St George Corporation

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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

2000

Legal Domicile

Principal Officer

Dr Terrence Moisan

Phone

6305815085

Tax Period

2020-01-01 to 2020-12-31

St George Corporation, founded in 2000, is a mid-sized nonprofit in the Health Care sector that reported $83.9M in total revenue in fiscal year 2020. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $79.4M, a strong 95% operating margin.

Mission

St. George Corporation's purpose is to solicit and receive contributions on behalf of Palos Community Hospital (Palos), support educational activities related to rendering health care services, promote scientific research relating to the care of the sick, and to support the Hospital and its respective purposes.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

St. George Corporation is a supporting organization of the Palos Health System, which includes Palos Community Hospital an IRC Section 501(c)(3) Organization.During 2020, the organization supported by St. George Corporation provided service for 17,000 inpatients and 186,000 outpatients at Palos. Palos Medical Group provided 197,000 office visits and Palos Imaging provided more than 47,000 imaging procedures.St. George Corporation committed resources to the formation of Chicago Health Colleagues (CHC), a physician led, clinically integrated network (CIN) in 2015. There are currently about 420 members representing about 70 practices and about 45 specialties, working together with Palos to improve quality, cost and effectiveness of health care services. As hospitals continue to be held more accountable for patient outcomes and cost, CHC is prepared for new value based care and accountability through the use of proven clinical protocols, measures and analytics to demonstrate improved patient care, decreased cost and increased efficiency. The technology and analytics to support clinical integration and population health enables robust data analytics and information sharing even with independent physicians across disparate computer systems. Chicago Health Colleagues has contracts with new and existing payors in the market including large payors for performance based shared savings contracts that offer incentives for the hospital and CHC members working together to improve quality, care coordination and efficiency of care.

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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 (2020)

Revenue Breakdown

Contributions & Grants $17,946

Program Service Revenue $0

Investment Income $83,613,463

Other Revenue $267,797

TOTAL REVENUE $83,899,206

Expense Breakdown

Grants Paid $0

Salaries & Benefits $641,032

Fundraising Expenses $0

Other Expenses $3,897,737

TOTAL EXPENSES $4,538,769

Year-over-Year Comparison

	2020	2019	Change
Revenue	$83,899,206	$61,510,642	+0.4%
Expenses	$4,538,769	$4,225,808	+0.1%
Net Income	$79,360,437	$57,284,834	+0.4%

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

N/A

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

$1,689,761

Total Directors

$1,354,683

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Terrence Moisan	President & CEO	20.00	Officer Director	$0	$49,893	$914,108
Don Dixon	Secretary	12.00	Officer	$0	$52,968	$460,503
Dr Mark Sinibaldi	Director	1.00	Director	$0	$42,751	$440,575
Michael Rauwolf	Treasurer	1.00	Officer	$0	$49,196	$315,150
Lawrence Hunt	Chairman	1.00	Officer Director	$0	$0	$0
Jason Ley	Vice Chairman	1.00	Officer Director	$0	$0	$0
Fr Patrick O'Neill	Director	1.00	Director	$0	$0	$0
Edward Mulcahy	Director	1.00	Director	$0	$0	$0
Dr Vincent Muscarello	Director	1.00	Director	$0	$0	$0
Jack Vainauskas	Director	1.00	Director	$0	$0	$0
George Sreckovic MD	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
2020	$83,899,206	$4,538,769	$888,193,845	$79,360,437
2020	$83,899,206	$4,498,754	$868,173,914	$79,400,452
2020	$83,899,206	$4,498,754	$868,170,914	$79,400,452
2019	$61,510,642	$4,225,808	$900,687,763	$57,284,834
2018	$20,596,081	$2,709,973	$797,247,213	$17,886,108
2017	$25,821,450	$2,569,536	$769,226,271	$23,251,914
2016	$68,818,580	$3,099,210	$684,894,514	$65,719,370