HOLY CROSS HEALTH INC (EIN 520738041) - 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

1959

Legal Domicile

Principal Officer

ANDRE BOYD

Phone

3017547000

Tax Period

2023-07-01 to 2024-06-30

HOLY CROSS HEALTH INC, founded in 1959, is a major nonprofit that reported $709.0M in total revenue in fiscal year 2023. Expenses of $679.4M left a modest 4% surplus.

Mission

TO PROVIDE HEALTH CARE AND HOSPITAL SERVICES

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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 $1,461,194

Program Service Revenue $681,788,365

Investment Income $16,726,697

Other Revenue $8,996,636

TOTAL REVENUE $708,972,892

Expense Breakdown

Grants Paid $382,880

Salaries & Benefits $364,305,550

Fundraising Expenses $0

Program Expenses $595,479,447

Other Expenses $314,709,677

TOTAL EXPENSES $679,398,107

Year-over-Year Comparison

	2023	2022	Change
Revenue	$708,972,892	$681,585,216	+0.0%
Expenses	$679,398,107	$695,838,766	0.0%
Net Income	$29,574,785	$-14,253,550	-3.1%

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

4883

Volunteers

424

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

$3,492,608

Total Directors

$1,928,955

Key Employees

$1,065,914

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NORVELL COOTS MD	DIRECTOR; PRESIDENT & CEO THR 1/24	54.00	Officer Director	$0	$34,961	$790,694
LOUIS DAMIANO MD	PRESIDENT OF HCH & HCGH	55.00	Officer	$0	$54,363	$757,121
ELIZABETH SIMPSON	ASST SECY THR 12/23;VP MANAGING CNSL	49.00	Officer	$0	$311,502	$708,549
TINA WEATHERWAX-GRANT	DIR; TH SVP PUBLIC POLICY & ADVOCACY	1.00	Director	$0	$147,229	$686,657
RINY KARRAS MD	THORACIC SURGEON	50.00	Highest	$608,821	$22,209	$631,030
ASANTE DICKSON MD	MEDICAL DIRECTOR - RADIOLOGY	50.00	Highest	$596,394	$16,596	$612,990
GRIFFIN DAVIS MD	CHIEF CLINICAL OFFICER	50.00	Key Emp	$0	$56,805	$579,885
ANNE GILLIS	ASSISTANT TREASURER & CFO THR 8/23	50.00	Officer	$0	$231,890	$558,082
ANNICE CODY	PRESIDENT HOLY CROSS HEALTH NETWORK	50.00	Key Emp	$0	$58,326	$486,029
STEVEN FOWLER	VP - MISSION STRATEGY PARTNER	50.00	Highest	$0	$75,700	$454,713
DAWN WALTON MD	HC GERMANTOWN VP MED AFFAIRS TO 3/24	50.00	Highest	$425,401	$16,827	$442,228
RHONIQUE SHIELDS MD	HCH NETWORK VP MEDICAL AFFAIRS	50.00	Highest	$400,151	$37,116	$437,267
DOUG RYDER	FORMER OFFICER	0.00		$0	$7,482	$436,141
JULIE KEESE	ASST TREA AS OF 1/24; VP AND CFO	49.00	Officer	$222,244	$42,759	$342,697
DOUG STRONG	DIR, INTERIM PRES & CEO AS OF 1/24	54.00	Officer Director	$0	$10,038	$284,484
LARRY WARREN	TRINITY DIR THR 12/23; DIR AT 1/24	1.00	Director	$0	$0	$90,000
DOUGLAS MURPHY MD	DIR THR 12/23, ON CALL PHYSICIAN	5.00	Director	$77,120	$0	$77,120
TEGAN HICKS	ASST SECY AS OF 1/24; ASSOCIATE CNSL	50.00	Officer	$0	$2,143	$50,981
AJAY GUPTA	DIRECTOR; CHAIR	1.00	Officer Director	$0	$0	$0
CARMEN LARSEN	DIRECTOR; TREASURER	1.00	Officer Director	$0	$0	$0
ELSBETH MULVANEY CSC	DIRECTOR; VICE CHAIR	1.00	Officer Director	$0	$0	$0
SHARLET WAGNER CSC	DIRECTOR; SECRETARY AS OF 1/24	1.00	Officer Director	$0	$0	$0
UMA AHLUWALIA	DIRECTOR	1.00	Director	$0	$0	$0
ROSE BLACKBURNE MD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ANTHONY HILL	DIRECTOR	1.00	Director	$0	$0	$0
MARGARETIA JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA KWEDER MD	DIRECTOR AS OF 1/24	1.00	Director	$0	$0	$0
ROBIN MADDEN MD	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE MASIKY	DIRECTOR AS OF 1/24	1.00	Director	$0	$0	$0
MARC POTASH	DIRECTOR THROUGH 12/23	1.00	Director	$0	$0	$0
ERIC SCHOOMAKER MD	DIRECTOR THROUGH 12/23	1.00	Director	$0	$0	$0
JACQUELINE WATSON DO	DIRECTOR	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	$708,972,892	$679,398,107	$1,124,982,797	$29,574,785
2023	$681,585,216	$695,838,766	$1,084,380,152	$-14,253,550
2022	$697,211,021	$685,136,605	$1,062,516,102	$12,074,416
2021	$701,172,860	$622,457,470	$1,151,918,907	$78,715,390
2020	$628,720,499	$580,260,596	$1,036,467,989	$48,459,903
2019	$605,061,123	$572,082,256	$923,534,099	$32,978,867
2018	$586,387,387	$548,570,479	$903,821,361	$37,816,908

HOLY CROSS HEALTH INC