HOLY REDEEMER HEALTH SYSTEM

EIN: 231534300 501(c)(3) Health Care

HUNTINGDON VALLEY, PA

Total Revenue
$353,458,136
Total Expenses
$389,222,800
Total Assets
$481,696,996
Net Assets
$200,605,867
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
PA
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

AS A CATHOLIC HEALTH SYSTEM, ROOTED IN THE TRADITION OF THE SISTERS OF THE HOLY REDEEMER, WE CARE, COMFORT AND HEAL, FOLLOWING THE EXAMPLE OF JESUS, PROCLAIMING THE HOPE GOD OFFERS IN THE MIDST OF HUMAN STRUGGLE.

Program Service Accomplishments

Program 1
Expenses: $198,650,652 Revenue: $224,639,406

HOLY REDEEMER HOSPITAL IS A 239-BED GENERAL ACUTE CARE HOSPITAL WITH A COMPREHENSIVE ROSTER OF OUTPATIENT AND AMBULATORY CARE SERVICES. THE REDEEMER HEALTH COMPENDIUM OF SERVICES INCLUDES EMERGENCY...

Read more

HOLY REDEEMER HOSPITAL IS A 239-BED GENERAL ACUTE CARE HOSPITAL WITH A COMPREHENSIVE ROSTER OF OUTPATIENT AND AMBULATORY CARE SERVICES. THE REDEEMER HEALTH COMPENDIUM OF SERVICES INCLUDES EMERGENCY CARE, AND COMPREHENSIVE INPATIENT AND OUTPATIENT SERVICES (CARDIOLOGY, ONCOLOGY, ORTHOPEDICS AND REHAB, SPINAL SURGERY, PULMONARY MEDICINE, IMAGING SERVICES, AND A SLEEP DISORDERS CENTER). OUR PHYSICIANS ARE WELL KNOWN FOR THEIR EXPERTISE AND HAVE EARNED THE HOSPITAL AN OUTSTANDING REPUTATION FOR MEDICAL AND SURGICAL EXCELLENCE. AS A RESULT OF OUR PHYSICIANS AND STAFF'S COMMITMENT TO EXCELLENCE, THE FOLLOWING HAS BEEN ACCOMPLISHED: -EXCELLENCE IN PATIENT SAFETY AWARDED BY THE HOSPITAL ASSOCIATION OF PENNSYLVANIA.-HOSPITAL SAFETY "A" GRADE EARNED FROM THE LEAPFROG CROUP TWICE A YEAR, EVERY YEAR SINCE 2019. -RECERTIFICATION AS A PRIMARY STROKE CENTER UNTIL 2026. -BLUE DISTINCTION CENTER AWARD FOR EXCEPTIONAL CARE AND RESULTS FOR ALL DELIVERIES BY BLUE CROSS BLUE SHIELD. -THREE-YEAR ACCREDITATION FROM THE COMMISSION ON CANCER THROUGH OUR PARTNERSHIP WITH MD ANDERSON CANCER CENTER AT COOPER IN QUALIFYING AS A COMPREHENSIVE COMMUNITY CANCER PROGRAM, WITH 34 QUALITY STANDARDS AND MAINTAINING LEVELS OF EXCELLENCE IN THE DELIVERY OF COMPREHENSIVE PATIENT-CENTERED CARE. -REDEEMER HEALTH'S AMBULATORY SURGERY CENTER (ASC) HAS BEEN RECOGNIZED IN NEWSWEEK'S 2024 LIST OF "AMERICA'S BEST AMBULATORY SURGERY CENTERS.-HOLY REDEEMER HOSPITAL RECEIVED THE AMERICAN HEART ASSOCIATION'S GET WITH THE GUIDELINES - STROKE: GOLD PLUS ACHIEVEMENT AWARD FOR ITS COMMITMENT TO ENSURING STROKE PATIENTS RECEIVE THE MOST APPROPRIATE TREATMENT ACCORDING TO NATIONALLY RECOGNIZED, RESEARCH-BASED GUIDELINES, ULTIMATELY LEADING TO MORE LIVES SAVED AND REDUCED DISABILITY.