Sacred Heart Health System Inc (EIN 590634434) - 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

1915

Legal Domicile

Phone

3147338000

Tax Period

2022-07-01 to 2023-06-30

Sacred Heart Health System Inc, founded in 1915, is a large national nonprofit in the Health Care sector that reported $1.5B in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

To improve the health and well-being of all people in the communities we serve.

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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 $9,566,517

Program Service Revenue $1,482,033,329

Investment Income $1,361,229

Other Revenue $10,828,733

TOTAL REVENUE $1,503,789,808

Expense Breakdown

Grants Paid $2,158,682

Salaries & Benefits $628,420,299

Fundraising Expenses $0

Program Expenses $1,202,990,326

Other Expenses $903,988,960

TOTAL EXPENSES $1,534,567,941

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,503,789,808	$1,360,315,767	+0.1%
Expenses	$1,534,567,941	$1,480,420,602	+0.0%
Net Income	$-30,778,133	$-120,104,835	-0.7%

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

8463

Volunteers

420

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

$3,409,674

Total Directors

$1,168,749

Key Employees

$4,441,496

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	VICE CHAIR	1.0	Officer Director	$0	$0	$0
N/A	EX-OFFICIO/COO, MINISTRY MARKET	0.0	Officer Director	$0	$53,328	$1,168,749
N/A	CHAIR	1.0	Officer Director	$0	$0	$0
N/A	SECRETARY/TREASURER	1.0	Officer Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	CEO, MINISTRY MARKET	0.0	Officer	$0	$53,045	$1,466,576
N/A	CFO, MINISTRY MARKET (START 3/2023)	0.0	Officer	$0	$0	$0
N/A	CFO, MINISTRY MARKET (END 11/2022)	0.0	Officer	$0	$32,530	$774,349
N/A	VP, NURSING, PANAMA CITY	50.0	Key Emp	$226,715	$43,295	$270,010
N/A	PRESIDENT, EMERALD COAST	50.0	Key Emp	$223,492	$14,957	$238,449
N/A	PRESIDENT, PENSACOLA	50.0	Key Emp	$660,930	$39,988	$700,918
N/A	CMO, SACRED HEART CHILDREN'S HOSPITAL	50.0	Key Emp	$408,350	$45,058	$453,408
N/A	CMO, ASCENSION MEDICAL GROUP	50.0	Key Emp	$398,652	$40,738	$439,390
N/A	VP, NURSING	50.0	Key Emp	$222,859	$34,292	$257,151
N/A	VP, NURSING, PENSACOLA	50.0	Key Emp	$249,184	$41,833	$291,017
N/A	CMO, RIVERSIDE	50.0	Key Emp	$443,952	$39,459	$483,411
N/A	CMO, PENSACOLA	50.0	Key Emp	$494,727	$38,512	$533,239
N/A	VP, OPERATIONS, PENSACOLA	50.0	Key Emp	$243,722	$41,074	$284,796
N/A	PRESIDENT, SACRED HEART CHILDREN'S HOSPITAL	50.0	Key Emp	$441,158	$48,549	$489,707
N/A	PHYSICIAN	50.0	Highest	$1,231,235	$33,579	$1,264,814
N/A	PHYSICIAN	50.0	Highest	$1,985,984	$44,478	$2,030,462
N/A	PHYSICIAN	50.0	Highest	$1,511,319	$44,600	$1,555,919
N/A	PHYSICIAN	50.0	Highest	$1,452,492	$43,874	$1,496,366
N/A	PHYSICIAN	50.0	Highest	$1,460,014	$37,054	$1,497,068
N/A	FORMER KEY EMPLOYEE (END 1/2017)	0.0		$0	$18,564	$1,188,971
N/A	FORMER KEY EMPLOYEE (END 12/2017)	0.0		$0	$42,375	$435,537
N/A	FORMER KEY EMPLOYEE (END 12/2021)	0.0		$385,588	$247	$385,835
N/A	FORMER OFFICER (END 6/2018)	50.0		$397,113	$30,855	$427,968
N/A	FORMER KEY EMPLOYEE (END 12/2017)	0.0		$0	$37,961	$568,089
N/A	FORMER KEY EMPLOYEE (END 12/2017)	50.0		$119,057	$32,184	$360,593
N/A	FORMER KEY EMPLOYEE (END 12/2018)	0.0		$0	$38,487	$510,523
N/A	FORMER OFFICER (END 6/2022)	0.0		$0	$55,955	$1,790,448

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	$1,503,789,808	$1,534,567,941	$919,916,793	$-30,778,133
2022	$1,360,315,767	$1,480,420,602	$964,492,274	$-120,104,835
2021	$1,257,370,903	$1,281,668,194	$1,002,208,569	$-24,297,291
2020	$1,123,169,632	$1,161,296,045	$851,181,032	$-38,126,413
2019	$983,460,263	$958,340,724	$736,020,512	$25,119,539
2018	$904,228,759	$899,621,298	$619,036,592	$4,607,461

Sacred Heart Health System Inc