UNIVERSITY HOSPITALS HEALTH SYSTEM INC (EIN 340714775) - 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

1940

Legal Domicile

Principal Officer

BRADLEY C BOND

Phone

2168441000

Tax Period

2023-01-01 to 2023-12-31

UNIVERSITY HOSPITALS HEALTH SYSTEM INC, founded in 1940, is a major nonprofit in the Health Care sector that reported $990.1M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Net assets of $2.8B represent 34 months of operating reserves.

Mission

UNIVERSITY HOSPITALS (THE SYSTEM) IS GUIDED BY ITS MISSION, "TO HEAL. TO TEACH. TO DISCOVER."

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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 $22,331,773

Program Service Revenue $830,014,938

Investment Income $43,704,398

Other Revenue $94,074,883

TOTAL REVENUE $990,125,992

Expense Breakdown

Grants Paid $1,778,155

Salaries & Benefits $475,597,693

Fundraising Expenses $13,096,533

Program Expenses $764,776,638

Other Expenses $509,376,677

TOTAL EXPENSES $986,752,525

Year-over-Year Comparison

	2023	2022	Change
Revenue	$990,125,992	$878,242,319	+0.1%
Expenses	$986,752,525	$904,182,328	+0.1%
Net Income	$3,373,467	$-25,940,009	-1.1%