-HOLY REDEEMER HOSPITAL RECEIVED THE AMERICAN HEART ASSOCIATION'S TARGET: TYPE 2 DIABETES HONOR ROLL AWARD. THIS HELPS ENSURE PATIENTS WITH TYPE 2 DIABETES, WHO MIGHT BE AT HIGHER RISK FOR COMPLICATIONS, RECEIVE THE MOST UP-TO-DATE, EVIDENCE-BASED CARE WHEN HOSPITALIZED DUE TO STROKE.-REDEEMER HEALTH'S SUPPORT AT HOME HAS RECEIVED THE DISTINGUISHED 2023 AND 2024 BEST OF HOME CARE - LEADER IN -EXPERIENCE AWARDS FROM HCP, THE LEADING FIRM IN EXPERIENCE MANAGEMENT FOR HOME CARE. THIS IS THE HIGHEST RECOGNITION AWARDED BY HCP AND IS GIVEN TO SELECT HOME CARE BUSINESSES THAT CONSISTENTLY RANK AMONG THE VERY BEST IN TEN OR MORE QUALITY METRICS.-HOLY REDEEMER HOSPITAL WAS NOTIFIED BY THE HOSPITAL AND HEALTH SYSTEM ASSOCIATION OF PENNSYLVANIA (HAP) IN JANUARY, APRIL AND AGAIN IN OCTOBER THAT IT CONSISTENTLY DEMONSTRATES LOW RATES OF HEALTH CARE-ASSOCIATED INFECTIONS, EARNING AN EXCELLENCE IN PATIENT SAFETY RECOGNITION.-HOLY REDEEMER HOSPITAL WAS REACCREDITED BY BOTH ISO 9001 AND NIAHO, SIGNIFYING THE ABILITY TO MEET OR EXCEED STRICT CRITERIA CONCERNING CONSISTENT SERVICE, OPERATIONAL EFFICIENCY, AND PATIENT SAFETY STANDARDS SET BY THE U.S. CENTERS FOR MEDICARE AND MEDICAID SERVICES.-LAFAYETTE, ST. JOSEPH MANOR AND LITTLE FLOWER MANOR ALL EARNED 5-STAR RATINGS FROM MEDICARE IN THE MOST RECENT CARE COMPARE CYCLE, BASED ON PERFORMANCE IN HEALTH INSPECTIONS, STAFFING AND QUALITY.-REDEEMER HEALTH SUPPORT AT HOME RECEIVED THE DISTINGUISHED 2023 BEST OF HOME CARE - LEADER IN EXPERIENCE AWARD FROM HCP, THE LEADING FIRM IN EXPERIENCE MANAGEMENT FOR HOME CARE.-ST. JOSEPH MANOR WAS RANKED FOURTH AND LITTLE FLOWER MANOR WAS RANKED SECOND IN THEIR CATEGORIES, IN NEWSWEEK'S "AMERICA'S BEST NURSING HOMES" IN PENNSYLVANIA.-HOLY REDEEMER HOSPITAL WAS NAMED ONE OF THE COUNTRY'S 100 GREAT COMMUNITY HOSPITALS BY BECKER'S HOSPITAL REVIEW. HOLY REDEEMER HOSPITAL IS PART OF REDEEMER HEALTH, A COMMUNITY-BASED INTEGRATED HEALTH CARE AND SOCIAL SERVICES SYSTEM IN MONTGOMERY AND BUCKS COUNTIES, AND NORTHEAST PHILADELPHIA.THE HOSPITAL'S PATIENT ADMISSIONS OR CASES FOR FY24 WERE APPROXIMATELY 9,869. FOR A TOTAL PATIENT SERVICE DAY OF APPROXIMATELY 53,175. THERE WERE APPROXIMATELY 4,646 SURGICAL CASES PERFORMED, BOTH INPATIENT AND OUTPATIENT. APPROXIMATELY 131,478 DIAGNOSTIC AND REHABILITATIVE OUTPATIENT SERVICE CASES WERE PERFORMED.

Program 2
Expenses: $80,730,457 Revenue: $70,521,011

LIFECARE -- OUR LONG TERM CARE FACILITIES, HOLY REDEEMER LAFAYETTE AND HOLY REDEEMER SAINT JOSEPH MANOR, PROVIDES SERVICES TO OLDER ADULTS AT DIFFERENT LEVELS OF CARE. THE LAFAYETTE IS A WONDERFUL...

