The Ingalls Memorial Hospital (EIN 362170866) - 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

1922

Legal Domicile

Phone

7083332300

Tax Period

2024-07-01 to 2025-06-30

THE INGALLS MEMORIAL HOSPITAL, founded in 1922, is a major nonprofit in the Health Care sector that reported $311.4M in total revenue in fiscal year 2017. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

INGALLS MEMORIAL HOSPITAL IS A NONPROFIT ACUTE CARE HOSPITAL ORGANIZED FOR THE PURPOSE OF PROVIDING PATIENT CARE, EDUCATION, RESEARCH AND COMMUNITY ASSISTANCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,157,491

Program Service Revenue $407,553,800

Investment Income $3,147,565

Other Revenue $6,717,420

TOTAL REVENUE $420,576,276

Expense Breakdown

Grants Paid $82,500

Salaries & Benefits $160,386,621

Fundraising Expenses $412,568

Program Expenses $355,687,599

Other Expenses $226,188,529

TOTAL EXPENSES $386,657,650

Year-over-Year Comparison

	2024	2023	Change
Revenue	$420,576,276	$387,878,212	+0.1%
Expenses	$386,657,650	$370,543,391	+0.0%
Net Income	$33,918,626	$17,334,821	+1.0%

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

2383

Volunteers

145

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

$4,255,843

Total Directors

$9,116,847

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS IRVIN	VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
KEVIN M PURCELL	CHAIRMAN	1.0	Officer Director	$0	$0	$0
MICHAEL ANTONIADES	PRESIDENT, INGALLS	40.0	Officer Director	$1,241,148	$155,102	$1,396,250
SAMUEL J CUTRARA JR	SECRETARY/TREASURER	1.0	Officer Director	$0	$0	$0
DANISH AHMED	BOARD MEMBER (EFF. 1/1/25)	1.0	Director	$0	$17,401	$141,119
ENGIN YILMAZ MD	BOARD MEMBER	1.0	Director	$0	$28,226	$525,358
FRANCIS ALMEDA	BOARD MEMBER (THRU 1/1/25)	1.0	Director	$0	$0	$0
GRETCHEN PACHOLEK	BOARD MEMBER/VP PATIENT CARE & CNO, INGALLS	40.0	Director	$0	$68,509	$446,629
HENRY JOHNSON	BOARD MEMBER	1.0	Director	$0	$0	$0
KAVEH RAHMANI DO	BOARD MEMBER	1.0	Director	$0	$40,481	$845,224
MARK KOZLOFF MD	BOARD MEMBER	1.0	Director	$0	$56,519	$745,800
MARY JO CRANDALL	BOARD MEMBER/VP OPERATIONS	40.0	Director	$423,610	$43,610	$467,220
NATHANIEL SUTTON	BOARD MEMBER	1.0	Director	$0	$0	$0
PAULA JACKSON	BOARD MEMBER	1.0	Director	$0	$0	$0
STEPHEN WEBER MD	BOARD MEMBER	1.0	Director	$0	$145,582	$1,379,572
THOMAS JACKIEWICZ	BOARD MEMBER/PRESIDENT UCHS	1.0	Director	$0	$398,244	$3,169,675
IVAN SAMSTEIN	CHIEF FINANCIAL OFFICER (THRU 12/31/24)	1.0	Officer	$0	$252,606	$2,048,478
MICHELLE SALOMON	ASSISTANT TREASURER	1.0	Officer	$0	$55,816	$495,180
TOMASZ SAMEK	ASSISTANT SECRETARY	1.0	Officer	$0	$41,159	$315,935
JENNIFER ARIADO	REGISTERED NURSE	40.0	Highest	$232,628	$45,258	$277,886
KIZZY ROUSSEAU HARDAWAY	Director Perioperative Services	40.0	Highest	$227,639	$45,074	$272,713
NEGIN KIYAVASH	DIRECTOR PHARMACY	40.0	Highest	$243,610	$19,260	$262,870
PAUL DONOHUE	VP PHILANTHROPY AND COMMUNITY	40.0	Highest	$307,165	$72,555	$379,720
SUSAN KLACZAK	EXECUTIVE DIRECTOR ACNO INGALLS	40.0	Highest	$242,848	$21,588	$264,436
EMILY CHASE	FORMER INTERIM PRESIDENT (7/10/22 THRU 3/7/23)	0.0		$0	$169,170	$1,094,520

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	$420,576,276	$386,657,650	$462,024,153	$33,918,626
2024	No data	No data	No data	No data
2023	$326,126,048	$352,297,943	$435,712,336	$-26,171,895
2022	$350,307,923	$358,853,017	$479,733,184	$-8,545,094
2021	$340,831,355	$341,849,814	$491,188,340	$-1,018,459
2020	$306,854,040	$325,858,390	$493,177,087	$-19,004,350
2019	$300,410,193	$304,049,392	$437,512,615	$-3,639,199
2018	$311,376,398	$324,731,166	$470,216,480	$-13,354,768

The Ingalls Memorial Hospital