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

5826

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

$13,785,373

Total Directors

$4,258,823

Key Employees

$1,504,962

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADELMAN JOEL E	DIRECTOR	2.00	Director	$0	$0	$0
ANTON ARTHUR F	DIRECTOR/CHAIR (END 05/23)	2.00	Officer Director	$0	$0	$0
ANTONUCCI JOHN	DIRECTOR	2.00	Director	$0	$0	$0
BAUM ROBIN I	DIRECTOR	2.00	Director	$0	$0	$0
BEER ANNE	DIRECTOR EX OFFICIO	2.00	Director	$0	$0	$0
CARESTIO DANIEL A	DIRECTOR (BEGIN 06/23)	2.00	Director	$0	$0	$0
CONNELL MICHELE L	DIRECTOR	2.00	Director	$0	$0	$0
DECKARD JENNIFER	DIRECTOR	2.00	Director	$0	$0	$0
DELLA RATTA RALPH	DIRECTOR (END 05/23)	2.00	Director	$0	$0	$0
GORMAN CHRISTOPHER M	DIRECTOR	2.00	Director	$0	$0	$0
HABER IRWIN G	DIRECTOR EX OFFICIO	2.00	Director	$0	$0	$0
HANNA IV HOWARD HOBY W	DIRECTOR (BEGIN 06/23)	2.00	Director	$0	$0	$0
HARGAN ERIC D	DIRECTOR	2.00	Director	$0	$0	$0
HASLAM DEE	DIRECTOR/VICE CHAIR	2.00	Officer Director	$0	$0	$0
HELLER DAVID J	DIRECTOR	2.00	Director	$0	$0	$0
JAROS CAREY	DIRECTOR	2.00	Director	$0	$0	$0
JONES HAROLD V	DIRECTOR	2.00	Director	$0	$0	$0
KELSHEIMER JERRY L	DIRECTOR/VICE CHAIR (BEGIN 06/23)	2.00	Officer Director	$0	$0	$0
LACEY WILLIAM	DIRECTOR (END 05/23)	2.00	Director	$0	$0	$0
MAINARDI CESARE	DIRECTOR	2.00	Director	$0	$0	$0
MEGERIAN CLIFF MD	DIRECTOR EX OFFICIO/CEO	50.00	Officer Director	$2,767,975	$58,510	$2,826,485
MIGGINS LYNN	DIRECTOR EX OFFICIO	2.00	Director	$0	$0	$0
MORIKIS JOHN G	DIRECTOR/VICE CHAIR(END 5/23)/CHAIR	2.00	Officer Director	$0	$0	$0
PANDRANGI VASU MD	DIRECTOR EX OFFICIO	2.00	Director	$0	$0	$0
PETZ HEIDI G	DIRECTOR (BEGIN 06/23)	2.00	Director	$0	$0	$0
POTASH STEVEN	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD RONALD B	DIRECTOR (BEGIN 06/23)	2.00	Director	$0	$0	$0
SABIK JOSEPH MD	DIRECTOR	2.00	Director	$0	$62,078	$1,432,338
SETHI NEIL MD	DIRECTOR	2.00	Director	$0	$0	$0
SMITH ROBERT C	DIRECTOR	2.00	Director	$0	$0	$0
TALTON SHEILA	DIRECTOR	2.00	Director	$0	$0	$0
TAYLOR EDDIE JR	DIRECTOR	2.00	Director	$0	$0	$0
YOUNG WILLIAM A JR	DIRECTOR EX OFFICIO	2.00	Director	$0	$0	$0
ADELMAN HARLIN G ESQ	CHIEF LEGAL OFFICER/SECRETARY	50.00	Officer	$985,590	$68,883	$1,054,473
HEREFORD MICHELLE	CHIEF NURSING OFFICER	50.00	Officer	$640,179	$36,969	$677,148
HINCHEY PAUL R	CHIEF OPERATING OFFICER	50.00	Officer	$1,205,419	$50,588	$1,256,007
PRONOVOST PETER MD	CHIEF QUALITY OFFICER	50.00	Officer	$1,033,909	$24,833	$1,058,742
PULLIAM LAVONNE	CHIEF COMPLIANCE OFFICER	50.00	Officer	$359,821	$47,593	$407,414
SIMON DANIEL I MD	CHIEF SCIENTIFIC OFFICER	50.00	Officer	$1,456,439	$54,017	$1,510,456
SNOWBERGER THOMAS D	CHIEF ADMINISTRATIVE OFFICER	50.00	Officer	$1,101,664	$43,005	$1,144,669
SYLVAN DAVID	CHIEF STRATEGY OFFICER (BEGIN 05/23)	50.00	Officer	$492,458	$19,575	$512,033
SZUBSKI MICHAEL A	CHIEF FINANCIAL OFFICER/TREASURER	50.00	Officer	$1,424,647	$311,467	$1,736,114
TAIT PAUL G	CHIEF STRATEGY OFFICER (END 09/23)	50.00	Officer	$1,565,275	$36,557	$1,601,832
KEEGAN ARTHUR E	CHIEF MARKETING OFFICER	50.00	Key Emp	$595,888	$50,555	$646,443
BISHOP SHERRI L	CHIEF DEVELOPMENT OFFICER	50.00	Key Emp	$790,860	$67,659	$858,519
STAMLER JONATHAN	PRESIDENT HDI	50.00	Highest	$1,531,130	$45,330	$1,576,460
TEKNOS THEODOROS N	PRESIDENT SIEDMAN CANCER CENTER	50.00	Highest	$1,436,176	$55,543	$1,491,719
SHISHEHBOR MEHDI	PRESIDENT UH HARRINGTON HEART	50.00	Highest	$959,393	$60,302	$1,019,695
SASSER SCOTT M	PRESIDENT - UHMG AND UHPS	50.00	Highest	$924,530	$60,771	$985,301
PAPA ALAN J	COO, UH EAST MARKET	50.00	Highest	$874,387	$46,147	$920,534
MILLER JANET L ESQ	FORMER OFFICER	0.00		$190,376	$0	$190,376

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	$990,125,992	$986,752,525	$5,988,003,356	$3,373,467
2022	$878,242,319	$904,182,328	$5,635,764,872	$-25,940,009
2021	$960,105,000	$842,363,000	$6,082,138,000	$117,742,000
2020	$765,170,000	$777,848,000	$5,291,459,000	$-12,678,000
2019	$700,518,000	$812,977,000	$4,606,270,000	$-112,459,000
2018	$604,620,000	$676,694,000	$4,379,025,000	$-72,074,000

UNIVERSITY HOSPITALS HEALTH SYSTEM INC