St Charles Health System 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

2001

Legal Domicile

Principal Officer

Gordon Steve

Phone

5413824321

Tax Period

2023-01-01 to 2023-12-31

St Charles Health System Inc, founded in 2001, is a large national nonprofit in the Health Care sector that reported $1.2B in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.2B left a modest 7% surplus.

Mission

To own, manage and operate hospitals in Central Oregon, as well as the care of sick, injured and infirm and the carrying on, participation in and sponsorship of health-related services and activities in the communities.

Program Service Accomplishments

Program 1

Expenses: $816,217,984 Revenue: $1,123,838,421

ST CHARLES HOSPITALS - ST. CHARLES HEALTH SYSTEM, INC. (SCHS) IS AN OREGON NONPROFIT CORPORATION THAT OPERATES A HEALTHCARE DELIVERY SYSTEM, WHICH INCLUDES HOSPITALS IN CENTRAL OREGON. SCHSS FLAGSHIP HOSPITAL IS LOCATED IN BEND WITH AN AFFILIATED CAMPUS IN REDMOND. IN ADDITION, SCHS OWNS AND OPERATES CRITICAL ACCESS HOSPITALS IN MADRAS AND PRINEVILLE. SCHS HOSPITALS PROVIDED SERVICES FOR 20,521 INPATIENTS, 2,288 BIRTHS, 22,446 SURGICAL CASES, 97,080 EMERGENCY ROOM VISITS, AND 231,043 OTHER OUTPATIENT VISITS IN 2023.

Program 2

Expenses: $115,306,801 Revenue: $84,032,231

ST. CHARLES CLINICSSCHS ALSO OWNS AND OPERATES MEDICAL CLINICS LOCATED THROUGHOUT THE REGION WHICH PROVIDE OUTPATIENT SERVICES SUCH AS CANCER CARE, OB/GYN, PULMONARY CARE, SLEEP DISORDER RESOURCES...

ST. CHARLES CLINICSSCHS ALSO OWNS AND OPERATES MEDICAL CLINICS LOCATED THROUGHOUT THE REGION WHICH PROVIDE OUTPATIENT SERVICES SUCH AS CANCER CARE, OB/GYN, PULMONARY CARE, SLEEP DISORDER RESOURCES, BEHAVIORAL HEALTH, HEART SERVICES AND PRIMARY CARE. SCHS PROVIDED OVER 48,100 VISITS IN 2023. SCHS ALSO OPERATES THREE IMMEDIATE CARE CLINICS TO PROVIDE LOW-COST URGENT CARE SERVICES TO THE COMMUNITY; THE URGENT CARE CLINICS PROVIDED SERVICES FOR MORE THAN 218,100 PATIENT VISITS IN 2023.

Program 3

Expenses: $13,698,929 Revenue: $12,735,632

ST. CHARLES HOME HEALTH & HOSPICE - SCHS HOME HEALTH SERVICES PROVIDES REGISTERED NURSES, CERTIFIED HOME HEALTH AIDES, PHYSICAL AND OCCUPATIONAL THERAPISTS, SPEECH LANGUAGE PATHOLOGISTS, AND LICENSED SOCIAL WORKERS WHO COLLABORATE WITH PATIENTS, THEIR FAMILIES AND REFERRING PHYSICIANS TO DEVELOP AND PROVIDE IN-HOME HEALTH CARE TREATMENT. SCHS HOME HEALTH PROVIDED 24,998 VISITS IN 2023. SCHS HOSPICE SERVICES PROVIDES CARE TO TERMINALLY ILL PATIENTS AND THEIR FAMILIES IN DESCHUTES, CROOK, JEFFERSON, AND NORTH KLAMATH COUNTIES. SCHS HOSPICE PROVIDED 25,255 VISITS IN 2023.

