The Joint Commission Center for Transforming Healthcare (EIN 263020947) - 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

2008

Legal Domicile

Phone

6307925000

Tax Period

2022-01-01 to 2022-10-31

The Joint Commission Center for Transforming Healthcare, founded in 2008, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2022. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $2.7M exceeded revenue, resulting in a 94% operating deficit.

Mission

The Center for Transforming Healthcare's (the Center) mission is to perform the functions of and to support the mission of The Joint Commission, a related tax exempt organization. The Center's programs are dedicated to transforming health care into a high-reliability industry by developing highly effective, durable solutions to health care's most critical safety and quality problems in collaboration with health care organizations, by disseminating the solutions widely, and by facilitating their adoption.

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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 $323,653

Investment Income $1,077,782

Other Revenue $0

TOTAL REVENUE $1,401,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,651,720

Fundraising Expenses $0

Program Expenses $1,517,483

Other Expenses $1,066,543

TOTAL EXPENSES $2,718,263

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,401,435	$2,169,312	-0.4%
Expenses	$2,718,263	$4,814,823	-0.4%
Net Income	$-1,316,828	$-2,645,511	-0.5%

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

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

$7,276,308

Total Directors

$2,984,380

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Interim Director & President (Through Feb)	1.0	Officer Director	$0	$49,813	$938,054
N/A	Chair	1.0	Officer Director	$0	$0	$910
N/A	PRESIDENT & BOARD MEMBER (Beg Mar)	1.0	Officer Director	$0	$16,294	$2,044,506
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$910
N/A	VICE PRESIDENT	40.0	Officer	$1,500,930	$141,973	$1,642,903
N/A	Secretary & General Counsel	1.0	Officer	$0	$426,469	$1,689,277
N/A	Treasurer & Chief Financial Officer	1.0	Officer	$0	$197,844	$960,658
N/A	ED Strategic Initiative & Op Excellence	40.0	Highest	$139,693	$15,088	$154,781
N/A	Former PRESIDENT & BOARD MEMBER	0.0		$0	$3,371	$306,896

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
2022	$1,401,435	$2,718,263	No data	$-1,316,828
2021	$2,169,312	$4,814,823	$40,008,984	$-2,645,511
2020	$2,392,781	$5,704,345	$41,996,069	$-3,311,564
2019	$3,091,023	$6,155,471	$49,358,429	$-3,064,448
2018	$2,706,707	$4,629,818	$46,567,282	$-1,923,111

The Joint Commission Center for Transforming Healthcare