FIRST CHOICE HEALTH CENTERS INC (EIN 061416492) - 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

1994

Legal Domicile

Principal Officer

JEFFREY STEELE

Phone

8606106131

Tax Period

2023-07-01 to 2024-06-30

FIRST CHOICE HEALTH CENTERS INC, founded in 1994, is a mid-sized nonprofit in the Health Care sector that reported $20.1M in total revenue in fiscal year 2023. Expenses of $22.2M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO IMPROVE ACCESS TO HEALTH CARE AND TO IMPROVE THE HEALTH AND WELL-BEING OF THE COMMUNITY THROUGH AFFORDABLE ACCESS TO QUALITY HEALTH CARE.

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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 $5,887,081

Program Service Revenue $14,070,375

Investment Income $34,950

Other Revenue $87,755

TOTAL REVENUE $20,080,161

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,093,692

Fundraising Expenses $0

Program Expenses $15,514,967

Other Expenses $8,062,523

TOTAL EXPENSES $22,156,215

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,080,161	$20,959,487	0.0%
Expenses	$22,156,215	$21,821,585	+0.0%
Net Income	$-2,076,054	$-862,098	+1.4%

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

212

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

$473,381

Total Directors

Key Employees

$470,849

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZAFAR RASHID	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ANN MARIE STEVENSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVID MCKEE	TREASURER	1.00	Officer Director	$0	$0	$0
WINSOME BARNABY	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN CONNOR	DIRECTOR	1.00	Director	$0	$0	$0
CONOR DUFFY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MCQUADE	DIRECTOR	1.00	Director	$0	$0	$0
GISLAINE ORTIZ JIMENEZ	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER RACCUIA	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER RUCCI	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA SEVILLE	DIRECTOR	1.00	Director	$0	$0	$0
ASHOO SHARDA	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY STEELE	CEO AND PRESIDENT	39.00	Officer	$225,140	$35,453	$260,593
SEAN MURPHY	CHIEF FINANCIAL OFFICER	39.00	Officer	$189,625	$23,163	$212,788
HEIDI JOSEPH	CHIEF OPERATIONS OFFICER	40.00	Key Emp	$172,357	$20,306	$192,663
SANDEEP BHASHYAM	CHIEF MEDICAL OFFICER	40.00	Key Emp	$255,023	$23,163	$278,186
ABIGAIL CIPRIANI	PEDIATRICIAN	40.00	Highest	$201,157	$20,050	$221,207
NANCY CONCEPCION	PSYCH APRN	40.00	Highest	$165,624	$8,595	$174,219
SABRINA GRISWOLD	PHARMACY DIRECTOR	40.00	Highest	$189,956	$11,405	$201,361
RODCLIFFE WINT	DENTAL DIRECTOR	40.00	Highest	$174,731	$7,610	$182,341
VERA HALBFASS	PODIATRIST	40.00	Highest	$154,225	$16,596	$170,821

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	$20,080,161	$22,156,215	$11,801,990	$-2,076,054
2023	$20,959,487	$21,821,585	$14,212,244	$-862,098
2022	$20,633,718	$19,896,687	$13,085,294	$737,031
2021	$17,922,573	$16,888,813	$13,089,215	$1,033,760
2020	$17,051,043	$16,720,447	$11,485,293	$330,596
2019	$16,859,947	$16,328,873	$10,511,651	$531,074
2018	$16,023,815	$15,814,379	$10,333,797	$209,436

FIRST CHOICE HEALTH CENTERS INC