St Charles Hospital Corp

Nonprofit profile at a glance

EIN
111871039
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Port Jefferson, NY, USA
Phone
6314746116
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Hospital, General
Affiliation
Christianity

Official website

Reported finances

Revenue
$272,685,053
Expenses
$286,974,128
Assets
$159,615,402
Liabilities
$195,059,723

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

29 people listed

Executive titles in this filing

  • PATRICK O'SHAUGHNESSY DO (PRESIDENT & CEO)
  • JAMES O'CONNOR (PRESIDENT/CAO)

Highest reported compensation

  • PATRICK O'SHAUGHNESSY DO (PRESIDENT & CEO): $4,755,111 total reported compensation
  • SATHISH SUBBAIAH (STAFF PHYSICIAN): $1,976,344 total reported compensation
  • PATRICK MINICUS (EVP & CFO): $1,907,293 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See schedule o

What it reported doing in 2024

St. Charles hospital is a 243 bed rehabilitation and acute care hospital that also operates outpatient facilities in both nassau and suffolk counties. Founded by the daughters of wisdom in 1907, st. Charles provides a full range of healthcare services. In 2024 st. Charles had 10,938 discharged and provided 18,252 emergency room visits. St. Charles provides care regardless of the individual's ability to pay and along with other community service and charitable activities.

Operating model

Revenue model
Earned-program. 93% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 100
  • Accountability: 97
  • Sustainability: 15
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88%; rating input score 88
  • Program expense ratio: 83.7%; rating input score 84
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 95%; rating input score 95; 47th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -5.2%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 0.56; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: 1.22; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 4.3%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: 2.3% per year; rating input score 100; 17th percentile among comparable filings
  • Revenue growth: 3.1% per year; rating input score 100; 23rd percentile among comparable filings
  • Asset growth: 0.8% per year; rating input score 100; 10th percentile among comparable filings

Details

  • Where the money goes: 88% of revenue deployed · 83.7% of spending went to programs
  • Governance: 19 of 20 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $240.2M in reported program spending
  • Leadership: top reported pay $4.8M · 29 people listed · 6 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $8.2M reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Related organizations: 54 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 12/100.
  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.
  • High — Sustainability: Officer compensation ratio scored 23/100.