Ascension Health (EIN 311662309) - 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

1999

Legal Domicile

Phone

3147338000

Tax Period

2022-07-01 to 2023-06-30

Ascension Health, founded in 1999, is a major nonprofit in the Health Care sector that reported $228.5M in total revenue in fiscal year 2022. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $211.4M left a modest 7% surplus.

Mission

ONE OF THE NATION'S LEADING CATHOLIC AND NONPROFIT HEALTH SYSTEMS, SERVING THE POOR AND VULNERABLE.

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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 $2,446,761

Program Service Revenue $220,941,261

Investment Income $506,482

Other Revenue $4,577,991

TOTAL REVENUE $228,472,495

Expense Breakdown

Grants Paid $1,000,000

Salaries & Benefits $159,345,077

Fundraising Expenses $0

Program Expenses $172,438,774

Other Expenses $51,065,283

TOTAL EXPENSES $211,410,360

Year-over-Year Comparison

	2022	2021	Change
Revenue	$228,472,495	$182,138,445	+0.3%
Expenses	$211,410,360	$163,529,596	+0.3%
Net Income	$17,062,135	$18,608,849	-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

N/A

Employees

2567

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

$22,143,569

Total Directors

$13,088,496

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	SECRETARY	0.0	Officer Director	$0	$528,615	$3,215,639
N/A	CHAIR & PRESIDENT & CEO (END 2/2023)/CHAIR & CEO (START 2/2023)	0.0	Officer Director	$0	$61,076	$9,118,708
N/A	TREASURER	0.0	Officer Director	$0	$56,863	$754,149
N/A	PRESIDENT (START 2/2023)	0.0	Officer	$0	$1,151,336	$5,073,352
N/A	CFO	0.0	Officer	$0	$57,928	$3,981,721
N/A	REGISTERED NURSE	50.0	Highest	$306,782	$32,244	$339,026
N/A	VP & CPO, ASCENSION PHARMACY SERVICES (END 4/2022)	50.0	Highest	$523,747	$6,615	$530,362
N/A	VP, ASCENSION CONNECT	50.0	Highest	$487,907	$32,729	$520,636
N/A	AVP, ASCENSION PHARMACY SERVICES	50.0	Highest	$332,508	$48,024	$380,532
N/A	SENIOR DIRECTOR, ASCENSION PHARAMCY SERVICES	50.0	Highest	$296,989	$33,540	$330,529
N/A	FORMER OFFICER (END 5/2019)	0.0		$0	$58,680	$3,360,664
N/A	FORMER OFFICER (END 6/2019)	0.0		$0	$39,995	$1,551,640

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	$228,472,495	$211,410,360	$234,284,370	$17,062,135
2022	$182,138,445	$163,529,596	$160,536,770	$18,608,849
2021	$149,217,660	$140,557,907	$98,360,084	$8,659,753
2020	$140,801,464	$152,205,724	$100,145,370	$-11,404,260
2019	$122,971,289	$133,845,450	$95,649,155	$-10,874,161
2018	$239,742,223	$214,676,268	$348,393,795	$25,065,955

Ascension Health