Borgess Health Alliance Inc (EIN 382335286) - 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

1980

Legal Domicile

Phone

3147338000

Tax Period

2022-07-01 to 2023-06-30

Borgess Health Alliance Inc, founded in 1980, is a community nonprofit in the Health Care sector that reported $4.2M in total revenue in fiscal year 2022. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $19.5M exceeded revenue, resulting in a 360% operating deficit.

Mission

To improve the health and well-being of all people in the communities we serve.

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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 $35,923

Program Service Revenue $1,814,788

Investment Income $0

Other Revenue $2,390,321

TOTAL REVENUE $4,241,032

Expense Breakdown

Grants Paid $87,500

Salaries & Benefits $7,761,702

Fundraising Expenses $0

Program Expenses $13,318,912

Other Expenses $11,670,267

TOTAL EXPENSES $19,519,469

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,241,032	$6,866,635	-0.4%
Expenses	$19,519,469	$22,216,289	-0.1%
Net Income	$-15,278,437	$-15,349,654	0.0%

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

295

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

$8,868,780

Total Directors

$7,829,415

Key Employees

$1,939,165

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	MINISTRY MARKET EXECUTIVE/PRESIDENT (START 1/2023)	0.0	Officer Director	$0	$37,944	$1,585,940
N/A	INTERIM MARKET PRESIDENT (START 8/2022 - END 12/2022)	0.0	Officer Director	$0	$54,191	$2,386,194
N/A	INTERIM MARKET PRESIDENT (START 7/2022 - END 8/2022)	0.0	Officer Director	$0	$47,680	$3,857,281
N/A	CFO, MINISTRY MARKET (START 7/2022 - END 3/2023)	0.0	Officer	$0	$19,904	$333,808
N/A	CFO, MINISTRY MARKET (START 3/2023)	0.0	Officer	$0	$35,511	$705,557
N/A	VP, OPERATIONS (END 7/2022)	50.0	Key Emp	$161,220	$15,119	$176,339
N/A	VP, OPERATIONS (END 7/2022)	50.0	Key Emp	$254,937	$26,040	$280,977
N/A	CHIEF MEDICAL OFFICER	50.0	Key Emp	$518,985	$44,633	$563,618
N/A	VP, NURSING	50.0	Key Emp	$158,578	$17,794	$231,304
N/A	PRESIDENT	50.0	Key Emp	$639,645	$47,282	$686,927
N/A	REGISTERED NURSE	50.0	Highest	$388,540	$7,625	$396,165
N/A	REGISTERED NURSE	50.0	Highest	$313,550	$6,805	$320,355
N/A	REGISTERED NURSE	50.0	Highest	$348,379	$6,100	$354,479
N/A	CMIO	50.0	Highest	$355,467	$23,902	$379,369
N/A	PHYSICIAN	50.0	Highest	$443,400	$10,675	$454,075
N/A	FORMER OFFICER (END 6/2022)	0.0		$0	$35,292	$491,082
N/A	FORMER OFFICER (END 6/2022)	50.0		$687,190	$31,498	$718,688

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	$4,241,032	$19,519,469	$63,247,486	$-15,278,437
2022	$6,866,635	$22,216,289	$78,536,381	$-15,349,654
2021	$6,896,966	$19,729,647	$46,781,570	$-12,832,681
2020	$7,087,856	$23,771,901	$17,586,734	$-16,684,045
2019	$7,621,632	$44,175,771	$28,930,142	$-36,554,139
2018	$8,167,732	$52,936,754	$42,469,163	$-44,769,022

Borgess Health Alliance Inc