Read more

LIFECARE -- OUR LONG TERM CARE FACILITIES, HOLY REDEEMER LAFAYETTE AND HOLY REDEEMER SAINT JOSEPH MANOR, PROVIDES SERVICES TO OLDER ADULTS AT DIFFERENT LEVELS OF CARE. THE LAFAYETTE IS A WONDERFUL OPTION FOR ADULTS WHO DESIRE TO MAINTAIN AN INDEPENDENT LIFESTYLE WITH THE ADDED ASSURANCE THAT MEDICAL, SOCIAL AND RELIGIOUS SERVICES ARE AVAILABLE. THE FACILITY OFFERS 226 LOVELY PRIVATE RENTAL APARTMENTS SET ON A BEAUTIFUL CAMPUS ADJACENT TO THE WOODS OF PENNYPACK PARK. 54 PERSONAL CARE UNITS ARE ALSO AVAILABLE, AND THE LAFAYETTE'S 120-BED LONG TERM CARE FACILITY PROVIDES A SEAMLESS TRANSITION IF THE NEED FOR SKILLED NURSING CARE ARISES. THE LAFAYETTE IS ALSO A SITE FOR HOLY REDEEMER'S OUTPATIENT REHABILITATION CENTER, WHICH OFFERS SPEECH, OCCUPATIONAL AND PHYSICAL THERAPY.SAINT JOSEPH MANOR HAS BEEN PROVIDING COMPASSIONATE NURSING AND ASSISTED LIVING CARE TO OLDER ADULTS SINCE 1937. THE MANOR OFFERS 60 PERSONAL CARE UNITS, AND 296 LONG TERM CARE SKILLED NURSING SERVICES INCLUDING A DEMENTIA UNIT. ADJACENT TO HOLY REDEEMER HOSPITAL AND MEDICAL CENTER, RESIDENTS HAVE CONVENIENT ACCESS TO PHYSICIANS, DIAGNOSTIC AND EMERGENCY SERVICES. BOTH THE MANOR AND LAFAYETTE ARE MEDICARE AND MEDICAID CERTIFIED. TOTAL OCCUPANCY IN BOTH FACILITIES EQUATE TO 65.5% IN NURSING, 71.5% IN PERSONAL CARE, AND 62.1% IN INDEPENDENT.

Program 3
Expenses: $44,536,435 Revenue: $62,998,542

HOMECARE -- THE FOLLOWING SERVICES ARE PROVIDED: (1) SPECIALIZED NURSING CARE, (2) THERAPY, (3) LIFEASSESS PROGRAM, (4) HEARTASSESS PROGRAM, (5) BREATHE EASY PROGRAM, AND (6) TELEMONITORING.(1)...

