Goshen Health System Inc

EIN: 351974765 501(c)(3) Health Care

Goshen, IN

Total Revenue
$91,334,711
Total Expenses
$90,686,609
Total Assets
$20,283,257
Net Assets
$6,086,829
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
IN
Principal Officer
Randal Christophel
Phone
5745352665
Tax Period
2024-01-01 to 2024-12-31

Goshen Health System Inc, founded in 1997, is a mid-sized nonprofit in the Health Care sector that reported $91.3M in total revenue in fiscal year 2024.

Mission

The mission of Goshen Health is to improve the health of our communities by providing innovative, outstanding care and services, through exceptional people doing exceptional work.

Program Service Accomplishments

Program 1
Expenses: $82,127,076 Revenue: $64,672,441

Goshen Health is a non-denominational not-for-profit organization providing health care services for the general public. The mission of Goshen Health is to improve the health of our communities by...

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Goshen Health is a non-denominational not-for-profit organization providing health care services for the general public. The mission of Goshen Health is to improve the health of our communities by providing innovative, outstanding care and service, through exceptional people doing exceptional work. The System's values include: Compassion - and commitment to service with empathy. Accountability - with integrity and action. Respect - through treating others as you wish to be treated. Excellence - in all we do. The organization created the current three-year strategic plan during 2022 to run from 1/1/2023 through 12/31/2025. The current strategic priorities are as follows: 1. Growth of Key Service Lines 2. Timely and Efficient Access to Services 3. Recruitment and Retention of Colleagues and Providers 4. Clinical Quality 5. Partnerships with Insurers and Employers Key components of Goshen Health include the operations of a multi-specialty physician network of Goshen Health physicians. The physician network employs healthcare providers dedicated to meeting the health care needs of area residents, young and old. The network of both primary care and specialty providers enhances the system's ability to care for the community. Goshen Health physicians represent the following care areas: family practice, neurology, cardiology, adult internal medicine, pediatrics, orthopedics, obstetrics and gynecology, bariatrics, gastroenterology, infection control, oncology, and urgent care. Goshen Health physicians provide health care services to all members of the communities regardless of their ability to pay. The network offers financial assistance to those patients unable to pay all or a portion of their bill and who are unable to qualify for assistance through federal and state government assistance programs. Patients are asked to provide financial information to assess their financial position.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $26,602,920
Program Service Revenue $64,018,735
Investment Income $-110
Other Revenue $713,166
TOTAL REVENUE $91,334,711

Expense Breakdown

Grants Paid $0
Salaries & Benefits $64,703,692
Fundraising Expenses $0
Program Expenses $82,127,076
Other Expenses $25,982,917
TOTAL EXPENSES $90,686,609

Year-over-Year Comparison

2024 2023 Change
Revenue $91,334,711 $84,949,814 +0.1%
Expenses $90,686,609 $83,870,118 +0.1%
Net Income $648,102 $1,079,696 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
17
Employees
660
Volunteers
17

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
6
$2,736,691
Total Directors
22
$1,754,975
Key Employees
1
$368,631
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Randal Christophel President and CEO 1.00
Officer Director
$0 $186,365 $1,199,988
Edward Boyts MD Secretary/Treasurer (until 12/2024) 40.00
Officer Director
$274,559 $37,486 $312,045
Amy Sink Chair 1.00
Officer Director
$0 $0 $0
Dennis Blyly Vice Chair 1.00
Officer Director
$0 $0 $0
Denise Davis Esq Director 1.00
Director
$0 $0 $0
James Alvarez Director 1.00
Director
$0 $0 $0
Marlene Betances Director (until 12/2024) 1.00
Director
$0 $0 $0
Derald Bontrager Director 1.00
Director
$0 $0 $0
Steve Clark Director 1.00
Director
$0 $0 $0
Stephen Fidler Director 1.00
Director
$0 $0 $0
Delmar G Good PhD Director 1.00
Director
$0 $0 $0
Christina Haimes MD Director 40.00
Director
$213,228 $29,714 $242,942
Wes Herschberger Director (until 12/2024) 1.00
Director
$0 $0 $0
George Kim MD Director 1.00
Director
$0 $0 $0
Mark King PhD Director 1.00
Director
$0 $0 $0
John Leavitt Director 1.00
Director
$0 $0 $0
Jon Morningstar Director 1.00
Director
$0 $0 $0
Lisa Oneill Director 1.00
Director
$0 $0 $0
Alan R Tehan Director 1.00
Director
$0 $0 $0
Lane Reed MD Director 1.00
Director
$0 $0 $0
Susan Stiffney RN Director 1.00
Director
$0 $0 $0
Leroy Weaver MD Director 1.00
Director
$0 $0 $0
Lisa M Wine Chief Financial Officer 1.00
Officer
$0 $91,379 $611,475
Chris Hutfless Chief Legal HR & Compliance Officer 1.00
Officer
$0 $72,386 $613,183
Jon Yoder VP of Goshen Physicians 40.00
Key Emp
$0 $67,467 $368,631
Sultan Niazi Physician 40.00
Highest
$956,388 $37,742 $994,130
Abrar Sayeed MD Physician 40.00
Highest
$1,073,605 $45,062 $1,118,667
Sreenivas Kamath MD Physician 40.00
Highest
$1,132,770 $48,058 $1,180,828
Christopher Owens MD Physician 40.00
Highest
$1,160,670 $58,320 $1,218,990
Blair MacPhail MD Physician 40.00
Highest
$1,137,454 $40,963 $1,178,417
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 $91,334,711 $90,686,609 $20,283,257 $648,102
2023 $84,949,814 $83,870,118 $19,474,373 $1,079,696
2022 $80,488,155 $78,567,134 $16,711,163 $1,921,021
2021 $73,798,205 $72,004,334 $14,747,546 $1,793,871
2020 $68,845,777 $68,195,388 $13,380,075 $650,389
2019 $71,138,671 $71,291,333 $13,900,544 $-152,662
2018 $66,122,803 $67,477,256 $12,173,534 $-1,354,453
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