South Nassau Communities Hospital (EIN 272843521) - 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

1927

Legal Domicile

Phone

5162551500

Tax Period

2024-01-01 to 2024-12-31

South Nassau Communities Hospital, founded in 1927, is a mid-sized nonprofit that reported $67.5M in total revenue in fiscal year 2024. Expenses of $63.7M left a modest 6% surplus.

Mission

THE MISSION OF SOUTH NASSAU COMMUNITIES HOSPITAL'S AFFILIATES ("THE AFFILIATES") IS TO PROVIDE HIGH QUALITY, COMPREHENSIVE AND EASILY ACCESSIBLE HEALTH CARE TO ALL RESIDENTS OF THE SOUTH SHORE COMMUNITIES IN A MANNER THAT REFLECTS A CULTURE OF EXCELLENCE, PERSONALIZED, CULTURALLY COMPETENT CARE AND INNOVATION IN SUPPORT OF THE HOSPITAL'S MISSION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $362,775

Program Service Revenue $66,146,709

Investment Income $0

Other Revenue $1,035,066

TOTAL REVENUE $67,544,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,713,709

Fundraising Expenses $0

Program Expenses $61,491,339

Other Expenses $18,016,824

TOTAL EXPENSES $63,730,533

Year-over-Year Comparison

	2024	2023	Change
Revenue	$67,544,550	$64,438,780	+0.0%
Expenses	$63,730,533	$61,133,565	+0.0%
Net Income	$3,814,017	$3,305,215	+0.2%

