HEALTHSOURCE OF OHIO INC

EIN: 310884250 501(c)(3)

LOVELAND, OH

Total Revenue
$74,052,832
Total Expenses
$67,927,759
Total Assets
$109,052,181
Net Assets
$97,849,799
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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
1976
Legal Domicile
OH
Phone
5135767700
Tax Period
2023-01-01 to 2023-12-31

HEALTHSOURCE OF OHIO INC, founded in 1976, is a mid-sized nonprofit that reported $74.1M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $67.9M left a modest 8% surplus.

Mission

HEALTHSOURCE OF OHIO IS A NONPROFIT COMMUNITY HEALTH CENTER THAT PROVIDES QUALITY, PATIENT-CENTERED HEALTH CARE TO UNDERSERVED PATIENTS IN SOUTHWEST OHIO.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $12,292,095
Program Service Revenue $56,935,575
Investment Income $2,137,188
Other Revenue $2,687,974
TOTAL REVENUE $74,052,832

Expense Breakdown

Grants Paid $120,000
Salaries & Benefits $36,408,411
Fundraising Expenses $0
Program Expenses $56,651,288
Other Expenses $31,399,348
TOTAL EXPENSES $67,927,759

Year-over-Year Comparison

2023 2022 Change
Revenue $74,052,832 $67,959,084 +0.1%
Expenses $67,927,759 $56,372,964 +0.2%
Net Income $6,125,073 $11,586,120 -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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Governance

Voting Members
10
Independent Members
10
Employees
478
Volunteers
27

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
10
$2,191,617
Total Directors
12
$0
Key Employees
1
$261,206
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A SECRETARY / TREASURER 3.0
Officer Director
$0 $0 $0
N/A VICE-CHAIRPERSON 3.0
Officer Director
$0 $0 $0
N/A CHAIRPERSON 3.0
Officer Director
$0 $0 $0
N/A TRUSTEE 3.0
Director
$0 $0 $0
N/A TRUSTEE 3.0
Director
$0 $0 $0
N/A TRUSTEE - TERM ENDED 3.0
Director
$0 $0 $0
N/A TRUSTEE 3.0
Director
$0 $0 $0
N/A TRUSTEE 3.0
Director
$0 $0 $0
N/A TRUSTEE 3.0
Director
$0 $0 $0
N/A TRUSTEE - TERM ENDED 3.0
Director
$0 $0 $0
N/A TRUSTEE 3.0
Director
$0 $0 $0
N/A TRUSTEE 3.0
Director
$0 $0 $0
N/A VP-HUMAN RESOURCES 40.0
Officer
$242,220 $25,445 $267,665
N/A CHIEF MEDICAL DIRECTOR 40.0
Officer
$333,668 $24,956 $358,624
N/A PRESIDENT / CEO 40.0
Officer
$374,611 $41,842 $416,453
N/A VP-MARKETING 40.0
Officer
$272,528 $22,860 $295,388
N/A VP-CLINICAL OPERATIONS 40.0
Officer
$252,248 $22,013 $274,261
N/A VP-PHILANTHROPY 40.0
Officer
$187,984 $36,732 $224,716
N/A CHIEF FINANCIAL OFFICER 40.0
Officer
$318,662 $35,848 $354,510
N/A DIRECTOR PHARMACY OPERATIONS 40.0
Key Emp
$219,801 $41,405 $261,206
N/A OB/GYN 40.0
Highest
$353,160 $32,285 $385,445
N/A OB/GYN 40.0
Highest
$409,050 $25,654 $434,704
N/A OB/GYN 40.0
Highest
$409,242 $22,894 $432,136
N/A PHYSICIAN 40.0
Highest
$312,949 $43,396 $356,345
N/A OB/GYN 40.0
Highest
$436,372 $35,391 $471,763
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 $74,052,832 $67,927,759 $109,052,181 $6,125,073
2022 $67,959,084 $56,372,964 $98,137,145 $11,586,120
2021 $59,555,200 $52,678,329 $92,512,898 $6,876,871
2020 $58,527,239 $49,439,911 $84,578,401 $9,087,328
2019 $50,767,064 $44,978,214 $73,477,170 $5,788,850
2018 $51,493,277 $46,825,264 $66,890,663 $4,668,013
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