MASSENA HOSPITAL INC

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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

2019

Legal Domicile

Principal Officer

DR RICHARD DAVIS

Phone

5859221595

Tax Period

2023-01-01 to 2023-12-31

MASSENA HOSPITAL INC, founded in 2019, is a mid-sized nonprofit in the Health Care sector that reported $59.0M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

MASSENA HOSPITAL'S MISSION IS TO PROVIDE QUALITY HEALTHCARE AND THE BEST PATIENT EXPERIENCE.

Program Service Accomplishments

Program 1

Expenses: $54,569,915 Revenue: $58,438,816

MASSENA HOSPITAL IS AN ACUTE CARE, 25-BED HOSPITAL PROVIDING INPATIENT MEDICAL, SURGICAL, DETOX AND PEDIATRIC SERVICES, IN ADDITION TO EMERGENCY CARE. NUTRITIONAL COUNSELING, RESPIRATORY CARE...

MASSENA HOSPITAL IS AN ACUTE CARE, 25-BED HOSPITAL PROVIDING INPATIENT MEDICAL, SURGICAL, DETOX AND PEDIATRIC SERVICES, IN ADDITION TO EMERGENCY CARE. NUTRITIONAL COUNSELING, RESPIRATORY CARE, PHYSICAL, AND SPEECH THERAPIES ARE ALSO OFFERED AT THE MAIN CAMPUS. NUMEROUS OUTREACH PRIMARY AND SPECIALTY CARE CENTERS OFFER THE COMMUNITY CARDIOLOGY, INFUSION, NEPHROLOGY, NEUROLOGY, OBSTETRICS/GYNECOLOGY, AND WOMEN'S HEALTH, PEDIATRICS, AND SURGICAL CARE. TOTAL ACUTE INPATIENT DISCHARGES FOR 2023 WERE 892. THERE WERE 12,148 EMERGENCY DEPARTMENT TREAT AND RELEASE PATIENTS, AND 551 HOSPITAL BASED OUTPATIENT SURGERIES.

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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 $419,210

Program Service Revenue $55,359,768

Investment Income $16,727

Other Revenue $3,193,681

TOTAL REVENUE $58,989,386

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,606,793

Fundraising Expenses $0

Program Expenses $54,569,915

Other Expenses $18,287,847

TOTAL EXPENSES $59,894,640

Year-over-Year Comparison

	2023	2022	Change
Revenue	$58,989,386	$54,210,797	+0.1%
Expenses	$59,894,640	$56,172,351	+0.1%
Net Income	$-905,254	$-1,961,554	-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

513

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

$9,166,496

Total Directors

$3,470,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORETTA PEREZ	CHAIR OF THE BOARD	1.00	Officer Director	$0	$0	$0
PAUL MORROW	DIRECTOR	1.00	Director	$0	$0	$0
G MICHAEL MARESCA MD	DIRECTOR	1.00	Director	$0	$0	$0
DAWN HEWLETT	DIRECTOR	1.00	Director	$0	$0	$0
DAVE LACLAIR	DIRECTOR	1.00	Director	$0	$0	$0
BEDROS BAKIRTZIAN MD	DIRECTOR	1.00	Director	$0	$0	$0
BETTY SMITH	ASSISTANT SECRETARY	40.00	Officer Director	$62,509	$1,191	$63,700
LENORE LEVINE	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
REAL FRENCHIE COUPAL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL COOK	DIRECTOR	1.00	Director	$0	$0	$0
KELLY CICCHINELLI	ASSISTANT TREASURER	0.00	Officer Director	$0	$7,785	$270,110
RICHARD DAVIS PHD	CEO	0.00	Officer Director	$0	$54,881	$3,137,090
HUGH THOMAS	CAO	0.00	Officer	$0	$9,101	$1,739,491
THOMAS CRILLY	CFO	0.00	Officer	$0	$154,601	$1,579,020
CHRISTIAN CASINI	ASSISTANT SECRETARY	0.00	Officer	$0	$34,153	$371,721
JENNIFER ESLINGER	COO	0.00	Officer	$0	$11,368	$1,305,382
DONNA MCGREGOR	PRESIDENT, SLH	0.00	Officer	$0	$10,525	$699,982
BIRINDER S SINGH	PHYSICIAN	40.00	Highest	$547,586	$4,366	$551,952
NIMESH J DESAI	PHYSICIAN	40.00	Highest	$543,317	$2,276	$545,593
LUIS CANALES	PHYSICIAN	40.00	Highest	$720,505	$3,365	$723,870
MOHAMED RUZAIK IBRAHIM	PHYSICIAN	40.00	Highest	$651,029	$1,191	$652,220
TODD HOWLAND	PHYSICIAN	40.00	Highest	$572,403	$9,615	$582,018

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	$58,989,386	$59,894,640	$39,876,125	$-905,254
2022	$54,210,797	$56,172,351	$63,593,177	$-1,961,554
2021	$54,200,212	$57,017,000	$38,834,163	$-2,816,788
2020	$50,584,196	$53,189,318	$43,221,308	$-2,605,122