NIXSAR CORPORATION (EIN 251441960) - 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

7242844166

Tax Period

2022-07-01 to 2023-06-30

NIXSAR CORPORATION, founded in 1983, is a community nonprofit in the Health Care sector that reported $1.4M in total revenue in fiscal year 2022. Revenue decreased 13% compared to the prior year. Expenses of $2.7M exceeded revenue, resulting in a 89% operating deficit.

Mission

SUPPORT BUTLER HEALTH SYSTEM AND ITS SUBSIDIARIES THAT INCLUDES BUTLER HEALTHCARE PROVIDERS BY OWNING AND LEASING REAL ESTATE ASSETS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,412,717

Investment Income $30,577

Other Revenue $0

TOTAL REVENUE $1,443,294

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,726,165

Other Expenses $2,726,165

TOTAL EXPENSES $2,726,165

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,443,294	$1,667,959	-0.1%
Expenses	$2,726,165	$3,390,186	-0.2%
Net Income	$-1,282,871	$-1,722,227	-0.3%

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

$3,278,794

Total Directors

$2,368,395

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH P DEFURIO	PRESIDENT & CEO	1.0	Officer Director	$0	$284,894	$1,300,600
KAREN ALLEN	PRESIDENT OF BMH/CLA	1.0	Officer	$0	$80,552	$486,916
THOMAS GENEVRO	CHAIR	1.0	Officer Director	$0	$80,561	$483,881
ERIC HUSS LEFT 123	CHIEF FINANCIAL OFFICER	1.0	Officer	$0	$48,177	$423,483
HILLARY HARLAN	SECRETARY	1.0	Officer Director	$0	$44,937	$399,402
JUSTIN MCCARTHY	TREASURER	1.0	Officer Director	$0	$6,368	$184,512
THOMAS ALBANESI START 123	CHIEF FINANCIAL OFFICER	1.0	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,443,294	$2,726,165	$32,360,139	$-1,282,871
2022	$1,667,959	$3,390,186	$32,488,381	$-1,722,227
2021	$1,398,427	$2,833,135	$21,072,411	$-1,434,708
2020	$1,226,050	$2,927,852	$22,506,541	$-1,701,802
2019	$1,386,170	$2,894,687	$24,216,845	$-1,508,517
2018	$1,392,227	$3,097,935	$25,716,840	$-1,705,708

NIXSAR CORPORATION