PRIME HEALTHCARE FOUNDATION 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

2006

Legal Domicile

Principal Officer

KAVITHA BHATHIA MD

Phone

9092354400

Tax Period

2023-01-01 to 2023-12-31

PRIME HEALTHCARE FOUNDATION INC, founded in 2006, is a major nonprofit in the Health Care sector that reported $776.3M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

THE MISSION OF THE PRIME HEALTHCARE FOUNDATION IS TO PROVIDE QUALITY, COMPASSIONATE HEALTHCARE FOR ALL, AND SERVE COMMUNITIES THROUGH CHARITABLE AND EDUCATIONAL INITIATIVES.

Program Service Accomplishments

Program 1

Expenses: $768,399,485 Revenue: $740,273,588

PRIME HEALTHCARE FOUNDATION, INC. OPERATES A TOTAL OF 25 ENTITIES, 10 OF WHICH ARE HOSPITALS, ALL CLASSIFIED AS DISREGARDED ENTITIES FOR FEDERAL TAX PURPOSES. THESE HOSPITALS AND ENTITIES INCLUDE...

PRIME HEALTHCARE FOUNDATION, INC. OPERATES A TOTAL OF 25 ENTITIES, 10 OF WHICH ARE HOSPITALS, ALL CLASSIFIED AS DISREGARDED ENTITIES FOR FEDERAL TAX PURPOSES. THESE HOSPITALS AND ENTITIES INCLUDE BUCKS COUNTY INSURANCE CAPTIVE, COSHOCTON REGIONAL MEDICAL CENTER, ENCINO HOSPITAL MEDICAL CENTER, GLENDORA COMMUNITY HOSPITAL, HUNTINGTON BEACH HOSPITAL, LA PALMA INTERCOMMUNITY HOSPITAL, LAKE HURON CLINICS, LAKE SPIVEY AMBULATORY SURGERY CARE, LANDMARK MEDICAL CENTER (OPERATING A 214-BED ACUTE CARE HOSPITAL LOCATED IN WOONSOCKET, RHODE ISLAND THROUGH PRIME HEALTHCARE FOUNDATION - LANDMARK, LLC), LANDMARK PHYSICIAN OFFICE SERVICES, MONTCLAIR HOSPITAL MEDICAL CENTER, PAMPA REGIONAL MEDICAL CENTER, PRIME HEALTHCARE REAL ESTATE, LLC, PRIME HEALTHCARE FOUNDATION - EAST LIVERPOOL, PRIME HEALTHCARE FOUNDATION - MISSION, PRIME HEALTHCARE FOUNDATION - OCONEE, PRIME HEALTHCARE FOUNDATION - SALEM, REHABILITATION HOSPITAL OF RHODE ISLAND, RIVER VALLEY PHYSICIANS, SAINT MARY'S RENO FOUNDATION, SHERMAN OAKS HOSPITAL (OPERATING A 153-BED ACUTE CARE HOSPITAL LOCATED IN SHERMAN OAKS, CALIFORNIA THROUGH PRIME HEALTHCARE FOUNDATION - SHERMAN OAKS, LLC), SOUTHERN REGIONAL MEDICAL CENTER (OPERATING A 331-BED ACUTE CARE HOSPITAL LOCATED IN RIVERDALE, GEORGIA THROUGH PRIME HEALTHCARE FOUNDATION - SOUTHERN REGIONAL, LLC), SOUTHERN REGIONAL MEDICAL GROUP, SUBURBAN COMMUNITY HOSPITAL, AND SUBURBAN COMMUNITY MEDICAL GROUP.

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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 $9,231,573

Program Service Revenue $732,963,508

Investment Income $16,910,189

Other Revenue $17,201,936

TOTAL REVENUE $776,307,206

Expense Breakdown

Grants Paid $115,386

Salaries & Benefits $393,016,593

Fundraising Expenses $0

Program Expenses $768,399,485

Other Expenses $424,081,833

TOTAL EXPENSES $817,213,812

Year-over-Year Comparison

	2023	2022	Change
Revenue	$776,307,206	$878,520,207	-0.1%
Expenses	$817,213,812	$908,472,262	-0.1%
Net Income	$-40,906,606	$-29,952,055	+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

