MID-STATE HEALTH CENTER (EIN 020487172) - 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

1998

Legal Domicile

Principal Officer

ROBERT MACLEOD

Phone

6035364000

Tax Period

2024-07-01 to 2025-06-30

MID-STATE HEALTH CENTER, founded in 1998, is a mid-sized nonprofit in the Health Care sector that reported $27.0M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE SOUND PRIMARY HEALTH CARE TO THE COMMUNITY ACCESSIBLE TO ALL REGARDLESS OF THE ABILITY TO PAY.

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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 $4,106,308

Program Service Revenue $22,895,774

Investment Income $19,217

Other Revenue $0

TOTAL REVENUE $27,021,299

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,119,551

Fundraising Expenses $72,450

Program Expenses $23,071,620

Other Expenses $9,735,407

TOTAL EXPENSES $26,854,958

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,021,299	$22,029,411	+0.2%
Expenses	$26,854,958	$22,799,423	+0.2%
Net Income	$166,341	$-770,012	-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

275

Volunteers

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

$615,077

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER LAUFENBERG	PRESIDENT	2.00	Officer Director	$0	$0	$0
TODD BICKFORD	DIRECTOR	1.00	Director	$0	$0	$0
PATTI BIEDERMAN	SECRETARY AS OF JULY 2024	2.00	Officer Director	$0	$0	$0
MIKE LONG	TREASURER	2.00	Officer Director	$0	$0	$0
BENOIT LAMONTAGNE	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH MONTI	DIRECTOR	1.00	Director	$0	$0	$0
CHELSEA SALOMON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN SCHEINMAN	DIRECTOR	1.00	Director	$0	$0	$0
LINDSEY STEPP	DIRECTOR AS OF JULY 2024	1.00	Director	$0	$0	$0
STEVEN SHAFFER	DIRECTOR	1.00	Director	$0	$0	$0
BRADLEY MCCOIL	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN LASH	DIRECTOR	1.00	Director	$0	$0	$0
CARINA PARK	DIRECTOR THROUGH DECEMBER 2024	1.00	Director	$0	$0	$0
ROBERT MACLEOD	CHIEF EXECUTIVE OFFICER	40.00	Officer	$266,957	$13,592	$280,549
WILLIAM SWEENEY	CHIEF OPERATING OFFICER	40.00	Officer	$172,856	$25,248	$198,104
BRIAN WALL	CFO	40.00	Officer	$130,769	$5,655	$136,424
DAVID FAGAN	MEDICAL DIRECTOR	40.00	Highest	$321,439	$13,260	$334,699
WESLEY PHILLIPS	PHYSICIAN	40.00	Highest	$234,769	$25,981	$260,750
KATHERINE GAGAN	PHYSICIAN	40.00	Highest	$231,039	$25,885	$256,924
CECILIA DISNEY	PHYSICIAN	40.00	Highest	$280,030	$59,343	$339,373
DANETTE COLELLA	PHYSICIAN	40.00	Highest	$186,964	$26,347	$213,311

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
2025	$27,021,299	$26,854,958	$16,140,859	$166,341
2024	$22,029,411	$22,799,423	$15,726,357	$-770,012
2023	$21,026,512	$18,797,702	$16,252,402	$2,228,810
2022	$16,712,253	$16,228,872	$9,515,646	$483,381
2021	$17,678,626	$14,901,802	$8,758,328	$2,776,824
2020	$12,231,779	$12,573,195	$7,921,495	$-341,416
2019	$11,113,012	$10,720,397	$5,582,518	$392,615
2018	$10,646,652	$10,832,852	$5,188,787	$-186,200

MID-STATE HEALTH CENTER