Atlantic Health System Inc Group Return (EIN 651301877) - 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

1996

Legal Domicile

Principal Officer

Michael Walter

Phone

9736603100

Tax Period

2023-01-01 to 2023-12-31

Atlantic Health System Inc Group Return, founded in 1996, is a large national nonprofit that reported $4.2B in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $4.0B left a modest 5% surplus.

Mission

Refer to Schedule O Designing and delivering high quality, innovative and personalized health care, to build healthier communities and improve lives for patients, consumers, and caregivers.

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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 $122,508,809

Program Service Revenue $4,018,853,750

Investment Income $70,634,864

Other Revenue $26,575,531

TOTAL REVENUE $4,238,572,954

Expense Breakdown

Grants Paid $1,266,526

Salaries & Benefits $2,245,822,557

Fundraising Expenses $3,430,879

Program Expenses $3,359,944,993

Other Expenses $1,767,762,441

TOTAL EXPENSES $4,014,851,524

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,238,572,954	$3,872,357,033	+0.1%
Expenses	$4,014,851,524	$3,678,533,824	+0.1%
Net Income	$223,721,430	$193,823,209	+0.2%

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

23126

Volunteers

1257

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

$38,010,339

Total Directors

$32,849,152

Key Employees

$7,593,574

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Samantha Pozner MD	Trustee-AHS	2.00	Director	$96,155	$0	$96,155
Albert Ritter MD	Trustee-Atlantic Ambulance	2.00	Director	$0	$0	$0
Dennis Wilson	Trustee-AHS	2.00	Director	$0	$0	$0
Jeanine Liburd	Trustee-AHS	2.00	Director	$0	$0	$0
Brian Gragnolati	President & CEO	55.00	Officer Director	$8,373,068	$1,137,448	$9,510,516
Christopher R Reidy	Trustee-AHS	2.00	Director	$0	$0	$0
David Ferguson AA Director	Trustee-Atlantic Ambulance	55.00	Director	$351,340	$34,080	$385,420
Arthur Orduna	Trustee-AHS	2.00	Director	$0	$0	$0
Domenick Randazzo MD	PAMG-Trustee	55.00	Director	$572,245	$33,775	$606,020
Grant Parr MD	Trustee-AHS	2.00	Director	$0	$0	$0
Finn Wentworth	Trustee-AHS	2.00	Director	$0	$0	$0
John Calicchio MD	PAMG-Trustee	55.00	Director	$334,600	$31,706	$366,306
John F Vigorita MD	Trustee-AHS	2.00	Director	$0	$0	$0
David Peterson	Trustee-Atlantic Ambulance	2.00	Director	$200,775	$32,305	$233,080
Katharine Driebe	VP of Finance	55.00	Officer Director	$787,518	$119,910	$907,428
Kevin Lenahan	EVP,Chief Bus & Strategy	55.00	Officer Director	$6,754,515	$406,954	$7,161,469
Laura A Kelly	Trustee-AHS Vice Chair	2.00	Officer Director	$0	$0	$0
Navpreet Minhas MD	PAMG-TTE Vice Chair	55.00	Officer Director	$416,910	$30,375	$447,285
Peter Bolo MD	PAMG-Trustee	55.00	Director	$508,257	$50,000	$558,257
Jeanine Bulan MD	PAMG-Trustee	55.00	Director	$399,767	$33,328	$433,095
Richard W Herbst	Trustee-AHS	2.00	Director	$0	$0	$0
Robert E McCracken	Trustee-AHS Chairman	2.00	Officer Director	$0	$0	$0
Sean Nicholson	Trustee-AHS	2.00	Director	$0	$0	$0
Seth Stoller MD	PAMG-Trustee	55.00	Director	$612,663	$29,980	$642,643
