GOOD SAMARITAN HOSPITAL FOUNDATION

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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

2000

Legal Domicile

Principal Officer

JUSTIN LUNDBYE

Phone

6313763000

Tax Period

2024-01-01 to 2024-12-31

GOOD SAMARITAN HOSPITAL FOUNDATION, founded in 2000, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $1.8M, a strong 44% operating margin.

Mission

GOOD SAMARITAN HOSPITAL FOUNDATION IS A MEMBER OF CATHOLIC HEALTH. WE, AT CATHOLIC HEALTH, HUMBLY JOIN TOGETHER TO BRING CHRIST'S HEALING MISSION AND THE MISSION OF MERCY OF THE CATHOLIC CHURCH EXPRESSED IN CATHOLIC HEALTH CARE TO OUR COMMUNITIES. I-CARE VALUES INTEGRITY: WE ARE WHO WE SAY WE ARE AND ACT IN ACCORDANCE WITH THE SPLENDOR OF TRUTH OF OUR CATHOLIC MORAL TEACHING AND OUR CATHOLIC VALUES. COMPASSION: WE HAVE COMPASSION FOR OUR PATIENTS, SEE THE SUFFERING CHRIST IN THEM, STRIVE TO ALLEVIATE SUFFERING AND SERVE THE SPIRITUAL, PHYSICAL AND EMOTIONAL NEEDS OF OUR PATIENTS. ACCOUNTABILITY: WE TAKE RESPONSIBILITY FOR OUR ACTIONS AND THEIR CONSEQUENCES. RESPECT: WE HONOR THE SANCTITY OF LIFE AT EVERY STAGE OF LIFE AND THE DIGNITY OF EVERY PERSON, AND INCORPORATE ALL THE PRINCIPLES OF CATHOLIC SOCIAL TEACHING IN OUR RELATIONSHIPS AND ADVOCACY. EXCELLENCE: WE SEEK THE GLORY OF GOD IN THE COMPASSIONATE SERVICE OF OUR PATIENTS, AND WE STRIVE TO DO THE BEST THAT CAN BE DONE, WHATEVER OUR ROLE.

Program Service Accomplishments

Program 1

Expenses: $2,270,643 Revenue: $0

TO SOLICIT GRANTS AND CONTRIBUTIONS TO BE USED FOR AN ONGOING DEVELOPMENT PROGRAM WHICH WILL PROVIDE FUNDS EXCLUSIVELY FOR THE USE OF GOOD SAMARITAN UNIVERSITY HOSPITAL, A 437 BED MEDICAL CENTER...

TO SOLICIT GRANTS AND CONTRIBUTIONS TO BE USED FOR AN ONGOING DEVELOPMENT PROGRAM WHICH WILL PROVIDE FUNDS EXCLUSIVELY FOR THE USE OF GOOD SAMARITAN UNIVERSITY HOSPITAL, A 437 BED MEDICAL CENTER LOCATED ON THE SOUTH SHORE OF LONG ISLAND IN WEST ISLIP, NEW YORK. A PREMIER HEALTHCARE FACILITY, PROVIDING QUALITY AND COST EFFECTIVE HEALTH CARE SERVICES EXTENDING ACROSS THE CONTINUUM OF CARE TO ALL DISCIPLINES, BOTH FOR INPATIENTS AND OUTPATIENTS. IN 2024 THE MEDICAL CENTER PROVIDED INPATIENT SERVICES FOR 27,173 DISCHARGED INDIVIDUALS, MANAGED 87,145 EMERGENCY DEPARTMENT VISITS AND 53,159 CLINIC VISITS. THE MEDICAL CENTER PROVIDES CARE REGARDLESS OF THE INDIVIDUAL'S ABILITY TO PAY AND ALONG WITH COMMUNITY SERVICE AND CHARITABLE ACTIVITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,011,621

Program Service Revenue $0

Investment Income $297,619

Other Revenue $-122,475

TOTAL REVENUE $4,186,765

Expense Breakdown

Grants Paid $1,679,815

Salaries & Benefits $0

Fundraising Expenses $40,879

Program Expenses $2,270,643

Other Expenses $667,571

TOTAL EXPENSES $2,347,386

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,186,765	$4,605,260	-0.1%
Expenses	$2,347,386	$797,047	+1.9%
Net Income	$1,839,379	$3,808,213	-0.5%

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

N/A

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

$3,461,360

Total Directors

Key Employees

$521,323

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK MINICUS	EVP & CFO	50.0	Officer	$0	$707,333	$1,907,293
RUTH HENNESSEY	PRESIDENT/CAO	50.0	Officer	$0	$612,064	$1,554,067
JOHN VULLO	FORMER OFFICER	2.0		$0	$78,164	$1,105,265
MARGARET MAHER	SVP & CHIEF DEVELOPMENT OFFICE	50.0	Key Emp	$0	$27,773	$521,323
CHARLES FERRARO	CHAIRMAN	2.0	Officer Director	$0	$0	$0
KATHLEEN GIAMO	TRUSTEE	2.0	Director	$0	$0	$0
THOMAS MCATEER	TRUSTEE	2.0	Director	$0	$0	$0
EILEEN LA MENDOLA	TRUSTEE	2.0	Director	$0	$0	$0
MICHAEL VIRGILIO	TRUSTEE	2.0	Director	$0	$0	$0
SALVATORE CAPITANO	TRUSTEE	2.0	Director	$0	$0	$0

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	$4,186,765	$2,347,386	$15,044,045	$1,839,379
2023	$4,605,260	$797,047	$13,622,319	$3,808,213
2022	$1,849,366	$532,718	$9,486,100	$1,316,648
2021	$1,375,053	$567,166	$7,475,490	$807,887
2020	$891,192	$803,417	$7,022,664	$87,775
2019	$1,603,687	$567,290	$6,177,798	$1,036,397
2018	$1,386,126	$1,288,756	$5,498,435	$97,370