HOLZER HEALTH SYSTEM

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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

1985

Legal Domicile

Principal Officer

RODNEY STOUT

Phone

7404465060

Tax Period

2023-07-01 to 2024-06-30

HOLZER HEALTH SYSTEM, founded in 1985, is a major nonprofit in the Health Care sector that reported $131.1M in total revenue in fiscal year 2023. Expenses of $178.2M exceeded revenue, resulting in a 36% operating deficit.

Mission

FRIENDLY VISITS, EXCELLENT CARE; EVERY PATIENT, EVERY TIME.

Program Service Accomplishments

Program 1

Expenses: $99,425,100 Revenue: $126,879,775

HOLZER CLINIC, LLC IS A MULTIPLE DISCIPLINE HEALTH CARE SYSTEM OF OVER 160 PROVIDERS PROVIDING CARE IN MORE THAN THIRTY-FOUR AREAS OF EXPERTISE.

Program 2

Expenses: $691,632 Revenue: $776,922

HOLZER DENTAL CLINIC-JACKSON STRIVES TO IMPROVE THE DENTAL HEALTH STATUS OF THE PEOPLE AND COMMUNITIES WE SERVE.

Program 3

Expenses: $2,453,330 Revenue: $3,435,849

HOLZER HEALTH SYSTEM PROVIDED MANAGEMENT SERVICES/REAL ESTATE TO ITS SUBSIDIARIES WHOSE EXEMPT PURPOSES ARE TO MEET THE HEALTHCARE NEEDS OF THEIR COMMUNITIES.

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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 $153,938

Program Service Revenue $131,092,546

Investment Income $-191,077

Other Revenue $67,034

TOTAL REVENUE $131,122,441

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,961,873

Fundraising Expenses $47,730

Program Expenses $102,570,062

Other Expenses $71,235,400

TOTAL EXPENSES $178,197,273

Year-over-Year Comparison

	2023	2022	Change
Revenue	$131,122,441	$126,778,367	+0.0%
Expenses	$178,197,273	$168,498,823	+0.1%
Net Income	$-47,074,832	$-41,720,456	+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

N/A

Employees

856

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

$4,525,491

Total Directors

$7,078,863

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MICHAEL CANADY	CEO - PART YEAR	46.00	Officer Director	$738,668	$13,413	$752,081
DR JONATHAN MATHIS	TRUSTEE/PHYSICIAN	47.00	Director	$543,150	$8,331	$551,481
DR RODNEY STOUT	CEO	46.00	Officer Director	$481,584	$8,040	$489,624
DR PHILLIP LONG	TRUSTEE/RADIOLOGIST	49.00	Director	$478,652	$8,590	$487,242
DR GLENN SCOTT DAVIS	TRUSTEE/PHYSICIAN	47.00	Director	$419,968	$6,993	$426,961
DR DANIELLE CAPPELLETTI	TRUSTEE/PHYSICIAN	49.00	Director	$413,242	$6,682	$419,924
MICHAEL HAYNES	CFO	47.00	Officer Director	$403,763	$7,395	$411,158
TODD FOWLER	TRUSTEE/CHIEF OPERATING OFFICER	49.00	Officer Director	$402,874	$7,377	$410,251
TROY MILLER	TRUSTEE/CHIEF STRATEGY OFFICER	50.00	Officer Director	$402,274	$6,173	$408,447
ELLEN GARLING	TRUSTEE/CHIEF LEGAL OFFICER	50.00	Officer Director	$403,154	$0	$403,154
LISA DETTY	TRUSTEE/CHIEF NURSING OFFICER	50.00	Officer Director	$392,453	$7,115	$399,568
DR CHRIS MARAZON	TRUSTEE/PHYSICIAN	49.00	Director	$362,848	$6,498	$369,346
BRENT SAUNDERS	CHAIRMAN - PART YEAR	47.00	Officer Director	$352,612	$5,245	$357,857
DR JARED SHEETS	TRUSTEE/PHYSICIAN	49.00	Director	$338,512	$6,324	$344,836
NICOLETTE JONES	TRUSTEE/CHIEF MEDICAL OFFICER	50.00	Officer Director	$289,179	$5,473	$294,652
DR LYNDON GAINES	TRUSTEE/PHYSICIAN	49.00	Director	$242,340	$4,766	$247,106
GERALD ROACH	CHAIRMAN	47.00	Officer Director	$111,615	$1,560	$113,175
LARRY KIDD	VICE CHAIR	1.00	Officer Director	$24,000	$0	$24,000
BRAD MUNN	TRUSTEE	1.00	Director	$24,000	$0	$24,000
PAUL REED	TRUSTEE	1.00	Director	$24,000	$0	$24,000
ROBBIE PUGH	TRUSTEE	1.00	Director	$24,000	$0	$24,000
ROBERT GRILLO	TRUSTEE	1.00	Director	$24,000	$0	$24,000
TOM WISEMAN	TRUSTEE	1.00	Director	$24,000	$0	$24,000
KIM KELLY	TRUSTEE	1.00	Director	$24,000	$0	$24,000
STEVE CHAPMAN	TRUSTEE - PART YEAR	1.00	Director	$24,000	$0	$24,000
LISA HACKWORTH	EVP - CHIEF ADMIN OFFICER	50.00	Officer	$453,178	$8,346	$461,524
DR DEAN SICILIANO	PHYSICIAN	50.00	Highest	$2,099,379	$15,000	$2,114,379
DR STEVEN CONLEY	PHYSICIAN	50.00	Highest	$2,078,399	$11,250	$2,089,649
DR CHARLES BISHOP	PHYSICIAN	50.00	Highest	$1,114,580	$10,250	$1,124,830
DR SANTPAL MAVI	PHYSICIAN	50.00	Highest	$957,849	$13,648	$971,497
DR MATHEW COSENZA	PHYSICIAN	50.00	Highest	$965,082	$0	$965,082

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	No data	No data	No data	No data
2024	$131,122,441	$178,197,273	$126,864,754	$-47,074,832
2023	$126,778,367	$168,498,823	$125,743,071	$-41,720,456
2022	$127,993,498	$161,026,010	$132,475,108	$-33,032,512
2021	$110,112,266	$159,638,369	$126,656,683	$-49,526,103
2020	$120,245,423	$159,665,873	$165,436,816	$-39,420,450
2019	$126,671,699	$162,586,010	$170,186,750	$-35,914,311
2018	$121,094,542	$162,145,772	$166,770,527	$-41,051,230