TOWER HEALTH (EIN 232201344) - 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

1982

Legal Domicile

Principal Officer

P SUE PERROTTY

Phone

4846284307

Tax Period

2022-07-01 to 2023-06-30

TOWER HEALTH, founded in 1982, is a major nonprofit in the Health Care sector that reported $531.6M in total revenue in fiscal year 2022. Revenue decreased 13% compared to the prior year. Expenses of $619.8M exceeded revenue, resulting in a 17% operating deficit.

Mission

THE MISSION OF TOWER HEALTH IS TO PROVIDE COMPASSIONATE, ACCESSIBLE, HIGH QUALITY, COST EFFECTIVE HEALTHCARE TO THE COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,104,877

Program Service Revenue $418,465,699

Investment Income $84,093,302

Other Revenue $26,907,925

TOTAL REVENUE $531,571,803

Expense Breakdown

Grants Paid $0

Salaries & Benefits $243,467,772

Fundraising Expenses $0

Program Expenses $497,701,801

Other Expenses $376,302,932

TOTAL EXPENSES $619,770,704

Year-over-Year Comparison

	2022	2021	Change
Revenue	$531,571,803	$611,657,602	-0.1%
Expenses	$619,770,704	$741,567,482	-0.2%
Net Income	$-88,198,901	$-129,909,880	-0.3%

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

4985

Volunteers

121

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

$1,788,356

Total Directors

$900,000

Key Employees

$6,239,795

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THERESE SUCHER	FORMER EVP C	50.00		$0	$23,468	$1,842,443
CLINT MATTHEWS	FORMER PRES/	50.00		$0	$11,881	$1,408,968
DAN AHERN	EVP BUSINESS	50.00	Key Emp	$0	$206,243	$1,225,642
SUZANNE WENDEROTH MD	EVP/CMO TOWE	50.00	Key Emp	$0	$203,065	$1,044,163
P SUE PERROTTY	CEO TOWER HE	50.00	Officer Director	$0	$0	$900,000
MARY AGNEW	SVP CNO TERM	50.00	Key Emp	$0	$23,454	$814,768
ROBERT EHINGER	BOARD TREASU	25.00	Officer	$0	$89,686	$763,149
RICHARD T NEWELL JR	CEO PHOEN/PO	50.00	Key Emp	$495,987	$100,570	$596,557
JOHN CACCIAMANI	FORMER CEO C	50.00	Key Emp	$483,687	$98,491	$582,178
STEPHEN TULLMAN	FORMER CEO P	50.00		$556,765	$23,291	$580,056
MARK MCNASH	SVP SUPPORT	50.00	Key Emp	$0	$78,656	$515,573
MIKE EESLEY	CFO TH 6/22	50.00	Key Emp	$0	$11,282	$508,070
JOHN CASEY MD	CEO THP	50.00	Key Emp	$376,974	$62,878	$439,852
RICHARD MCLAUGHLIN	VP CMO POTTS	50.00	Highest	$392,172	$36,973	$429,145
ROBERT MCMURTRIE	VP CMO PHOEN	50.00	Highest	$376,668	$29,388	$406,056
JOHN SCANLON	VP CMO CHEST	50.00	Highest	$278,902	$27,132	$306,034
SANDRA CRABTREE	VP CNO PHOEN	50.00	Highest	$254,698	$22,770	$277,468
MICHAEL SZYMANSKI	VP CFO PHOEN	50.00	Key Emp	$243,250	$13,314	$256,564
MICHAEL STERN	COO TH 9/22	50.00	Key Emp	$0	$10,124	$256,428
ANN BLANKENHORN	VP CNO POTTS	50.00	Highest	$164,038	$5,349	$169,387
GARY F CONNER	FORMER EVP C	50.00		$0	$2,970	$134,176
TRACY DRUCKENMILLER	BOARD SECRET	38.00	Officer	$0	$19,532	$125,207
SEAN O'CONNELL	FORMER TREAS	48.00		$0	$0	$103,052
BARBARA ARNER	BOARD MEMBER	2.00	Director	$0	$0	$0
THEODORE AUMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
JIM BOSCOV	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ANGEL HELM	BOARD MEMBER	2.00	Director	$0	$0	$0
MARY KARGBO	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS G KRARAS	BOARD MEMBER	2.00	Director	$0	$0	$0
BRENT WAGNER MD	BOARD MEMBER	2.00	Director	$0	$0	$0
PETE MOLINARO	BOARD MEMBER	2.00	Director	$0	$0	$0
MEG MUELLER	CHAIR	2.00	Officer Director	$0	$0	$0
KAREN RIGHTMIRE	BOARD MEMBER	2.00	Director	$0	$0	$0
WILLIAM P THORNTON	BOARD MEMBER	2.00	Director	$0	$0	$0
DOUG TIEMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
C THOMAS WORK	BOARD MEMBER	2.00	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	No data	No data	No data	No data
2023	$531,571,803	$619,770,704	$1,705,834,972	$-88,198,901
2022	$611,657,602	$741,567,482	$1,615,200,431	$-129,909,880
2021	$562,187,138	$741,697,972	$1,567,530,050	$-179,510,834
2020	$534,049,241	$742,766,413	$1,916,208,118	$-208,717,172
2019	$599,341,349	$695,383,340	$1,785,046,902	$-96,041,991
2018	$603,474,938	$476,337,839	$2,024,107,424	$127,137,099

TOWER HEALTH