Swedish Covenant Health (EIN 362179813) - 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

1907

Legal Domicile

Phone

7738788200

Tax Period

2023-01-01 to 2023-12-31

SWEDISH COVENANT HEALTH, founded in 1907, is a major nonprofit that reported $288.3M in total revenue in fiscal year 2017. Expenses of $269.2M left a modest 7% surplus.

Mission

Swedish Covenant Health follows the mission of Endeavor Health to "help everyone in our communities be their best."

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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 $4,101,202

Program Service Revenue $346,574,113

Investment Income $67,561

Other Revenue $1,570,703

TOTAL REVENUE $352,313,579

Expense Breakdown

Grants Paid $984,124

Salaries & Benefits $157,530,800

Fundraising Expenses $0

Program Expenses $292,791,578

Other Expenses $177,610,715

TOTAL EXPENSES $336,125,639

Year-over-Year Comparison

	2023	2022	Change
Revenue	$352,313,579	$300,504,779	+0.2%
Expenses	$336,125,639	$307,177,773	+0.1%
Net Income	$16,187,940	$-6,672,994	-3.4%

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

2496

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

$10,412,320

Total Directors

$12,948,519

Key Employees

$1,240,432

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	President (until 8/30/23), CEO (until 12/31/23)	40.0	Officer Director	$1,264,566	$106,239	$1,370,805
N/A	Secretary	1.0	Officer Director	$0	$0	$0
N/A	Vice Chairman	1.0	Officer Director	$0	$0	$0
N/A	System President and CEO	1.0	Officer Director	$0	$2,182,996	$6,283,528
N/A	President of SCH	40.0	Officer Director	$673,960	$49,114	$723,074
N/A	Chairman	1.0	Officer Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Ex-Officio Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$22,000	$0	$22,000
N/A	Director	1.0	Director	$0	$574,783	$2,109,419
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$520,888	$2,241,099
N/A	Director	40.0	Director	$155,819	$42,775	$198,594
N/A	Director (left during 2023)	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director (left during 2023)	1.0	Director	$0	$0	$0
N/A	Chief Financial Officer	1.0	Officer	$0	$284,165	$2,034,913
N/A	Chief Medical Officer	40.0	Key Emp	$821,037	$55,315	$876,352
N/A	Senior VP, CNO	40.0	Key Emp	$325,502	$38,578	$364,080
N/A	Director, Applications	40.0	Highest	$272,303	$42,477	$314,780
N/A	VP, Information Technology	40.0	Highest	$524,148	$25,079	$549,227
N/A	RN House Operations Administrator	40.0	Highest	$255,218	$41,882	$297,100
N/A	AVP, Operations	40.0	Highest	$320,502	$52,118	$372,620
N/A	VP, Clinical Quality and Transformation	40.0	Highest	$497,078	$28,222	$525,300

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	$352,313,579	$336,125,639	$430,490,764	$16,187,940
2022	$300,504,779	$307,177,773	$840,938,672	$-6,672,994
2021	$75,891,166	$70,046,525	$746,038,383	$5,844,641
2021	$302,820,427	$295,127,571	$703,103,698	$7,692,856
2020	$309,565,263	$288,278,605	$610,229,545	$21,286,658
2018	$288,320,374	$269,151,113	$486,024,601	$19,169,261

Swedish Covenant Health