DUKE UNIVERSITY HEALTH SYSTEM INC (EIN 562070036) - 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

1998

Legal Domicile

Principal Officer

CRAIG T ALBANESE MD

Phone

9196841860

Tax Period

2022-07-01 to 2023-06-30

DUKE UNIVERSITY HEALTH SYSTEM INC, founded in 1998, is a large national nonprofit in the Health Care sector that reported $4.7B in total revenue in fiscal year 2022.

Mission

CRAIG T. ALBANESE, MD USED FIRST CLASS OR CHARTER TRAVEL SERVICES. SUCH TRAVEL WAS FOR BUSINESS PURPOSES AND NOT INCLUDED IN TAXABLE INCOME. BARBARA M GRIFFITH MD, KEITH STOVER, PRISCILLA RAMSEUR AND LEIGH BLEECKER RECEIVED A BENEFIT THAT WAS GROSSED UP TO COMPENSATE FOR WITHHOLDING OF TAXES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $17,395,022

Program Service Revenue $4,441,855,976

Investment Income $95,601,985

Other Revenue $117,981,685

TOTAL REVENUE $4,672,834,668

Expense Breakdown

Grants Paid $2,054,288

Salaries & Benefits $2,251,243,997

Fundraising Expenses $285,902

Program Expenses $3,842,016,118

Other Expenses $2,369,918,261

TOTAL EXPENSES $4,623,216,546

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,672,834,668	$4,600,505,996	+0.0%
Expenses	$4,623,216,546	$4,174,139,522	+0.1%
Net Income	$49,618,122	$426,366,474	-0.9%

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

26017

Volunteers

505

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

$9,370,418

Total Directors

$7,344,595

Key Employees

$3,471,651

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
A EUGENE WASHINGTON MD	DIRECTOR/PRESIDENT	33.00	Officer Director	$0	$51,351	$3,193,603
VINCENT E PRICE	DIRECTOR	3.00	Director	$0	$55,185	$1,806,377
MARY E KLOTMAN MD	DIRECTOR	11.00	Director	$0	$51,873	$1,287,454
ERIK PAULSON	DIRECTOR	1.00	Director	$0	$61,515	$517,519
LESLIE E BAINS	DIRECTOR	2.00	Director	$0	$0	$0
GAIL BELVETT MD DDS	DIRECTOR	4.00	Director	$990	$0	$990
DENISE BENNETT	DIRECTOR	2.00	Director	$0	$0	$0
GERALD HASSELL	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM HAWKINS	DIRECTOR	4.00	Director	$0	$0	$0
ROSEMARY JACKSON MD	DIRECTOR	1.00	Director	$0	$0	$0
FEDERICO MANON	DIRECTOR	1.00	Director	$0	$0	$0
CARMICHAEL S ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
NANCY M SCHLICHTING	DIRECTOR	2.00	Director	$0	$0	$0
LAURENE SPERLING	DIRECTOR	8.00	Director	$0	$0	$0
SUSAN M STALNECKER	DIRECTOR	4.00	Director	$0	$0	$0
MOIRA RYNN MD	DIRECTOR	2.00	Director	$0	$54,853	$538,652
G RICHARD WAGONER JR	DIRECTOR	1.00	Director	$0	$0	$0
JIM WHITEHURST	DIRECTOR	1.00	Director	$0	$0	$0
JOHN P MORDACH	SVP, CFO, PART YEAR TREASURER	40.00	Officer	$1,582,991	$66,153	$1,649,144
THOMAS A OWENS MD	EXECUTIVE VICE PRESIDENT, DUHS	61.00	Officer	$1,441,308	$50,390	$1,491,698
ROBERT N WILLIS	VP FINANCE/CONTROLLER/CAO/INTERIM TREASURER	50.00	Officer	$684,760	$53,493	$738,253
MONTE D BROWN MD	VP FOR ADMINISTRATION/SECRETARY	60.00	Officer	$781,615	$55,164	$836,779
CRAIG T ALBANESE MD	CEO	60.00	Officer	$1,407,490	$53,451	$1,460,941
KATHLEEN GALBRAITH	PART YEAR PRESIDENT, DUKE REGIONAL HOSPITAL	60.00	Key Emp	$619,168	$101,748	$720,916
MARY K MARTIN	CHIEF OPERATING OFFICER, DUH	40.00	Key Emp	$679,639	$66,153	$745,792
MARY ANN FUCHS	VP PATIENT CARE/CHIEF NURSING OFFICER	50.00	Key Emp	$625,223	$44,749	$669,972
BARBARA M GRIFFITH MD	PRESIDENT, DUKE RALEIGH HOSPITAL	40.00	Key Emp	$612,137	$62,567	$674,704
DEVDUTTA SANGVAI MD	PART YEAR PRESIDENT, DUKE REGIONAL HOSPITAL	40.00	Key Emp	$539,272	$112,431	$660,267
RICHARD PATRICK SHANNON	CHIEF QUALITY OFFICER	40.00	Highest	$991,774	$55,032	$1,046,806
JEFFREY M FERRANTI	SENIOR VP/CHIEF DIGITAL OFFICER	40.00	Highest	$1,047,207	$65,117	$1,241,510
KEITH STOVER	VP FINANCE/COO, PRMO	40.00	Highest	$715,086	$61,821	$776,907
RHONDA BRANDON	CHIEF HR OFFICER	50.00	Highest	$822,395	$64,332	$886,727
JOHN SMITH	VP FINANCE	40.00	Highest	$649,908	$50,745	$700,653
WILLIAM J FULKERSON MD	FORMER OFFICER	0.00		$0	$43,312	$1,806,975
LEIGH BLEECKER	FORMER KEY EMPLOYEE	65.00		$405,081	$49,609	$454,690

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	$4,672,834,668	$4,623,216,546	$7,958,888,279	$49,618,122
2022	$4,600,505,996	$4,174,139,522	$8,260,774,039	$426,366,474
2021	$4,625,468,343	$3,870,479,888	$8,635,026,358	$754,988,455
2021	$4,625,468,343	$3,870,479,888	$8,635,026,358	$754,988,455
2020	$3,853,766,160	$3,612,404,658	$7,016,316,692	$241,361,502
2019	$3,776,782,982	$3,346,676,742	$6,281,178,620	$430,106,240
2018	$3,576,450,926	$3,126,393,682	$5,904,321,303	$450,057,244

DUKE UNIVERSITY HEALTH SYSTEM INC