Martin's Point Health Care Inc (EIN 010353275) - Form 990 Financial Analysis & Trantor Score

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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

1971

Legal Domicile

Principal Officer

Paul F Kasuba MD

Phone

2077913710

Tax Period

2024-01-01 to 2024-12-31

Martin's Point Health Care Inc, founded in 1971, is a major nonprofit in the Health Care sector that reported $550.1M in total revenue in fiscal year 2024.

Mission

To deliver the care every person deserves.

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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 $0

Program Service Revenue $543,208,925

Investment Income $7,793,009

Other Revenue $-925,691

TOTAL REVENUE $550,076,243

Expense Breakdown

Grants Paid $704,350

Salaries & Benefits $130,419,784

Fundraising Expenses $0

Program Expenses $526,226,382

Other Expenses $423,286,088

TOTAL EXPENSES $554,410,222

Year-over-Year Comparison

	2024	2023	Change
Revenue	$550,076,243	$545,592,486	+0.0%
Expenses	$554,410,222	$518,281,788	+0.1%
Net Income	$-4,333,979	$27,310,698	-1.2%

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

1215

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

$2,235,062

Total Directors

$1,712,368

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steve deCastro	Board Member	1.00	Director	$30,255	$0	$30,255
John Fitzsimmons	Board Member	1.00	Director	$30,255	$0	$30,255
George J Isham MD MS	Board Member	1.00	Director	$37,755	$0	$37,755
Umesh Kurpad	Board Member (start 9/2024)	1.00	Director	$15,164	$1,597	$16,761
Cathleen Morrow MD	Board Member	1.00	Director	$32,755	$675	$33,430
Barbara E Trethaway JD	Board Member	1.00	Director	$40,255	$2,166	$42,421
Edward S McKersie	Chair (end 9/2024)/Treasurer	1.00	Officer Director	$47,755	$1,413	$49,168
Kathryn Rand	Vice Chair (end 9/2024)/Chair	1.00	Officer Director	$42,755	$2,084	$44,839
Bradford A Hunter	Treasurer (end 9/2024)/Vice Chair	1.00	Officer Director	$40,255	$0	$40,255
Paul F Kasuba MD	President & CEO	31.00	Officer Director	$1,133,507	$253,722	$1,387,229
David E Currier	Secretary	1.00	Officer	$48,181	$0	$48,181
Amanda Jackson	Chief Financial Officer	31.00	Officer	$545,091	$120,299	$665,390
Jonathan Easton Harvey MD	Chief Medical Officer (end 3/2024)	40.00	Highest	$927,024	$25,459	$952,483
Bernadette Di Re	COO, Health Plans	31.00	Highest	$676,072	$33,385	$709,457
Jeffrey Brown	Chief Information Officer	31.00	Highest	$589,601	$126,405	$716,006
Daniel McCormack	COO, Delivery Systems	40.00	Highest	$582,551	$130,349	$712,900
Teresa Nizza	Chief Human Resources Officer	31.00	Highest	$553,440	$97,183	$650,623
David H Howes MD	Former President & CEO	0.00		$184,317	$0	$184,317

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	$550,076,243	$554,410,222	$575,909,759	$-4,333,979
2023	$545,592,486	$518,281,788	$496,510,079	$27,310,698
2022	$525,072,936	$498,454,800	$497,712,566	$26,618,136
2021	$550,950,857	$478,839,919	$527,490,036	$72,110,938
2020	$472,119,641	$432,011,666	$473,344,664	$40,107,975
2019	$472,354,835	$447,370,601	$369,243,438	$24,984,234
2018	$442,304,130	$426,560,604	$335,716,022	$15,743,526

Martin's Point Health Care Inc