ALLEN HEALTH SYSTEMS INC

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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

1983

Legal Domicile

Principal Officer

JENNIFER FRIELDY

Phone

3192353995

Tax Period

2023-01-01 to 2023-12-31

ALLEN HEALTH SYSTEMS INC, founded in 1983, is a community nonprofit that reported $6.9M in total revenue in fiscal year 2023. Revenue surged 153% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.3M, a strong 62% operating margin.

Mission

TO IMPROVE THE HEALTH CARE OF THE PEOPLE AND COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $2,583,885 Revenue: $0

AFFILIATE SUPPORT SERVICESALLEN HEALTH SYSTEM IS ORGANIZED TO SUPPORT THE MISSIONS OF SEVERAL RELATED CHARITABLE, TAX-EXEMPT ORGANIZATIONS INCLUDING ALLEN MEMORIAL HOSPITAL CORPORATION, MEMORIAL...

AFFILIATE SUPPORT SERVICESALLEN HEALTH SYSTEM IS ORGANIZED TO SUPPORT THE MISSIONS OF SEVERAL RELATED CHARITABLE, TAX-EXEMPT ORGANIZATIONS INCLUDING ALLEN MEMORIAL HOSPITAL CORPORATION, MEMORIAL FOUNDATION OF ALLEN HOSPITAL, AND ALLEN COLLEGE. THE SUPPORT SERVICES PROVIDED TO THESE ORGANIZATIONS ARE TO CONSTRUCT, OWN, LEASE, MANAGE, OPERATE, PROVIDE AND MAINTAIN ANY FACILITIES, PROGRAMS, SERVICES (MANAGEMENT OR OTHERWISE) AND RELATED ACTIVITIES, IN FURTHERANCE OF HEALTH-CARE OR HEALTH EDUCATION. FACILITIES INCLUDE A HOSPITAL, CLINICS, EDUCATIONAL FACILITIES, AND OTHER ESTABLISHMENTS CREATED TO CARRY THROUGH HEALTH-CARE AND EDUCATIONAL PROGRAMS. THE PRIMARY PURPOSE OF THE CORPORATION IS TO ENGAGE IN AND CONDUCT CHARITABLE, EDUCATIONAL, RELIGIOUS AND SCIENTIFIC ACTIVITIES IN ACCORDANCE WITH PREVIOUSLY STATED PURPOSES.

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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 $4,286,601

Program Service Revenue $0

Investment Income $2,583,885

Other Revenue $0

TOTAL REVENUE $6,870,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,583,885

Other Expenses $2,583,885

TOTAL EXPENSES $2,583,885

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,870,486	$2,719,660	+1.5%
Expenses	$2,583,885	$2,719,660	0.0%
Net Income	$4,286,601	$0	N/A

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

$2,237,261

Total Directors

$2,614,442

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STACEY BENTLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
HENRY BEVEL	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL BYL	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
KYLE CHRISTIASON MD	BOARD CHAIR	1.00	Officer Director	$0	$43,125	$427,928
PAMELA DELAGARDELLE TO 823	BOARD MEMBER/PRESIDENT/CEO	1.00	Officer Director	$0	$102,337	$1,082,998
JENNIFER FRIEDLY FR 823	BOARD MEMBER/MARKET PRES	1.00	Officer Director	$0	$76,127	$483,184
JOAN HEADINGTON	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROL HIBBS	BOARD MEMBER	1.00	Director	$0	$0	$0
LANCE HORBACH	BOARD MEMBER	1.00	Director	$0	$0	$0
PRADEEP RAMESH MD	BOARD MEMBER	1.00	Director	$0	$51,789	$620,332
JOSEPH TRIPP-RIEKS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY WERTZBERGER	BOARD MEMBER	1.00	Director	$0	$0	$0
ZACHARY FRENCH	VP FINANCE	1.00	Officer	$0	$16,492	$243,151
STEVEN PALMERSHEIM TO 1221	FORMER VP FIN/CFO UPC & ACO	0.00		$0	$77,246	$528,348

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	$6,870,486	$2,583,885	$73,490,295	$4,286,601
2022	$2,719,660	$2,719,660	$70,863,694	No data
2021	$1,818,609	$1,818,609	$73,303,694	No data
2020	$1,089,378	$1,089,378	$47,571,258	No data
2019	$2,870,053	$2,883,015	$43,714,275	$-12,962
2018	$2,631,539	$2,631,539	$48,196,914	No data