BUTLER HEALTH SYSTEM (EIN 251441855) - 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

1983

Legal Domicile

Principal Officer

KENNETH P DEFURIO

Phone

7242836666

Tax Period

2024-07-01 to 2025-06-30

BUTLER HEALTH SYSTEM, founded in 1983, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 116% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 89% operating margin.

Mission

BUTLER HEALTH SYSTEM, AN AFFILIATE OF INDEPENDENCE HEALTH SYSTEM, WILL BE RECOGNIZED AS THE PREMIER PROVIDER OF HIGH QUALITY, VALUE-DRIVEN AFFORDABLE INTEGRATED CARE IN THE REGION. WE WILL ACHIEVE THIS THROUGH UNWAVERING COMMITMENT TO INDIVIDUAL AND ORGANIZATIONAL EXCELLENCE AND TECHNOLOGICAL INNOVATION.

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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 $0

Program Service Revenue $290,872

Investment Income $48,974

Other Revenue $1,311,454

TOTAL REVENUE $1,651,300

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $187,188

Other Expenses $187,188

TOTAL EXPENSES $187,188

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,651,300	$763,037	+1.2%
Expenses	$187,188	$201,952	-0.1%
Net Income	$1,464,112	$561,085	+1.6%

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

N/A

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

$7,274,672

Total Directors

$4,792,285

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH P DEFURIO	PRESIDENT & CEO	5.00	Officer Director	$0	$23,311	$3,637,924
PAUL BACHARACH	CHAIR	2.00	Officer Director	$0	$0	$0
TIMOTHY MORGUS	VICE CHAIR	4.00	Officer Director	$0	$0	$0
PATRICK HAMPSON	SECRETARY (UNTIL 12/17/24)	2.00	Officer Director	$0	$0	$0
JEFFREY CURRY	TREASURER	2.00	Officer Director	$0	$0	$0
ANIE PERARD MD	TRUSTEE (UNTIL 12/31/24)/PHYSICIAN	2.00	Director	$0	$15,460	$356,709
JOHN REEFER MD	TRUSTEE	2.00	Director	$0	$0	$0
LARRY RICHERT	SECRETARY	2.00	Officer Director	$0	$0	$0
JAMES ADISEY MD	TRUSTEE/PHYSICIAN	2.00	Director	$0	$32,146	$797,652
TERESA PETRICK	TRUSTEE	2.00	Director	$0	$0	$0
JOHN SPHON	TRUSTEE	2.00	Director	$0	$0	$0
DEBRA THOMPSON PHD RN	TRUSTEE	2.00	Director	$0	$0	$0
DAVID ROTTINGHAUS	PHYSICIAN & PROVIDER NETWORK PRESIDENT	5.00	Officer	$0	$25,189	$738,371
KAREN ALLEN	PRESIDENT, BUTLER MEMORIAL & CLARION HOSPITALS	5.00	Officer	$0	$25,189	$574,055
THOMAS GENEVRO	CHIEF HUMAN RESOURCES OFFICERS	5.00	Officer	$0	$15,295	$486,115
ROGER LUTZ	CHIEF INFORMATION OFFICER	5.00	Officer	$0	$25,503	$438,353
THOMAS S ALBANESI JR CPA	CHIEF FINANCIAL OFFICER	5.00	Officer	$0	$37,722	$701,572
CAROL J FOX MD	CHIEF MEDICAL OFFICER	5.00	Officer	$0	$23,135	$698,282
ERIC HUSS	FORMER CHIEF FINANCIAL OFFICER	0.00		$0	$0	$100,800

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	$1,651,300	$187,188	$21,289,122	$1,464,112
2024	$763,037	$201,952	$29,656,096	$561,085
2023	$453,813	$1,898,739	$22,134,171	$-1,444,926
2022	$5,641,564	$2,293,256	$22,012,336	$3,348,308
2021	$4,751,160	$195,302	$17,639,181	$4,555,858
2020	$7,466,116	$218,579	$11,226,775	$7,247,537
2019	$293,491	$1,312,607	$2,847,758	$-1,019,116
2018	$293,492	$896,112	$2,693,874	$-602,620

BUTLER HEALTH SYSTEM