NAZARETH HOSPITAL (EIN 232794121) - 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

1994

Legal Domicile

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

TO PROVIDE HEALTH CARE AND HOSPITAL SERVICES

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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 (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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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

1322

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

$2,023,332

Total Directors

$2,591,363

Key Employees

$451,024

Highest Compensated

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

NAZARETH HOSPITAL