SwedishAmerican Health System Corp (EIN 363241458) - 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

1982

Legal Domicile

Principal Officer

Travis Andersen

Phone

7796964009

Tax Period

2023-07-01 to 2024-06-30

SwedishAmerican Health System Corp, founded in 1982, is a micro nonprofit in the Health Care sector that reported $39K in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 3327% operating deficit.

Mission

Through excellence in healthcare and compassionate service, we care for our community.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $39,277

TOTAL REVENUE $39,277

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,312,052

Other Expenses $1,345,876

TOTAL EXPENSES $1,345,876

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,277	$85,163	-0.5%
Expenses	$1,345,876	$1,228,453	+0.1%
Net Income	$-1,306,599	$-1,143,290	+0.1%

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

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

$4,964,971

Total Directors

$5,912,556

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Bolt	Director (until 9/16/23)	2.00	Director	$0	$239,970	$1,604,339
Peter D Newcomer MD MMM	Director	2.00	Director	$0	$266,238	$1,387,607
Carey Gehl	Trustee (as of 9/16/23)	2.00	Director	$0	$173,863	$1,343,722
Travis Andersen	President & CEO	2.00	Officer Director	$0	$206,937	$1,155,921
Timothy Flynn MD	President, SA Medical Group	2.00	Officer	$0	$132,148	$682,720
Sal Ababneh	COO & President of UWNI Hospitals	2.00	Officer	$0	$107,200	$678,610
Thomas O'Connor	Former President & CEO	0.00		$0	$0	$585,228
Patricia DeWane	VP, CFO, & Treasurer	2.00	Officer	$0	$80,556	$578,277
Michael Polizzotto	Former CMO/CIO	0.00		$0	$57,282	$466,857
James Cole DO	VP Medical Affairs/CMO	2.00	Officer	$0	$98,367	$461,963
Julia Zimmerman	VP Strategic Growth	2.00	Officer	$0	$120,021	$434,201
William Mewes	Interim VP Patient Services & CNO	2.00	Officer	$0	$39,841	$433,782
Allen D Williams MD	Director	2.00	Director	$0	$73,004	$420,967
Rosa Jeschke	VP Human Resources	2.00	Officer	$0	$40,004	$337,589
Anna Taylor	VP Patient Svcs & CNO (until 2/24)	2.00	Officer	$0	$5,683	$201,908
Daniel T Ross	Chmn of the Board	2.00	Officer Director	$0	$0	$0
Jeffrey J Kaney Sr	Immediate Past Chairman (until 6/24)	2.00	Officer Director	$0	$0	$0
Jeffrey S Hultman	1st Vice Chmn/Secy	2.00	Officer Director	$0	$0	$0
Thomas R Walsh	Audit/Compliance Chairman	2.00	Director	$0	$0	$0
Michael Broski	Director	2.00	Director	$0	$0	$0
Helen Chung Hill	Director	2.00	Director	$0	$0	$0
Kathleen Kelly MD	Director	2.00	Director	$0	$0	$0
Marco T Lenis	Director	2.00	Director	$0	$0	$0
Pamela Maher	Director	2.00	Director	$0	$0	$0
Anqunette Parham	Director	2.00	Director	$0	$0	$0
Steven C Sjogren	Director	2.00	Director	$0	$0	$0
Frank Walter	Director	2.00	Director	$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
2025	No data	No data	No data	No data
2024	$39,277	$1,345,876	$39,669,775	$-1,306,599
2023	$85,163	$1,228,453	$39,669,975	$-1,143,290
2022	$116,722	$1,145,353	$40,131,758	$-1,028,631
2021	$32,726	$1,136,893	$39,759,084	$-1,104,167
2020	$24,303	$933,885	$39,653,612	$-909,582
2019	$-6,704	$968,411	$40,155,986	$-975,115
2018	$-60,327	$1,602,717	$40,123,067	$-1,663,044

SwedishAmerican Health System Corp