Shore Health System Inc (EIN 520610538) - 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

1906

Legal Domicile

Phone

4108221000

Tax Period

2023-07-01 to 2024-06-30

Shore Health System Inc, founded in 1906, is a major nonprofit in the Health Care sector that reported $306.1M in total revenue in fiscal year 2023. Expenses of $291.2M left a modest 5% surplus.

Mission

SHORE HEALTH SYSTEM (SHS) IS A REGIONAL, NOT-FOR-PROFIT NETWORK OF INPATIENT AND OUTPATIENT SERVICES WITH FACILITIES IN TALBOT, DORCHESTER, CAROLINE, AND QUEEN ANNE'S COUNTIES.

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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 $6,054,658

Program Service Revenue $296,933,146

Investment Income $4,822,269

Other Revenue $-1,744,236

TOTAL REVENUE $306,065,837

Expense Breakdown

Grants Paid $550,000

Salaries & Benefits $114,885,642

Fundraising Expenses $0

Program Expenses $233,542,855

Other Expenses $175,729,882

TOTAL EXPENSES $291,165,524

Year-over-Year Comparison

	2023	2022	Change
Revenue	$306,065,837	$298,894,266	+0.0%
Expenses	$291,165,524	$278,861,142	+0.0%
Net Income	$14,900,313	$20,033,124	-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

1686

Volunteers

128

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

$1,639,742

Total Directors

$6,529,552

Key Employees

$1,349,496

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles Capute	Chairman	1.0	Officer Director	$0	$0	$0
Kathy Deoudes	Vice Chairman	1.0	Officer Director	$0	$0	$0
Art Cecil III	Director	1.0	Director	$0	$0	$0
Catherine Burton	Director	1.0	Director	$0	$0	$0
Chris Parry DO	Director	1.0	Director	$0	$32,935	$296,450
Eugene Newmier DO	Director	1.0	Director	$0	$0	$0
Garrett Falcone	Director	1.0	Director	$0	$0	$0
J Wayne Howard	Director	1.0	Director	$0	$0	$0
Jane Wang	Director	1.0	Director	$0	$0	$0
John W Ashworth III	Director	1.0	Director	$0	$0	$0
JOSEPH E HOFFMAN III	Director	1.0	Director	$0	$8,544	$534,864
Keith McMahan	Director	1.0	Director	$0	$0	$0
Kenny Kreiser	Director	1.0	Director	$0	$0	$0
KIM R HERMAN MD	Director	1.0	Director	$0	$23,897	$435,104
Kristin Jones-Bryce	Director	1.0	Director	$0	$46,054	$559,216
Marlene Feldman	Director	1.0	Director	$0	$0	$0
Mohan Suntha MD	Director	1.0	Director	$0	$44,934	$3,713,974
Robert Roth	Director (Ended 04/24)	1.0	Director	$0	$0	$0
Stephen Satchell	Director	1.0	Director	$0	$0	$0
Thomas Stauch MD	Director	1.0	Director	$0	$13,605	$989,944
Tom Seip	Director	1.0	Director	$0	$0	$0
Valerie Overton	Director	1.0	Director	$0	$0	$0
Wayne T Hockmeyer PhD	Director	1.0	Director	$0	$0	$0
JoAnne R Hahey	SVP Finance (end 11/2023)	40.0	Officer	$388,047	$35,039	$423,086
Kenneth D Kozel	President and CEO	40.0	Officer	$693,043	$28,416	$721,459
Paul S Nicholson	SVP, Finance	1.0	Officer	$44,193	$43,039	$495,197
Jennifer Boettinger	VP Patient Care and CNO	40.0	Key Emp	$311,216	$51,884	$363,100
Lu Ann Brady	SVP Chief Operating Officer	40.0	Key Emp	$378,777	$54,899	$433,676
William E Huffner MD	SVP and CMO	40.0	Key Emp	$523,974	$28,746	$552,720
Arvinjit Singh	VP Strategy and Communications	40.0	Highest	$267,154	$52,865	$320,019
Dennis S Welsh	VP Rural Healthcare Transformation	40.0	Highest	$250,990	$34,700	$285,690
Diane R Murphy	Chief Quality Officer	40.0	Highest	$352,352	$10,351	$362,703
Rebecca Bair	VP Philanthropy	40.0	Highest	$121,952	$12,580	$134,532
Sherri Hobbs	Patient Safety Director	40.0	Highest	$296,480	$43,963	$340,443

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	$306,065,837	$291,165,524	$567,934,546	$14,900,313
2023	$298,894,266	$278,861,142	$567,528,326	$20,033,124
2022	$313,920,138	$252,589,752	$620,349,756	$61,330,386
2021	$292,979,437	$236,843,180	$627,298,140	$56,136,257
2020	$280,241,666	$235,362,108	$507,390,749	$44,879,558
2019	$276,273,222	$238,638,945	$435,584,296	$37,634,277
2018	$268,587,354	$235,845,024	$416,494,387	$32,742,330

Shore Health System Inc