SAINT JOSEPH REGIONAL MEDICAL CENTER INC (EIN 351568821) - 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

1983

Legal Domicile

Principal Officer

SHAWN VINCENT

Phone

5743355000

Tax Period

2022-07-01 to 2023-06-30

SAINT JOSEPH REGIONAL MEDICAL CENTER INC, founded in 1983, is a major nonprofit in the Health Care sector that reported $121.1M in total revenue in fiscal year 2022. Expenses of $148.8M exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PROVIDE HEALTH CARE SYSTEM MANAGEMENT AND SUPPORT

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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 $78,471

Program Service Revenue $114,234,533

Investment Income $-298,001

Other Revenue $7,062,407

TOTAL REVENUE $121,077,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,824,650

Fundraising Expenses $0

Program Expenses $137,237,257

Other Expenses $75,927,125

TOTAL EXPENSES $148,751,775

Year-over-Year Comparison

	2022	2021	Change
Revenue	$121,077,410	$115,440,470	+0.0%
Expenses	$148,751,775	$154,324,285	0.0%
Net Income	$-27,674,365	$-38,883,815	-0.3%

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

3865

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

$7,207,430

Total Directors

$5,566,437

Key Employees

$772,432

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL ISACKSEN	TREAS AT 1/23;TRINITY HEALTH EVP,CFO	1.00	Officer	$0	$328,490	$1,950,338
SHAWN VINCENT	DIRECTOR; PRES & CEO IL/IN REGION	1.00	Officer Director	$0	$300,646	$1,856,449
TAMMY LUNDSTROM MD	DIRECTOR; TRINITY HEALTH SVP, CMO	1.00	Director	$0	$245,551	$1,519,906
MATTHEW FOLSTEIN MD	SURGEON	50.00	Highest	$1,057,746	$48,497	$1,106,243
RICHARD FREEMAN MD	REGIONAL CHIEF CLINICAL OFFICER	1.00	Officer	$0	$170,346	$1,083,471
ASHFAQ TURK MD	CARDIOLOGIST	50.00	Highest	$828,864	$54,473	$883,337
SACHIN PATEL MD	CARDIOLOGIST	50.00	Highest	$826,859	$52,903	$879,762
CHAD TOWNER	FORMER OFFICER	0.00		$0	$18,275	$851,298
ERIC KNAPP DO	SURGEON	50.00	Highest	$772,891	$48,895	$821,786
ZACHARY LESHEN MD	CARDIOLOGIST	50.00	Highest	$764,087	$48,650	$812,737
GENEVIEVE LANKOWICZ MD	SJHS REG CMO THROUGH 9/22	10.00	Key Emp	$0	$304,769	$772,432
CHRISTOPHER GONZALEZ MD	DIRECTOR; UROLOGIST	1.00	Director	$0	$15,606	$759,954
MELISSA LUKASICK	ASST TREASURER; REGIONAL CFO IL/IN	1.00	Officer	$0	$108,246	$697,840
NEIL GUPTA MD	DIR THR 12/22; GASTROENTEROLOGIST	1.00	Director	$0	$26,652	$620,504
JILL RAPPIS	SECRETARY; LOYOLA SVP, GENL COUNSEL	1.00	Officer	$0	$48,898	$600,180
DOUGLAS STRONG	FMR OFF;INT PRES MERCYONE SC THR2/23	0.00		$0	$34,538	$536,475
EVA WOJCIK MD	DIRECTOR; PATHOLOGIST	1.00	Director	$0	$42,176	$482,200
JASON SCHULTZ	FORMER OFFICER	0.00		$0	$174,535	$473,052
ROBERT SINK	CFO SJHS THRU 9/22; VP FIN AT 9/22	28.00	Officer	$0	$45,692	$379,749
MARIA PEKAR	ASST SECRY AT 1/23; ASSOC GENL CSL	1.00	Officer	$0	$46,174	$347,522
JEFFREY MATHIS	ASST SECRETARY AT 1/23; GENL COUNSEL	28.00	Officer	$0	$36,946	$291,881
AARON MICHELFELDER MD	DIR AT 1/23; PHYSICIAN, FAMILY MED	1.00	Director	$0	$24,101	$219,807
SAM MARZO MD	DIRECTOR; OTOLARYNGOLOGIST	1.00	Director	$0	$7,470	$107,617
ANTONIO ORTIZ	DIRECTOR; CHAIR	1.00	Officer Director	$0	$0	$0
DERONDAL BEVLY	DIRECTOR	1.00	Director	$0	$0	$0
MARION FULCE	DIRECTOR	1.00	Director	$0	$0	$0
JIM HAIST	DIRECTOR	1.00	Director	$0	$0	$0
ABRAHAM MARCUS	DIRECTOR THROUGH 10/22	1.00	Director	$0	$0	$0
ARTHUR ZAYAS MILLER	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS PIERCE	DIRECTOR	1.00	Director	$0	$0	$0
EILEEN WROBLESKICSC	DIRECTOR	1.00	Director	$0	$0	$0

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	$121,077,410	$148,751,775	$583,919,257	$-27,674,365
2022	$115,440,470	$154,324,285	$438,308,903	$-38,883,815
2021	$105,118,984	$140,440,550	$310,696,031	$-35,321,566
2020	$100,686,126	$133,895,354	$164,545,623	$-33,209,228
2019	$94,671,222	$127,855,851	$67,048,790	$-33,184,629
2018	$91,919,570	$124,074,377	$66,167,397	$-32,154,807

SAINT JOSEPH REGIONAL MEDICAL CENTER INC