STRAITH HOSPITAL FOR SPECIAL SURGERY (EIN 381455020) - 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

1952

Legal Domicile

Principal Officer

BRAD BESCOE

Phone

2483573360

Tax Period

2023-11-01 to 2024-10-31

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.

Mission

TO IMPROVE THE HEALTH STATUS OF OUR PATIENTS AND PROVIDE HIGH LEVELS OF SATISFACTION TO OUR PHYSICIANS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,315,885

Program Service Revenue $14,888,173

Investment Income $251,407

Other Revenue $0

TOTAL REVENUE $18,455,465

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,324,864

Fundraising Expenses $0

Program Expenses $10,560,226

Other Expenses $8,553,093

TOTAL EXPENSES $14,877,957

Year-over-Year Comparison

	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%

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

185

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

$471,378

Total Directors

$9,050

Key Employees

Highest Compensated

reported

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

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	$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

STRAITH HOSPITAL FOR SPECIAL SURGERY