Jeanes Hospital

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

Raymond Lefton

Phone

2157283306

Tax Period

2019-07-01 to 2020-02-01

Jeanes Hospital, founded in 1996, is a mid-sized nonprofit that reported $90.9M in total revenue in fiscal year 2019. Revenue fell 42% from the prior year — a significant decline worth monitoring.

Mission

Jeanes Hospital's mission statement, as approved by its board of directors and executives is:In furtherance of the mission of Temple University Health System, the mission of Jeanes Hospital is to maintain and enhance the quality of life for individuals in the communities we serve. We emphasize the Quaker belief that in each person there resides a spirit that creates a common bond among us all. Our health care services include maintenance and enhancement of health, which quickens the spirit and enhances the vitality of our lives.On February 1, 2020 Jeanes Hospital merged with Temple University Hospital, Inc. (TUH) and became a campus of TUH. This merger enabled the two separate entities to better integrate and consolidate services, allowing the Jeanes campus to provide more efficient and cost effective care.

Program Service Accomplishments

Program 1

Expenses: $7,914,423 Revenue: $7,245,620

The Cardiovascular program at Jeanes Hospital provides healthcareservices aimed at preventing, diagnosing, and treating cardiovascular diseases.Cardiovascular diseases are the leading cause of death in the UnitedStates. The services provided by Jeanes Hospital target the full rangeof conditions related to the heart and vascular system, includingcongestive heart failure, hypertension, and narrowing of the arteriesand peripheral disease. The services are provided to both inpatientsand outpatients.Cardiovascular services at Jeanes Hospital span the continuum of heartcare. Included are open heart surgery, diagnostic and interventional cardiac catheterization, electrophysiology studies, stress testing,cardiac and thoracic surgery, echocardiograms, EKGs, holter monitortests and cardiopulmonary rehab. The hospital's vascular servicesprovide both open and closed vascular procedures in surgery, cath laband vascular lab. Jeanes Hospital is the recipient of the AmericanHeart Association's Stroke Gold Plus Quality Achievement Award.

Program 2

Expenses: $5,461,087 Revenue: $5,078,672

Gastroenterology/Digestive Disease. Jeanes Hospital gives patients themost advanced, safest and proven medical and surgical treatmentsprimarily focused on the gastrointestinal tract. The services...

Gastroenterology/Digestive Disease. Jeanes Hospital gives patients themost advanced, safest and proven medical and surgical treatmentsprimarily focused on the gastrointestinal tract. The services offeredby Jeanes Hospital under this specialty are: surgical weight loss,colorectal surgery, nutritional counseling, and gastroenterology andhepatology services aimed at treating patients with disorders of theesophagus, liver, gall bladder and stomach. Services are provided toboth inpatients and outpatients.

Program 3

Expenses: $6,569,023 Revenue: $5,782,249

Pulmonary. Jeanes Hospital provides comprehensive pulmonary complexmedical and rehabilitation programs for patients with acute and chronicpulmonary conditions. Services provided range from...

Pulmonary. Jeanes Hospital provides comprehensive pulmonary complexmedical and rehabilitation programs for patients with acute and chronicpulmonary conditions. Services provided range from inpatientventilation management and weaning, to outpatient pulmonaryrehabilitation delivered by an interdisciplinary team of highly trainedand board certified pulmonologists, respiratory therapists and nurses.

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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 (2019)

Revenue Breakdown

Contributions & Grants $2,402,674

Program Service Revenue $87,799,619

Investment Income $650,645

Other Revenue $11,375

TOTAL REVENUE $90,864,313

Expense Breakdown

Grants Paid $768,500

Salaries & Benefits $46,583,586

Fundraising Expenses $55,901

Program Expenses $87,502,048

Other Expenses $44,675,258

TOTAL EXPENSES $92,027,344

Year-over-Year Comparison

	2019	2018	Change
Revenue	$90,864,313	$157,810,949	-0.4%
Expenses	$92,027,344	$158,601,509	-0.4%
Net Income	$-1,163,031	$-790,560	+0.5%

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

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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

1139

Volunteers

110

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

$2,668,838

Total Directors

$2,127,446

Key Employees

$670,617

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert H LeFever	Chair	3.00	Officer Director	$0	$0	$0
Francis Devlin	Vice Chair	2.00	Officer Director	$0	$0	$0
Dr Larry Kaiser	Director	2.00	Director	$0	$23,246	$2,127,446
Charles Lockyer Jr	Director	2.00	Director	$0	$0	$0
Dr Martin Ogletree	Director	2.00	Director	$0	$0	$0
David Kraynik	Director	2.00	Director	$0	$0	$0
Lewis Gould	Director	2.00	Director	$0	$0	$0
Dr Michael Mittelman	Director	2.00	Director	$0	$0	$0
Eleanor Reinhardt	Director	2.00	Director	$0	$0	$0
Beth Koob	Secretary	2.00	Officer	$0	$83,962	$772,915
Anne Rudloff	Asst Secretary	50.00	Officer	$77,226	$35,024	$112,250
Charna Wright	Asst Secretary	2.00	Officer	$0	$19,561	$99,884
Ray Lefton	Treasurer	50.00	Officer	$258,175	$40,336	$298,511
Lisa Corbin	Asst Treasurer	2.00	Officer	$0	$56,032	$294,383
Dr Marc Hurowitz	President & CEO	30.00	Officer	$0	$39,906	$598,179
Herbert P White	Asst Treasurer	2.00	Officer	$0	$65,730	$492,716
Rebecca Armbruster	Chief Medical Officer	50.00	Key Emp	$367,303	$44,094	$411,397
Denise Frasca	AHD - Patient Services	50.00	Key Emp	$224,261	$34,959	$259,220
Mario Solitro	Clinical Director of Nursing	50.00	Highest	$153,690	$34,882	$188,572
Beverly Sherbondy	AVP - Human Resources	50.00	Highest	$207,228	$33,572	$240,800
Mary Fricker	Director of Risk Management	50.00	Highest	$167,334	$24,714	$192,048
Lisa Donnelly	Business Development	50.00	Highest	$177,143	$8,278	$185,421
G Brown Miller	Clinical Pharmacy Manager	50.00	Highest	$158,406	$26,027	$184,433

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
2020	$90,864,313	$92,027,344	No data	$-1,163,031
2019	$157,810,949	$158,601,509	$90,323,681	$-790,560
2018	$166,495,741	$162,830,520	$86,120,792	$3,665,221