Pasco-Pinellas Hillsborough Community Health System Inc (EIN 208488713) - 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

2007

Legal Domicile

Principal Officer

Erik Wangsness

Phone

8139295000

Tax Period

2023-01-01 to 2023-12-31

Pasco-Pinellas Hillsborough Community Health System Inc, founded in 2007, is a major nonprofit in the Health Care sector that reported $418.6M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $84.7M, a strong 20% operating margin.

Mission

The provision of medical care to the community through the operation of a 169 bed hospital.

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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 $123,237

Program Service Revenue $415,615,298

Investment Income $2,900,799

Other Revenue $-1,148

TOTAL REVENUE $418,638,186

Expense Breakdown

Grants Paid $782,331

Salaries & Benefits $148,032,879

Fundraising Expenses $0

Program Expenses $310,467,799

Other Expenses $185,108,162

TOTAL EXPENSES $333,923,372

Year-over-Year Comparison

	2023	2022	Change
Revenue	$418,638,186	$370,470,636	+0.1%
Expenses	$333,923,372	$299,697,657	+0.1%
Net Income	$84,714,814	$70,772,979	+0.2%

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

2063

Volunteers

116

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

$1,513,212

Total Directors

$3,310,825

Key Employees

$863,411

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer Wandersleben	Dir/Chair/CEO Heartland Region	11.50	Director	$0	$161,468	$1,381,811
Joel Johnson	Director/CEO Carrollwood	0.23	Director	$0	$88,029	$1,085,530
Erik Wangsness	Director/CEO	50.00	Officer Director	$0	$94,431	$831,150
Norman Stein	Director	0.23	Director	$3,957	$0	$4,264
Davina Jones	Director	0.23	Director	$614	$0	$614
Fred Edmister	Director	0.23	Director	$614	$0	$614
Todd Johnson	Director	0.23	Director	$614	$0	$614
Brian Phillpots MD	Director	0.23	Director	$614	$0	$614
Brian McVay DO	Director /Chief of Staff (beg 1/23)	0.87	Director	$5,614	$0	$5,614
Jonathan Fisher	CFO	50.00	Officer	$0	$97,877	$682,062
Dawn Hicks-Waldron	CNO	50.00	Key Emp	$0	$46,038	$384,409
Robert Rosequist MD	CMO	25.00	Key Emp	$0	$58,279	$479,002
Johane Gagnon	RN House Supervisor	65.33	Highest	$269,936	$33,164	$303,100
Holley Bush	Pharmacy Director	41.54	Highest	$224,768	$23,549	$248,317
Cynthia Rowell	AVP Nursing	35.38	Highest	$179,662	$33,017	$235,983
Courtney Lynn Adams	AVP Surgical Services	41.54	Highest	$187,179	$37,425	$224,604
John Crouch	Exec Dir of Facilities	41.54	Highest	$182,340	$27,215	$209,555
Denyse Bales-Chubb	Former Officer	0.00		$0	$144,265	$991,766
Bruce Bergherm	Former Officer	0.00		$0	$36,935	$1,701,501
Dima Didenko	Former Officer	5.50		$0	$152,149	$1,082,929
Michael Schultz	Former Officer	0.00		$0	$0	$228,763
Tyson Davis	Former Officer	0.00		$0	$83,497	$574,602
Ryan Quattlebaum	Former Officer	0.00		$0	$98,758	$516,036
Robin McGuinness	Former Key Employee	5.50		$0	$72,958	$724,095

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	$418,638,186	$333,923,372	$510,191,601	$84,714,814
2022	$370,470,636	$299,697,657	$514,029,653	$70,772,979
2021	$369,233,182	$276,805,386	$576,155,358	$92,427,796
2020	$286,188,077	$222,041,266	$501,854,422	$64,146,811
2019	$266,376,815	$195,113,958	$420,012,464	$71,262,857
2018	$239,336,893	$178,474,661	$385,212,062	$60,862,232

Pasco-Pinellas Hillsborough Community Health System Inc