DEACONESS CLINIC INC (EIN 263083364) - 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

Principal Officer

BRADLEY SCHEU MD

Phone

8124503296

Tax Period

2023-10-01 to 2024-09-30

DEACONESS CLINIC INC, founded in 2008, is a major nonprofit in the Health Care sector that reported $170.7M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $244.8M exceeded revenue, resulting in a 43% operating deficit.

Mission

DEACONESS CLINIC WAS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATION, AND SCIENTIFIC PROGRAM PURPOSES WITHIN THE MEANING OF SECTION 501(C((3) OF THE IRS CODE WHICH INCLUDE (AMONG OTHERS):TO DELIVER HEALTH CARE TO THE PUBLIC; TO CARRY OUT SCIENTIFIC RESEARCH AND RESEARCH PROJECTS IN THE PUBLIC INTEREST IN THE FIELDS OF MEDICAL SCIENCES, MEDICAL ECONOMICS, PUBLIC HEALTH, SOCIOLOGY, AND RELATED AREA; TO IMPROVE AND DEVELOP THE CAPABILITIES OF INDIVIDUALS AND INSTITUTIONS STUDYING, TEACHING, AND PRACTICING MEDICINE AND OTHER HEALTH OCCUPATIONS; TO PROVIDE HEALTH CARE AND HEALTH-RELATED EDUCATION FOR THE BENEFIT OF THE COMMUNITY IN A SYSTEMATIC, INTEGRATED AND COORDINATED FASHION WITHIN THE DEACONESS HEALTH SYSTEM AND DEACONESS HOSPITAL, INC. AND THEIR AFFILIATES.

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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 $169,052,551

Investment Income $452,297

Other Revenue $1,212,919

TOTAL REVENUE $170,717,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $176,599,269

Fundraising Expenses $0

Program Expenses $231,235,541

Other Expenses $68,210,888

TOTAL EXPENSES $244,810,157

Year-over-Year Comparison

	2023	2022	Change
Revenue	$170,717,767	$156,015,406	+0.1%
Expenses	$244,810,157	$228,464,867	+0.1%
Net Income	$-74,092,390	$-72,449,461	+0.0%

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

1489

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

$3,899,202

Total Directors

$12,443,643

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN TITZER	CHAIRMAN (END 11/23)	5.00	Officer Director	$2,000	$0	$2,000
MIA HINDI MD	DIRECTOR & VICE CHAIR (END 11/23)	50.00	Officer Director	$1,557,275	$52,189	$1,612,664
CHERYL WATHEN	SECRETARY/TREASURER (END 11/23)	5.00	Officer Director	$0	$224,614	$1,385,461
CHRIS CHACKO MD	DIRECTOR (END 11/23)	50.00	Director	$374,547	$46,341	$420,888
GARY KEEPES MD	DIRECTOR (END 11/23)	50.00	Director	$525,416	$29,450	$554,866
GARRETT KOON MD	DIRECTOR (END 11/23)	50.00	Director	$330,645	$17,900	$348,545
BARRY PHILLIPS MD	DIRECTOR (END 11/23)	50.00	Director	$460,447	$36,725	$501,672
JAMES PORTER MD	DIRECTOR	5.00	Director	$0	$199,566	$1,205,745
ASHLEY RICHESON MD	DIRECTOR (END 11/23)	50.00	Director	$262,597	$43,697	$306,294
WILLIAM SMITH MD	DIRECTOR (END 11/23)	50.00	Director	$364,933	$33,251	$398,184
JOANN WOOD MD	DH CMO & VP (END 11/23)	5.00	Officer Director	$0	$74,299	$899,077
JAMIE MULL MD	DIRECTOR (END 11/23)	50.00	Director	$1,049,764	$28,761	$1,078,525
DHRUVIN MEHTA MD	DIRECTOR (END 11/23)	50.00	Director	$463,078	$39,175	$502,253
JASON WHITE MD	DIRECTOR (END 11/23)	50.00	Director	$907,207	$54,650	$961,857
NAROTHAMA R AEDDULA	DIRECTOR (END 11/23)	5.00	Director	$0	$53,600	$1,016,908
DR BRADLEY SCHEU MD	SENIOR VICE PRESIDENT/CMO	50.00	Director	$316,570	$139,321	$767,058
JULIE DINGMAN	OPERATIONS ADMINSTRATOR	50.00	Director	$167,311	$22,105	$300,076
KYLE DILLMAN	DIR FINANCE MEDICAL GROUP (BEG FY 2024)	50.00	Director	$0	$42,051	$181,570
JON C DAVIS	PHYSICIAN	50.00	Highest	$3,088,185	$54,446	$3,142,631
RUBIN D BAHUVA	PHYSICIAN	50.00	Highest	$1,633,155	$47,016	$1,680,171
TYLER L TIDWELL	PHYSICIAN	50.00	Highest	$1,430,467	$47,602	$1,478,069
MIR FAHAD FAISAL	PHYSICIAN	50.00	Highest	$2,299,171	$53,170	$2,352,341
BRUCE W SCHNEIDER	PHYSICIAN	50.00	Highest	$1,435,206	$62,527	$1,497,733
LINDA WHITE	FORMER DIRECTOR	0.00		$0	$16,237	$236,818
MAQBOOL AHMED	FORMER DIRECTOR	50.00		$0	$0	$662,388
RENEE M GALEN	FORMER DIRECTOR	50.00		$304,414	$47,627	$352,041
SNESHA H MODI	FORMER DIRECTOR	50.00		$364,911	$19,314	$384,225
MAJED A KOLEILAT	FORMER DIRECTOR	50.00		$1,011,778	$59,531	$1,071,309

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	$170,717,767	$244,810,157	$95,638,822	$-74,092,390
2023	$156,015,406	$228,464,867	$91,072,232	$-72,449,461
2022	$147,512,818	$210,215,553	$104,959,920	$-62,702,735
2021	$130,480,235	$189,363,085	$96,808,507	$-58,882,850
2020	$105,933,019	$161,200,228	$91,384,879	$-55,267,209
2019	$102,614,669	$146,565,910	$30,464,280	$-43,951,241
2018	$94,634,850	$131,707,895	$18,798,468	$-37,073,045

DEACONESS CLINIC INC