EDWARD W SPARROW HOSPITAL (EIN 381360584) - 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

1896

Legal Domicile

Principal Officer

MARGARET DIMOND PHD

Phone

5173641000

Tax Period

2023-01-01 to 2023-06-30

EDWARD W SPARROW HOSPITAL, founded in 1896, is a major nonprofit in the Health Care sector that reported $524.3M in total revenue in fiscal year 2022. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $605.0M exceeded revenue, resulting in a 15% operating deficit.

Mission

IMPROVING THE HEALTH OF THE PEOPLE IN OUR COMMUNITIES BY PROVIDING QUALITY, COMPASSIONATE CARE TO EVERYONE, EVERY TIME.

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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 $5,573,161

Program Service Revenue $502,334,462

Investment Income $1,708,462

Other Revenue $14,693,963

TOTAL REVENUE $524,310,048

Expense Breakdown

Grants Paid $0

Salaries & Benefits $360,733,057

Fundraising Expenses $0

Program Expenses $519,201,415

Other Expenses $244,265,557

TOTAL EXPENSES $604,998,614

Year-over-Year Comparison

	2022	2021	Change
Revenue	$524,310,048	$1,031,480,285	-0.5%
Expenses	$604,998,614	$1,145,600,461	-0.5%
Net Income	$-80,688,566	$-114,120,176	-0.3%

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

800

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY HODGE DO	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
PATRICIA BARNAS	BRD MMBR/VIC	2.00	Officer Director	$0	$0	$0
BRITTANY BOGAN	BOARD MMBR/S	2.00	Officer Director	$0	$0	$0
WILLIAM HOWE	VP FINANCE/C	40.00	Officer Director	$0	$0	$0
DENNY MARTIN	PRESIDENT	40.00	Officer Director	$0	$0	$0
EDYTHE COPELAND	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES CROOM	BOARD MEMBER	2.00	Director	$0	$0	$0
MYRON FREEMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
MAUDE GUERIN MD	BOARD MEMBER	2.00	Director	$0	$0	$0
JEANETTE KLEMCZAK	BOARD MEMBER	2.00	Director	$0	$0	$0
RUBEN MARTINEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
CORY O'BRIEN	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID THOMAS	BOARD MEMBER	2.00	Director	$0	$0	$0
LAKEEYA TUCKER	BOARD MEMBER	2.00	Director	$0	$0	$0
DEBORAH ALLEN	BOARD MEMBER	2.00	Director	$0	$0	$0
MARGARET DIMOND PHD	REGIONAL PRE	40.00	Officer Director	$0	$0	$0
AMY BROWN	CHIEF NURSIN	40.00	Officer	$0	$0	$0
JAMES DOVER	PRESIDENT/CE	N/A	Officer	$0	$0	$0
THEODORE GLYNN	VP MED EDUCA	40.00	Officer	$0	$0	$0
THOMAS OSTRANDER	VP PROFESSIO	40.00	Officer	$0	$0	$0
MICHAEL ZAROUKIAN	VP & CHIEF M	40.00	Officer	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$524,310,048	$604,998,614	$1,332,758,056	$-80,688,566
2022	$1,031,480,285	$1,145,600,461	$1,418,560,977	$-114,120,176
2022	$1,031,480,285	$1,145,600,461	$1,418,560,977	$-114,120,176
2021	$1,124,443,458	$1,116,593,182	$1,648,951,609	$7,850,276
2020	$1,007,119,919	$1,007,425,092	$1,639,507,874	$-305,173
2019	$1,000,419,453	$979,871,722	$1,474,682,154	$20,547,731
2018	$977,341,788	$940,021,737	$1,397,412,409	$37,320,051

EDWARD W SPARROW HOSPITAL