SHALOM HEALTH CARE CENTER INC

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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

2002

Legal Domicile

Principal Officer

LEONARDO R ORTEGA MD MPH

Phone

3172917422

Tax Period

2023-01-01 to 2023-12-31

SHALOM HEALTH CARE CENTER INC, founded in 2002, is a mid-sized nonprofit in the Health Care sector that reported $10.3M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

TO PROVIDE A FULL RANGE OF PRIMARY AND PREVENTIVE HEALTH CARE SERVICES TO ALL RESIDENTS, REGARDLESS OF THE ABILITY FOR PAYMENT.

Program Service Accomplishments

Program 1

Expenses: $8,533,559 Revenue: $6,045,816

PRIMARY AND PREVENTIVE HEALTH CARE SERVICES: WE HERE AT SHALOM HEALTH CARE CENTER SUPPORT OUR MISSION OF PROVIDING PRIMARY HEALTH CARE TO THE UNDERSERVED POPULATION THAT LIVE NEAR THE LAFAYETTE...

PRIMARY AND PREVENTIVE HEALTH CARE SERVICES: WE HERE AT SHALOM HEALTH CARE CENTER SUPPORT OUR MISSION OF PROVIDING PRIMARY HEALTH CARE TO THE UNDERSERVED POPULATION THAT LIVE NEAR THE LAFAYETTE SQUARE AREA (WEST SIDE OF INDIANAPOLIS). IN 2023, SHALOM SERVED 14,000 PATIENTS AND HAD 91,000 PATIENTS VISIT OUR PRIMARY CARE CENTERS AND TWENTY-NINE SCHOOL BASED CLINICS. OUR DEMOGRAPHIC DATA SHOWS THAT 84.78% OF THE PATIENTS ARE MINORITY. MANY OF THEM APPRECIATE THE FACT THAT WE OFFER BILINGUAL SERVICES TO THEM AT NO ADDITIONAL COST AND HAVE SCHOOL BASED CLINICS.

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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 $4,423,828

Program Service Revenue $6,045,816

Investment Income $18,388

Other Revenue $-143,381

TOTAL REVENUE $10,344,651

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,459,949

Fundraising Expenses $0

Program Expenses $8,533,559

Other Expenses $2,343,506

TOTAL EXPENSES $10,803,455

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,344,651	$11,363,264	-0.1%
Expenses	$10,803,455	$11,268,684	0.0%
Net Income	$-458,804	$94,580	-5.9%

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

124

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

$550,714

Total Directors

Key Employees

$240,897

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARIELLE ZERGER	CHAIR	1.00	Officer Director	$0	$0	$0
RICHARD PROCTOR II	VICE CHAIR (2/28/23-12/31/23)	1.00	Officer Director	$0	$0	$0
VIRNA DIAZ	SECRETARY	1.00	Officer Director	$0	$0	$0
HANS BERNABE	TREASURER	1.00	Officer Director	$0	$0	$0
CASANDRA HOOKS	DIRECTOR	1.00	Director	$0	$0	$0
HANAKO GAVIA	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS FRYE	DIRECTOR	1.00	Director	$0	$0	$0
EUGINA LONG	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA PABON	DIRECTOR	1.00	Director	$0	$0	$0
FREIDA THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
KENDREA DERRICK	VICE CHAIR (1/1/23-2/28/23)	1.00	Officer Director	$0	$0	$0
CRISTIAN GUANDIQUE	DIRECTOR (END MARCH 2023)	1.00	Director	$0	$0	$0
LEONARDO R ORTEGA MD MPH	CEO	40.00	Officer	$241,675	$13,356	$255,031
MYRIAM BERESKY	COO	40.00	Officer	$116,768	$19,253	$136,021
MICHAEL NINO	CFO	40.00	Officer	$126,930	$32,732	$159,662
DR MARGARITA WIERSEMA	CMO	40.00	Key Emp	$204,327	$36,570	$240,897
DR HEMALATHA HEMACHANDRA	PEDIATRICIAN	40.00	Highest	$218,798	$27,913	$246,711
LYLE CORTEZ	FAMILY MEDICINE PHYSICIAN	40.00	Highest	$179,455	$16,096	$195,551
TERESA DRISKELL	CNO	40.00	Highest	$144,728	$7,686	$152,414
LYNDSEY FURRY	INTERIM CHIEF MEDICAL OFFICER	40.00	Highest	$141,896	$18,981	$160,877
ELAINE V LERNER	MENTAL HEALTH NURSE PRACTITIONER	40.00	Highest	$129,266	$13,255	$142,521

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	No data	No data	No data	No data
2023	$10,344,651	$10,803,455	$4,711,707	$-458,804
2022	$11,363,264	$11,268,684	$5,738,853	$94,580
2021	$11,347,739	$10,529,126	$5,349,705	$818,613
2020	$10,500,638	$8,969,788	$4,180,777	$1,530,850
2019	$8,342,250	$8,261,589	$3,298,718	$80,661
2018	$7,004,529	$7,155,307	$3,786,288	$-150,778