Saint Lukes South Hospital Inc

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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

1998

Legal Domicile

Phone

9133177900

Tax Period

2023-01-01 to 2023-12-31

Saint Lukes South Hospital Inc, founded in 1998, is a major nonprofit in the Health Care sector that reported $244.2M in total revenue in fiscal year 2023. Expenses of $271.7M exceeded revenue, resulting in a 11% operating deficit.

Mission

SAINT LUKE'S SOUTH IS A FAITH BASED NOT-FOR-PROFIT COMMUNITY HOSPITAL COMMITTED TO THE HIGHEST LEVELS OF EXCELLENCE IN PROVIDING HEALTH RELATED SERVICES TO OUR PATIENTS IN A CARING ENVIRONMENT. AS A MEMBER OF SAINT LUKE'S HEALTH SYSTEM, WE ARE COMMITTED TO ENHANCING THE PHYSICAL, MENTAL AND SPIRITUAL HEALTH OF THE COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $241,344,349 Revenue: $241,318,706

SAINT LUKE'S SOUTH HOSPITAL (SLS) IS A FAITH-BASED, NOT-FOR-PROFIT, COMMUNITY HOSPITAL CURRENTLY LICENSED TO OPERATE 187 BEDS AND IS DEDICATED TO PROVIDING BOTH SERVICES AND LEADERSHIP IN CARING FOR ITS COMMUNITY. ALL PROGRAM SERVICE EXPENSES WERE INCURRED IN FURTHERANCE OF OUR MISSION, WHICH IS TO ENSURE THE HIGHEST LEVELS OF EXCELLENCE IN PROVIDING HEALTH RELATED SERVICES TO OUR PATIENTS IN A CARING ENVIRONMENT AND ENHANCING THE PHYSICAL, MENTAL AND SPIRITUAL HEALTH OF THE COMMUNITIES WE SERVE. IN 2023, THERE WERE 38,900 PATIENT DAYS. IN ADDITION, THE HOSPITAL PROVIDED 56,800 EMERGENCY ROOM VISITS AND 82,100 OUTPATIENT VISITS AND OUTPATIENT SURGERIES. EMERGENCY SERVICES ARE PROVIDED 24 HOURS A DAY, 7 DAYS A WEEK AND ARE STAFFED BY BOARD-CERTIFIED EMERGENCY PHYSICIANS. THE HOSPITAL PARTICIPATES IN THE MEDICAID AND MEDICARE PROGRAMS AND HAS FINANCIAL ASSISTANCE POLICIES FOR PEOPLE WITHOUT ADEQUATE MEANS TO PAY FOR THEIR CARE.

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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 $742,603

Program Service Revenue $243,277,195

Investment Income $216,707

Other Revenue $0

TOTAL REVENUE $244,236,505

Expense Breakdown

Grants Paid $34,299,647

Salaries & Benefits $86,958,997

Fundraising Expenses $0

Program Expenses $241,344,349

Other Expenses $150,475,230

TOTAL EXPENSES $271,733,874

Year-over-Year Comparison

	2023	2022	Change
Revenue	$244,236,505	$242,510,483	+0.0%
Expenses	$271,733,874	$260,210,288	+0.0%
Net Income	$-27,497,369	$-17,699,805	+0.6%

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

1345

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

$3,691,706

Total Directors

$2,386,031

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	BOARD MEMBER-VICE CHAIR	2.0	Officer Director	$0	$0	$0
N/A	Chief Executive Officer & BOARD MEMBER	24.0	Officer Director	$979,239	$127,573	$1,106,812
N/A	BOARD MEMBER-CHAIR	2.0	Officer Director	$0	$0	$0
N/A	BOARD MEMBER-SECR/TREAS	2.0	Officer Director	$0	$45,923	$598,945
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$50,004	$680,274
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	VP OPERATIONS	50.0	Officer	$332,177	$87,778	$419,955
N/A	Chief Nursing Officer	25.0	Officer	$371,645	$78,724	$450,369
N/A	Chief Financial Officer	25.0	Officer	$0	$91,038	$539,862
N/A	VP-MEDICAL AFFAIRS	4.0	Officer	$0	$39,777	$575,763
N/A	Registered Nurse	40.0	Highest	$254,760	$30,670	$285,430
N/A	DIRECTOR PHARMACY	40.0	Highest	$187,485	$40,910	$228,395
N/A	Registered Nurse	40.0	Highest	$242,041	$22,398	$264,439
N/A	Registered Nurse	40.0	Highest	$203,302	$45,042	$286,232
N/A	Registered Nurse	40.0	Highest	$189,478	$41,754	$231,232
N/A	FORMER Chief Financial Officer TERM END 12/2018	0.0		$0	$92,888	$525,599
N/A	FORMER VP-OPERATIONS TERM END 7/2021	0.0		$0	$88,333	$492,361

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
2023	$244,236,505	$271,733,874	$184,222,515	$-27,497,369
2022	$242,510,483	$260,210,288	$217,302,196	$-17,699,805
2021	$255,717,161	$255,660,222	$263,963,722	$56,939
2020	$238,268,077	$250,822,386	$260,699,689	$-12,554,309
2019	$193,656,993	$201,329,584	$255,644,471	$-7,672,591
2018	$154,548,097	$145,638,410	$176,604,130	$8,909,687