Read more

HOMECARE -- THE FOLLOWING SERVICES ARE PROVIDED: (1) SPECIALIZED NURSING CARE, (2) THERAPY, (3) LIFEASSESS PROGRAM, (4) HEARTASSESS PROGRAM, (5) BREATHE EASY PROGRAM, AND (6) TELEMONITORING.(1) SPECIALIZED NURSING CARE DELIVERED BY OUR HIGHLY-TRAINED NURSING STAFF WITH A COMPASSIONATE APPROACH.(2) THERAPY SERVICES BY OUR SPECIALIZED REHABILITATION THERAPISTS WHO OFFER A VARIETY OF THERAPIES TO MEET THE UNIQUE NEEDS OF EACH PATIENT.(3) LIFEASSESS PROGRAM, A COMPREHENSIVE ASSESSMENT, EDUCATION, SUPPORT AND REHABILITATION PROGRAM THAT IDENTIFIES AND TREATS OLDER ADULTS WHO ARE AT RISK FOR FOUR OF THE MOST COMMON GERIATRIC SYNDROMES - DEPRESSION, DEMENTIA, FALLS RISK AND INCONTINENCE - ALLOWING THEM TO LIVE SAFELY AT HOME.(4) HEARTASSESS PROGRAM, DESIGNED TO IMPROVE QUALITY OF LIFE FOR HEART FAILURE PATIENTS BY HELPING THEM FOCUS ON THE MOST IMPORTANT ASPECTS OF MANAGING THEIR HEART FAILURE AT HOME. PATIENTS ARE TAUGHT SYMPTOM AND MEDICATION MANAGEMENT AND ARE ASSIGNED HOME HEALTH CARE NURSES TO HELP WITH MEDICATIONS, DIET, DISEASE MANAGEMENT AND ASSISTING WITH LIFESTYLE CHANGES.(5) BREATHE EASY PROGRAM, ALLOWS PATIENTS WHO SUFFER FROM CHRONIC OBSTRUCTIVE PULMONARY DISEASE (COPD) TO BETTER MANAGE THEIR CONDITION AT HOME, IMPROVING THEIR OVERALL QUALITY OF LIFE.(6) TELEMONITORING, AN ADVANCED SYSTEM AVAILABLE TO REMOTELY MONITOR VITAL INFORMATION, SUCH AS BLOOD PRESSURE, HEART RATE, WEIGHT AND BLOOD OXYGEN LEVELS FOR CARDIAC PATIENTS OR ANY PATIENTS WHO NEED ADDITIONAL SUPERVISION. RESULTS ARE AUTOMATICALLY TRANSMITTED TO A HOMECARE NURSE WHO WILL PERFORM TRIAGE TO DETERMINE AN APPROPRIATE PLAN OF ACTION.THE HOSPICE DIVISION PROVIDES PAIN RELIEF AND SYMPTOM CONTROL APPROPRIATE TO CLINICAL GOALS. PSYCHOLOGICAL AND SPIRITUAL PAINS ARE AS SIGNIFICANT AS PHYSICAL PAIN. ADDRESSING ALL THREE REQUIRES THE SKILLS OF AN INTERDISCIPLINARY TEAM. THE HOLY REDEEMER HOSPICE TEAM IS GUIDED BY THE NEEDS AND WISHES OF THE PATIENT AND FAMILY AND INCLUDES THEM AS IMPORTANT MEMBERS OF THE CARE TEAM. THE INTEGRATED, MULTI-DISCIPLINARY GROUP INCLUDES: PATIENT AND FAMILY, PATIENT'S PERSONAL PHYSICIAN, HOSPICE MEDICAL DIRECTOR, SPECIALLY TRAINED NURSES, MEDICAL SOCIAL WORKERS, PASTORAL COUNSELORS, HOME HEALTH AIDES, PHYSICAL, OCCUPATIONAL AND SPEECH THERAPISTS, COMPLEMENTARY THERAPISTS, VOLUNTEERS, AND BEREAVEMENT COUNSELORS AVAILABLE TO ASSIST WITH THE GRIEVING PROCESS. A COMPLEMENTARY (OR ALTERNATIVE) THERAPY PROGRAM OFFERS HOLISTIC SOLUTIONS FOR PATIENTS AND FAMILIES. HOLY REDEEMER ALSO OFFERS PALLIATIVE CARE SERVICES WHICH AIM TO PROVIDE COMFORT AND IMPROVE QUALITY OF LIFE AT ANY TIME DURING THE COURSE OF A SERIOUS ADVANCED ILLNESS, OFTEN AT THE SAME TIME AS A CURATIVE OR LIFE PROLONGING TREATMENTS. THE SUPPORT AND EDUCATION PROVIDED BY THE PALLIATIVE CARE TEAM ALSO PROVIDES MUCH NEEDED BENEFITS FOR FAMILY MEMBERS AND CAREGIVERS AND ASSISTS THE PATIENT AND FAMILY TO BETTER UNDERSTAND AND COPE WITH THE ILLNESS, AND IN MAKING CHOICES FOR CARE.THE SUPPORT AT HOME SERVICE PROVIDES PRACTICAL SUPPORT, PEACE OF MIND AND A SAFE AND SOUND ENVIRONMENT. SERVICES INCLUDE PERSONAL CARE, MEAL PREPARATION, LAUNDRY/LIGHT HOUSEKEEPING, ERRANDS AND LOCAL TRANSPORTATION, MOBILITY AND EXERCISE MANAGEMENT, COMPANIONSHIP AND SOCIALIZATION, MEDICATION MANAGEMENT, WELLNESS, AND HEALTH MAINTENANCE. HOMECARE NURSING ADMISSIONS FOR THE FISCAL YEAR WERE 4,599 AND PERFORMED A TOTAL OF 75,322 SERVICE/VISITS IN PATIENTS' HOMES. THERE WERE 543 HOSPICE ADMISSIONS AND 25,308 HOSPICE DAYS IN FISCAL YEAR 2024.

🔒

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%)

Sign In — Free (10 views/day)

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

Sign In

Governance

Voting Members
14
Independent Members
12
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
6
$2,385,489
Total Directors
16
$1,152,869
Key Employees
4
$1,661,308
Highest Compensated
4
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
Explore More Nonprofits
Top 100 Nonprofits in Pennsylvania Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare HOLY REDEEMER HEALTH SYSTEM with other nonprofits in Pennsylvania and across the country.