SOUTHFIELD, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)STRAITH HOSPITAL FOR SPECIAL SURGERY, founded in 1952, is a mid-sized nonprofit in the Health Care sector that reported $18.5M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.6M, a strong 19% operating margin.
TO IMPROVE THE HEALTH STATUS OF OUR PATIENTS AND PROVIDE HIGH LEVELS OF SATISFACTION TO OUR PHYSICIANS.
THE ORGANIZATION OPERATES A SHORT-TERM, ACUTE-CARE FACILITY OFFERING BOTH INPATIENT AND OUTPATIENT HEALTHCARE SERVICES. TOTAL PATIENTS FOR THE YEAR WERE 486 HOSPITALIZED INPATIENTS (3,398 DAYS OF...
THE ORGANIZATION OPERATES A SHORT-TERM, ACUTE-CARE FACILITY OFFERING BOTH INPATIENT AND OUTPATIENT HEALTHCARE SERVICES. TOTAL PATIENTS FOR THE YEAR WERE 486 HOSPITALIZED INPATIENTS (3,398 DAYS OF CARE) AND 2,788 SURGICAL OUTPATIENTS ALONG WITH 5,101 CLINIC VISITS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $18,455,465 | $15,673,187 | +0.2% |
| Expenses | $14,877,957 | $18,838,418 | -0.2% |
| Net Income | $3,577,508 | $-3,165,231 | -2.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RAY HUSBAND | TRUSTEE | 1.00 |
Director
|
$200 | $0 | $200 |
| ENRIQUE SABBAGH MD | TRUSTEE | 1.00 |
Director
|
$1,100 | $0 | $1,100 |
| WILLIAM M STRAITH | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| EDWARD S JEFFRIES MD | TREASURER | 1.00 |
Officer
Director
|
$1,200 | $0 | $1,200 |
| SUNNY SQUINDO | TRUSTEE | 1.00 |
Director
|
$1,150 | $0 | $1,150 |
| JAMES C STRAITH | CHAIRMAN | 1.00 |
Officer
Director
|
$1,200 | $0 | $1,200 |
| THOMAS W STRAITH PE | VICE CHAIRMAN | 1.00 |
Officer
Director
|
$1,200 | $0 | $1,200 |
| JUSTIN HORNBURG FSA | TRUSTEE | 1.00 |
Director
|
$1,200 | $0 | $1,200 |
| ALEXANDER LEBEDINSKI | TRUSTEE | 1.00 |
Director
|
$1,200 | $0 | $1,200 |
| BRIAN HUSBAND | TRUSTEE | 1.00 |
Director
|
$600 | $0 | $600 |
| BRADLEY BESCOE | PRESIDENT & CEO | 40.00 |
Officer
|
$250,000 | $11,240 | $261,240 |
| LAMIA ALFATLAWI | COO | 40.00 |
Officer
|
$200,000 | $6,538 | $206,538 |
| MICHAEL DRELLES | PHYSICIAN | 40.00 |
Highest
|
$823,629 | $0 | $823,629 |
| MICHAEL PEER | PHYSICIAN ASSISTANT | 40.00 |
Highest
|
$114,217 | $5,346 | $119,563 |
| MICHAEL FLEISCHMAN | PHYSICIAN | 40.00 |
Highest
|
$719,645 | $0 | $719,645 |
| MINA SEDAROUS | PHARMACIST | 40.00 |
Highest
|
$162,397 | $0 | $162,397 |
| STEPHANIE HALEY | QUALITY AND UTILIZATION COORDINATOR | 40.00 |
Highest
|
$121,407 | $575 | $121,982 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $18,455,465 | $14,877,957 | $18,885,087 | $3,577,508 |
| 2023 | $15,673,187 | $18,838,418 | $14,404,304 | $-3,165,231 |
| 2022 | $18,476,074 | $18,087,863 | $20,989,654 | $388,211 |
| 2021 | $15,872,438 | $16,602,999 | $21,266,065 | $-730,561 |
| 2020 | $12,573,917 | $14,562,030 | $22,252,376 | $-1,988,113 |
| 2019 | $17,408,547 | $16,185,479 | $18,694,373 | $1,223,068 |
| 2018 | $14,240,445 | $15,656,614 | $17,449,317 | $-1,416,169 |
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