QUARTZ HEALTH PLAN CORPORATION (EIN 391807071) - 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

1995

Legal Domicile

Principal Officer

CHRISTINE C SENTY

Phone

6084714771

Tax Period

2023-01-01 to 2023-12-31

QUARTZ HEALTH PLAN CORPORATION, founded in 1995, is a major nonprofit that reported $431.5M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE SOCIAL WELFARE BY OPERATION OF A HEALTH MAINTENANCE ORGANIZATION AND OTHER ACTIVITIES INCIDENTAL THERETO.

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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 $428,752,288

Investment Income $2,778,195

Other Revenue $0

TOTAL REVENUE $431,530,483

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,318,756

Fundraising Expenses $0

Program Expenses $413,383,037

Other Expenses $420,261,022

TOTAL EXPENSES $438,579,778

Year-over-Year Comparison

	2023	2022	Change
Revenue	$431,530,483	$391,121,092	+0.1%
Expenses	$438,579,778	$397,289,259	+0.1%
Net Income	$-7,049,295	$-6,168,167	+0.1%

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

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

$3,671,534

Total Directors

$56,042

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERALD E ARNDT	BOD - MEMBER	2.00	Director	$0	$0	$18,473
GERALD R KEMBER	BOD - MEMBER	2.00	Director	$0	$0	$15,092
GEORGE H TERVALON III	BOD - MEMBER	2.00	Director	$0	$0	$12,175
RANDY R BRUEGMAN	BOD - MEMBER	2.00	Director	$0	$0	$10,302
WILLIAM J FARRELL	BOD - CHAIRMAN	2.00	Director	$0	$0	$0
ALAN S KAPLAN MD	BOD - MEMBER	2.00	Director	$0	$0	$0
CAREY M GEHL	BOD - MEMBER	2.00	Director	$0	$0	$0
GERALD P OETZEL	BOD - MEMBER (TERM 08/2023)	2.00	Director	$0	$0	$0
JENNIFER B ATKINS	BOD - MEMBER (TERM DURING 2023)	2.00	Director	$0	$0	$0
MICHAEL J DOLAN MD	BOD - MEMBER (START 12/2023)	2.00	Director	$0	$0	$0
REBEKAH J GALES SWAIN	BOD - MEMBER (START 12/2023)	2.00	Director	$0	$0	$0
ROBERT W FLANNERY	BOD - MEMBER	2.00	Director	$0	$0	$0
SUSAN I ERICKSON	BOD - MEMBER	2.00	Director	$0	$0	$0
SUSAN R JOHANSEN GREEN	BOD - MEMBER (TERM 08/2023)	2.00	Director	$0	$0	$0
MARK J SELNA MD	PRESIDENT & CEO (TERM 05/2023)	2.00	Officer	$0	$37,104	$847,355
JEFFREY A BUTCHER	SENIOR VP, TREASURER & CFO	2.00	Officer	$0	$35,818	$686,402
CHRISTINE C SENTY JD	PRESIDENT & CEO	2.00	Officer	$0	$46,696	$618,458
DAVID S HANEKOM MD	SENIOR VP & CHIEF MEDICAL OFFICER	2.00	Officer	$0	$48,240	$588,700
JAMES L HIVELEY	VP, TREASURER & CFO (TERM 04/2023)	2.00	Officer	$0	$23,113	$540,467
KRISTIE S BREUNIG JD	GENERAL COUNSEL, VP & SECRETARY	2.00	Officer	$0	$38,955	$311,194
JAMI J BERGER SENIOR VP CHIEF	CLINICAL OFFICER (AS OF 11/2023)	2.00	Officer	$0	$0	$78,958

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
2024	No data	No data	No data	No data
2023	$431,530,483	$438,579,778	$113,470,719	$-7,049,295
2022	$391,121,092	$397,289,259	$91,900,389	$-6,168,167
2021	$332,612,093	$328,180,533	$73,798,914	$4,431,560
2020	$280,837,276	$271,983,800	$75,250,286	$8,853,476
2019	$252,573,867	$252,382,632	$55,635,092	$191,235

QUARTZ HEALTH PLAN CORPORATION