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

146

Volunteers

N/A

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

$23,505,926

Total Directors

$7,503,060

Key Employees

$2,683,407

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW SAUL	TRUSTEE/VICE CHAIR	2.0	Officer Director	$0	$0	$0
BRAD KARP	TRUSTEE/SECRETARY	2.0	Officer Director	$0	$0	$0
DONALD J GOGEL	TRUSTEE/VICE CHAIRMAN	2.0	Officer Director	$0	$0	$0
ERIC MINDICH	TRUSTEE/VICE CHAIRMAN	2.0	Officer Director	$0	$0	$0
JAMES NEARY	TRUSTEE/VICE CHAIRMAN	2.0	Officer Director	$0	$0	$0
JAMES S TISCH	TRUSTEE/CO-CHAIRMEN OF BOARD	2.0	Officer Director	$0	$0	$0
JEFF T BLAU	TRUSTEE/VICE CHAIRMAN	2.0	Officer Director	$0	$0	$0
JOEL I PICKET	TRUSTEE/VICE CHAIRMAN	2.0	Officer Director	$0	$0	$0
JOEL S EHRENKRANZ	TRUSTEE/VICE CHAIRMAN	2.0	Officer Director	$0	$0	$0
JOHN A LEVIN	TRUSTEE/VICE CHAIRMAN	2.0	Officer Director	$0	$0	$0
JOHN B HESS	TRUSTEE/VICE CHAIRMAN	2.0	Officer Director	$0	$0	$0
JUDITH O RUBIN	TRUSTEE/VICE CHAIRMAN	2.0	Officer Director	$0	$0	$0
MICHAEL MINIKES	TRUSTEE/VICE CHAIR/TREASURER	2.0	Officer Director	$0	$0	$0
RICHARD A FRIEDMAN	TRUSTEE/CO-CHAIRMEN OF BOARD	2.0	Officer Director	$0	$0	$0
STEVEN HOCHBERG	TRUSTEE/VICE CHAIRMAN	2.0	Officer Director	$0	$0	$0
SUSAN R CULLMAN	TRUSTEE/VICE CHAIRMAN	2.0	Officer Director	$0	$0	$0
THOMAS W STRAUSS	TRUSTEE/VICE CHAIRMAN	2.0	Officer Director	$0	$0	$0
ANDREW M ALPER	TRUSTEE	1.0	Director	$0	$0	$0
DAVID WINDREICH	TRUSTEE	1.0	Director	$0	$0	$0
EDGAR M CULLMAN JR	TRUSTEE	1.0	Director	$0	$0	$0
ERIC FRIEDMAN	TRUSTEE	1.0	Director	$0	$0	$0
FRANK BISIGNANO	TRUSTEE	1.0	Director	$0	$0	$0
HENRY CORNELL	TRUSTEE	1.0	Director	$0	$0	$0
JAMES KEMPNER	TRUSTEE	1.0	Director	$0	$0	$0
KENNETH DAVIS MD	Trustee and Former Officer	2.0	Director	$0	$0	$7,503,060
KIMBERLEY HARRIS	TRUSTEE	1.0	Director	$0	$0	$0
LEWIS PELL	TRUSTEE	1.0	Director	$0	$0	$0
MARC S LIPSCHULTZ	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL ZIMMERMAN	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT F SAVAGE JR	TRUSTEE	1.0	Director	$0	$0	$0
WILLIAM H WRIGHT	TRUSTEE	1.0	Director	$0	$0	$0
ADHI SHARMA MD	PRESIDENT & CEO/DIRECTOR	36.5	Officer	$1,230,794	$55,404	$1,286,198
BETH ESSIG ESQ	EVP, GENERAL COUNSEL	0.5	Officer	$0	$58,108	$1,840,832
BETH YAGODA	EVP, System Chief Administrative Officer	0.5	Officer	$0	$25,461	$582,785
BONNIE M DAVIS	VICE CHAIRMAN	2.0	Officer	$0	$0	$0
BRENDAN CARR MD	CHIEF EXECUTIVE OFFICER (START 1/1/24)	0.5	Officer	$0	$47,473	$5,489,914
CARL ICAHN	VICE CHAIRMAN	2.0	Officer	$0	$0	$0
DAVID REICH MD	SYSTEM CHIEF CLINICAL OFFICER	0.5	Officer	$0	$65,965	$2,220,809
DENNIS CHARNEY MD	PRESIDENT, ACADEMIC AFFAIRS	0.5	Officer	$0	$57,057	$2,636,248
EMMA PALMER	EVP, Chief of Staff & External Affairs	0.5	Officer	$0	$71,158	$862,567
GLENN DUBIN	VICE CHAIRMAN	2.0	Officer	$0	$0	$0
HAMILTON JAMES	VICE CHAIRMAN	2.0	Officer	$0	$0	$0
HENRY R KRAVIS	VICE CHAIRMAN	2.0	Officer	$0	$0	$0
HON ROBERT E RUBIN	VICE CHAIRMAN	2.0	Officer	$0	$0	$0
JAMES W CRYSTAL	VICE CHAIRMAN	2.0	Officer	$0	$0	$0
JEFFREY SILBERSTEIN	EVP, SYSTEM CAO	0.5	Officer	$0	$36,176	$1,492,681
JOHN POHLMAN	COO/CFO	36.5	Officer	$686,162	$58,416	$744,578
KELLY CASSANO DO	EVP, SYS AMBULATORY OPERATION	0.5	Officer	$0	$47,350	$1,240,197
MARGARET PASTUSZKO	System President & Chief Operating Officer	0.5	Officer	$0	$72,844	$2,362,925
STEPHEN HARVEY	EVP, SYSTEM CFO (END 12/31/24)	0.5	Officer	$0	$85,092	$2,057,140
VINCENT TAMMARO	EVP, SYSTEM CFO (START 10/1/24)	0.5	Officer	$0	$9,991	$689,052
ALAN WONG MD	CHIEF MEDICAL OFFICER	36.5	Key Emp	$578,013	$37,979	$615,992
FRANK CINO	SVP, SYSTEM CHIEF RISK OFFICER	0.5	Key Emp	$0	$60,090	$807,419
JOSHUA KUGLER MD	VP-PHYSICIAN SERVICES	36.5	Key Emp	$726,437	$52,578	$779,015
JOSHUA YEDVAB	VP BUSINESS STATEGY & PLANNING	36.5	Key Emp	$436,685	$44,296	$480,981
ALAN GARELY MD	CHAIR OF OBSTERTRICS & GYNECOLOGY	15.5	Highest	$1,114,313	$59,925	$1,174,238
JASON FREEMAN MD	DIR, INTERVENTIAL CARDIOLOGY	36.5	Highest	$1,002,818	$60,114	$1,062,932
LESTER WU MD	ASST DIR RADIATION ONCOLOGY	1.0	Highest	$1,020,128	$62,299	$1,082,427
PAOLO BOLOGNESE MD	ASST CLINICAL PROFESSOR-NEUROSURGERY	37.5	Highest	$1,208,415	$37,999	$1,246,414
RAJIV DATTA MD	PHYSICIAN	19.6	Highest	$1,314,198	$52,312	$1,366,510
JEREMY BOAL MD	FORMER OFFICER	0		$0	$0	$1,852,841

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	$67,544,550	$63,730,533	$46,302,070	$3,814,017
2024	No data	No data	No data	No data
2023	$64,438,780	$61,133,565	$36,260,695	$3,305,215
2022	$94,278,770	$94,350,208	$39,820,947	$-71,438
2021	$90,458,185	$88,622,460	$45,244,502	$1,835,725
2020	$82,278,474	$93,999,419	$41,019,821	$-11,720,945
2019	$83,282,993	$95,231,288	$44,994,760	$-11,948,295
2018	$53,766,647	$79,088,050	$43,582,014	$-25,321,403

South Nassau Communities Hospital