NAZARETH HOSPITAL

EIN: 232794121 501(c)(3) Health Care

NEWTOWN SQUARE, PA

Total Revenue
$161,698,422
Total Expenses
$178,779,337
Total Assets
$75,329,194
Net Assets
$24,872,291
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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
PA
Principal Officer
MICHAEL MAGRO
Phone
2153356000
Tax Period
2022-07-01 to 2023-06-30

NAZARETH HOSPITAL, founded in 1994, is a major nonprofit in the Health Care sector that reported $161.7M in total revenue in fiscal year 2022. Expenses of $178.8M exceeded revenue, resulting in a 11% operating deficit.

Mission

WE, TRINITY HEALTH OF THE MID-ATLANTIC REGION AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES.NAZARETH HOSPITAL IS A MEMBER OF TRINITY HEALTH OF THE MID-ATLANTIC REGION AND TRINITY HEALTH.

Program Service Accomplishments

Program 1
Expenses: $149,419,558 Revenue: $160,135,477

NAZARETH HOSPITAL HAS SERVED NORTHEAST PHILADELPHIA AND THE SURROUNDING REGION FOR MORE THAN 70 YEARS. WITH MORE THAN 100 INPATIENT BEDS AND A HOST OF OUTPATIENT SERVICES, NAZARETH HOSPITAL OFFERS...

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NAZARETH HOSPITAL HAS SERVED NORTHEAST PHILADELPHIA AND THE SURROUNDING REGION FOR MORE THAN 70 YEARS. WITH MORE THAN 100 INPATIENT BEDS AND A HOST OF OUTPATIENT SERVICES, NAZARETH HOSPITAL OFFERS OUTSTANDING DIAGNOSTIC, MEDICAL, SURGICAL AND THERAPEUTIC CARE WITH STATE-OF-THE-ART TECHNOLOGY. WITH THE DEDICATION OF MORE THAN 1,200 EMPLOYEES AND 350 PHYSICIANS AND SPECIALISTS, NAZARETH HOSPITAL TREATS PATIENTS AND THEIR FAMILIES WITH RESPECT AND COMPASSION WHILE PROVIDING HEALTH CARE SERVICES IN RESPONSE TO THE CHANGING NEEDS OF THE COMMUNITY. NAZARETH HOSPITAL PROVIDES FREE CARE, SUBSIDIZES THE CARE OF MEDICARE AND MEDICAID PATIENTS WHERE THE GOVERNMENT REIMBURSEMENT IS BELOW COST, AND SPONSORS HEALTH PROGRAMS AND ACTIVITIES FOR THE COMMUNITY. THESE PROGRAMS INCLUDE WELLNESS PROGRAMS, COMMUNITY EDUCATION PROGRAMS, SPECIAL PROGRAMS FOR THE ELDERLY, HANDICAPPED, MEDICALLY UNDERSERVED AND A VARIETY OF BROAD COMMUNITY SUPPORT ACTIVITIES. NAZARETH HOSPITAL OFFERS A FULL RANGE OF SERVICES IN AN INPATIENT AND OUTPATIENT SETTING AS WELL AS 24 HOUR EMERGENCY CARE, SURGICAL SERVICES, CANCER CARE, STROKE CARE, KNEE AND HIP REPLACEMENT, AMONG MANY OTHER HEALTH CARE SERVICES. IN FY23, THE HOSPITAL PROVIDED 44,433 PATIENT DAYS OF HEALTHCARE SERVICES TO THE COMMUNITY.PLEASE VISIT SCHEDULE H AND OUR WEBSITE FOR ADDITIONAL INFORMATION ABOUT OUR SERVICES, RECOGNITIONS AND AWARDS: WWW.TRINITYHEALTHMA.ORG/LOCATION/NAZARETH-HOSPITAL

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $212,527
Program Service Revenue $159,721,680
Investment Income $0
Other Revenue $1,764,215
TOTAL REVENUE $161,698,422

