WELLSPAN HEALTH CARE SERVICES (EIN 232400237) - 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

1986

Legal Domicile

Principal Officer

ROXANNA GAPSTUR

Phone

7178513055

Tax Period

2024-07-01 to 2025-06-30

WELLSPAN HEALTH CARE SERVICES, founded in 1986, is a mid-sized nonprofit in the Health Care sector that reported $46.9M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $51.7M exceeded revenue, resulting in a 10% operating deficit.

Mission

ENGAGE IN HEALTH-RELATED ACTIVITIES TO BENEFIT WELLSPAN AND ITS AFFILIATED ORGANIZATIONS.

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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 $22,597

Program Service Revenue $39,103,852

Investment Income $6,290,654

Other Revenue $1,531,769

TOTAL REVENUE $46,948,872

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $48,614,284

Other Expenses $51,702,157

TOTAL EXPENSES $51,702,157

Year-over-Year Comparison

	2024	2023	Change
Revenue	$46,948,872	$41,855,253	+0.1%
Expenses	$51,702,157	$46,204,482	+0.1%
Net Income	$-4,753,285	$-4,349,229	+0.1%

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

N/A

Employees

N/A

Volunteers

N/A

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

$7,060,475

Total Directors

$8,410,745

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH NOLL	CHAIR, SR VP & CHIEF ADMIN OFFICER	1.00	Officer Director	$0	$53,265	$802,567
ANDREW WALKER	ASST. TREASURER, SVP FIN. & TREASURY	1.00	Officer Director	$0	$35,956	$512,996
VIPUL BHATIA	DIRECTOR (UNTIL JAN. '25)	1.00	Director	$0	$36,507	$582,512
ERIN PICA	DIRECTOR (UNTIL JAN. '25)	1.00	Director	$0	$53,768	$437,635
KEITH SMITH	ASST. SEC, SVP & CHIEF LEGAL OFFICER	1.00	Officer Director	$0	$47,703	$457,178
KASEY PAULUS	VICE CHAIR, EXECUTIVE VP & COO	1.00	Officer Director	$0	$53,983	$702,583
RUSSELL ALBERT	DIRECTOR	1.00	Director	$0	$41,384	$330,123
ROXANNA GAPSTUR PHD RN	PRESIDENT & CEO - WELLSPAN HEALTH	1.00	Officer Director	$0	$52,133	$3,176,598
LAURA BUCZKOWSKI	EXECUTIVE VP & CFO - WELLSPAN HEALTH	1.00	Officer Director	$0	$53,169	$1,408,553
JOHN SEESE III	SENIOR DIRECTOR - MEDICAL EQUIPMENT	40.00	Highest	$0	$37,661	$212,485
DAWN CALARIO	NURSE MANAGER	40.00	Highest	$0	$24,327	$196,923
MIGUEL LOPEZ	PARAMEDIC	40.00	Highest	$0	$17,283	$182,201
TROY GRO	PARAMEDIC	40.00	Highest	$0	$29,111	$206,945
ANDREW STEWARD	PARAMEDIC	40.00	Highest	$0	$31,508	$196,404

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	$46,948,872	$51,702,157	$57,094,773	$-4,753,285
2024	$41,855,253	$46,204,482	$77,089,135	$-4,349,229
2023	$37,955,873	$35,167,109	$64,465,540	$2,788,764
2022	$24,633,762	$20,951,117	$58,263,390	$3,682,645
2021	$16,698,867	$13,939,924	$27,111,355	$2,758,943
2020	$14,443,369	$13,591,338	$20,508,247	$852,031
2019	$13,212,977	$12,495,643	$19,778,103	$717,334
2018	$10,206,623	$11,979,436	$19,970,293	$-1,772,813

WELLSPAN HEALTH CARE SERVICES