Silver Cross Health System (EIN 363185353) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

Vincent Pryor

Phone

8153007007

Tax Period

2023-10-01 to 2024-09-30

Silver Cross Health System, founded in 1981, is a mid-sized nonprofit in the Health Care sector that reported $14.1M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.0M, a strong 21% operating margin.

Mission

To establish, conduct and operate hospitals and community medical centers and to operate other facilities for the care of persons suffering from illnesses or disabilities or otherwise requiring inpatient or outpatient hospital care, community medical care or care in the home.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,579,509

Investment Income $3,542,439

Other Revenue $0

TOTAL REVENUE $14,121,948

Expense Breakdown

Grants Paid $43,958

Salaries & Benefits $8,906,455

Fundraising Expenses $252,326

Program Expenses $10,637,123

Other Expenses $2,147,550

TOTAL EXPENSES $11,097,963

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,121,948	$11,143,641	+0.3%
Expenses	$11,097,963	$9,779,402	+0.1%
Net Income	$3,023,985	$1,364,239	+1.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$3,171,358

Total Directors

$3,171,358

Key Employees

$2,246,658

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ruth Colby	President/CEO (until 10/16/23)	40.00	Officer Director	$1,398,739	$64,361	$1,463,100
Vincent Pryor	Asst. Treasurer/CFO	40.00	Officer Director	$988,016	$60,950	$1,048,966
Michael Mutterer	President/CEO	40.00	Officer Director	$600,516	$58,776	$659,292
Jean Kenol	Chair	1.00	Officer Director	$0	$0	$0
Michael Scudder	First Vice Chair	1.00	Officer Director	$0	$0	$0
Susan Prock	Second Vice Chair & Secretary	1.00	Officer Director	$0	$0	$0
Dr David Mikolajczak	Treasurer	1.00	Officer Director	$0	$0	$0
Sid Bala	Director	1.00	Director	$0	$0	$0
Vincent Cornelius	Director	1.00	Director	$0	$0	$0
Terry D'Arcy	Director	1.00	Director	$0	$0	$0
Mark Danielson MD	Director	1.00	Director	$0	$0	$0
Jennifer Howard	Director	1.00	Director	$0	$0	$0
Douglas Hutchison Jr	Director (until 6/3/24)	1.00	Director	$0	$0	$0
Dr David Livingston	Director	1.00	Director	$0	$0	$0
Dr Judith Mitchell	Director	1.00	Director	$0	$0	$0
John Phelan	Director	1.00	Director	$0	$0	$0
Mark Stofan	Director (until 6/3/24)	1.00	Director	$0	$0	$0
Denise Winfrey	Director	1.00	Director	$0	$0	$0
Chris Udovich	Chief Medical Officer	40.00	Key Emp	$509,958	$55,947	$565,905
Mark Jepson	VP Human Resources	40.00	Key Emp	$436,291	$57,692	$493,983
Dana Bradley	VP Human Resources	40.00	Key Emp	$426,086	$46,186	$472,272
Marybeth Antone	VP Clinical Operations	40.00	Key Emp	$366,591	$48,400	$414,991
Matthew Renn	VP Finance	40.00	Key Emp	$258,097	$41,410	$299,507
Michelle Bober	VP & Chief Strategy Officer	40.00	Highest	$125,678	$9,787	$135,465
Teresa Andrea	VP Chief Information Officer	40.00	Highest	$452,211	$58,110	$510,321
Scott Paddock	SVP External Affairs	40.00	Highest	$476,238	$26,813	$503,051

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	$14,121,948	$11,097,963	$149,177,033	$3,023,985
2023	$11,143,641	$9,779,402	$124,523,243	$1,364,239
2022	$11,108,323	$9,185,319	$103,355,832	$1,923,004
2021	$11,478,762	$9,750,710	$84,613,247	$1,728,052
2020	$11,359,724	$9,063,780	$76,213,276	$2,295,944

Silver Cross Health System