ST LUKE'S HOSPITAL OF DULUTH (EIN 410714079) - 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

1881

Legal Domicile

Principal Officer

NICHOLAS VAN DEELEN MD

Phone

2182495555

Tax Period

2023-01-01 to 2023-12-31

ST LUKE'S HOSPITAL OF DULUTH, founded in 1881, is a major nonprofit in the Health Care sector that reported $556.8M in total revenue in fiscal year 2023.

Mission

TO SERVE AS A LEADING HEALTHCARE PROVIDER OF QUALITY HEALTHCARE SERVICES IN OUR SURROUNDING REGION.

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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 $1,746,672

Program Service Revenue $542,081,059

Investment Income $10,538,103

Other Revenue $2,385,316

TOTAL REVENUE $556,751,150

Expense Breakdown

Grants Paid $563,441

Salaries & Benefits $315,523,670

Fundraising Expenses $0

Program Expenses $501,330,887

Other Expenses $253,850,453

TOTAL EXPENSES $569,937,564

Year-over-Year Comparison

	2023	2022	Change
Revenue	$556,751,150	$548,761,355	+0.0%
Expenses	$569,937,564	$542,922,416	+0.0%
Net Income	$-13,186,414	$5,838,939	-3.3%

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

3428

Volunteers

146

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

$2,663,007

Total Directors

$1,739,283

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN YOON MD	PHYSICIAN	40.00	Highest	$1,149,796	$25,525	$1,175,321
ERIC LOHN	CO-PRESIDENT/CEO & CFO	35.00	Officer	$1,026,111	$79,070	$1,105,181
MARY BOYLAN MD	PHYSICIAN	40.00	Highest	$1,037,374	$38,896	$1,076,270
NICHOLAS VAN DEELEN MD	CO-PRESIDENT/CEO & CMO	35.00	Officer	$990,213	$79,070	$1,069,283
ROBERT DAHLIN MD	PHYSICIAN	40.00	Highest	$963,714	$7,602	$971,316
JOHN STYLIARAS MD	PHYSICIAN	40.00	Highest	$894,545	$34,564	$929,109
ROBERT BEJNAROWICZ MD	PHYSICIAN	40.00	Highest	$904,011	$9,897	$913,908
ANDREA BENSON MD	BOARD MEMBER/CHIEF OF STAFF	40.00	Director	$654,122	$38,896	$693,018
AIMEE VANSTRAATEN MD	BOARD SECRETARY/PHYSICIAN	40.00	Officer Director	$453,772	$34,771	$488,543
MITCHELL CARDWELL DO	BOARD MEMBER/PHYSICIAN	40.00	Director	$364,555	$30,685	$395,240
NYASHA SPEARS MD BOARD	MEMBER/PHYSICIAN (THROUGH MAY 2023)	40.00	Director	$155,315	$7,167	$162,482
YVONNE PRETTNER SOLON	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
RENE SETTERGREN	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
KEVIN BEARDSLEY	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
PATRICK HEFFERNAN	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK HOGENSON	BOARD MEMBER (THROUGH MAY 2023)	1.00	Director	$0	$0	$0
AMANDA IMES	BOARD MEMBER (THROUGH MAY 2023)	1.00	Director	$0	$0	$0
HELENA JACKSON	BOARD MEMBER (AS OF JUNE 2023)	1.00	Director	$0	$0	$0
PAKOU LY	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT LYONS	BOARD MEMBER (AS OF JUNE 2023)	1.00	Director	$0	$0	$0
HERBERT MINKE	BOARD MEMBER (THROUGH MAY 2023)	1.00	Director	$0	$0	$0
BRIAN MURPHY	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK REVOIR	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNA SACKETTE-URNESS	BOARD MEMBER	1.00	Director	$0	$0	$0
JACK SEILER	BOARD MEMBER	1.00	Director	$0	$0	$0
PHIL STROM	BOARD MEMBER (THROUGH MAY 2023)	1.00	Director	$0	$0	$0
KIERA WILSON	BOARD MEMBER (AS OF JUNE 2023)	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$556,751,150	$569,937,564	$493,989,659	$-13,186,414
2022	$548,761,355	$542,922,416	$506,268,982	$5,838,939
2021	$537,764,798	$523,146,570	$424,508,169	$14,618,228
2020	$506,433,764	$494,917,089	$431,806,158	$11,516,675
2019	$521,629,304	$515,940,197	$365,911,818	$5,689,107
2018	$523,728,949	$490,168,390	$354,194,269	$33,560,559

ST LUKE'S HOSPITAL OF DULUTH