ADVOCATE HEALTH CARE NETWORK (EIN 362167779) - 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

1923

Legal Domicile

Principal Officer

JAMES SKOGSBERGH

Phone

4142991576

Tax Period

2023-01-01 to 2023-12-31

ADVOCATE HEALTH CARE NETWORK, founded in 1923, is a mid-sized nonprofit in the Health Care sector that reported $12.0M in total revenue in fiscal year 2018. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $98.5M exceeded revenue, resulting in a 718% operating deficit.

Mission

THE MISSION OF ADVOCATE HEALTH CARE IS TO SERVE THE HEALTH NEEDS OF INDIVIDUALS, FAMILIES AND COMMUNITIES THROUGH A PHILOSOPHY ROOTED IN OUR FUNDAMENTAL UNDERSTANDING OF HUMAN BEINGS AS CREATED IN THE IMAGE OF GOD.

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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 $124,911

Program Service Revenue $0

Investment Income $19,885,206

Other Revenue $0

TOTAL REVENUE $20,010,117

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,810

Fundraising Expenses $0

Program Expenses $122,810

Other Expenses $99,202

TOTAL EXPENSES $222,012

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,010,117	$1,614,312	+11.4%
Expenses	$222,012	$13,277,810	-1.0%
Net Income	$19,788,105	$-11,663,498	-2.7%

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

$51,949,888

Total Directors

$25,935,517

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES SKOGSBERGH	DIRECTOR, PRESIDENT/CEO	1.00	Officer Director	$0	$818,812	$17,416,946
WILLIAM SANTULLI	DIRECTOR, PRESIDENT	1.00	Officer Director	$0	$359,616	$6,164,738
REV NATHANIEL EDMOND	DIRECTOR, CHAIRPERSON	1.00	Officer Director	$0	$0	$16,000
ANTHONY T SMITH	DIRECTOR	1.00	Director	$0	$0	$15,100
MICHELE RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD JAKLE	DIRECTOR	1.00	Director	$0	$0	$143,767
GAIL HASBROUCK	DIRECTOR	1.00	Director	$0	$0	$123,433
DAVID ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN TIMMER	DIRECTOR	1.00	Director	$0	$0	$56,000
LYNN CRUMP-CAINE	DIRECTOR	1.00	Director	$0	$0	$120,433
MARK HARRIS	DIRECTOR	1.00	Director	$0	$0	$120,433
DR DAISY VARUGHESE	DIRECTOR	1.00	Director	$0	$0	$120,433
ULYSSES BURLEY III	DIRECTOR	1.00	Director	$0	$0	$8,000
REV MOLLY CARLSON	DIRECTOR	1.00	Director	$0	$0	$8,000
REV YEHIEL CURRY	DIRECTOR	1.00	Director	$8,000	$0	$8,000
KATHIE BENDER SCHWICH	DIRECTOR	1.00	Director	$8,000	$179,384	$1,614,234
CLARENCE NIXON JR	DIRECTOR, VICE CHAIRPERSON	1.00	Officer	$0	$0	$0
DOMINICA TALLARICO	VICE PRESIDENT	1.00	Officer	$0	$44,857	$1,215,373
DIA NICHOLS	VICE PRESIDENT	1.00	Officer	$0	$129,781	$938,085
DOMINIC NAKIS	TREASURER	1.00	Officer	$0	$130,352	$6,517,941
ANTHONY DEFURIO	TREASURER	1.00	Officer	$0	$426,937	$5,539,395
BRAD CLARK	ASSISTANT TREASURER, TREASURER	1.00	Officer	$0	$145,795	$1,577,771
MICHAEL GREBE	SECRETARY	1.00	Officer	$0	$99,054	$3,702,479
BRETT DENTON	SECRETARY	1.00	Officer	$0	$323,260	$2,295,087
NAN NELSON	ASSISTANT TREASURER	1.00	Officer	$0	$152,768	$1,874,733
JAMES DOHENY	ASSISTANT TREASURER	1.00	Officer	$0	$63,927	$1,127,934
STEVE HUSER	ASSISTANT TREASURER	1.00	Officer	$0	$71,656	$878,136
RACHEL HALVERSON	ASSISTANT TREASURER	1.00	Officer	$0	$59,558	$537,349
RACHELLE HART	ASSISTANT SECRETARY	1.00	Officer	$0	$130,674	$1,286,154
MICHAEL KERNS	ASSISTANT SECRETARY	1.00	Officer	$0	$111,993	$861,767

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	$20,010,117	$222,012	$603,940,242	$19,788,105
2022	$1,614,312	$13,277,810	$596,094,978	$-11,663,498
2021	$33,976,884	$9,500,000	$599,864,770	$24,476,884
2020	$191,941,114	$109,500,075	$575,387,886	$82,441,039
2019	$32,597,274	$10,003,289	$499,272,175	$22,593,985
2018	$12,045,358	$98,501,835	$477,028,870	$-86,456,477

ADVOCATE HEALTH CARE NETWORK