SETON HEALTH SYSTEM INC Charity Report

Public IRS 990 nonprofit record

SETON HEALTH SYSTEM INC

EIN 14-1776186 · Textile MillsT

What they do

WE, ST. PETERS HEALTH PARTNERS and TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT of THE GOSPEL AS A COMPASSIONATE and TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES. FOUNDED IN COMMUNITY-BASED LEGACIES of COMPASSIONATE HEALING, WE PROVIDE THE HIGHEST QUALITY COMPREHENSIVE CONTINUUM of INTEGRATED HEALTH CARE, SUPPORTIVE HOUSING and COMMUNITY SERVICES, ESPECIALLY for THE NEEDY and VULNERABLE. SETON HEALTH SYSTEM (ST. MARYS HOSPITAL) is A MEMBER of ST. PETERS HEALTH PARTNERS and TRINITY HEALTH.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $96.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2018The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders35 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

107.38%of revenue went to mission work96.0% of expenses · Program services

$111.81spent for every $100 of revenueSpending was higher than revenue this year.

4.43%of revenue went to management and office costs4.0% of expenses

1.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $5,016,212 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $603,034 for STEVEN BALSAMO DO (PHYSICIAN). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2018

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$42,462,046

Mission workProgram services$45,596,855107.38% of revenue96.0% of expenses

ManagementOffice and general costs$1,881,4034.43% of revenue4.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$47,478,258111.81% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2018CurrentExpense mix: 96.0% mission · 4.0% management · 0.0% fundraisingTotal expenses: 111.81% of revenue

2017Expense mix: 95.3% mission · 4.7% management · 0.0% fundraisingTotal expenses: 110.52% of revenue

2016Expense mix: 92.1% mission · 7.9% management · 0.0% fundraisingTotal expenses: 110.80% of revenue

2015Expense mix: 92.3% mission · 7.7% management · 0.0% fundraisingTotal expenses: 108.94% of revenue

Money in and money out

Revenue$42,462,046

Expenses$47,478,258

Annual shortfall $5,016,212 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$45,596,855 · 96.0% of expenses

Management and office costs$1,881,403 · 4.0% of expenses

See all reported dollar amounts

Revenue$42,462,046

Expenses$47,478,258

Income$86,511,429

Contributions$820,413

Mission work (program services)$45,596,855

Management and general$1,881,403

Executive compensation (total)$274,856

Stocks and bonds$28,881,454

Investing fees$46,294

People

Leadership and board

Tax year 2018

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

STEVEN BALSAMO DOPHYSICIAN · 50 hrs/week $603,034Base $558,546 · Other $44,488

DINA GOTTESMAN MDPHYSICIAN · 50 hrs/week $541,205Base $503,945 · Other $37,260

SIKANDER MANZOOR MDPHYSICIAN · 50 hrs/week $537,733Base $499,660 · Other $38,073

ARTHUR SUNKIN MDPHYSICIAN · 50 hrs/week $532,827Base $502,953 · Other $29,874

MATTHEW CUNNINGHAM MDPHYSICIAN · 50 hrs/week $474,488Base $455,888 · Other $18,600

NORMAN DASCHER JRFORMER OFF; VP & CEO TROY THRU 10/18 · 25 hrs/week $372,657Base · Other $372,657

DANIEL ROTH MDDIRECTOR; TRINITY EVP CHIEF CLIN OFF · 1 hrs/week $249,271Base · Other $249,271

DANIEL SILVERMAN MDVP & CMO TROY THROUGH 7/18 · 25 hrs/week $247,314Base · Other $247,314

CAROL CRUCETTIFORMER KEY EMPLOYEE; VP & CNO TROY · 25 hrs/week $241,648Base $214,133 · Other $27,515

THOMAS ROBERTSPHP VP, CFO & TREASURER · 1 hrs/week $119,309Base · Other $119,309

JAMES REED MDDIRECTOR; PRESIDENT & CEO · 1 hrs/week $87,506Base · Other $87,506

MICHAEL FINEGANPRESIDENT, ACUTE CARE · 10 hrs/week $44,224Base · Other $44,224

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (35)

STEVEN BALSAMO DOPHYSICIAN

DINA GOTTESMAN MDPHYSICIAN

SIKANDER MANZOOR MDPHYSICIAN

ARTHUR SUNKIN MDPHYSICIAN

MATTHEW CUNNINGHAM MDPHYSICIAN

NORMAN DASCHER JRFORMER OFF; VP & CEO TROY THRU 10/18

DANIEL ROTH MDDIRECTOR; TRINITY EVP CHIEF CLIN OFF

DANIEL SILVERMAN MDVP & CMO TROY THROUGH 7/18

CAROL CRUCETTIFORMER KEY EMPLOYEE; VP & CNO TROY

THOMAS ROBERTSPHP VP, CFO & TREASURER

JAMES REED MDDIRECTOR; PRESIDENT & CEO

MICHAEL FINEGANPRESIDENT, ACUTE CARE

JOHN FILIPPONE MDDIRECTOR; PHYSICIAN

ROBERT SWIDLER ESQSECRETARY; VP LEGAL SERVICES

LORI SANTOSVICE PRESIDENT, ACUTE CARE FINANCE

DANIEL KOCHIEFORMER OFFICER; REG DIRECTOR PFS

ALAN SANDERS MDDIRECTOR THRU 9/18; CMO AS OF 9/18

KATHLEEN NATWIN DCDIRECTOR

NORMAN MASSRYDIRECTOR

PHYLLIS HERBERT RSMDIRECTOR

ROBERT BYLANCIKDIRECTOR

ROBERT MCCORMICKDIRECTOR

ROBERT JOHNSON III ESQDIRECTOR

RONALD GUZIORDIRECTOR; TREASURER

MICHAEL KEEGANDIRECTOR

MARY ANN LOGIUDICE RSMDIRECTOR

LISA THORN MDDIRECTOR THROUGH 12/18

JAMES SLAVIN MDDIRECTOR THROUGH 12/18

HAROLD GORDON ESQDIRECTOR

GEORGE HEARST IIIDIRECTOR

GARY DAKEDIRECTOR; CHAIR

CURTIS POWELLDIRECTOR

BEVERLY KARPIAKDIRECTOR; VICE CHAIR

BARBARA COTTRELLDIRECTOR

ANN DISARRODIRECTOR

About this charity

Location: 1300 MASSACHUSETTS AVENUE, TROY, NY 12180
County: Rensselaer
In care of: LORI SANTOS
Primary officer: LORI SANTOS, VP, ACUTE CARE FINANCE

How to reach them

WebsiteVisit the charity’s website Phone(518) 268-5520

Filing and classification

Latest tax year: 2018
Tax period began: July 1, 2018
Return type: 990
IRS tax category: Textile MillsT