Ascension Health

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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

Rooted in the loving ministry of Jesus as healer, we commit ourselves to serving all persons with special attention to those who are poor and vulnerable. Our Catholic health ministry is dedicated to spiritually centered, holistic care, which sustains and improves the health of individuals and communities. We are advocates for a compassionate and just society through our actions and our words.

Program Service Accomplishments

Program 1

Expenses: $172,438,774 Revenue: $225,322,422

THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO...

THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO THOSE WHO NEED IT THE MOST. ASCENSION HEALTH IS A MISSION-FOCUSED ORGANIZATION TRANSFORMING HEALTH CARE BY PROVIDING THE HIGHEST QUALITY CARE TO ALL, WITH SPECIAL ATTENTION TO THOSE WHO ARE POOR AND VULNERABLE. IN FISCAL YEAR 2023, THE ASCENSION HEALTH SYSTEM EMPLOYED 134,000 ASSOCIATES SERVING IN 2,600+ LOCATIONS IN 19 STATES AND THE DISTRICT OF COLUMBIA. HOWEVER, IN COMPARISON TO MANY OTHER ORGANIZATIONS OF SIMILAR SCOPE AND COMPLEXITY, AS A NONPROFIT, SPIRITUALLY-CENTERED HEALTHCARE SYSTEM, ASCENSION DIFFERENTIATES ITSELF IN TERMS OF MISSION, PRIORITIES AND CHALLENGES. IN FISCAL YEAR 2023 ALONE, ASCENSION HEALTH PROVIDED $2.2 BILLION IN CARE OF PERSONS LIVING IN POVERTY AND COMMUNITY BENEFIT PROGRAMS.

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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