Lamprey Health Care Inc (EIN 237305106) - 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

1971

Legal Domicile

Principal Officer

Gregory White

Phone

6036592494

Tax Period

2023-10-01 to 2024-09-30

Lamprey Health Care Inc, founded in 1971, is a mid-sized nonprofit in the Health Care sector that reported $24.7M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

The mission of Lamprey Health Care, Inc. is to provide high quality primary medical care and health related services, with an emphasis on prevention and lifestyle management, to all individuals regardless of ability to pay.

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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 $10,264,276

Program Service Revenue $14,287,811

Investment Income $52,330

Other Revenue $121,291

TOTAL REVENUE $24,725,708

Expense Breakdown

Grants Paid $399,851

Salaries & Benefits $16,115,676

Fundraising Expenses $0

Program Expenses $20,649,488

Other Expenses $8,507,564

TOTAL EXPENSES $25,023,091

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,725,708	$22,231,498	+0.1%
Expenses	$25,023,091	$22,880,990	+0.1%
Net Income	$-297,383	$-649,492	-0.5%

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

247

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

$646,255

Total Directors

Key Employees

$285,867

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Raymond Goodman	President	1.00	Officer Director	$0	$0	$0
Andrea Laskey	Vice President	1.00	Officer Director	$0	$0	$0
James Brewer	Treasurer	1.00	Officer Director	$0	$0	$0
Todd Hathaway	Secretary	1.00	Officer Director	$0	$0	$0
Audrey Ashton-Savage	Board Member	1.00	Director	$0	$0	$0
Michelle Boom	Board Member	1.00	Director	$0	$0	$0
Sarah Cronin	Board Member	1.00	Director	$0	$0	$0
T Christopher Drew	Board Member	1.00	Director	$0	$0	$0
Jane Goodman	Board Member	1.00	Director	$0	$0	$0
Frank Goodspeed	Board Member	1.00	Director	$0	$0	$0
Susan Dorothy Hilchey	Board Member	1.00	Director	$0	$0	$0
Carol LaCross	Board Member	1.00	Director	$0	$0	$0
Colin T McHugh	Board Member	1.00	Director	$0	$0	$0
John G Prieto	Board Member	1.00	Director	$0	$0	$0
Arvind Ranade	Board Member	1.00	Director	$0	$0	$0
Jim Ryan	Board Member	1.00	Director	$0	$0	$0
Erika Farrell Taylor	Board Member	1.00	Director	$0	$0	$0
Mark Whitney	Board Member	1.00	Director	$0	$0	$0
Wilberto Torres	Past Board Member	1.00	Director	$0	$0	$0
Laura Valencia	Past Secretary	1.00	Officer Director	$0	$0	$0
Gregory White	Co-CEO	40.00	Officer	$226,176	$9,982	$236,158
Sue Durkin	Co-CEO	40.00	Officer	$160,235	$44,546	$204,781
Elidoro Primero	Past CFO	40.00	Officer	$161,827	$43,489	$205,316
Vasuki Nagaraj	Chief Medical Officer	40.00	Key Emp	$275,262	$10,605	$285,867
Vidhi Jadeja	Physician	26.00	Highest	$230,248	$9,176	$239,424
Kathryn Ruvolo	Physician	29.00	Highest	$228,782	$15,960	$244,742
Saira Tekelenburg	Physician	29.00	Highest	$228,079	$11,784	$239,863
Kathryn Bonafede	Physician	15.50	Highest	$227,907	$9,963	$237,870
Boyd Tamanaha	Physician	29.00	Highest	$225,237	$36,889	$262,126

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	$24,725,708	$25,023,091	$15,912,625	$-297,383
2023	$22,231,498	$22,880,990	$14,564,305	$-649,492
2022	$21,306,910	$21,010,067	$14,877,669	$296,843
2021	$20,633,435	$19,361,651	$14,822,955	$1,271,784
2020	$18,419,645	$17,486,453	$13,511,466	$933,192
2019	$16,812,651	$17,015,754	$11,152,292	$-203,103
2018	$15,467,654	$15,823,308	$11,129,403	$-355,654

Lamprey Health Care Inc