SINAI HEALTH SYSTEM (EIN 363166895) - 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

1981

Legal Domicile

Principal Officer

DR NGOZI O EZIKE MD

Phone

7735422000

Tax Period

2022-07-01 to 2023-06-30

SINAI HEALTH SYSTEM, founded in 1981, is a mid-sized nonprofit in the Health Care sector that reported $89.1M in total revenue in fiscal year 2022. Revenue decreased 9% compared to the prior year.

Mission

SINAI HEALTH SYSTEM'S MISSION IS TO IMPROVE THE HEALTH OF THE INDIVIDUALS AND COMMUNITIES IT SERVES.

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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 $6,844,773

Program Service Revenue $80,346,296

Investment Income $253,797

Other Revenue $1,644,627

TOTAL REVENUE $89,089,493

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $45,358,907

Fundraising Expenses $704,491

Program Expenses $64,794,549

Other Expenses $47,513,315

TOTAL EXPENSES $92,877,222

Year-over-Year Comparison

	2022	2021	Change
Revenue	$89,089,493	$98,056,845	-0.1%
Expenses	$92,877,222	$89,513,852	+0.0%
Net Income	$-3,787,729	$8,542,993	-1.4%

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

647

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

$3,508,653

Total Directors

$1,829,614

Key Employees

$2,276,946

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN TEITELBAUM	PRESIDENT & CEO - THRU DEC. 2022	3.00	Officer Director	$0	$15,823	$1,339,105
NGOZI EZIKE MD	PRESIDENT & CEO - BEG. JUNE 2022	3.00	Officer Director	$0	$675	$490,509
BRIAN DOLAN	DIRECTOR & CHAIRMAN	2.00	Officer Director	$0	$0	$0
ALEJANDRA GARZA	DIRECTOR & VICE CHAIR	2.00	Director	$0	$0	$0
KENNETH AVNER	DIRECTOR & TREASURER	2.00	Officer Director	$0	$0	$0
LESLIE DAVIS	DIRECTOR & SECRETARY	2.00	Officer Director	$0	$0	$0
LESLIE MITCHEL-BOND	DIRECTOR	2.00	Director	$0	$0	$0
ANNE DONNELLY	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL R DAVENPORT MD	DIRECTOR	2.00	Director	$0	$0	$0
ONYINYECHI DANIEL	DIRECTOR	2.00	Director	$0	$0	$0
ROXANNE J DECYK	DIRECTOR	2.00	Director	$0	$0	$0
VIVIAN FUNCHES	DIRECTOR	2.00	Director	$0	$0	$0
FR WILLIAM GROGAN	DIRECTOR	2.00	Director	$0	$0	$0
AVERY HART MD	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL J HAYES	DIRECTOR	2.00	Director	$0	$0	$0
NAKISHA HOBBS	DIRECTOR	2.00	Director	$0	$0	$0
WAYNE M LERNER	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT MARKIN	DIRECTOR	2.00	Director	$0	$0	$0
BRET MAXWELL	DIRECTOR	2.00	Director	$0	$0	$0
LEE MILLER	DIRECTOR	2.00	Director	$0	$0	$0
WILBUR MILHOUSE	DIRECTOR	2.00	Director	$0	$0	$0
ABRAHAM MORGAN	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN A MORALES	DIRECTOR	2.00	Director	$0	$0	$0
KATYA NUQUES	DIRECTOR	2.00	Director	$0	$0	$0
ALEX PISSIOS	DIRECTOR - THRU OCT. 2022	2.00	Director	$0	$0	$0
DAVID SMITH	DIRECTOR	2.00	Director	$0	$0	$0
RACHEL STERNBERG	DIRECTOR	2.00	Director	$0	$0	$0
HELEN MARGELLOS ANAST	PRESIDENT, SINAI URBAN HEALTH INSTITUTE	40.00	Officer	$229,462	$35,660	$265,122
DEBRA WESLEY	PRESIDENT - SCI	20.00	Officer	$0	$18,861	$310,501
DIMAS ORTEGA	CFO, INTERIM - BEG. JUNE 2022	3.00	Officer	$0	$2,343	$350,436
GARY KRUGEL	CFO - THRU APR. 2022	3.00	Officer	$0	$28,156	$752,980
DAVID CAPONE	CFO, INTERIM 01/2023 THRU 04/2023	3.00	Officer	$0	$0	$0
AIRICA STEED	CHIEF OPERATING OFFICER	3.00	Key Emp	$0	$33,413	$906,084
WILLIAM FOLEY	COO, INTERIM - 10/2022 TO 10/2023	2.00	Key Emp	$0	$0	$0
ELIZABETH CONNOLLY	GENERAL COUNSEL	3.00	Key Emp	$0	$3,284	$515,162
JASON SPIGNER	CHIEF HUMAN RESOURCES OFFICER	3.00	Key Emp	$0	$16,461	$520,644
KENNETH SLAWKOWSKI	CHIEF INFORMATION OFFICER	3.00	Key Emp	$0	$22,354	$335,056
DANIEL REGAN JR	VP, COMMUNICATIONS PR AND MARKETING	40.00	Highest	$293,671	$37,144	$330,815
DENISSE LEON	VICE PRESIDENT BUS DEV & PROVIDER ENTERPRISE STRAT	40.00	Highest	$237,719	$19,930	$257,649
JOY SHULRUFF	LEGAL COUNSEL, HR OPERATIONS	40.00	Highest	$259,430	$0	$259,430
MICHAEL MCCONNELL	EXECUTIVE DIRECTOR RISK MANAGEMENT	40.00	Highest	$193,713	$8,861	$202,574
NATHALIE CORDEIRO NUNES	EXEC DIR, D.E.I / CHIEF DIVERSITY OFFICER	40.00	Highest	$198,637	$9,941	$208,578

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	$89,089,493	$92,877,222	$235,850,900	$-3,787,729
2022	$98,056,845	$89,513,852	$247,481,082	$8,542,993
2021	$93,419,606	$82,501,361	$281,453,478	$10,918,245
2020	$82,146,908	$73,649,613	$238,311,110	$8,497,295
2019	$67,059,975	$66,000,023	$186,221,683	$1,059,952
2018	$54,521,780	$48,310,262	$156,033,744	$6,211,518

SINAI HEALTH SYSTEM