SPARROW HEALTH SYSTEM (EIN 382542859) - 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

1984

Legal Domicile

Principal Officer

MARGARET DIMOND PHD

Phone

5173641000

Tax Period

2023-01-01 to 2023-06-30

SPARROW HEALTH SYSTEM, founded in 1984, is a mid-sized nonprofit in the Health Care sector that reported $77.4M in total revenue in fiscal year 2022. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $87.0M exceeded revenue, resulting in a 12% operating deficit.

Mission

IMPROVING THE HEALTH OF THE PEOPLE IN OUR COMMUNITIES BY PROVIDING QUALITY, COMPASSIONATE CARE TO EVERYONE, EVERYTIME.

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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 $4,856

Program Service Revenue $3,387,783

Investment Income $513,421

Other Revenue $73,528,110

TOTAL REVENUE $77,434,170

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,860,643

Fundraising Expenses $0

Program Expenses $8,142,671

Other Expenses $45,163,632

TOTAL EXPENSES $87,024,275

Year-over-Year Comparison

	2022	2021	Change
Revenue	$77,434,170	$162,255,597	-0.5%
Expenses	$87,024,275	$160,698,780	-0.5%
Net Income	$-9,590,105	$1,556,817	-7.2%

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
DAN BALICE	BOARD MEMBER	2.00	Director	$0	$0	$0
JEFF BENSON	BOARD MEMBER	2.00	Director	$0	$0	$0
RICHARD BRUNER	SECRETARY	2.00	Officer Director	$0	$0	$0
BRIAN CALLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
HAE MI CHOE	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES DOVER	PRESIDENT/CE	40.00	Officer Director	$0	$0	$0
CHRISTINE GOESCHEL	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES HALLAN	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES HERBERT	BOARD MEMBER	2.00	Director	$0	$0	$0
IFTIKER AHMAD MD	BOARD MEMBER	2.00	Director	$0	$0	$0
NANCY MCKEAGUE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CANDACE METCALF	BOARD MEMBER	2.00	Director	$0	$0	$0
SANDRA PEARSON	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN PIRICH	CHAIR	2.00	Officer Director	$0	$0	$0
KELLY PRESTON	BOARD MEMBER	2.00	Director	$0	$0	$0
KIMBERLY ROSS	BOARD MEMBER	2.00	Director	$0	$0	$0
LISA WEBB SHARPE	BOARD MEMBER	2.00	Director	$0	$0	$0
THOMAS BRES	SRVP/CAO/CIO	40.00	Officer	$0	$0	$0
KIRA CARTER-ROBERTSON	VP AFFILIATE	40.00	Officer	$0	$0	$0
BRAD CRAWFORD	VP/COO SMG O	40.00	Officer	$0	$0	$0
PAUL ENTLER	VP QUALITY A	40.00	Officer	$0	$0	$0
JOHN HYDEN	VP CHIEF INT	40.00	Officer	$0	$0	$0
AMI KIHN	VP REVENUE C	40.00	Officer	$0	$0	$0
DOUGLAS EDEMA MD	VP SMG	40.00	Officer	$0	$0	$0
DAVID MANGAN	VP MARKET &	40.00	Officer	$0	$0	$0
LISA PASCOE	DIR CORP GOV	40.00	Officer	$0	$0	$0
MARGARET DIMOND PHD	REGIONAL PRE	35.00	Officer	$0	$0	$0
PAULA REICHLE	SRVP/CFO/TRE	40.00	Officer	$0	$0	$0
JOSEPH RUTH	EXEC VP COO	40.00	Officer	$0	$0	$0
KATHLEEN SMITH	VP IT OPERAT	40.00	Officer	$0	$0	$0
TERESA ZNIDARSIC	VP CHIEF HR	40.00	Officer	$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	No data	No data	No data
2023	$77,434,170	$87,024,275	$1,237,955,988	$-9,590,105
2022	$162,255,597	$160,698,780	$1,041,796,926	$1,556,817
2022	$162,255,597	$160,698,780	$1,041,796,926	$1,556,817
2021	$147,878,003	$145,397,782	$1,189,859,070	$2,480,221
2020	$133,864,402	$128,857,421	$1,042,734,059	$5,006,981
2019	$146,980,116	$111,672,689	$1,016,822,511	$35,307,427
2018	$106,018,388	$103,062,126	$919,918,068	$2,956,262

SPARROW HEALTH SYSTEM