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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 $2,303,867

Program Service Revenue $1,224,034,420

Investment Income $8,210,998

Other Revenue $14,778,363

TOTAL REVENUE $1,249,327,648

Expense Breakdown

Grants Paid $1,527,086

Salaries & Benefits $652,445,948

Fundraising Expenses $719,668

Program Expenses $945,223,714

Other Expenses $505,568,865

TOTAL EXPENSES $1,159,541,899

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,249,327,648	$1,099,141,128	+0.1%
Expenses	$1,159,541,899	$1,073,393,298	+0.1%
Net Income	$89,785,749	$25,747,830	+2.5%

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

5516

Volunteers

229

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

$3,069,234

Total Directors

$352,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gordon Steve	President	50.00	Officer	$1,522,421	$42,273	$1,564,694
Joe Sluka	President CEO	0.00		$980,608	$0	$980,608
Clover Todd MD	Physician	50.00		$874,205	$50,621	$924,826
HALLETT MARK	Chief Clinical Officer	50.00		$809,991	$79,234	$889,225
Dixon Jennifer MD	Physician	50.00		$821,668	$42,416	$864,084
Gulvin Joshua MD	Physician	50.00		$809,317	$50,621	$859,938
Woll Michael MD	Physician	50.00		$812,027	$25,672	$837,699
Sultan Michael MD	Physician	50.00		$781,651	$46,760	$828,411
SIMMONS IMAN	SVP COO	50.00		$707,926	$113,217	$821,143
Swafford Matthew	Senior VP/CFO	50.00	Officer	$655,939	$116,908	$772,847
Binder Darren	Secretary	50.00	Officer	$557,623	$99,070	$656,693
Jeff Absalon	EVP Chief Physician Executive	0.00		$607,241	$0	$607,241
BERRY REBECCA	VP HUMAN RESOURCES	50.00		$476,924	$72,114	$549,038
CHING JOAN	VP CHIEF NURSING	50.00		$367,940	$41,654	$409,594
GOLDA DAVID	VP HOSPITAL ADMIN BEND/REDMOND	50.00		$331,121	$46,445	$377,566
BRICKHOUSE JEREMIAH	SVP/CIO	50.00		$289,592	$58,196	$347,788
SHIELDS TODD	VP HOSPITAL ADMIN PRINEVILLE/MADRAS	50.00		$296,705	$44,683	$341,388
Rod Marchiando	SVP Improvement & Strategy	0.00		$309,353	$0	$309,353
POWELL MICHAEL	CHIEF PHARMACY OFFICER	50.00		$241,399	$41,291	$282,690
Robinson Debra	Former CNO Bend	20.00		$250,655	$9,215	$259,870
YOUNGS STACY	Chief Nursing Officer Bend & Redmon	0.00		$224,707	$17,254	$241,961
OSTROM JULIE	SR DIRECTOR PERIOP & CARDIO	50.00		$199,678	$32,494	$232,172
Orlikoff James	Chairman	8.00	Officer Director	$75,000	$0	$75,000
Handkins Shelly	Director	5.00	Director	$40,000	$0	$40,000
Schuette Dan	Director	5.00	Director	$40,000	$0	$40,000
Rhoads Ann	Director	4.00	Director	$40,000	$0	$40,000
O'Brien Jenny	Director	5.00	Director	$40,000	$0	$40,000
Bullock Jon	Director	5.00	Director	$40,000	$0	$40,000
Rodriguez Glenn	Chairman	4.00	Director	$40,000	$0	$40,000
Schmid Corey	Director	5.00	Director	$25,000	$0	$25,000
Davidson Andy	Director	4.00	Director	$12,500	$0	$12,500

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	$1,249,327,648	$1,159,541,899	$1,438,531,122	$89,785,749
2022	$1,099,141,128	$1,073,393,298	$1,282,243,802	$25,747,830
2021	$1,005,139,191	$1,005,025,320	$1,474,240,242	$113,871
2020	$912,828,183	$904,043,480	$1,470,535,512	$8,784,703
2019	$1,002,139,054	$833,723,471	$1,206,976,077	$168,415,583
2018	$830,561,599	$784,576,604	$1,047,605,572	$45,984,995