SPECIALTY HEALTHCARE BENEFITS COUN… - 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

1999

Legal Domicile

Principal Officer

JOSEPH EICHENHOLZ

Phone

2019234534

Tax Period

2023-07-01 to 2024-06-30

Mission

OUR PURPOSE IS TO BALANCE VALUE AS WE ENCOURAGE THE USE OF SPECIALTY HEALTHCARE PRODUCTS AND SERVICES TO IMPROVE THE HEALTH OF OUR SOCIETY. AS THE NEED FOR SPECIALTY HEALTHCARE BENEFITS INCREASES, THERE IS A PARALLEL RESPONSIBILITY TO ENSURE UTILIZATION IS APPROPRIATE AND CLINICALLY SOUND. BY BRINGING TOGETHER THE COMMUNITY OF STAKEHOLDERS, WE HOPE TO PROVIDE A PATHWAY TO ALLOW SUSTAINABLE USE OF THESE PRODUCTS AND TO DEFINE FUTURE BENEFIT OPTIONS, DISTRIBUTION SYSTEMS, AND MANAGEMENT TOOLS WHILE WEAVING TOGETHER THE BENEFIT SYSTEMS THAT WILL DELIVER THE RIGHT CARE TO THE RIGHT PATIENT AT THE RIGHT TIME. OUR MEMBERS RECOGNIZE THE USE OF THESE PRODUCTS MAY BE SUSTAINED ONLY WHEN VALUE IS CLEARLY IDENTIFIED. WE SEEK VALUE BY BALANCING THE TRIANGLE OF COST, ACCESS, AND QUALITY FOR THESE PRODUCTS. AS A NONPROFIT ORGANIZATION, WE PROVIDE A FORUM FOR COLLABORATION AMONG PAYERS, VENDORS, AND DISTRIBUTORS IN A DYNAMIC MARKETPLACE. WE DO NOT ENDORSE INDIVIDUAL PRODUCTS OR COMPANIES.

Program Service Accomplishments

Program 1

THE COUNCIL SEEKS TO FOSTER INTERDISCIPLINARY COLLABORATION AND INFORMATION EXCHANGE IN THE P&T PROCESS. WE SUPPORT EVIDENCE-BASED FORMULARY DEVELOPMENT AND IMPLEMENTATION ACROSS ALL PRACTICE...

THE COUNCIL SEEKS TO FOSTER INTERDISCIPLINARY COLLABORATION AND INFORMATION EXCHANGE IN THE P&T PROCESS. WE SUPPORT EVIDENCE-BASED FORMULARY DEVELOPMENT AND IMPLEMENTATION ACROSS ALL PRACTICE SETTINGS AS KEY ELEMENTS IN VALUE-BASED DESIGN. WE EVALUATE BEST PRACTICES IN P&T ORGANIZATION, PROCESS AND OUTCOMES, AND SHARE WHAT WE LEARN WITH ALL INTERESTED PARTIES. THE BOARD OF TRUSTEES HAS IDENTIFIED SIX STRATEGIC OBJECTIVES FOR THE SOCIETY: 1) SERVE AS A CLEARINGHOUSE AND RESOURCE CENTER TO ENCOURAGE THE EXCHANGE OF INFORMATION NECESSARY FOR THE SUCCESS OF OUR MEMBERS' EFFORTS. 2) ENHANCE THE KNOWLEDGE AND EXPERTISE OF OUR MEMBERS THROUGH CONTINUING EDUCATION AND TRAINING PROGRAMS. 3) SERVE AS A FOCAL POINT FOR POLICY STATEMENTS ON ISSUES OF CONCERN FOR MEMBERS AND THE PUBLIC. 4)DEVELOP PRACTICAL TOOLS THAT ENHANCE OR SIMPLIFY THE P&T COMMITTEE PROCESS. 5) ESTABLISH A FORUM FOR COLLABORATION AMONG ALL HEALTH CARE PROFESSIONALS AND OTHERS INVOLVED IN THE P&T PROCESS. 6) PROMOTE THE USE OF EVIDENCE-BASED TOOLS IN ALL ASPECTS OF BENEFIT DESIGN, FORMULARY DEVELOPMENT AND IMPLEMENTATION.

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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 $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,834

TOTAL EXPENSES $2,834

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	N/A	N/A
Expenses	$2,834	$2,890	0.0%
Net Income	N/A	$-2,890	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT F CARTA	DIRECTOR	N/A	Director	$0	$0	$0
ANNE BOLAND DOCIMO	DIRECTOR	N/A	Director	$0	$0	$0
JOSEPH EICHENHOLZ	EXECUTIVE DI	N/A	Officer Director	$0	$0	$0
LYNN L FRANZONI	DIRECTOR	N/A	Director	$0	$0	$0
DAN HARDIN	DIRECTOR	N/A	Director	$0	$0	$0
N/A	PRESIDENT	N/A	Officer Director	$0	$0	$0
DANIEL P KUS	DIRECTOR	N/A	Director	$0	$0	$0
MARIA MARTINS-LOPES	DIRECTOR	N/A	Director	$0	$0	$0
SHARI FINE MD	DIRECTOR	N/A	Director	$0	$0	$0
EDWARD PEZALLA	TREASURER	N/A	Officer Director	$0	$0	$0
GARY RICE	DIRECTOR	N/A	Director	$0	$0	$0
BENJAMIN J SCHATZMAN	DIRECTOR	N/A	Director	$0	$0	$0
WILLIAM SIMONSON	DIRECTOR	N/A	Director	$0	$0	$0
CELYNDA TADLOCK	SECRETARY	N/A	Officer 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	No data	$2,834	$4,340	No data
2023	No data	$2,890	$7,137	No data
2022	No data	$2,820	$9,724	No data
2021	No data	$5,496	$12,544	No data
2020	No data	$8,961	$18,040	No data
2019	No data	$11,652	$27,001	No data
2018	$20,000	$25,634	$39,903	$-5,634
2017	$62,700	$45,409	$45,287	$17,291

SPECIALTY HEALTHCARE BENEFITS COUNCIL INC