2159473000

Tax Period

2023-07-01 to 2024-06-30

HOLY REDEEMER HEALTH SYSTEM, founded in 1956, is a major nonprofit in the Health Care sector that reported $353.5M in total revenue in fiscal year 2023. Expenses of $389.2M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO PROVIDE HOLISTIC HEALTHCARE THROUGH HOSPITAL, LONG-TERM CARE AND HOMECARE SERVICES

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,488,937

Program Service Revenue $358,954,976

Investment Income $-9,964,115

Other Revenue $-21,662

TOTAL REVENUE $353,458,136

Expense Breakdown

Grants Paid $467,846

Salaries & Benefits $181,107,387

Fundraising Expenses $1,227,323

Program Expenses $323,917,544

Other Expenses $207,647,567

TOTAL EXPENSES $389,222,800

Year-over-Year Comparison

	2023	2022	Change
Revenue	$353,458,136	$370,802,158	0.0%
Expenses	$389,222,800	$383,817,778	+0.0%
Net Income	$-35,764,664	$-13,015,620	+1.7%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

3409

Volunteers

129

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

$2,385,489

Total Directors

$1,152,869

Key Employees

$1,661,308

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL B LAIGN	BOARD MEMBER, PRESIDENT/CEO	23.40	Officer Director	$373,177	$14,180	$665,108
THOMAS HARRIS - VICE PRES	& ASSISTANT SECRETARY	22.90	Officer Director	$248,223	$54,788	$487,761
WILLIAM SASSO ESQ	CHAIRMAN	0.50	Officer Director	$0	$0	$0
MARC CRESPI	BOARD MEMBER (UNTIL 01/24)	0.50	Director	$0	$0	$0
CHARLOTTE MCKINES	BOARD MEMBER	0.50	Director	$0	$0	$0
K KULTAR SINGH	BOARD MEMBER	0.50	Director	$0	$0	$0
RONALD BROOKS MD	BOARD MEMBER	0.50	Director	$0	$0	$0
ANTHONY COLETTA MD	BOARD MEMBER (UNTIL 05/24)	0.50	Director	$0	$0	$0
BETH DUPREE MD	BOARD MEMBER	0.50	Director	$0	$0	$0
ELLYN ITO	BOARD MEMBER	0.50	Director	$0	$0	$0
S NICHOLAS LEZZI	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMES LYNCH	BOARD MEMBER	0.50	Director	$0	$0	$0
GUY MCELWAIN JR MD	BOARD MEMBER	0.50	Director	$0	$0	$0
JOSEPH RAGG	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMES ROGERS	BOARD MEMBER	0.50	Director	$0	$0	$0
ROBYN WALSH	BOARD MEMBER	0.50	Director	$0	$0	$0
DONALD F FRIEL	ASST TREASURER	22.90	Officer	$392,195	$67,861	$751,961
MICHAEL KEEN	TREASURER/CFO	22.50	Officer	$211,551	$19,307	$388,313
CRISTINA PEOPLES	CORPORATE SECRETARY	0.01	Officer	$0	$18,791	$92,346
CATHERINE EGAN	SENIOR VP, CAO	40.00	Key Emp	$538,093	$13,211	$551,304
MARIAN THALLNER	VP/CAO HRPAS	16.00	Key Emp	$163,511	$80,807	$489,583
DONALD W FOX	SENIOR VP	22.90	Key Emp	$168,492	$72,887	$366,785
ANNE CATINO	VP HOSPITAL	40.00	Key Emp	$232,618	$21,018	$253,636
WILLIAM SCARLETT	PHYSICIAN	6.40	Highest	$81,879	$67,131	$578,877
CARL ROSENBAUM MD	SR. VP & MEDICAL DIRECTOR	26.00	Highest	$290,837	$22,139	$469,581
STACY KRISHER-VENTICINQUE	PHYSICIAN	6.00	Highest	$73,931	$51,107	$543,978
HENRY UNGER MD	PHYSICIAN	36.00	Highest	$198,034	$78	$220,116

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	No data	No data	No data	No data
2024	$353,458,136	$389,222,800	$481,696,996	$-35,764,664
2023	$370,802,158	$383,817,778	$480,796,485	$-13,015,620
2022	$323,772,009	$329,464,431	$697,200,629	$-5,692,422
2021	$350,458,120	$324,698,771	$707,024,246	$25,759,349
2020	$327,741,870	$315,809,005	$638,337,884	$11,932,865
2019	$317,749,276	$303,337,475	$553,349,903	$14,411,801
2018	$310,340,817	$301,742,420	$522,935,523	$8,598,397

HOLY REDEEMER HEALTH SYSTEM