LEGACY HEALTH (EIN 237426300) - 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

1970

Legal Domicile

Principal Officer

GEORGE J BROWN

Phone

5034155600

Tax Period

2024-04-01 to 2025-03-31

LEGACY HEALTH, founded in 1970, is a major nonprofit in the Health Care sector that reported $423.2M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $409.8M left a modest 3% surplus.

Mission

Legacy is a unique health care system founded on the tradition and values of community health care organizations, the healing ministries of the Lutheran and Episcopal Churches and community physicians who provide dedicated health services with care, compassion and excellence.

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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 $1,841,642

Program Service Revenue $128,570,835

Investment Income $293,417,029

Other Revenue $-644,011

TOTAL REVENUE $423,185,495

Expense Breakdown

Grants Paid $2,277,378

Salaries & Benefits $206,146,154

Fundraising Expenses $0

Program Expenses $406,208,363

Other Expenses $201,335,358

TOTAL EXPENSES $409,758,890

Year-over-Year Comparison

	2024	2023	Change
Revenue	$423,185,495	$506,621,155	-0.2%
Expenses	$409,758,890	$344,064,741	+0.2%
Net Income	$13,426,605	$162,556,414	-0.9%

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

17705

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

$6,645,300

Total Directors

$8,476,105

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN CORREIA	President & CEO	40.00	Officer Director	$2,705,141	$79,606	$2,784,747
GEORGE J BROWN MD	President & CEO	40.00	Officer Director	$1,651,162	$3,556	$1,654,718
ANITA IYENGER	SR VP	40.00		$1,169,083	$120,472	$1,289,555
JONATHAN AVERY	SR VP	40.00		$1,150,440	$128,988	$1,279,428
MELINDA MULLER MD	SR VP	40.00		$907,933	$96,202	$1,004,135
NATHALIE G JOHNSON MD	BOARD DIRECTOR	3.00	Director	$0	$35,423	$935,176
JOHN J KENAGY	SR VP	40.00		$795,521	$92,243	$887,764
CRAIG R ARMSTRONG	Secretary	40.00	Officer Director	$816,213	$51,743	$867,956
ANNA LOOMIS	CFO & TREASURER	40.00	Officer Director	$782,656	$28,749	$811,405
LISA GOREN	SR VP	40.00		$665,547	$91,904	$757,451
KECIA KELLY	SR VP	40.00		$658,381	$77,037	$735,418
MAUREEN A BRADLEY	SR VP	40.00		$617,551	$75,167	$692,718
JOSEPH FRANKHOUSE MD	BOARD DIRECTOR	3.00	Director	$0	$77,614	$686,049
AMY CHAUMETON MD	ASSOCIATE CMO	40.00		$596,021	$48,757	$644,778
SONJA O STEVES	FORMER SR. VP	0.00		$567,286	$47,505	$614,791
MERRIN PERMUT	VP	40.00		$529,133	$72,347	$601,480
JENNIFER LETOURNEAU	VP	40.00		$476,419	$86,280	$562,699
NIKOLAUS KASHEY MD	VP	40.00		$465,388	$80,867	$546,255
GINGER SHARP	VP	40.00		$443,466	$43,868	$487,334
KERRIN E GILLESPIE	CFO	40.00	Officer Director	$486,474	$0	$486,474
KELLEY AURAND	VP	40.00		$406,508	$66,229	$472,737
SARAH JENSEN	VP	40.00		$370,025	$75,608	$445,633
LUDA KAMINSKA	RN	40.00		$415,541	$23,148	$438,689
KAITLIN WALKER	VP	40.00		$403,951	$33,411	$437,362
SETH PODOLSKY MD	FORMER SR. VP	0.00		$341,550	$6,445	$347,995
BRYCE HELGERSON	FORMER SR. VP	0.00		$336,721	$0	$336,721
TRENT GREEN	FORMER SR. VP	0.00		$314,730	$3,679	$318,409
LESLIE ROOT MD	BOARD DIRECTOR	3.00	Director	$0	$1	$52,080
NANCY HORTON	BOARD DIRECTOR	3.00	Director	$25,000	$0	$25,000
NANCY R LOCKE	BOARD DIRECTOR	3.00	Director	$25,000	$0	$25,000
JONATHAN G HILL	FORMER DIRECTOR	0.00		$0	$11,190	$23,828
CHARLES WILHOITE	Chairman	4.00	Officer Director	$22,500	$0	$22,500
DAVID RAMUS	VICE CHAIR	4.00	Officer Director	$17,500	$0	$17,500
PATRICK REITEN	BOARD DIRECTOR	3.00	Director	$15,000	$0	$15,000
JERRY D PETTY	BOARD DIRECTOR	3.00	Director	$15,000	$0	$15,000
SAMIR DESAI MD	BOARD DIRECTOR	3.00	Director	$15,000	$0	$15,000
GAYLE GOSCHIE	BOARD DIRECTOR	3.00	Director	$12,500	$0	$12,500
LYNN T GUST	BOARD DIRECTOR	3.00	Director	$12,500	$0	$12,500
JEFFREY BARBER	BOARD DIRECTOR	3.00	Director	$7,500	$0	$7,500
EDGAR NAVAS	BOARD DIRECTOR	3.00	Director	$7,500	$0	$7,500
LISA WYNN FREEDMAN	BOARD DIRECTOR	3.00	Director	$7,500	$0	$7,500
JACK A FRIEDMAN	BOARD DIRECTOR	3.00	Director	$7,500	$0	$7,500
NASREEN ILIAS-KHAN MD	BOARD DIRECTOR	3.00	Director	$7,500	$0	$7,500
BISHOP DIANA AKIYAMA	BOARD MEMBER	3.00	Director	$0	$0	$0
BISHOP LAURIE LARSON CAESAR	BOARD MEMBER	3.00	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	$423,185,495	$409,758,890	$2,048,100,894	$13,426,605
2024	$506,621,155	$344,064,741	$2,102,803,051	$162,556,414
2023	$256,443,961	$334,704,258	$2,018,803,058	$-78,260,297
2022	$316,347,594	$322,341,283	$2,251,797,785	$-5,993,689
2021	$517,918,656	$238,457,165	$2,145,019,484	$279,461,491
2020	$218,084,012	$257,715,346	$1,584,772,532	$-39,631,334
2019	$285,727,001	$252,495,227	$1,513,327,901	$33,231,774
2018	$267,401,320	$255,444,201	$1,420,270,239	$11,957,119

LEGACY HEALTH