BLUESTEM HEALTH (EIN 412056863) - 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

2002

Legal Domicile

Principal Officer

BRAD MEYER

Phone

4024761640

Tax Period

2023-01-01 to 2023-12-31

BLUESTEM HEALTH, founded in 2002, is a mid-sized nonprofit in the Health Care sector that reported $28.7M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.6M, a strong 20% operating margin.

Mission

TO BE A TRUSTED RESOURCE FOR EXCELLENT MEDICAL, DENTAL AND BEHAVIORAL HEALTH SERVICES.

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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 $8,407,015

Program Service Revenue $20,015,478

Investment Income $247,143

Other Revenue $70,351

TOTAL REVENUE $28,739,987

Expense Breakdown

Grants Paid $19,190

Salaries & Benefits $14,068,287

Fundraising Expenses $0

Program Expenses $18,301,747

Other Expenses $9,025,070

TOTAL EXPENSES $23,112,547

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,739,987	$23,709,333	+0.2%
Expenses	$23,112,547	$21,741,276	+0.1%
Net Income	$5,627,440	$1,968,057	+1.9%

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

267

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

$1,005,929

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MICHAEL ISRAEL	CMO	40.00	Officer	$333,232	$43,281	$376,513
DR HEATHER KLEEMAN	PHYSICIAN	40.00	Highest	$290,786	$30,315	$321,101
DR ANDREW SHAHAN	DEPUTY MEDICAL DIRECTOR	40.00	Highest	$306,502	$8,238	$314,740
DR CHARLES KRESHEL	PHYSICIAN	40.00	Highest	$292,838	$11,599	$304,437
BRAD MEYER	CEO	40.00	Officer	$258,473	$10,329	$268,802
DR HORACIO ALVAREZ RAMIREZ	PHYSICIAN	40.00	Highest	$231,941	$19,796	$251,737
ANTHONY COX	PHYSICIAN ASSISTANT	40.00	Highest	$203,660	$8,035	$211,695
SHANE LUDWIG	COO	40.00	Officer	$175,121	$17,341	$192,462
JACQUE FANNING	CFO	40.00	Officer	$151,284	$16,868	$168,152
VINCENT PAUL RAMIREZ	CHAIR (THROUGH OCTOBER 2023)	2.00	Officer Director	$0	$0	$0
ANDREW SCHILL	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BETSY TONNIGES	SECRETARY (THROUGH JANUARY 2023)	2.00	Officer Director	$0	$0	$0
LUCY FLOREZ	DIRECTOR & SECRETARY	2.00	Officer Director	$0	$0	$0
NIKI STEHLIK	TREASURER (THROUGH JANUARY 2023)	2.00	Officer Director	$0	$0	$0
BETH WHITAKER	DIRECTOR & TREASURER	2.00	Officer Director	$0	$0	$0
BOB BLEICHER	DIRECTOR	1.00	Director	$0	$0	$0
DEREK BLUMENSTOCK	DIRECTOR	1.00	Director	$0	$0	$0
ROMEO GUERRA	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN KARMAZIN	DIRECTOR (THROUGH NOVEMBER 2023)	1.00	Director	$0	$0	$0
MICHELLE ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
TYLER STRONG	DIRECTOR	1.00	Director	$0	$0	$0
LECIA ANN VITOSH	DIRECTOR	1.00	Director	$0	$0	$0
JANICE WALKER	DIRECTOR (THROUGH AUGUST 2023)	1.00	Director	$0	$0	$0
DAVID WISCH	DIRECTOR (THROUGH NOVEMBER 2023)	1.00	Director	$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
2024	No data	No data	No data	No data
2023	$28,739,987	$23,112,547	$30,623,598	$5,627,440
2022	$23,709,333	$21,741,276	$21,288,790	$1,968,057
2021	$22,863,216	$19,235,018	$12,281,950	$3,628,198
2020	$18,625,664	$17,143,927	$9,768,873	$1,481,737
2019	$14,192,659	$13,918,947	$5,979,739	$273,712
2018	$11,027,473	$10,744,741	$5,258,287	$282,732

BLUESTEM HEALTH