SATELLITE HEALTHCARE INC

EIN: 237290564 501(c)(3) Health Care

MILPITAS, CA

Total Revenue
$91,828,804
Total Expenses
$76,407,709
Total Assets
$138,745,619
Net Assets
$70,134,716
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
CA
Principal Officer
CHRISTOBEL SELECKY
Phone
6504043600
Tax Period
2024-01-01 to 2024-12-31

SATELLITE HEALTHCARE INC, founded in 1973, is a mid-sized nonprofit in the Health Care sector that reported $91.8M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $15.4M, a strong 17% operating margin.

Mission

SINCE 1973, THE MISSION HAS BEEN TO MAKE LIFE BETTER FOR THOSE WITH KIDNEY DISEASE BY SUPPORTING RESEARCH, PROVIDING EDUCATION, AND ENSURING ACCESS TO CARE FOR THOSE AFFECTED.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $27,891,338
Investment Income $63,468,263
Other Revenue $469,203
TOTAL REVENUE $91,828,804

Expense Breakdown

Grants Paid $174,643
Salaries & Benefits $21,340,138
Fundraising Expenses $0
Program Expenses $26,914,182
Other Expenses $54,892,928
TOTAL EXPENSES $76,407,709

Year-over-Year Comparison

2024 2023 Change
Revenue $91,828,804 $134,662,306 -0.3%
Expenses $76,407,709 $278,849,211 -0.7%
Net Income $15,421,095 $-144,186,905 -1.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
2607
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
6
$24,999
Total Directors
8
$262,499
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS WILLIAMS DIRECTOR & INTERIM CEO (THRU 3/24) 40.00
Director
$103,827 $2,423 $106,250
CHRISTOBEL SELECKY DIRECTOR & PRESIDENT 3.00
Officer Director
$24,999 $0 $24,999
GLEN CHERTOW DIRECTOR 3.00
Director
$24,999 $0 $24,999
LUIS ALVAREZ DIRECTOR (THRU 6/24) 3.00
Director
$27,501 $0 $27,501
ELIZABETH BURR DIRECTOR (THRU 6/24) 3.00
Director
$22,500 $0 $22,500
SARAH BLANCHARD DIRECTOR (THRU 6/24) 3.00
Director
$24,999 $0 $24,999
JOHN PANETTA DIRECTOR (THRU 6/24) 3.00
Director
$0 $0 $0
ROBERT FAHLMAN DIRECTOR (THRU 6/24) 3.00
Director
$31,251 $0 $31,251
MARK CAPUTO MANAGER & SPECIAL ADVISORY TO CEO 40.00
Officer
$0 $0 $0
MARY DITTRICH CHIEF MEDICAL OFFICER 40.00
Officer
$0 $0 $0
RYAN PARDO GENERAL COUNSEL & SECRETARY 40.00
Officer
$0 $0 $0
STEVE SPRINGER SVP OF FINANCE 40.00
Officer
$0 $0 $0
MEREDITH HUGO SVP/CAO 40.00
Officer
$0 $0 $0
HUSSEIN WAEL CMO - RESEARCH (THRU 1/24) 40.00
Highest
$312,250 $1,647 $313,897
SREEKANTH KAMOJJALA CHIEF TECHNOLOGY OFFICER (THRU 4/24) 40.00
Highest
$379,547 $5,661 $385,208
BRIGITTE SCHILLER MORAN FORMER CHIEF MEDICAL OFFICER 0.00
$135,081 $0 $135,081
BERNADETTE N VINCENT FORMER COO 0.00
$433,031 $0 $433,031
KEN J LEIDNER FORMER CHIEF GROWTH OFFICER 0.00
$150,000 $0 $150,000
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 $91,828,804 $76,407,709 $138,745,619 $15,421,095
2023 $134,662,306 $278,849,211 $390,135,239 $-144,186,905
2022 $182,983,874 $304,278,546 $530,400,810 $-121,294,672
2021 $281,086,278 $264,359,129 $555,073,330 $16,727,149
2020 $247,159,480 $274,896,735 $536,529,201 $-27,737,255
2019 $268,601,884 $285,227,313 $522,532,090 $-16,625,429
2018 $254,701,518 $276,044,692 $493,269,228 $-21,343,174
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