MOUNT CARMEL HEALTH INSURANCE COMPANY (EIN 251912781) - 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

2007

Legal Domicile

Principal Officer

JACK RANDOLPH

Phone

6145464000

Tax Period

2023-01-01 to 2023-12-31

MOUNT CARMEL HEALTH INSURANCE COMPANY, founded in 2007, is a mid-sized nonprofit in the Health Care sector that reported $13.9M in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $15.4M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO ASSIST MEDICARE-ELIGIBLE SENIORS OBTAIN ACCESS TO MEDICARE ADVANTAGE INSURANCE COVERAGE

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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 $0

Program Service Revenue $13,278,980

Investment Income $141,093

Other Revenue $514,612

TOTAL REVENUE $13,934,685

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,792,848

Other Expenses $15,373,921

TOTAL EXPENSES $15,373,921

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,934,685	$9,948,719	+0.4%
Expenses	$15,373,921	$11,096,572	+0.4%
Net Income	$-1,439,236	$-1,147,853	+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

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

$3,890,044

Total Directors

$2,697,550

Key Employees

$795,471

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORRAINE LUTTON	DIRECTOR; MOUNT CARMEL CEO	2.00	Officer Director	$0	$298,936	$1,722,036
JACK RANDOLPH	DIRECTOR; PRESIDENT & CEO	2.00	Officer Director	$0	$190,083	$957,338
ANDY PRIDAY	MOUNT CARMEL CFO	2.00	Officer	$0	$73,151	$580,062
DANIEL WENDORFF MD	FORMER OFF; PRES, MC HEALTH PARTNERS	0.00		$0	$53,028	$571,076
GREG WISE MD	MEDICAL DIRECTOR MCHP	2.00	Key Emp	$0	$32,654	$447,867
DAVID VIS	ASST TREASURER;VP FINANCE OPERATIONS	2.00	Officer	$0	$18,414	$388,049
CARLOS ALVARADO	CHIEF ADMINISTRATIVE OFFICER	2.00	Key Emp	$0	$44,568	$347,604
TRISHA WHETSTONE	ASST SECRETARY; MCHS ASSOC COUNSEL	2.00	Officer	$0	$43,944	$242,559
KRISTINE SLAM MD	DIRECTOR THR 7/23; MCHS MED DIRECTOR	2.00	Director	$0	$0	$18,176
STEVE LUNDREGAN	DIRECTOR; CHAIR	2.00	Officer Director	$0	$0	$0
JOSEPH PATRICK JR	DIRECTOR; TREASURER; SECRETARY	2.00	Officer Director	$0	$0	$0
CATHY EDDY	DIRECTOR	2.00	Director	$0	$0	$0
TODD FOX	DIRECTOR	2.00	Director	$0	$0	$0
JILL PHLEGAR	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$13,934,685	$15,373,921	$12,993,161	$-1,439,236
2022	$9,948,719	$11,096,572	$8,608,222	$-1,147,853
2021	$7,576,267	$7,710,859	$8,651,290	$-134,592
2020	$7,547,027	$7,361,340	$7,668,887	$185,687
2019	$8,925,652	$9,297,905	$8,995,563	$-372,253
2018	$8,735,864	$8,581,610	$7,554,445	$154,254

MOUNT CARMEL HEALTH INSURANCE COMPANY