Sterling Area Health Center (EIN 382205859) - 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

1978

Legal Domicile

Principal Officer

George Olson

Phone

9896542491

Tax Period

2024-04-01 to 2025-03-31

Sterling Area Health Center, founded in 1978, is a mid-sized nonprofit in the Health Care sector that reported $13.5M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

Combining leadership and teamwork to provide caring, high quality, efficient, and affordable primary health care for all segments of the 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 (2024)

Revenue Breakdown

Contributions & Grants $5,751,271

Program Service Revenue $7,633,289

Investment Income $82,777

Other Revenue $36,695

TOTAL REVENUE $13,504,032

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,568,374

Fundraising Expenses $0

Program Expenses $10,560,966

Other Expenses $5,127,057

TOTAL EXPENSES $14,695,431

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,504,032	$11,027,070	+0.2%
Expenses	$14,695,431	$12,770,051	+0.2%
Net Income	$-1,191,399	$-1,742,981	-0.3%

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

151

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

$1,354,853

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Swaffield	Chairperson	1.00	Officer Director	$0	$0	$0
Tim Houghteling	Vice Chairperson	1.00	Officer Director	$0	$0	$0
Jeannette Krawczak	Treasurer	1.00	Officer Director	$0	$0	$0
Ronda Switek	Secretary	1.00	Officer Director	$0	$0	$0
Charles Bomaster	Director	1.00	Director	$0	$0	$0
Robin Korona	Director	1.00	Director	$0	$0	$0
Kristin Sullivan	Director	1.00	Director	$0	$0	$0
David Hickman	Director	1.00	Director	$0	$0	$0
Rachel Vallad	Director	1.00	Director	$0	$0	$0
Allan Miller	Director	1.00	Director	$0	$0	$0
Kenneth May	Director	1.00	Director	$0	$0	$0
George Olson	CEO	40.00	Officer	$249,039	$33,150	$282,189
Linda Runyon	Medical Director	40.00	Officer	$134,566	$8,671	$143,237
Keith Sleeper	Dental Director	40.00	Officer	$429,027	$36,029	$465,056
Heather Flues-Harrington	CFO	40.00	Officer	$149,423	$25,105	$174,528
Claudette Rashotte	COO	40.00	Officer	$95,800	$3,235	$99,035
Danielle Walsh-McPherson	Interim Medical Director	40.00	Officer	$190,800	$8	$190,808
Brian Kennedy	Physician	40.00	Highest	$129,678	$21,575	$151,253
AnnMarie Poleck	Physician	40.00	Highest	$153,821	$10,105	$163,926
Jessica Wilson	Nurse Practitioner	40.00	Highest	$121,626	$26,028	$147,654
Bassel Ahmad	Physician	40.00	Highest	$195,700	$10,588	$206,288
Allison Collier	Physician	40.00	Highest	$127,692	$3,310	$131,002

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	$13,504,032	$14,695,431	$8,100,271	$-1,191,399
2024	$11,027,070	$12,770,051	$9,462,445	$-1,742,981
2023	$11,798,823	$11,441,661	$10,364,106	$357,162
2022	$11,532,947	$10,571,209	$9,889,044	$961,738
2021	$9,382,892	$8,195,167	$9,174,682	$1,187,725
2020	$9,690,527	$8,376,022	$6,422,157	$1,314,505
2019	$7,875,374	$7,303,376	$4,988,796	$571,998
2018	$7,381,150	$7,076,923	$4,530,496	$304,227

Sterling Area Health Center