Sheilah O'Halloran	EVP,General Counsel	55.00	Officer Director	$1,616,347	$272,919	$1,889,266
Steven Sheris MD	EVP,Chief Phy Exec	55.00	Officer Director	$1,817,270	$282,400	$2,099,670
Shai Gavi MD	PAMG-Trustee	55.00	Director	$474,887	$29,446	$504,333
Theresa Giannattasio DO	PAMG-Trustee	55.00	Director	$210,251	$19,525	$229,776
Christina Johnson MD	PAMG-Trustee	55.00	Director	$470,798	$21,277	$492,075
Jessica Petilla-Onorato MD	PAMG-Trustee	55.00	Director	$373,041	$25,286	$398,327
Jason Smith MD	PAMG-Trustee	55.00	Director	$994,359	$29,427	$1,023,786
Lee Starker MD	PAMG-Trustee	55.00	Director	$1,362,459	$29,365	$1,391,824
Anthony Frisoli MD	PAMG-Trustee	55.00	Director	$287,154	$4,596	$291,750
Charles Reid III	Trustee-VNASH Organization	2.00	Director	$0	$0	$0
Scott Leighty	EVP,Chief Health Sy Officer	55.00	Officer Director	$1,464,724	$236,487	$1,701,211
Michael Walter	SVP,Chief Financial Office	55.00	Officer Director	$971,184	$137,577	$1,108,761
Robert Pedowitz DO	PAMG-Trustee	55.00	Director	$336,671	$34,028	$370,699
Justice Jaynee LaVecchia	Trustee-AHS	2.00	Director	$0	$0	$0
Mai Pham MD	Trustee-AHS	2.00	Director	$0	$0	$0
Michael Ranger	Trustee-AHS	2.00	Director	$0	$0	$0
Christopher Herzog	PAMG,VP & COO	55.00	Officer	$736,807	$95,317	$832,124
Christopher Zipp MD	PAMG-Physician	55.00	Officer	$608,497	$41,303	$649,800
Frederico Cerrone MD	PAMG-Chair	55.00	Officer	$759,425	$26,446	$785,871
Nichell Sumpter	EVP,Chief Admin Officer	55.00	Officer	$1,570,206	$243,678	$1,813,884
Patricia O'Keefe	SVP,Pres MMC	55.00	Officer	$1,781,450	$250,125	$2,031,575
Robert Adams Jr	SVP,Pres West Region	55.00	Officer	$1,088,433	$146,989	$1,235,422
Stephanie Schwartz	SVP,Pres OMC	55.00	Officer	$1,345,679	$179,808	$1,525,487
Suja Mathew	EVP,Chief Clinical Officer	55.00	Officer	$1,364,036	$223,531	$1,587,567
Maureen Schneider	SVP,Pres CMC	55.00	Officer	$949,148	$121,265	$1,070,413
Sunil Dadlani	EVP,Chief-Inf/Dig Trans Of	55.00	Officer	$1,414,223	$238,367	$1,652,590
Eric Whitman MD	Physician	55.00	Key Emp	$1,070,539	$50,002	$1,120,541
James Wittig MD	Physician-Chair	55.00	Key Emp	$3,829,922	$19,886	$3,849,808
Rolando Rolandelli MD	Chairman-Dep of Surgery	55.00	Key Emp	$1,002,452	$50,002	$1,052,454
Madeline Ferraro	VP,Gov't and Public Affair	55.00	Key Emp	$1,459,004	$111,767	$1,570,771
Jeffrey Leary	Physician	55.00	Highest	$1,408,581	$28,357	$1,436,938
Mark Widmann	Physician	55.00	Highest	$1,674,383	$29,553	$1,703,936
Philippe Genereux MD	Physician	55.00	Highest	$1,621,621	$32,553	$1,654,174
Tom Thomas	Physician	55.00	Highest	$1,736,207	$30,842	$1,767,049
Sean Calhoun	Physician	55.00	Highest	$1,629,424	$30,054	$1,659,478

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
2024	No data	No data	No data	No data
2023	$4,238,572,954	$4,014,851,524	$6,064,671,986	$223,721,430
2022	$3,872,357,033	$3,678,533,824	$5,605,741,294	$193,823,209
2021	$3,748,525,032	$3,321,740,050	$6,054,115,074	$426,784,982
2020	$3,254,347,552	$3,049,595,629	$5,017,677,177	$204,751,923
2019	$3,192,117,132	$2,959,697,935	$4,156,051,315	$232,419,197
2018	$2,911,013,164	$2,780,694,736	$3,432,959,938	$130,318,428

Atlantic Health System Inc Group Return