NOTRE DAME HEALTH SYSTEM (EIN 720786847) - 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

1975

Legal Domicile

Principal Officer

SHERRI GUIDRY

Phone

5042273600

Tax Period

2021-07-01 to 2022-06-30

NOTRE DAME HEALTH SYSTEM, founded in 1975, is a mid-sized nonprofit in the Health Care sector that reported $54.8M in total revenue in fiscal year 2021. Expenses of $76.4M exceeded revenue, resulting in a 39% operating deficit.

Mission

AS A MINISTRY OF THE ARCHDIOCESE OF NEW ORLEANS,STEEPED IN RICH,(CONTINUED ON SCHEDULE O) CATHOLIC-BASED TRADITION, NOTRE DAME HEALTH SYSTEM ENCOMPASSES A SPECTRUM OF HEALTHCARE SERVICES INCLUDING HOME CARE, INDEPENDENT CARE, ASSISTED LIVING, SKILLED NURSING AND REHABILITATION, MEMORY CARE, HOME HEALTH AND HOSPICE CARE. OUR SERVICES ARE CAREFULLY TAILORED TO PROMOTE HEALTH OF INDIVIDUALS NAVIGATING THE COURSE OF LIFE'S JOURNEY, OFFERING IN-HOME CARE AND THREE RESIDENTIAL COMMUNITIES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $8,126,404

Program Service Revenue $46,285,134

Investment Income $127,444

Other Revenue $301,271

TOTAL REVENUE $54,840,253

Expense Breakdown

Grants Paid $13,085,787

Salaries & Benefits $27,873,344

Fundraising Expenses $0

Program Expenses $53,453,594

Other Expenses $35,442,646

TOTAL EXPENSES $76,401,777

Year-over-Year Comparison

	2021	2020	Change
Revenue	$54,840,253	$51,224,820	+0.1%
Expenses	$76,401,777	$62,270,730	+0.2%
Net Income	$-21,561,524	$-11,045,910	+1.0%

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

833

Volunteers

N/A

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

$668,135

Total Directors

$214,023

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JACK ANDONIE	CHAIR OF THE BOARD (THRU 3/21/2022)	1.00	Officer Director	$0	$0	$0
WILLIAM FINEGAN	DIRECTOR (THRU 4/30/2022)	1.00	Director	$0	$0	$0
KATHLEEN KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
TERRI NORTH	DIRECTOR (THRU 5/1/2022)	1.00	Director	$0	$0	$0
PAUL QUEYROUZE	DIRECTOR (THRU 2/1/2022)	1.00	Director	$0	$0	$0
STANTON SALATHE	DIRECTOR (THRU 2/1/2022)	1.00	Director	$0	$0	$0
LUIS R ARENCIBIAMD	DIRECTOR (THRU 4/30/22)	1.00	Director	$0	$0	$0
FERNANDO O RIVERA	DIRECTOR (EFFECTIVE 4/1/22)	1.00	Director	$0	$0	$0
JENNIFER STEEL RN	DIRECTOR (EFFECTIVE 6/21/21)	1.00	Director	$0	$0	$0
PETER QUIRK	DIRECTOR (THRU 4/30/2022)	1.00	Director	$0	$0	$0
AMY CHAFFIN	DIRECTOR (EFFECTIVE 5/01/2022)	1.00	Director	$0	$0	$0
JOAN COFFMAN	DIRECTOR (EFFECTIVE 5/1/22)	1.00	Director	$0	$0	$0
CHRISTOPHER COUNTISS	TREASURER (EFFECTIVE 4/1/22)	1.00	Officer Director	$0	$10,231	$94,625
ANGELA WILCOX	DIRECTOR (THROUGH 12/31/21)	1.00	Director	$0	$9,502	$119,398
JEFFREY R TULLY	CEO AND PRESIDENT	40.00	Officer	$257,733	$13,163	$270,896
RYAN A CARUSO	CFO (EFFECTIVE 5/1/22)	40.00	Officer	$132,932	$10,448	$143,380
SHERRI GUIDRY	COO (EFFECTIVE 5/1/22)	40.00	Officer	$147,980	$11,254	$159,234
JENNIFER M WINTERS	VP OF FINANCE	40.00	Highest	$119,235	$10,114	$129,349
JENNIFER A BROCK	NURSING ADMIN DIRECTOR	40.00	Highest	$127,777	$7,477	$135,254
DIONE P WOOD	NURSING ADMIN DIRECTOR	40.00	Highest	$125,416	$10,342	$135,758
DAWN VERRET	NURSING ADMIN DIRECTOR	40.00	Highest	$112,041	$3,000	$115,041
SHONDRA JACKSON	NURSING ADMIN DIRECTOR	40.00	Highest	$110,905	$10,819	$121,724

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
2022	$54,840,253	$76,401,777	$23,096,156	$-21,561,524
2022	$54,840,253	$76,401,777	$23,096,156	$-21,561,524
2021	$51,224,820	$62,270,730	$45,735,618	$-11,045,910
2020	$55,980,396	$58,116,352	$52,038,508	$-2,135,956
2018	$48,440,463	$48,739,972	$42,215,522	$-299,509

NOTRE DAME HEALTH SYSTEM