ASCENSION BORGESS HOSPITAL

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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

1927

Legal Domicile

Phone

3147338000

Tax Period

2022-07-01 to 2023-06-30

ASCENSION BORGESS HOSPITAL, founded in 1927, is a major nonprofit in the Health Care sector that reported $431.1M in total revenue in fiscal year 2022. Revenue decreased 13% compared to the prior year. Expenses of $521.9M exceeded revenue, resulting in a 21% operating deficit.

Mission

ROOTED IN THE LOVING MINISTRY OF JESUS AS HEALER, WE COMMIT OURSELVES TO SERVING ALL PERSONS WITH SPECIAL ATTENTION TO THOSE WHO ARE POOR AND VULNERABLE. OUR CATHOLIC HEALTH MINISTRY IS DEDICATED TO SPIRITUALLY-CENTERED, HOLISTIC CARE WHICH SUSTAINS AND IMPROVES THE HEALTH OF INDIVIDUALS AND COMMUNITIES. WE ARE ADVOCATES FOR A COMPASSIONATE AND JUST SOCIETY THROUGH OUR ACTIONS AND OUR WORDS.

Program Service Accomplishments

Program 1

Expenses: $378,864,736 Revenue: $426,311,055

The filing organization is a part of the Ascension Catholic Health Ministry. Ascension is a faith-based healthcare organization that delivers personalized, compassionate care to all, especially to...

The filing organization is a part of the Ascension Catholic Health Ministry. Ascension is a faith-based healthcare organization that delivers personalized, compassionate care to all, especially to those who need it the most. Ascension Borgess Hospital is a 384-bed hospital campus providing services without regard to patient race, creed, national origin, economic status, or ability to pay. During fiscal year 2023, Ascension Borgess Hospital treated 12,338 adults and children for a total of 64,104 patient days of service. The hospital also provided services for 281,659 outpatient visits, which included 6,746 outpatient surgeries and 46,354 Emergency Room Visits. See Schedule H for a non-exhaustive list of community benefit programs and descriptions.

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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 $2,324,551

Program Service Revenue $426,334,680

Investment Income $1,285,790

Other Revenue $1,143,015

TOTAL REVENUE $431,088,036

Expense Breakdown

Grants Paid $765,698

Salaries & Benefits $183,324,234

Fundraising Expenses $0

Program Expenses $378,864,736

Other Expenses $337,778,875

TOTAL EXPENSES $521,868,807

Year-over-Year Comparison

	2022	2021	Change
Revenue	$431,088,036	$494,103,290	-0.1%
Expenses	$521,868,807	$540,485,067	0.0%
Net Income	$-90,780,771	$-46,381,777	+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

3271

Volunteers

108

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

$8,868,780

Total Directors

$7,836,015

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	MINISTRY MARKET EXECUTIVE/PRESIDENT (START 1/2023)	0.0	Officer Director	$0	$37,944	$1,585,940
N/A	SECRETARY/TREASURER	1.0	Officer Director	$0	$0	$0
N/A	INTERIM MARKET PRESIDENT (START 8/2022 - END 12/2022)	0.0	Officer Director	$0	$54,191	$2,386,194
N/A	INTERIM MARKET PRESIDENT (START 7/2022 - END 8/2022)	0.0	Officer Director	$0	$47,680	$3,857,281
N/A	CHAIR	1.0	Officer Director	$0	$0	$0
N/A	VICE CHAIR	1.0	Officer Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$6,600	$0	$6,600
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	CFO, MINISTRY MARKET (START 7/2022 - END 3/2023)	0.0	Officer	$0	$19,904	$333,808
N/A	CFO, MINISTRY MARKET (START 3/2023)	0.0	Officer	$0	$35,511	$705,557
N/A	PHYSICIAN	50.0	Highest	$604,368	$37,251	$641,619
N/A	PHYSICIAN	50.0	Highest	$701,647	$38,022	$739,669
N/A	REGISTERED NURSE	50.0	Highest	$707,318	$47,399	$754,717
N/A	PHYSICIAN	50.0	Highest	$605,266	$29,509	$634,775
N/A	PHYSICIAN	50.0	Highest	$610,334	$20,002	$630,336
N/A	FORMER KEY (END 12/2020)	0.0		$0	$15,119	$176,339
N/A	FORMER OFFICER (END 6/2022)	0.0		$0	$35,292	$491,082
N/A	FORMER OFFICER (END 6/2022)	0.0		$0	$31,498	$718,688

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	$431,088,036	$521,868,807	$283,155,592	$-90,780,771
2022	$494,103,290	$540,485,067	$333,792,921	$-46,381,777
2021	$519,081,040	$483,939,235	$387,611,990	$35,141,805
2020	$478,779,991	$459,888,326	$301,048,067	$18,891,665
2019	$492,644,988	$439,662,155	$307,469,980	$52,982,833
2018	$503,242,627	$454,390,730	$246,153,799	$48,851,897