Presence Care Transformation Corpo… - Form 990 Financial Data

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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

1985

Legal Domicile

Phone

3147338000

Tax Period

2022-07-01 to 2023-06-30

Presence Care Transformation Corporation, founded in 1985, is a community nonprofit in the Health Care sector that reported $3.5M in total revenue in fiscal year 2022. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $46.5M exceeded revenue, resulting in a 1238% operating deficit.

Mission

ROOTED IN THE LOVING MINISTRY OF JESUS AS HEALER, WE COMMIT OURSELVES TO SERVING ALL PERSONS WITH SPECIAL ATTENTION TO THOSE WHO ARE POOR AND VULNERABLE. OUR CATHOLIC HEALTH MINISTRY IS DEDICATED TO SPIRITUALLY-CENTERED, HOLISTIC CARE WHICH SUSTAINS AND IMPROVES THE HEALTH OF INDIVIDUALS AND COMMUNITIES. WE ARE ADVOCATES FOR A COMPASSIONATE AND JUST SOCIETY THROUGH OUR ACTIONS AND OUR WORDS.

Program Service Accomplishments

Program 1

Expenses: $26,452,099 Revenue: $2,452,850

THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO...

THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO THOSE WHO NEED IT THE MOST. PRESENCE CARE TRANSFORMATION CORPORATION PROVIDES CENTRALIZED CORPORATE MANAGEMENT SERVICES TO PRESENCE HEALTH AND RECEIVES MANAGEMENT FEE INCOME FOR THE SERVICES IT PROVIDES TO ALL ORGANIZATIONS IN THE SYSTEM. BY CENTRALIZING THESE SERVICES, PRESENCE HEALTH CAN PREVENT DUPLICATION AND BETTER UTILIZE SCARCE RESOURCES. FOR EXAMPLE, CERTAIN INFORMATION TECHNOLOGY AND TELEHEALTH ACTIVITIES ARE SERVICES PROVIDED CENTRALLY THROUGH PRESENCE CARE TRANSFORMATION CORPORATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,452,535

Investment Income $111,277

Other Revenue $908,502

TOTAL REVENUE $3,472,314

Expense Breakdown

Grants Paid $104,890

Salaries & Benefits $9,639,835

Fundraising Expenses $0

Program Expenses $26,452,099

Other Expenses $36,709,499

TOTAL EXPENSES $46,454,224

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,472,314	$4,815,155	-0.3%
Expenses	$46,454,224	$50,507,083	-0.1%
Net Income	$-42,981,910	$-45,691,928	-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

N/A

Employees

12279

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

$4,541,692

Total Directors

$3,906,674

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	PRESIDENT	0.0	Officer Director	$0	$47,428	$569,095
N/A	CHAIR (END 9/2022)	0.0	Officer Director	$0	$39,455	$2,367,708
N/A	DIRECTOR	0.0	Director	$0	$39,531	$969,871
N/A	SECRETARY	0.0	Officer	$0	$33,263	$326,841
N/A	TREASURER/CFO, ASCENSION ILLINOIS	0.0	Officer	$0	$48,380	$1,278,048
N/A	PHYSICIAN	50.0	Highest	$958,397	$45,442	$1,003,839
N/A	PHYSICIAN	50.0	Highest	$1,658,598	$57,244	$1,715,842
N/A	PHYSICIAN	50.0	Highest	$1,099,151	$57,674	$1,156,825
N/A	PHYSICIAN	50.0	Highest	$1,013,607	$50,226	$1,063,833
N/A	PHYSICIAN	50.0	Highest	$1,188,078	$50,365	$1,238,443
N/A	FORMER OFFICER (END 4/2022)	0.0		$0	$26,748	$330,877

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	No data	No data	No data	No data
2023	$3,472,314	$46,454,224	$117,430,506	$-42,981,910
2022	$4,815,155	$50,507,083	$151,006,187	$-45,691,928
2021	$3,001,800	$136,202,119	$187,883,882	$-133,200,319
2020	$416,757,920	$168,134,943	$341,971,155	$248,622,977
2019	$243,717,492	$207,612,216	$455,532,720	$36,105,276

Presence Care Transformation Corporation