NORTHWELL HEALTH STERN FAMILY CENTER FOR REHA (EIN 237007485) - 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

1968

Legal Domicile

Principal Officer

MICHAEL J DOWLING

Phone

5163216058

Tax Period

2023-01-01 to 2023-12-31

NORTHWELL HEALTH STERN FAMILY CENTER FOR REHA, founded in 1968, is a mid-sized nonprofit in the Health Care sector that reported $64.0M in total revenue in fiscal year 2023.

Mission

THE MISSION IS TO ENABLE RESIDENTS TO BE INDEPENDENT THROUGH SHORT-TERM REHABILITATION, AND TO PROVIDE EXTENDED CARE TO THOSE WHO NEED IT REGARDLESS OF ABILITY TO PAY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,807,187

Program Service Revenue $61,215,037

Investment Income $397,813

Other Revenue $604,624

TOTAL REVENUE $64,024,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,490,592

Fundraising Expenses $0

Program Expenses $63,939,045

Other Expenses $13,687,778

TOTAL EXPENSES $68,178,370

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,024,661	$60,036,059	+0.1%
Expenses	$68,178,370	$63,712,921	+0.1%
Net Income	$-4,153,709	$-3,676,862	+0.1%

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

706

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

$28,923,285

Total Directors

$10,403,676

Key Employees

$612,757

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL DOWLING	President & CEO	0.0	Officer Director	$0	$70,612	$9,042,544
MARK SOLAZZO	Pres, Strat Initiatives & COO	0.0	Officer	$0	$63,855	$3,710,066
DAVID BATTINELLI	EVP & Physician in Chief	0.0	Officer	$0	$78,569	$1,814,841
MICHELE CUSACK	EVP & CFO	0.0	Officer	$0	$78,507	$1,696,458
JOSEPH MOSCOLA	EVP, Enterprise Services	0.0	Officer	$0	$50,769	$1,651,192
JEFFREY KRAUT	EVP Strategy	0.0	Officer	$0	$64,879	$1,534,296
EUGENE TANGNEY	SVP & Chf Bus Continuity & Cri	0.0	Officer	$0	$78,507	$1,451,043
RICHARD MILLER	EVP & Chf Business Strategy Of	0.0	Officer	$0	$63,119	$1,401,009
LAURENCE KRAEMER	EVP, Gen Coun, CLO & Asst Sec	0.0	Officer	$0	$69,888	$1,372,753
DONNA DRUMMOND	SVP & Chf Expense Officer	0.0	Officer	$0	$63,119	$1,217,650
KONSTANTINE COSTALAS	SVP, Managed Care	0.0	Officer	$0	$78,507	$1,177,868
RALPH NAPPI	EVC	0.0	Officer Director	$0	$64,637	$1,036,826
MARK GLOADE	SVP, Dep Gen Coun, Dep CLO & A	0.0	Officer	$0	$78,507	$1,022,226
GERARD KAISER	Executive Director	0.0	Key Emp	$0	$78,507	$612,757
HARRY GINDI	Assistant Secretary	0.0	Officer	$0	$64,637	$470,207
NANCY O'CONNOR	Assoc Exec Dir Finance	50.0	Highest	$355,659	$36,900	$392,559
BARBARA GERAGHTY	Assoc Exec Dir PCS	50.0	Highest	$306,824	$50,769	$357,593
MARK CLASTER	Vice Chairman	0.0	Officer Director	$0	$0	$324,306
DONNA KUBE	Assoc Exec Dir, Admin (SNF)	50.0	Highest	$270,682	$51,178	$321,860
ANNAMMA KOSHY	Assistant Manager, Patient Car	50.0	Highest	$201,579	$19,295	$220,874
ANNAMMA THOMAS	Manager, Patient Care	50.0	Highest	$183,984	$32,108	$216,092
MARGARET CROTTY	Chairman	0.0	Officer Director	$0	$0	$0
MICHAEL EPSTEIN	Immediate Past Chairman	0.0	Officer Director	$0	$0	$0
RICHARD GOLDSTEIN	Vice Chairman	0.0	Officer Director	$0	$0	$0
WILLIAM MACK	Vice Chairman	0.0	Officer Director	$0	$0	$0
BARRY RUBENSTEIN	Vice Chairman	0.0	Officer Director	$0	$0	$0
ROBERT ROSENTHAL	Treasurer	0.0	Officer Director	$0	$0	$0
DONALD ZUCKER	Secretary	0.0	Officer Director	$0	$0	$0
NON COMPENSATED TRUSTEES	SEE SCHEDULE O	0.0	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
2024	No data	No data	No data	No data
2023	$64,024,661	$68,178,370	$36,194,512	$-4,153,709
2022	$60,036,059	$63,712,921	$34,705,585	$-3,676,862
2021	$52,027,697	$59,829,878	$34,520,044	$-7,802,181
2020	$60,824,949	$61,588,839	$47,691,653	$-763,890
2019	$60,828,730	$63,281,330	$46,789,743	$-2,452,600
2018	$59,439,143	$62,090,481	$54,397,258	$-2,651,338

NORTHWELL HEALTH STERN FAMILY CENTER FOR REHA