HEALTH SERVICES CORPORATION OF SOUTHEASTERN INDIANA (EIN 351404387) - 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

1977

Legal Domicile

Principal Officer

Michael Schwebler

Phone

8125371010

Tax Period

2020-01-01 to 2020-10-31

HEALTH SERVICES CORPORATION OF SOUTHEASTERN INDIANA, founded in 1977, is a mid-sized nonprofit that reported $20.5M in total revenue in fiscal year 2020. Revenue decreased 20% compared to the prior year.

Mission

To establish, operate, and continue plans for the expansion and delivery of health care services for the benefit of the residents in Southeast Indiana.

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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 (2020)

Revenue Breakdown

Contributions & Grants $8,031,201

Program Service Revenue $12,467,274

Investment Income $0

Other Revenue $0

TOTAL REVENUE $20,498,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,288,257

Fundraising Expenses $0

Program Expenses $19,385,217

Other Expenses $4,210,218

TOTAL EXPENSES $20,498,475

Year-over-Year Comparison

	2020	2019	Change
Revenue	$20,498,475	$25,557,518	-0.2%
Expenses	$20,498,475	$25,557,518	-0.2%
Net Income	$0	$0	N/A

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

$361,821

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Maggio	Employee	50	Highest	$0	$22,752	$833,923
Ira Younger	Employee	50	Highest	$0	$23,868	$675,635
Patricia Freidel	Employee	50	Highest	$0	$5,169	$639,219
Radu Zidarescu	Employee	50	Highest	$0	$27,247	$583,949
Carol Lovins	Employee	50	Highest	$0	$24,884	$526,043
Michael Schwebler	President	10	Officer	$0	$23,260	$355,821
Bill Ritzmann	Vice President	1	Officer	$0	$0	$6,000

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
2020	$20,498,475	$20,498,475	No data	No data
2019	$25,557,518	$25,557,518	$8,739,345	No data
2018	$25,619,539	$25,619,539	$10,071,921	No data

HEALTH SERVICES CORPORATION OF SOUTHEASTERN INDIANA