PROCTOR HEALTH SYSTEMS

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Phone

2173833311

Tax Period

2023-01-01 to 2023-12-31

PROCTOR HEALTH SYSTEMS, founded in 1997, is a mid-sized nonprofit in the Health Care sector that reported $43.0M in total revenue in fiscal year 2023. Revenue surged 2348% from the prior year, signaling strong growth momentum. Expenses of $73.9M exceeded revenue, resulting in a 72% operating deficit.

Mission

TO PROVIDE QUALITY, COST-EFFECTIVE HEALTH CARE TO THE GENERAL PUBLIC LIVING AND WORKING IN THE COMMUNITY IN SUPPORT OF AND AS AN EXTENSION OF THE CHARITABLE SERVICES PROVIDED BY THE CARLE FOUNDATION AND ITS AFFILIATES.

Program Service Accomplishments

Program 1

Expenses: $71,581,348 Revenue: $43,084,945

HEALTH CARE SERVICES PROVIDED FOR THE CONVENIENCE OF THE PATIENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $37,019

Program Service Revenue $41,624,752

Investment Income $663

Other Revenue $1,336,658

TOTAL REVENUE $42,999,092

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,159,958

Fundraising Expenses $0

Program Expenses $71,581,348

Other Expenses $23,740,240

TOTAL EXPENSES $73,900,198

Year-over-Year Comparison

	2023	2022	Change
Revenue	$42,999,092	$1,756,701	+23.5%
Expenses	$73,900,198	$2,453,833	+29.1%
Net Income	$-30,901,106	$-697,132	+43.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

714

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

$13,453,885

Total Directors

$694,153

Key Employees

$1,368,996

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Secretary/Treasurer	1.0	Officer Director	$0	$0	$0
N/A	Trustee; Vice Chair	1.0	Officer Director	$0	$0	$3,625
N/A	Chair	1.0	Officer Director	$0	$33,314	$686,903
N/A	Vice Chair THRU 04/01/2023	1.0	Officer Director	$0	$0	$0
N/A	Trustee	0.5	Director	$0	$0	$3,625
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Officer - EVP, Chief Finance & Strategy Officer BEG 04/01/2023	1.0	Officer	$0	$366,889	$1,762,884
N/A	Officer - President & CEO	0.5	Officer	$0	$36,885	$5,726,886
N/A	Chief Finance Officer THRU 03/31/2023	1.0	Officer	$0	$24,330	$339,225
N/A	Ex Officio, Non-Voting // Officer - President, Carle Health - West Region	1.0	Officer	$0	$44,092	$1,672,938
N/A	VP, Finance - West Region	1.0	Officer	$0	$11,595	$274,454
N/A	Ex Officio, Non-Voting // Officer - President, Carle Health Regions // EVP, COO	1.0	Officer	$0	$363,305	$1,930,636
N/A	Officer - EVP, Chief Medical Officer	1.0	Officer	$0	$115,459	$1,056,334
N/A	VP, WEST REGION Clinic Operations	40.0	Key Emp	$196,229	$17,416	$213,645
N/A	EVP, Chief Human Resources Officer	1.0	Key Emp	$0	$209,640	$1,155,351
N/A	Physician - Internal Medicine	40.0	Highest	$376,738	$28,101	$404,839
N/A	Physician - Family Medicine	40.0	Highest	$406,009	$26,235	$432,244
N/A	Physician - Primary Care	40.0	Highest	$377,657	$40,352	$418,009
N/A	Physician - Pediatrics	40.0	Highest	$472,253	$20,632	$492,885
N/A	Physician - Primary Care	40.0	Highest	$570,694	$29,198	$599,892

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	$42,999,092	$73,900,198	$41,699,839	$-30,901,106
2022	$1,756,701	$2,453,833	$929,928	$-697,132
2021	$2,988,441	$4,436,181	$1,601,952	$-1,447,740
2020	$3,127,025	$4,739,158	$2,065,373	$-1,612,133
2019	$5,180,665	$7,595,320	$1,810,763	$-2,414,655
2018	$9,804,012	$14,272,979	$2,531,660	$-4,468,967