GRAND RAPIDS, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)TOTAL HEALTH CARE INC, founded in 1973, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 259% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 100% operating margin.
TO IMPROVE HEALTH, INSTILL HUMANITY AND INSPIRE HOPE.
THE ORGANIZATION WAS FORMED AS A HEALTH MAINTENANCE ORGANIZATION SERVING EXCLUSIVELY A POOR AND INDIGENT POPULATION UNDER THE STATE SPONSORED MEDICAID PROGRAM PROVIDING COMPREHENSIVE MEDICAL SERVICES...
THE ORGANIZATION WAS FORMED AS A HEALTH MAINTENANCE ORGANIZATION SERVING EXCLUSIVELY A POOR AND INDIGENT POPULATION UNDER THE STATE SPONSORED MEDICAID PROGRAM PROVIDING COMPREHENSIVE MEDICAL SERVICES AND INSURANCE.EFFECTIVE OCTOBER 1, 2021 THE ORGANIZATION'S MEMBERSHIP AND MEDICAID CONTRACT WERE TRANSFERRED TO PRIORITY HEALTH CHOICE, INC. (A RELATED TAX-EXEMPT ORGANIZATION). ALL REMAINING ACTIVITY IS OPERATING ON A RUN-OUT BASIS, WITH NO NEW MEMBERSHIP AGREEMENTS BEING WRITTEN.TOTAL HEALTH CARE, INC. WILL RETAIN ADEQUATE CASH AND INVESTMENTS TO MANAGE THE RUN-OUT OF ITS MEDICAID BUSINESS UNTIL FINAL DISSOLUTION IS APPROVED BY THE MICHIGAN DEPARTMENT OF INSURANCE AND FINANCIAL SERVICES. TOTAL HEALTH CARE, INC. HAS RETAINED ITS HMO LICENSE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,278,025 | $355,774 | +2.6% |
| Expenses | $2,029 | $1,350,782 | -1.0% |
| Net Income | $1,275,996 | $-995,008 | -2.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| PRAVEEN THADANI | DIRECTOR/PRESIDENT | 1.00 |
Officer
Director
|
$0 | $577,316 | $3,195,904 |
| JAMES FORSHEE MD | DIRECTOR | 1.00 |
Director
|
$0 | $149,757 | $909,463 |
| KIMBERLY THOMAS | DIRECTOR/SECRETARY | 1.00 |
Officer
Director
|
$0 | $177,268 | $794,069 |
| JOYCE CHAN RUSSELL | DIRECTOR | 1.00 |
Director
|
$0 | $106,424 | $777,567 |
| MICHAEL JASPERSON | DIRECTOR | 1.00 |
Director
|
$0 | $132,583 | $712,046 |
| NICHOLAS GATES | DIRECTOR/TREASURER | 1.00 |
Officer
Director
|
$0 | $127,070 | $650,577 |
| JIANHUA YU | FORMER KEY EMPLOYEE | 0.00 |
|
$0 | $0 | $1,434,422 |
| MICHAEL KOZIARA | FORMER KEY EMPLOYEE | 0.00 |
|
$0 | $0 | $764,843 |
| NOEL UPFALL | FORMER KEY EMPLOYEE | 1.00 |
|
$0 | $43,456 | $404,809 |
| SUSAN RYAN | FORMER HIGHEST COMPENSATED | 1.00 |
|
$0 | $31,750 | $242,842 |
| SARA MCGLYNN | FORMER HIGHEST COMPENSATED | 1.00 |
|
$0 | $35,992 | $187,568 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,278,025 | $2,029 | $13,025,231 | $1,275,996 |
| 2022 | $355,774 | $1,350,782 | $12,374,285 | $-995,008 |
| 2021 | $180,321,159 | $158,004,603 | $80,244,042 | $22,316,556 |
| 2020 | $189,639,296 | $180,622,891 | $91,380,990 | $9,016,405 |
| 2019 | $191,443,767 | $196,896,679 | $104,297,480 | $-5,452,912 |
| 2018 | $197,885,724 | $191,187,200 | $108,837,582 | $6,698,524 |
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