MOUNT CARMEL HEALTH PLAN INC (EIN 311471229) - 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

1996

Legal Domicile

Principal Officer

JACK RANDOLPH

Phone

6145464000

Tax Period

2023-01-01 to 2023-12-31

MOUNT CARMEL HEALTH PLAN INC, founded in 1996, is a major nonprofit in the Health Care sector that reported $583.7M in total revenue in fiscal year 2023. Expenses of $549.2M left a modest 6% surplus.

Mission

TO OPERATE A MEDICARE HMO FOR SENIORS

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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 $559,569,201

Investment Income $10,695,071

Other Revenue $13,459,624

TOTAL REVENUE $583,723,896

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,356,847

Fundraising Expenses $0

Program Expenses $518,336,341

Other Expenses $526,837,759

TOTAL EXPENSES $549,194,606

Year-over-Year Comparison

	2023	2022	Change
Revenue	$583,723,896	$560,054,340	+0.0%
Expenses	$549,194,606	$530,679,788	+0.0%
Net Income	$34,529,290	$29,374,552	+0.2%

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

N/A

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

$3,890,044

Total Directors

$2,697,550

Key Employees

$795,471

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORRAINE LUTTON	DIRECTOR; MOUNT CARMEL CEO	2.00	Officer Director	$0	$298,936	$1,722,036
JACK RANDOLPH	DIRECTOR; PRESIDENT & CEO	45.00	Officer Director	$0	$190,083	$957,338
ANDY PRIDAY	MOUNT CARMEL CFO	2.00	Officer	$0	$73,151	$580,062
DANIEL WENDORFF MD	FORMER OFF; PRES, MC HEALTH PARTNERS	0.00		$0	$53,028	$571,076
GREG WISE MD	MEDICAL DIRECTOR MCHP	40.00	Key Emp	$0	$32,654	$447,867
PETER CONSTANT	CHIEF STRATEGIC GROWTH OFFICER	50.00	Highest	$0	$54,715	$403,740
DAVID VIS	ASST TREASURER;VP FINANCE OPERATIONS	40.00	Officer	$0	$18,414	$388,049
CARLOS ALVARADO	CHIEF ADMINISTRATIVE OFFICER	40.00	Key Emp	$0	$44,568	$347,604
PATRICK MCMAHON	VICE PRESIDENT, NETWORK DEVELOPMENT	50.00	Highest	$0	$15,801	$326,148
CHRIS TUROFF	DIRECTOR, PHARMACY MCHP	50.00	Highest	$0	$15,470	$285,151
TRISHA WHETSTONE	ASST SECRETARY; MCHS ASSOC COUNSEL	2.00	Officer	$0	$43,944	$242,559
PATRICIA SUFFERN	CHIEF COMPLIANCE OFFICER MCHP	50.00	Highest	$0	$24,253	$241,472
ANGELA THOMAS	VICE PRESIDENT, HEALTH SERVICES MCHP	50.00	Highest	$0	$28,570	$233,669
KRISTINE SLAM MD	DIRECTOR THR 7/23; MCHS MED DIRECTOR	2.00	Director	$0	$0	$18,176
STEVE LUNDREGAN	DIRECTOR; CHAIR	2.00	Officer Director	$0	$0	$0
JOSEPH PATRICK JR	DIRECTOR; TREASURER; SECRETARY	2.00	Officer Director	$0	$0	$0
CATHY EDDY	DIRECTOR	2.00	Director	$0	$0	$0
TODD FOX	DIRECTOR	2.00	Director	$0	$0	$0
JILL PHLEGAR	DIRECTOR	2.00	Director	$0	$0	$0

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	$583,723,896	$549,194,606	$489,379,422	$34,529,290
2022	$560,054,340	$530,679,788	$479,700,585	$29,374,552
2021	$579,951,393	$538,001,372	$483,267,404	$41,950,021
2020	$562,028,704	$517,198,602	$454,247,224	$44,830,102
2019	$578,551,104	$530,274,182	$416,128,885	$48,276,922
2018	$582,120,292	$534,972,445	$336,804,424	$47,147,847

MOUNT CARMEL HEALTH PLAN INC