PRIORITY HEALTH CHOICE INC (EIN 320016523) - 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

2002

Legal Domicile

Principal Officer

NICHOLAS GATES

Phone

8669897999

Tax Period

2024-01-01 to 2024-12-31

PRIORITY HEALTH CHOICE INC, founded in 2002, is a large national nonprofit in the Health Care sector that reported $1.2B in total revenue in fiscal year 2024. Expenses of $1.2B left a modest 3% surplus.

Mission

IN ADDITION TO THE PURPOSES STATED IN OUR BYLAWS WE USE THE FOLLOWING MISSION: TO IMPROVE HEALTH, INSTILL HUMANITY AND INSPIRE HOPE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,211,826,282

Investment Income $23,577,175

Other Revenue $0

TOTAL REVENUE $1,235,403,457

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,154,759,114

Other Expenses $157,748,048

TOTAL EXPENSES $1,193,227,557

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,235,403,457	$1,288,103,694	0.0%
Expenses	$1,193,227,557	$1,225,806,259	0.0%
Net Income	$42,175,900	$62,297,435	-0.3%

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

$5,231,335

Total Directors

$6,720,530

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PRAVEEN THADANI	DIRECTOR/PRESIDENT	1.00	Officer Director	$0	$551,045	$3,153,750
JAMES FORSHEE MD	DIRECTOR PY	1.00	Director	$0	$14,894	$422,955
KIMBERLY THOMAS	DIRECTOR/SECRETARY	1.00	Officer Director	$0	$154,979	$755,941
JOYCE CHAN RUSSELL	DIRECTOR/CHAIR	1.00	Officer Director	$0	$95,689	$678,638
MICHAEL JASPERSON	DIRECTOR	1.00	Director	$0	$115,390	$664,913
NICHOLAS GATES	DIRECTOR/VICE CHAIR/TREASURER	1.00	Officer Director	$0	$117,461	$643,006
CHELSEE STARK	DIRECTOR	1.00	Director	$0	$0	$3,000
ELIF OKER MD	DIRECTOR PY	1.00	Director	$0	$38,983	$398,327
BRIAN KRUPICZEWICZ	FORMER KEY EMPLOYEE	0.00		$0	$0	$353,059
CHRISTOPHER CROOK	FORMER KEY EMPLOYEE	1.00		$0	$134,003	$664,922
DAVID RZESZUTKO	FORMER HIGHEST COMPENSATED	1.00		$0	$51,018	$487,122
MATTHEW STREBECK	FORMER HIGHEST COMPENSATED	1.00		$0	$55,697	$474,267
ERIN SULLIVAN	FORMER HIGHEST COMPENSATED	1.00		$0	$45,938	$388,892
BRIAN FEDORONKO	FORMER HIGHEST COMPENSATED	1.00		$0	$52,024	$424,204

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	$1,235,403,457	$1,193,227,557	$403,953,678	$42,175,900
2023	$1,288,103,694	$1,225,806,259	$413,334,593	$62,297,435
2022	$1,167,137,535	$1,101,244,628	$424,007,387	$65,892,907
2021	$855,732,086	$795,289,136	$365,837,413	$60,442,950
2020	$551,931,916	$518,852,963	$270,572,304	$33,078,953
2019	$475,831,169	$437,692,208	$199,832,508	$38,138,961
2018	$399,207,873	$390,482,217	$129,322,829	$8,725,656

PRIORITY HEALTH CHOICE INC