Expense Breakdown

Grants Paid $125,000
Salaries & Benefits $78,021,297
Fundraising Expenses $10,707
Program Expenses $149,419,558
Other Expenses $100,633,040
TOTAL EXPENSES $178,779,337

Year-over-Year Comparison

2022 2021 Change
Revenue $161,698,422 $170,013,992 0.0%
Expenses $178,779,337 $177,266,510 +0.0%
Net Income $-17,080,915 $-7,252,518 +1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
10
Employees
1322
Volunteers
18

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
$2,023,332
Total Directors
16
$2,591,363
Key Employees
1
$451,024
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES WOODWARD DIR; PRES & CEO MID-ATLANTIC REGION 1.00
Director
$0 $74,073 $1,448,800
JULIE WASHINGTON DIR; TRINITY SVP CHIEF MKTG & COMM 1.00
Director
$0 $220,833 $1,142,563
MICHAEL MAGRO PRESIDENT 25.00
Officer
$0 $110,816 $625,311
CATHERINE MIKUS SECRETARY; GENERAL COUNSEL 1.00
Officer
$0 $58,053 $543,173
LINDA KAUFFMAN FORMER HIGHEST COMPENSATED EMPLOYEE 0.00
$309,796 $164,969 $474,765
EDWARD O'DELL DO CHIEF MEDICAL OFFICER 25.00
Key Emp
$409,828 $41,196 $451,024
ANTHONY D FANELLI INTERIM CFO THR 12/22;VP REG FINANCE 1.00
Officer
$0 $43,837 $444,852
KIMBERLY CUMMINGS TREASURER AND INTERIM CFO AS OF 1/23 1.00
Officer
$0 $48,949 $409,996
GENEVIEVE SKALAK DO PHYSICIAN ADVISOR 50.00
Highest
$306,038 $47,919 $353,957
ALEYAMMA JOSEPH REGISTERED NURSE 50.00
Highest
$259,589 $29,145 $288,734
JOSEPH PEARCE REGISTERED NURSE 50.00
Highest
$224,698 $26,441 $251,139
DAVID WAJDA DIRECTOR OF FINANCIAL OPERATIONS 50.00
Highest
$206,122 $16,399 $222,521
SHANEITA GOODE REGISTERED NURSE 50.00
Highest
$188,270 $28,761 $217,031
MARYANNE SPALLUCCI FORMER OFFICER 0.00
$0 $2,281 $108,846
REBECCA KERCHNER DIRECTOR; CHAIR 1.00
Officer Director
$0 $0 $0
VINCE GORDON DIRECTOR; VICE CHAIR AS OF 7/22 1.00
Officer Director
$0 $0 $0
TALYANA BROMBERG DIRECTOR 1.00
Director
$0 $0 $0
MARK BRUCKER DIRECTOR 1.00
Director
$0 $0 $0
BARBARA BUCKLEY RSM DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE CALOPE DIRECTOR AS OF 1/23 1.00
Director
$0 $0 $0
MARTINA DEIGNAN DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH DESANTIS DIRECTOR THROUGH 12/22 1.00
Director
$0 $0 $0
KATHRYN DOUGHERTY OSF DIRECTOR THROUGH 12/22 1.00
Director
$0 $0 $0
HIRAL FONTANILLA MD DIRECTOR 1.00
Director
$0 $0 $0
MARIANNE GRACE DIRECTOR 1.00
Director
$0 $0 $0
SHAILA KAPUR DIRECTOR 1.00
Director
$0 $0 $0
JULIA KEEGAN OSF DIRECTOR AS OF 1/23 1.00
Director
$0 $0 $0
JAMES MONIHAN MD DIRECTOR 1.00
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $161,698,422 $178,779,337 $75,329,194 $-17,080,915
2022 $170,013,992 $177,266,510 $76,611,103 $-7,252,518
2021 $170,593,207 $167,341,625 $96,753,920 $3,251,582
2020 $172,334,427 $170,889,963 $115,279,083 $1,444,464
2019 $169,359,342 $168,310,387 $82,638,790 $1,048,955
2018 $161,498,544 $156,399,676 $70,692,240 $5,098,868
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