SPECTRUM HEALTH SERVICES INC (EIN 231686225) - 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

1967

Legal Domicile

Principal Officer

VERONICA HILL-MILBOURNE

Phone

2154712761

Tax Period

2024-07-01 to 2025-06-30

SPECTRUM HEALTH SERVICES INC, founded in 1967, is a mid-sized nonprofit in the Health Care sector that reported $26.7M in total revenue in fiscal year 2024.

Mission

TO BE A LEADER IN THE DELIVERY OF PRIMARY CARE SERVICES AND ACCESS TO SPECIALTY CARE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,879,581

Program Service Revenue $23,062,283

Investment Income $48,410

Other Revenue $-309,795

TOTAL REVENUE $26,680,479

Expense Breakdown

Grants Paid $1,000,000

Salaries & Benefits $13,572,446

Fundraising Expenses $0

Program Expenses $23,140,179

Other Expenses $13,853,584

TOTAL EXPENSES $28,426,030

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,680,479	$26,992,023	0.0%
Expenses	$28,426,030	$25,739,264	+0.1%
Net Income	$-1,745,551	$1,252,759	-2.4%

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

153

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

$924,304

Total Directors

Key Employees

$1,155,893

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSELYNNE JONES CELESTINE MED MS	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
GEORGE CLARK REV	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
M PRESTON HAWKINS	BOARD MEMBER/TREASURER	1.00	Officer Director	$0	$0	$0
DENISE CLAYTON	BOARD MEMBER/SECRETARY	1.00	Officer Director	$0	$0	$0
WILKES PIERCE	BOARD MEMBER	1.00	Director	$0	$0	$0
TISH MITRENTSIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ZIPPORAH RIDLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
HARRY KIRBY	BOARD MEMBER	1.00	Director	$0	$0	$0
DARLENE ROBINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL DILORENZO	BOARD MEMBER	1.00	Director	$0	$0	$0
DR KIM W MAY MD	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMILA ROBINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TITUS KNOX	BOARD MEMBER	1.00	Director	$0	$0	$0
SAMUEL OSIRIM	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DR MARK THOMAS PHD	BOARD MEMBER/SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN A BORDEN SR	BOARD MEMBER (UNTIL 7/24)	1.00	Director	$0	$0	$0
OKSANA CHUBOK	BOARD MEMBER (UNTIL 7/24)	1.00	Director	$0	$0	$0
YUBELKIS FERNANDEZ	BOARD MEMBER (UNTIL 1/25)	1.00	Director	$0	$0	$0
ANTHONY FLUELLEN	BOARD MEMBER (UNTIL 11/25)	1.00	Director	$0	$0	$0
MICHAEL JOHNS	BOARD MEMBER (UNTIL 1/25)	1.00	Director	$0	$0	$0
FREDERICK KINGLEE II	CHAIR (UNTIL 7/24)	1.00	Officer Director	$0	$0	$0
VERONICA HILL-MILBOURNE	PRESIDENT & CEO	40.00	Officer	$377,802	$24,738	$402,540
KAREN L GRAVES	CFO (UNTIL 7/25)	40.00	Officer	$253,429	$14,054	$267,483
THERESA J BAUGH	CHIEF OPERATIONS OFFICER	40.00	Officer	$253,516	$765	$254,281
GABRIEL SAMBO	CFO (AS OF 7/25)	40.00	Officer	$0	$0	$0
JOANNE BRICE	CHIEF MEDICAL OFFICER	40.00	Key Emp	$306,992	$16,200	$323,192
EVEROD COLEMAN JR	CHIEF DENTAL OFFICER	40.00	Key Emp	$198,732	$11,036	$209,768
JENNIFER KELLY	CHIEF HUMAN RESOURCES OFFICER	40.00	Key Emp	$187,748	$10,035	$197,783
ERIC RIOS	CHIEF INFORMATION OFFICER	40.00	Key Emp	$212,915	$11,099	$224,014
SHAWNA RUSSELL-YOUNG	CHIEF COMPLIANCE & PRIVACY OFFICER	40.00	Key Emp	$188,427	$12,709	$201,136
JEFFREY DUNBAR MD	PHYSICIAN	40.00	Highest	$204,278	$8,468	$212,746
HEBA ELGHALBAN	PHYSICIAN	40.00	Highest	$165,057	$0	$165,057
MYRON L SEWELL	PHYSICIAN	40.00	Highest	$190,776	$2,231	$193,007
ELKAN LINN	PHYSICIAN	40.00	Highest	$138,745	$0	$138,745
TAN NGUYEN	NURSE PRACTITIONER	40.00	Highest	$137,762	$3,891	$141,653

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	$26,680,479	$28,426,030	$35,332,311	$-1,745,551
2024	$26,992,023	$25,739,264	$37,840,036	$1,252,759
2023	$25,088,999	$22,127,331	$36,546,670	$2,961,668
2022	$25,530,659	$19,214,363	$25,454,080	$6,316,296
2021	$22,165,615	$17,697,041	$21,459,031	$4,468,574
2020	$17,683,542	$15,249,031	$18,289,271	$2,434,511
2020	$16,992,069	$15,579,742	$18,041,469	$1,412,327
2019	$12,506,621	$13,574,545	$14,835,553	$-1,067,924
2018	$12,655,875	$10,446,744	$15,810,731	$2,209,131

SPECTRUM HEALTH SERVICES INC