340B HEALTH (EIN 205913680) - 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

2006

Legal Domicile

Principal Officer

MAUREEN TESTONI

Phone

2025525850

Tax Period

2023-01-01 to 2023-12-31

340B HEALTH, founded in 2006, is a mid-sized nonprofit in the Community Improvement sector that reported $14.3M in total revenue in fiscal year 2023. Expenses of $12.5M left a modest 12% surplus.

Mission

BE THE LEADING 340B ADVOCATE AND RESOURCE SUPPORTING HOSPITALS IN...CONTINUED ON SCHEDULE OCONTINUED FROM PAGE 1...THEIR MISSION TO SERVE LOW INCOME, UNDERSERVED, AND RURAL PATIENTS.

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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 $392,495

Program Service Revenue $13,154,838

Investment Income $706,848

Other Revenue $600

TOTAL REVENUE $14,254,781

Expense Breakdown

Grants Paid $5,735

Salaries & Benefits $6,077,181

Fundraising Expenses $0

Other Expenses $6,395,933

TOTAL EXPENSES $12,478,849

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,254,781	$13,814,777	+0.0%
Expenses	$12,478,849	$10,968,686	+0.1%
Net Income	$1,775,932	$2,846,091	-0.4%

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

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

$1,297,141

Total Directors

Key Employees

$263,968

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN L BOWLING FACHE CFNP	CHAIR (BEG 7/23)	1.00	Officer Director	$0	$0	$0
JESSE BREIDENBACH PHARMD	DIRECTOR	1.00	Director	$0	$0	$0
BETH FELDPUSH DRPH	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS R GNADT PHARMD	DIRECTOR	1.00	Director	$0	$0	$0
ROSLAND FISHER MCLEOD	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MOLLO PHARMD	DIRECTOR	1.00	Director	$0	$0	$0
CHARLTON PARK	TREASURER	1.00	Officer Director	$0	$0	$0
MATTHEW J PERRY	SECRETARY	1.00	Officer Director	$0	$0	$0
PATRICIA K VILT	CHAIR (UNTIL 7/23)	1.00	Officer Director	$0	$0	$0
TIM LYNCH	DIRECTOR	1.00	Director	$0	$0	$0
ALI SANTORE	DIRECTOR	1.00	Director	$0	$0	$0
ONISIS STEFAS	DIRECTOR	1.00	Director	$0	$0	$0
MEETALI DESAI	DIRECTOR	1.00	Director	$0	$0	$0
SUMONA DASGUPTA	DIRECTOR	1.00	Director	$0	$0	$0
MIKE LOFTUS	DIRECTOR	1.00	Director	$0	$0	$0
ADRIAN MORAN	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN TESTONI	PRESIDENT & CEO	45.00	Officer	$847,095	$150,639	$997,734
PATRICK MCGARY	SVP OPERATIONS	45.00	Officer	$255,819	$43,588	$299,407
MICHAEL HESS	VP, OPERATIONS	45.00	Key Emp	$231,096	$32,872	$263,968
STEVEN MILLER	VP OF PHARMACY SERVICES	45.00	Highest	$271,647	$27,667	$299,314
GREGORY DOGGETT	VP LEGAL & POLICY COUNSEL	45.00	Highest	$256,079	$32,902	$288,981
CAROLINE STEINBERG	VP OF RESEARCH	45.00	Highest	$246,919	$14,661	$261,580
JOHNATHAN TILTON	SVP COMMUNICATIONS	45.00	Highest	$236,821	$7,125	$243,946
TOM O'DONNELL	SVP, GOVERNMENT RELATIONS	45.00	Highest	$350,270	$25,728	$375,998
MIRIAM LASAR	FORMER OFFICER	30.00		$203,800	$0	$203,800
CHRISTOPHER CROSSWHITE	SVP LEGAL AND POLICY	45.00		$148,352	$26,111	$174,463
KATHRYN DIBITETTO	FORMER KEY EMPLOYEE	40.00		$100,263	$0	$100,263

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	$14,254,781	$12,478,849	$35,979,568	$1,775,932
2022	$13,814,777	$10,968,686	$24,919,877	$2,846,091
2022	$13,814,777	$10,968,686	$24,919,877	$2,846,091
2021	$9,750,586	$8,473,287	$25,548,585	$1,277,299
2020	$12,493,970	$8,791,305	$21,001,178	$3,702,665
2019	$11,728,558	$8,854,529	$17,756,898	$2,874,029
2018	$10,410,054	$9,905,604	$13,490,844	$504,450

340B HEALTH