BUTLER MEDICAL PROVIDERS (EIN 251441961) - 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

2024-07-01 to 2025-06-30

BUTLER MEDICAL PROVIDERS, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $97.1M in total revenue in fiscal year 2024. Expenses of $149.0M exceeded revenue, resulting in a 53% operating deficit.

Mission

BUTLER MEDICAL PROVIDERS, 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 $95,366,842

Investment Income $81,562

Other Revenue $1,669,143

TOTAL REVENUE $97,117,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,772,396

Fundraising Expenses $0

Program Expenses $129,625,471

Other Expenses $41,225,820

TOTAL EXPENSES $148,998,216

Year-over-Year Comparison

	2024	2023	Change
Revenue	$97,117,547	$93,170,309	+0.0%
Expenses	$148,998,216	$148,017,924	+0.0%
Net Income	$-51,880,669	$-54,847,615	-0.1%

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

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

866

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

$6,088,871

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	10.00	Officer Director	$0	$23,311	$3,637,924
PAUL BACHARACH	CHAIR	1.00	Officer Director	$0	$0	$0
TIMOTHY MORGUS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PATRICK HAMPSON	SECRETARY (UNTIL 12/17/24)	1.00	Officer Director	$0	$0	$0
JEFFREY CURRY	TREASURER	1.00	Officer Director	$0	$0	$0
ANIE PERARD MD	TRUSTEE (UNTIL 12/31/24)/PHYSICIAN	50.00	Director	$341,249	$15,460	$356,709
JOHN REEFER MD	TRUSTEE	1.00	Director	$0	$0	$0
LARRY RICHERT	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES ADISEY MD	TRUSTEE/PHYSICIAN	1.00	Director	$0	$32,146	$797,652
TERESA PETRICK	TRUSTEE	1.00	Director	$0	$0	$0
JOHN SPHON	TRUSTEE	1.00	Director	$0	$0	$0
DEBRA THOMPSON PHD RN	TRUSTEE	1.00	Director	$0	$0	$0
KAREN ALLEN	PRESIDENT, BUTLER MEMORIAL & CLARION HOSPITALS	2.00	Officer	$0	$25,189	$574,055
THOMAS S ALBANESI JR CPA	CHIEF FINANCIAL OFFICER	10.00	Officer	$0	$37,722	$701,572
DAVID M ROTTINGHAUS MD	PRESIDENT PHYS NETWORK	40.00	Officer	$0	$25,189	$738,371
WILLIAM S MADDEN	COO, PHYSICIAN NETWORK	40.00	Officer	$0	$7,388	$436,949
DAVID COWAN MD	PHYSICIAN	40.00	Highest	$1,234,404	$299	$1,234,703
GEORGE DAVLIAKOS MD	PHYSICIAN	40.00	Highest	$991,060	$19,302	$1,010,362
DINESH BHASKARAN MD	PHYSICIAN	40.00	Highest	$904,547	$19,302	$923,849
GREGORY FRANCKEN MD	PHYSICIAN	40.00	Highest	$777,936	$6,354	$784,290
DONALD WALTERS MD	PHYSICIAN	40.00	Highest	$774,778	$19,902	$794,680
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	$97,117,547	$148,998,216	$43,064,968	$-51,880,669
2024	$93,170,309	$148,017,924	$47,118,761	$-54,847,615
2023	$137,745,444	$136,754,447	$41,081,317	$990,997
2022	$131,138,294	$132,386,063	$36,296,245	$-1,247,769
2021	$109,147,230	$118,048,434	$22,498,311	$-8,901,204
2020	$87,438,557	$97,372,858	$19,248,313	$-9,934,301
2019	$95,326,505	$95,076,715	$25,242,191	$249,790
2018	$70,470,310	$92,177,793	$24,162,070	$-21,707,483

BUTLER MEDICAL PROVIDERS