JORDAN HEALTH SYSTEMS INC (EIN 042103805) - 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

1985

Legal Domicile

Principal Officer

KEVIN TABB MD

Phone

5087462000

Tax Period

2023-10-01 to 2024-09-30

JORDAN HEALTH SYSTEMS INC, founded in 1985, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $2.4M left a modest 4% surplus.

Mission

THE JORDAN HEALTH SYSTEMS INC. (JHSI) SUPPORTS THE MISSION OF BETH ISRAEL DEACONESS HOSPITAL -- PLYMOUTH (BID-PLYMOUTH OR HOSPITAL) AND OTHER BETH ISRAEL LAHEY HEALTH AFFILIATES BY RAISING FUNDS AND HOLDING CERTAIN ASSETS, ENDOWMENTS AND RESTRICTED FUNDS TO SUPPORT HOSPITAL OPERATIONS. THE MISSION OF THE BETH ISRAEL DEACONESS HOSPITAL-PLYMOUTH, INC. IS TO IMPROVE THE HEALTH AND WELL-BEING OF ITS PATIENTS AND COMMUNITIES BY PROVIDING A FULL CONTINUUM OF HEALTHCARE SERVICES WITH EXCELLENCE AND COMPASSION AS WELL AS ACCESS TO TERTIARY CARE IN CLOSE COLLABORATION WITH BETH ISRAEL LAHEY HEALTH AND ITS AFFILIATES, REGARDLESS OF THE PATIENT'S ABILITY TO PAY, RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, ANCESTRY, AGE, OR DISABILITY.

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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 $100,000

Program Service Revenue $2,340,033

Investment Income $52,162

Other Revenue $5,808

TOTAL REVENUE $2,498,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,371,890

Fundraising Expenses $0

Program Expenses $2,388,420

Other Expenses $16,530

TOTAL EXPENSES $2,388,420

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,498,003	$3,270,960	-0.2%
Expenses	$2,388,420	$3,050,341	-0.2%
Net Income	$109,583	$220,619	-0.5%

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

N/A

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

$11,272,829

Total Directors

$8,518,956

Key Employees

$316,687

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROWAN MICHAEL	TRUSTEE (EVP, HOS & AMB SVCS, BILH)	1.00	Director	$0	$2,401,778	$4,703,895
SHORETT PETER	TTEE (SR EXECUTIVE VP & COO, BILH)	1.00	Director	$0	$48,246	$1,607,722
COUGHLIN KEVIN	PRESIDENT & TRUSTEE	1.00	Officer Director	$0	$53,764	$824,420
BURNS ERIN	TRUSTEE	1.00	Director	$0	$80,531	$690,642
KELLY MD DAVID	TRUSTEE & VICE CHAIR	1.00	Officer Director	$0	$83,362	$685,812
MCGILL KRISTINA	TRUSTEE; PHARMACY MGR BIDP (PER DIEM	1.00	Director	$0	$0	$6,465
KAPELL JEFF	TRUSTEE & CHAIR	1.00	Officer Director	$0	$0	$0
BLAIR RAYMOND	TRUSTEE	1.00	Director	$0	$0	$0
CARR ALLISON GILLMORE	TRUSTEE	1.00	Director	$0	$0	$0
CARUCCI DEAN	TTEE (BILH DIV PRESIDENT, COMMUNITY)	1.00	Director	$0	$0	$0
HEWITT CHARLES	TRUSTEE	1.00	Director	$0	$0	$0
HORWITZ-WILLIS NATE	TRUSTEE	1.00	Director	$0	$0	$0
JOHNSON JOHN	TRUSTEE	1.00	Director	$0	$0	$0
KENNISTON MD JULIA	TRUSTEE (PRESIDENT, MEDICAL STAFF)	1.00	Director	$0	$0	$0
KOWALOFF MD HARVEY	TRUSTEE	1.00	Director	$0	$0	$0
MARBLE MEGAN VAYO	TRUSTEE	1.00	Director	$0	$0	$0
MARINI ANNA	TRUSTEE	1.00	Director	$0	$0	$0
MCGRATH JOHN	TRUSTEE	1.00	Director	$0	$0	$0
MCKENNA CATHERINE	TRUSTEE	1.00	Director	$0	$0	$0
SHIELDS MARY	TRUSTEE	1.00	Director	$0	$0	$0
SPENCER LUIS	TRUSTEE	1.00	Director	$0	$0	$0
TABB MD KEVIN	CHIEF EXECUTIVE OFFICER (CEO, BILH)	1.00	Officer	$0	$1,097,028	$5,410,415
RIOS CINDY	TREAS (EXECUTIVE VP & CFO, BILH)	1.00	Officer	$0	$217,736	$1,689,163
KATZ ESQ JAMIE	CLERK; GENERAL COUNSEL, BILH	1.00	Officer	$0	$32,002	$1,302,177
JENKINS JIM	ASST TREAS (EX-OFF), CFO	1.00	Officer	$0	$30,468	$434,805
RANGAVIZ SHEILAH	ASSISTANT TREASURER, CFO	1.00	Officer	$0	$16,067	$352,611
ARMSTRONG ESQ EMILY	ASST CLERK (DIV VP DEP GC BOS, BILH)	1.00	Officer	$0	$41,550	$351,216
GEE ESQ CARROLL	ASST CLERK (ASSOC GEN COUNSEL, BILH)	1.00	Officer	$0	$41,396	$222,210
RICE JENNIFER	VP OF PHILANTHROPY	1.00	Key Emp	$0	$37,475	$316,687

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	$2,498,003	$2,388,420	$20,532,375	$109,583
2023	$3,270,960	$3,050,341	$19,074,287	$220,619
2022	$2,820,310	$2,606,154	$17,990,761	$214,156
2021	$3,780,840	$2,975,378	$18,916,074	$805,462
2020	$3,070,615	$2,810,041	$17,453,516	$260,574
2019	$3,746,242	$3,498,549	$17,427,203	$247,693
2018	$3,707,475	$3,683,318	$17,150,405	$24,157

JORDAN HEALTH SYSTEMS INC