THUNDERMIST HEALTH CENTER

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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

1969

Legal Domicile

Principal Officer

ADDY KANE

Phone

4017674163

Tax Period

2023-09-01 to 2024-08-31

THUNDERMIST HEALTH CENTER, founded in 1969, is a major nonprofit in the Health Care sector that reported $112.2M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $126.6M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO IMPROVE THE HEALTH OF OUR PATIENTS AND COMMUNITIES BY DELIVERING EXCEPTIONAL HEALTH CARE, REMOVING BARRIERS TO THAT CARE AND PROMOTING HEALTHY LIFESTYLES.

Program Service Accomplishments

Program 1

Expenses: $104,262,030 Revenue: $99,646,742

TO IMPROVE THE HEALTH OF OUR PATIENTS AND COMMUNITIES BY DELIVERING EXCEPTIONAL HEALTH CARE, REMOVING BARRIERS TO THAT CARE AND PROMOTING HEALTHY LIFESTYLES. DURING THE FISCAL YEAR, WE SERVED 63,043...

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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 $11,970,203

Program Service Revenue $99,646,742

Investment Income $210,063

Other Revenue $340,564

TOTAL REVENUE $112,167,572

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,914,792

Fundraising Expenses $258,660

Program Expenses $104,262,030

Other Expenses $40,669,298

TOTAL EXPENSES $126,584,090

Year-over-Year Comparison

	2023	2022	Change
Revenue	$112,167,572	$121,447,763	-0.1%
Expenses	$126,584,090	$118,449,923	+0.1%
Net Income	$-14,416,518	$2,997,840	-5.8%

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

1090

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

$761,587

Total Directors

Key Employees

$819,478

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN COONEY	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
VICTORIA ST GERMAIN	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
M DOUGLAS FAY	TREASURER	2.00	Officer Director	$0	$0	$0
LINDA CANNISTRA	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID VALOIS	DIRECTOR	2.00	Director	$0	$0	$0
MARY ELLEN CANIGLIA	DIRECTOR	2.00	Director	$0	$0	$0
MADRONE PHOENIX	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY HENRY PHD	DIRECTOR	2.00	Director	$0	$0	$0
CHERYL KING	DIRECTOR	2.00	Director	$0	$0	$0
DONALD LARSEN	DIRECTOR	2.00	Director	$0	$0	$0
LAWRENCE TRIM	DIRECTOR	2.00	Director	$0	$0	$0
SARA DELAPORTA MD	DIRECTOR	2.00	Director	$0	$0	$0
ANDREA S ROLLIN	DIRECTOR	2.00	Director	$0	$0	$0
KRISTINA CONTRERAS FOX	DIRECTOR ( UNTIL 2/24)	2.00	Director	$0	$0	$0
RANDALL RICE	DIRECTOR (UNTIL 1/24)	2.00	Director	$0	$0	$0
JEANNE LACHANCE	CEO (UNTIL 9/5/24)	40.00	Officer	$490,568	$28,437	$519,005
CHETNA CHANDRAKALA	CFO (UNTIL 12/29/23)	40.00	Officer	$231,465	$11,117	$242,582
DAVID M BOURASSA	CMO	40.00	Key Emp	$366,064	$44,887	$410,951
ERIC J PROSSEDA	CHIEF DENTAL OFFICER	40.00	Key Emp	$370,941	$37,586	$408,527
JENNIFER BUCKLEY	PHYSICIAN-KENT RESIDENCY FACULTY	40.00	Highest	$288,657	$16,532	$305,189
PAUL GEORGE	MEDICAL DIRECTOR	40.00	Highest	$275,073	$14,118	$289,191
SAPNA CHOWDHRY	MEDICAL DIRECTOR	40.00	Highest	$281,085	$20,518	$301,603
ARNOLD GOLDBERG	PHYSICIAN-KENT RESIDENCY FACULTY	40.00	Highest	$283,594	$24,003	$307,597
LINDA BERMAN	PHYSICIAN	40.00	Highest	$286,629	$14,205	$300,834

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	No data	No data	No data	No data
2024	$112,167,572	$126,584,090	$52,998,383	$-14,416,518
2023	$121,447,763	$118,449,923	$65,914,816	$2,997,840
2022	$103,038,773	$100,139,464	$60,584,911	$2,899,309
2021	$90,981,582	$88,114,989	$55,440,960	$2,866,593
2020	$80,178,628	$77,301,871	$51,867,089	$2,876,757
2019	$67,484,424	$66,074,747	$45,285,339	$1,409,677
2018	$55,212,525	$54,619,706	$40,260,583	$592,819