PORT HEALTH SERVICES (EIN 200287545) - 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

2003

Legal Domicile

Principal Officer

LUANNE WELCH

Phone

2528307560

Tax Period

2023-07-01 to 2024-06-30

PORT HEALTH SERVICES, founded in 2003, is a mid-sized nonprofit in the Human Services sector that reported $31.6M in total revenue in fiscal year 2023.

Mission

TO HELP PEOPLE WITH SUBSTANCE USE AND MENTAL HEALTH CHALLENGES, THEIR FAMILIES & OUR EMPLOYEES EMBRACE THEIR POTENTIAL, ACCESS OPPORTUNITIES, BUILD RESILIENCE & THRIVE.

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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 $0

Program Service Revenue $31,572,533

Investment Income $11,452

Other Revenue $17,822

TOTAL REVENUE $31,601,807

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,666,905

Fundraising Expenses $0

Program Expenses $30,596,123

Other Expenses $18,565,123

TOTAL EXPENSES $34,232,028

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,601,807	$32,118,372	0.0%
Expenses	$34,232,028	$33,135,688	+0.0%
Net Income	$-2,630,221	$-1,017,316	+1.6%

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

348

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

$1,009,454

Total Directors

Key Employees

$804,847

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HANY KAOUD	MEDICAL DIRE	40.00	Key Emp	$374,634	$22,797	$397,431
LUANNE WELCH	CEO	20.00	Officer	$0	$6,112	$359,830
JAMES HILTY	CFO	20.00	Officer	$0	$9,522	$254,771
BERTHA BOWEN HAMBIDGE	PSYCHIATRIST	40.00	Key Emp	$202,952	$10,322	$213,274
DAVID TAYLOR	PHYSICIANS A	40.00	Key Emp	$190,864	$3,278	$194,142
MEGAN BOGART	PSYCH NURSE	40.00	Officer	$135,056	$16,657	$151,713
GLENN BUCK	CCO	40.00	Highest	$124,976	$15,371	$140,347
AUDREY DELORIS RICE	PSYCH NURSE	40.00	Highest	$123,802	$15,147	$138,949
PHILIP KELLER	PHYSICIANS A	40.00	Highest	$123,201	$5,516	$128,717
THOMAS SAVIDGE	FORMER CGO	40.00	Officer	$113,955	$9,582	$123,537
MARIA TERESA ALEXANDER	PSYCH NURSE	40.00	Highest	$110,411	$9,776	$120,187
DAVID CAIN	FORMER COO	40.00	Officer	$116,797	$2,806	$119,603
RENA CHURCH	PHYCH NURSE	40.00	Highest	$104,333	$4,065	$108,398
RICK ANICETTI	BOARD MEMBER	0.50	Director	$0	$0	$0
GONZALO CHECA	BOARD TREASU	0.50	Director	$0	$0	$0
SHEILA DAVIES	BOARD SECRET	0.50	Director	$0	$0	$0
ELIZABETH DEBIASI	BOARD MEMBER	0.50	Director	$0	$0	$0
MARTHA EARLY	BOARD MEMBER	0.50	Director	$0	$0	$0
SAM EBERTS	BOARD CHAIR	0.50	Director	$0	$0	$0
MICHAEL O'DONNELL	BOARD MEMBER	0.50	Director	$0	$0	$0
JONATHAN SHAPIRO	BOARD MEMBER	0.50	Director	$0	$0	$0
MIHALI STAVLAS	BOARD MEMBER	0.50	Director	$0	$0	$0
DONALD THOMPSON	BOARD VICE C	0.50	Director	$0	$0	$0
MIKE WATERS	BOARD MEMBER	0.50	Director	$0	$0	$0

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	$31,601,807	$34,232,028	$9,199,335	$-2,630,221
2023	$32,118,372	$33,135,688	$10,280,724	$-1,017,316
2022	$26,562,437	$27,564,396	$7,706,762	$-1,001,959
2021	$26,221,937	$24,129,292	$13,234,691	$2,092,645
2020	$24,363,474	$23,175,311	$11,856,895	$1,188,163
2019	$23,722,892	$23,219,631	$9,079,687	$503,261
2018	$22,297,835	$21,461,562	$8,171,152	$836,273

PORT HEALTH SERVICES