ADVENTIST HEALTH AND RIDEOUT EMPLO… - Form 990 Financial Data

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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

2019

Legal Domicile

Principal Officer

CHRIS CHAMPLIN

Phone

9164060000

Tax Period

2024-01-01 to 2024-04-19

ADVENTIST HEALTH AND RIDEOUT EMPLOYEE HEALTH PLAN TRUST, founded in 2019, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $4.1M exceeded revenue, resulting in a 247% operating deficit.

Mission

NONE

Program Service Accomplishments

Program 1

RIDEOUT MEMORIAL HOSPITAL DBA ADVENTIST HEALTH AND RIDEOUT ("RIDEOUT"), WHICH IS A 501(C)(3) HOSPITAL ESTABLISHED THE ADVENTIST HEALTH AND RIDEOUT EMPLOYEE WELFARE PLAN (THE "PLAN"). THE PLAN...

RIDEOUT MEMORIAL HOSPITAL DBA ADVENTIST HEALTH AND RIDEOUT ("RIDEOUT"), WHICH IS A 501(C)(3) HOSPITAL ESTABLISHED THE ADVENTIST HEALTH AND RIDEOUT EMPLOYEE WELFARE PLAN (THE "PLAN"). THE PLAN PROVIDES MEDICAL BENEFITS TO ELIGIBLE EMPLOYEES OF RIDEOUT, ADVENTIST HEALTH MENDOCINO COAST, AND THEIR DEPENDENTS.

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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 $1,170,040

Investment Income $17,327

Other Revenue $0

TOTAL REVENUE $1,187,367

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $23,338

TOTAL EXPENSES $4,118,631

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,187,367	$32,863,071	-1.0%
Expenses	$4,118,631	$35,087,085	-0.9%
Net Income	$-2,931,264	$-2,224,014	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	INSTITUTIONAL TRUSTEE	0.10		$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	$1,187,367	$4,118,631	No data	$-2,931,264
2023	$32,863,071	$35,087,085	$4,489,406	$-2,224,014
2022	$30,729,880	$30,829,941	$5,965,824	$-100,061
2021	$20,237,864	$26,469,164	$5,439,821	$-6,231,300
2020	$33,352,998	$25,236,452	$12,311,994	$8,116,546
2019	$41,944,096	$38,862,110	$3,081,986	$3,081,986

ADVENTIST HEALTH AND RIDEOUT EMPLOYEE HEALTH PLAN TRUST