PREMIER HEALTH PARTNERS (EIN 311446699) - 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

1995

Legal Domicile

Principal Officer

MICHAEL C RIORDAN

Phone

9374999942

Tax Period

2023-01-01 to 2023-12-31

PREMIER HEALTH PARTNERS, founded in 1995, is a community nonprofit in the Religion sector that reported $5.4M in total revenue in fiscal year 2023. Revenue surged 124% from the prior year, signaling strong growth momentum. Expenses of $237.4M exceeded revenue, resulting in a 4304% operating deficit.

Mission

SEE PART III, LINE 1

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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 $168,007

Program Service Revenue $4,350,543

Investment Income $65,108

Other Revenue $807,895

TOTAL REVENUE $5,391,553

Expense Breakdown

Grants Paid $500

Salaries & Benefits $132,489,335

Fundraising Expenses $0

Program Expenses $211,387,422

Other Expenses $104,951,590

TOTAL EXPENSES $237,441,425

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,391,553	$2,410,293	+1.2%
Expenses	$237,441,425	$223,094,170	+0.1%
Net Income	$-232,049,872	$-220,683,877	+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

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

$5,375,935

Total Directors

$3,275,095

Key Employees

$3,641,563

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL C RIORDAN	PRESIDENT & CEO	38.00	Officer Director	$1,373,331	$35,711	$1,409,042
DARIN J PANGALANGAN MD	TRUSTEE	0.50	Director	$19,500	$11,128	$687,815
BRYAN R LUDWIG MD	TRUSTEE	0.50	Director	$0	$43,708	$896,870
SUBODH K WADHWA MD	TRUSTEE	0.50	Director	$0	$15,409	$281,368
KATHLEEN A CARLSON	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
MARVA COSBY	TRUSTEE	0.50	Director	$0	$0	$0
LANCE DETRICK	TRUSTEE	0.50	Director	$0	$0	$0
NICOLE ERNST	TRUSTEE	0.50	Director	$0	$0	$0
GAIL P FOREST	TRUSTEE	0.50	Director	$0	$0	$0
MARTIN K FUJIMURA MD	TRUSTEE	0.50	Director	$0	$0	$0
JOSEPH M GERAGHTY	TRUSTEE	0.50	Director	$0	$0	$0
LARRY L HOLLINGSHEAD	TRUSTEE	0.50	Director	$0	$0	$0
SHANNON JONES	TRUSTEE	0.50	Director	$0	$0	$0
JASON MAHONEY	TRUSTEE	0.50	Director	$0	$0	$0
MITCH MELFI	TRUSTEE	0.50	Director	$0	$0	$0
DOUGLAS L MEYER	TRUSTEE	0.50	Director	$0	$0	$0
COLLEEN RYAN	TRUSTEE	0.50	Director	$0	$0	$0
LISA SHOCKLEY	TRUSTEE	0.50	Director	$0	$0	$0
STEVEN STALEY	TRUSTEE	0.50	Director	$0	$0	$0
JILL WILSON	TRUSTEE	0.50	Director	$0	$0	$0
BARBARA A JOHNSON	COO (TO JUN)	39.00	Officer	$1,064,584	$627,482	$1,692,066
GEOFFREY P WALKER - SR	SPECIAL ADVISORY COUNSEL / SECRETARY	10.00	Officer	$940,274	$50,389	$990,663
CRAIG GANGER	EXEC VP AND CFO	38.50	Officer	$773,191	$108,751	$881,942
CHAD T WHELAN	COO (FROM AUG)	20.00	Officer	$392,266	$9,956	$402,222
KEITH D BRICKING MD	VP & CHIEF CLINICAL OFFICER	10.00	Key Emp	$848,781	$116,118	$964,899
MARY M CLANCY	CHIEF DIGITAL & INFORMATION OFFICER	10.00	Key Emp	$684,404	$59,015	$743,419
J MICHAEL SIMS	SYS VP & CORPORATE CONTROLLER	9.50	Key Emp	$659,279	$54,727	$714,006
LISA M GOSSETT	VP NURSING/CNO/PATIENT EXP	10.00	Key Emp	$446,599	$26,242	$472,841
CARA W POWERS	CHIEF LEGAL OFFICER	10.00	Key Emp	$355,315	$58,871	$414,186
AMANDA K ADKINS-RICCI	SYSTEM VP REVENUE CYCLE	10.00	Key Emp	$307,434	$24,778	$332,212
DIANE L PLEIMAN	PHYSICIAN COMPANIES PRESIDENT & CEO	8.00	Highest	$817,582	$28,467	$846,049
JENNIFER J HAULER DO	FORMER KEY EMPLOYEE	0.00		$0	$303,885	$1,261,248
MARC R BELCASTRO DO	FORMER KEY EMPLOYEE	0.00		$0	$356,425	$1,143,019
GARY G GINTER	FORMER KEY EMPLOYEE	0.00		$0	$263,863	$827,508
ELAINE LAINIE M DEAN	FORMER KEY EMPLOYEE	0.00		$0	$48,793	$565,118
BILLIE L LUCENTE-BAKER	FORMER KEY EMPLOYEE	0.00		$0	$37,045	$329,819
MARGARET PEGGY W MARK	FORMER KEY EMPLOYEE	0.00		$0	$15,361	$157,555

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	$5,391,553	$237,441,425	$62,211,239	$-232,049,872
2022	$2,410,293	$223,094,170	$54,335,061	$-220,683,877
2021	$1,795,871	$246,424,713	$58,265,641	$-244,628,842
2020	$5,801,930	$224,884,512	$62,759,053	$-219,082,582
2019	$2,890,080	$224,242,990	$61,768,462	$-221,352,910
2018	$254,743	$2,831,252	$9,387	$-2,576,509

PREMIER HEALTH PARTNERS