ASCENSION PROVIDENCE

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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

1908

Legal Domicile

Phone

3147338000

Tax Period

2022-07-01 to 2023-06-30

ASCENSION PROVIDENCE, founded in 1908, is a major nonprofit in the Health Care sector that reported $320.1M in total revenue in fiscal year 2022.

Mission

Rooted in the loving ministry of Jesus as healer, we commit ourselves to serving all persons with special attention to those who are poor and vulnerable. Our Catholic health ministry is dedicated to spiritually-centered, holistic care which sustains and improves the health of individuals and communities. We are advocates for a compassionate and just society through our actions and our words.

Program Service Accomplishments

Program 1

Expenses: $240,160,002 Revenue: $305,171,307

THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO...

THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO THOSE WHO NEED IT THE MOST. Ascension Providence is a 280-bed hospital campus providing services without regard to patient race, creed, national origin, economic status, or ability to pay. During fiscal year 2023, Ascension Providence treated 14,117 adults and children for a total of 63,911 patient days of service. The hospital also provided services for 216,355 outpatient visits, which included 6,028 outpatient surgeries and 54,131 Emergency Room Visits. See Schedule H for a non-exhaustive list of community benefit programs and descriptions.

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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 $2,291,508

Program Service Revenue $305,023,881

Investment Income $10,535,242

Other Revenue $2,208,164

TOTAL REVENUE $320,058,795

Expense Breakdown

Grants Paid $922,158

Salaries & Benefits $115,811,540

Fundraising Expenses $0

Program Expenses $240,160,002

Other Expenses $206,171,654

TOTAL EXPENSES $322,905,352

Year-over-Year Comparison

	2022	2021	Change
Revenue	$320,058,795	$311,403,018	+0.0%
Expenses	$322,905,352	$306,591,845	+0.1%
Net Income	$-2,846,557	$4,811,173	-1.6%

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

1829

Volunteers

207

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

$4,025,337

Total Directors

$4,557,808

Key Employees

$1,207,860

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	ASST TREASURER/INTERIM CFO, MM (8/2022 - 10/2022)/CFO, MM (START 10/2022)	0.0	Officer Director	$0	$27,846	$488,948
N/A	CHAIR	1.0	Officer Director	$0	$0	$0
N/A	TREASURER	1.0	Officer Director	$0	$0	$0
N/A	SECRETARY	1.0	Officer Director	$0	$0	$0
N/A	ASSISTANT TREASURER/CFO, MINISTRY MARKET (END 8/2022)	0.0	Officer Director	$0	$50,530	$938,250
N/A	EX-OFFICIO/CEO, MINISTRY MARKET	0.0	Officer Director	$0	$58,245	$1,946,438
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	EX-OFFICIO/COO (END 2/2023)	0.0	Director	$0	$39,726	$1,184,172
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	PRESIDENT	50.0	Officer	$615,723	$35,978	$651,701
N/A	CHIEF MEDICAL OFFICER	50.0	Key Emp	$467,662	$48,204	$515,866
N/A	CHIEF NURSING OFFICER (END 7/2022)	50.0	Key Emp	$167,254	$18,986	$186,240
N/A	VICE PRESIDENT, PROVIDENCE	50.0	Key Emp	$457,103	$48,651	$505,754
N/A	REGISTERED NURSE (END 12/2022)	50.0	Highest	$193,389	$0	$193,389
N/A	REGISTERED NURSE (END 10/2022)	50.0	Highest	$193,759	$0	$193,759
N/A	DIRECTOR, PHARMACY	50.0	Highest	$199,424	$38,838	$238,262
N/A	REGISTERED NURSE (END 7/2022)	50.0	Highest	$201,122	$0	$201,122
N/A	PHARMACIST	50.0	Highest	$277,296	$28,224	$305,520
N/A	FORMER KEY EMPLOYEE (END 12/2017)	50.0		$152,562	$37,373	$189,935

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	$320,058,795	$322,905,352	$183,794,918	$-2,846,557
2022	$311,403,018	$306,591,845	$186,671,446	$4,811,173
2021	$310,806,925	$272,903,132	$174,226,434	$37,903,793
2020	$263,931,029	$249,653,046	$160,135,554	$14,277,983
2019	$277,036,342	$230,249,714	$183,417,200	$46,786,628