4931

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

$5,814,649

Total Directors

$16,000

Key Employees

$3,096,945

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM RUH	BOARD MEMBER	1.00	Director	$4,000	$0	$4,000
EUGENE HERNANDEZ	BOARD MEMBER	1.00	Director	$4,000	$0	$4,000
DAVID THORSON	BOARD MEMBER	1.00	Director	$4,000	$0	$4,000
CATHERINE GREEN	BOARD MEMBER	1.00	Director	$4,000	$0	$4,000
KAVITHA BHATIA MD	PRESIDENT/CHAIRMAN	1.00	Officer Director	$0	$0	$0
STEPHANIE D CONN	CEO-COSHOCTON REG. MED. CENTER	40.00	Officer	$276,867	$51,937	$328,804
GERARD D BREEN	CFO-COSHOCTON REG. MED. CENTER	40.00	Officer	$205,302	$30,970	$236,272
LISA J JACKSON	CNO-COSHOCTON REG. MED. CENTER	40.00	Officer	$171,902	$36,304	$208,206
EM V GARCIA	CEO-ENCINO HOSPITAL MED. CENTER	40.00	Officer	$395,270	$30,693	$425,963
PATRICIA S CODY	CNO-HBH	40.00	Officer	$214,731	$17,777	$232,508
ANDREW AGUSTIN	CNO-LPIH	40.00	Officer	$214,306	$28,999	$243,305
MICHAEL R SOUZA	CEO-LMC	40.00	Officer	$436,632	$48,323	$484,955
MARGARET M MACEK	CNO-LMC	40.00	Officer	$255,347	$33,790	$289,137
SCOTT BROWN	CFO-LMC	40.00	Officer	$233,662	$57,074	$290,736
GAIL F AVIADO	CEO-MHMC	40.00	Officer	$447,629	$27,598	$475,227
HAROLD WAY	CFO-MHMC	40.00	Officer	$368,821	$56,781	$425,602
JANAYA BEENE-EGGERT	CNO-MHMC	40.00	Officer	$171,057	$23,626	$194,683
JONATHAN S GILL	CEO-PRMC	40.00	Officer	$260,196	$35,383	$295,579
KRIS VIGIL	CNO-PRMC	40.00	Officer	$178,261	$23,077	$201,338
JAMES M BACON	CFO-PRMC (END 4/23)	40.00	Officer	$68,311	$8,158	$76,469
RICHARD JACK D PIERCE	CFO-PRMC (END 9/23)	40.00	Officer	$32,696	$523	$33,219
LEE H HOLTER	CFO-PRMC (AS OF 11/23)	40.00	Officer	$20,194	$0	$20,194
ROLAND SANTOS	CNO-SOH	40.00	Officer	$283,690	$51,033	$334,723
ELA C LENA	CEO-SRMC	40.00	Officer	$382,021	$21,420	$403,441
MICHAEL DAVIS	CFO-SRMC (AS OF 2/23)	40.00	Officer	$48,868	$21,542	$93,591
JACQUELINE PESTER-BABCOCK	CNO-SCH	40.00	Officer	$264,558	$41,469	$306,027
JAMES HAZLETT	CNO-SCH	40.00	Officer	$187,525	$27,145	$214,670
STEVE ALEMAN	CFO	1.00	Officer	$0	$0	$0
ABRAHAM JOEL RICHLIN	SECRETARY (END 7/23)	1.00	Officer	$0	$0	$0
MADAN REDDY	TREASURER	1.00	Officer	$0	$0	$0
CHRISTINE M DINAN	REG. DIR. OF HR-COSHOCTON REG. MED. CENTER	40.00	Key Emp	$199,860	$21,951	$221,811
RAQUEL ROMERO	MEDICAL STAFF DIR.-HBH	40.00	Key Emp	$165,576	$29,480	$195,056
ROSANNE K MAEHARA	NURSING DIR.-LPIH	40.00	Key Emp	$170,060	$30,805	$200,865
GLENN FORT	GME PROGRAM DIRECTOR-LMC	30.00	Key Emp	$249,811	$24,273	$274,084
ERIC LACHANCE	REG. RADIOLOGY/CARDIOLOGY DIR.-LMC	40.00	Key Emp	$186,185	$44,467	$230,652
VICTORIA REIS SAVARD	NURSING DIR.-LMC	40.00	Key Emp	$155,220	$36,657	$191,877
CLAUDIA FOTZEU TOUKAM	GME PROGRAM DIRECTOR-SRMC	40.00	Key Emp	$282,334	$15,517	$297,851
JANIE HINTON	NURSING DIR.-SRMC	40.00	Key Emp	$235,176	$51,692	$286,868
DARRA EDWARDS	340B PROGRAM DIRECTOR-SRMC	40.00	Key Emp	$189,544	$50,698	$240,242
CHRISTINE EMMANUEL	NURSING DIR.-SRMC	40.00	Key Emp	$163,416	$24,228	$187,644
MIRIAM HOGAN	DEPUTY GENERAL COUNSEL-SCH	40.00	Key Emp	$317,297	$35,165	$352,462
SHAILY PATEL	REG. DATA QUALITY DIR.-SCH	40.00	Key Emp	$188,960	$32,716	$221,676
KEVIN CARRION	DIR. OF HR-SCH	40.00	Key Emp	$155,150	$40,707	$195,857
AHMED NADEEM	PHYSICIAN-LMC	40.00	Highest	$617,050	$50,597	$667,647
WAJAHAT FAHEEM	PHYSICIAN-LMC	40.00	Highest	$561,481	$53,123	$614,604
BETHANY WORTMAN	PHYSICIAN-LMC	40.00	Highest	$559,537	$40,247	$599,784
JAMES DALLIS	PHYSICIAN-SRMC	40.00	Highest	$494,244	$53,755	$547,999
HISHAM KHADR	PHYSICIAN-SUBURBAN	36.00	Highest	$613,505	$55,897	$669,402

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	$776,307,206	$817,213,812	$1,847,681,418	$-40,906,606
2022	$878,520,207	$908,472,262	$2,028,549,202	$-29,952,055
2021	$1,032,575,834	$945,068,853	$2,068,451,120	$87,506,981
2020	$990,033,576	$898,079,659	$1,893,168,414	$91,953,917
2019	$1,010,162,632	$1,029,779,571	$1,512,022,845	$-19,616,939
2018	$1,040,323,477	$1,044,578,831	$1,432,597,735	$-4,255,354
2017	$1,045,677,196	$1,036,258,814	$1,166,218,167	$9,418,382