ST LUKE'S HOSPITAL (EIN 344428232) - 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

1906

Legal Domicile

Principal Officer

BRIAN BALUTANSKI

Phone

8103421169

Tax Period

2022-10-01 to 2023-09-30

ST LUKE'S HOSPITAL, founded in 1906, is a mid-sized nonprofit in the Health Care sector that reported $24.2M in total revenue in fiscal year 2022. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $154.0M exceeded revenue, resulting in a 536% operating deficit.

Mission

ST. LUKE'S HOSPITAL IS COMMITTED TO PROVIDING QUALITY, COST-EFFECTIVE HEALTHCARE SERVICES THROUGH THE USE OF ADVANCED SERVICES WHILE FOSTERING WELLNESS.

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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 $780,502

Program Service Revenue $73,046,983

Investment Income $-49,928,755

Other Revenue $330,652

TOTAL REVENUE $24,229,382

Expense Breakdown

Grants Paid $101,345

Salaries & Benefits $56,819,468

Fundraising Expenses $0

Program Expenses $113,247,251

Other Expenses $97,060,538

TOTAL EXPENSES $153,981,351

Year-over-Year Comparison

	2022	2021	Change
Revenue	$24,229,382	$171,843,780	-0.9%
Expenses	$153,981,351	$211,627,425	-0.3%
Net Income	$-129,751,969	$-39,783,645	+2.3%

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

1566

Volunteers

150

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

$13,939,280

Total Directors

$15,216,110

Key Employees

$1,201,426

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA MACHIN	SECRETARY	1.00	Officer Director	$0	$0	$0
CINDY SMITH	VICE-CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DALE SEYMOUR	TREASURER	1.00	Officer Director	$0	$0	$0
GREGORY LANE	MCLAREN EXEC VP & CAO	1.00	Officer Director	$0	$44,131	$2,349,138
JANET EATON SMITH	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER MONTGOMERY	PRESIDENT/CEO EX-OFFICIO	41.00	Officer Director	$0	$35,972	$806,437
JOHN BACHEY	TRUSTEE	1.00	Director	$0	$0	$0
LALAINE MATTISON MD	TRUSTEE/PHYSICIAN	41.00	Director	$280,925	$26,672	$307,597
MARY ARQUETTE	TRUSTEE	1.00	Director	$0	$0	$0
MOHAMMED EL SAYYAD MD	TRUSTEE/PHYSICIAN	41.00	Director	$353,554	$29,194	$382,748
PHILIP INCARNATI	MCLAREN PRESIDENT & CEO	1.00	Officer Director	$0	$35,341	$10,783,705
SALVADOR PERON MD	TRUSTEE/PHYSICIAN	41.00	Director	$558,220	$28,265	$586,485
STEPHEN BAUERLE	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY GOLIGOSKI	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ALISON AVENDT	CHIEF OPERATING OFFICER	41.00	Key Emp	$262,036	$21,064	$283,100
ANGELA LONG	VP CHIEF NURSING OFFICER	41.00	Key Emp	$279,868	$23,680	$303,548
STEPHEN P BAZELEY	CHIEF MEDICAL OFFICER	41.00	Key Emp	$248,488	$25,826	$274,314
STEVE THOMPSON	VP CHIEF FINANCIAL OFFICER-PART YEAR	41.00	Key Emp	$323,800	$16,664	$340,464
BENJAMIN J SALPIETRO	PHYSICIAN	40.00	Highest	$813,319	$813,319	$1,626,638
BRIAN HOEFLINGER	PHYSICIAN	40.00	Highest	$1,012,225	$1,012,225	$2,024,450
DAVID LEWIS	PHYSICIAN	40.00	Highest	$815,433	$815,433	$1,630,866
JAMES D LYIONS	PHYSICIAN	40.00	Highest	$747,042	$747,042	$1,494,084
LAWRENCE SPETKA	PHYSICIAN	40.00	Highest	$910,080	$910,080	$1,820,160
CONNIE SESSLER	FORMER VP HUMAN RESOURCES	41.00		$224,177	$20,897	$245,074
JEFF KIM	FORMER VP INFORMATION	41.00		$275,018	$0	$275,018
JILL TROSIN	FORMER VP CHIEF NURSING OFFICER	41.00		$156,540	$0	$156,540
KEVIN RILEY	FORMER CHIEF FINANCIAL OFFICER	41.00		$100,487	$0	$100,487

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
2023	$24,229,382	$153,981,351	No data	$-129,751,969
2023	$24,229,382	$153,981,351	No data	$-129,751,969
2022	$171,843,780	$211,627,425	$199,430,419	$-39,783,645
2021	$231,520,498	$219,249,667	$213,857,056	$12,270,831
2019	$194,301,693	$220,305,635	$235,122,404	$-26,003,942
2018	$179,758,699	$206,710,706	$250,481,476	$-26,952,007

ST LUKE'S HOSPITAL