PRIMARY HEALTH CARE INC (EIN 421350092) - 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

1989

Legal Domicile

Phone

5152481447

Tax Period

2023-07-01 to 2024-06-30

PRIMARY HEALTH CARE INC, founded in 1989, is a mid-sized nonprofit in the Health Care sector that reported $62.4M in total revenue in fiscal year 2023.

Mission

PRIMARY HEALTH CARE PROVIDES MEDICAL, MENTAL HEALTH, DENTAL, AND SUPPORTIVE SERVICES WITH EXCEPTIONAL COMPASSION AND RESPECT.

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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 $29,326,717

Program Service Revenue $33,011,790

Investment Income $96,314

Other Revenue $4,499

TOTAL REVENUE $62,439,320

Expense Breakdown

Grants Paid $7,910,623

Salaries & Benefits $31,459,130

Fundraising Expenses $9,534

Program Expenses $54,291,851

Other Expenses $23,338,554

TOTAL EXPENSES $62,717,841

Year-over-Year Comparison

	2023	2022	Change
Revenue	$62,439,320	$60,504,573	+0.0%
Expenses	$62,717,841	$59,485,775	+0.1%
Net Income	$-278,521	$1,018,798	-1.3%

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

550

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

$1,151,284

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN BELLUS	VICE CHAIR	1.0	Officer Director	$0	$0	$0
ROGER LACOY	BOARD SECRETARY	1.0	Officer Director	$0	$0	$0
SCOTT EMISON CLAIR	CHAIR	1.0	Officer Director	$0	$0	$0
TED JOHNSON	TREASURER	2.0	Officer Director	$0	$0	$0
ALICIA HUGUELET	BOARD MEMBER	1.0	Director	$0	$0	$0
BILLIE WADE	BOARD MEMBER	1.0	Director	$0	$0	$0
DENISE ESSMAN	BOARD MEMBER	1.0	Director	$0	$0	$0
JANET HICKS	BOARD MEMBER	1.0	Director	$0	$0	$0
JENI NOSBISCH	BOARD MEMBER	1.0	Director	$0	$0	$0
KARIN DERRY	PAST CHAIR	1.0	Director	$0	$0	$0
MARYNA SALAS	BOARD MEMBER	1.0	Director	$0	$0	$0
SANDY HANSEN	BOARD MEMBER END 02/24	1.0	Director	$0	$0	$0
SERGIO HERNANDEZ	BOARD MEMBER	1.0	Director	$0	$0	$0
BERY ENGEBRETSEN	CVO	5.0	Officer	$28,490	$635	$29,125
ELIZABETH FRANTUM	CFO	40.0	Officer	$144,988	$10,205	$155,193
HEIDI SHRECK	CMO	40.0	Officer	$259,878	$16,054	$275,932
JASON KESSLER	MEDICAL DIRECTOR	40.0	Officer	$89,622	$1,630	$91,252
JENNY BROWN	HR DIRECTOR	40.0	Officer	$82,856	$15,320	$98,176
JULIE RAASCH	CQO	40.0	Officer	$120,388	$6,548	$126,936
KELLY HUNTSMAN	CEO	40.0	Officer	$223,756	$21,283	$245,039
NATHANIEL SIMPSON	COO	40.0	Officer	$117,397	$12,234	$129,631
ALAN BOLLINGER	PHYSICIAN - FAMILY PRACTICE	40.0	Highest	$229,332	$16,860	$246,192
BRIAN WADE ANCELL	DENTIST	40.0	Highest	$185,300	$12,170	$197,470
JENNIFER GROOS	PHYSICIAN - PEDIATRICS	40.0	Highest	$188,075	$14,382	$202,457
MAUREEN TACKE	PHYSICIAN - FAMILY PRACTICE	40.0	Highest	$266,626	$17,183	$283,809
SUSAN KENNEDY	PHYSICIAN - FAMILY PRACTICE	40.0	Highest	$252,307	$14,784	$267,091

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	$62,439,320	$62,717,841	$36,744,976	$-278,521
2023	$60,504,573	$59,485,775	$34,421,742	$1,018,798
2022	$53,851,997	$53,135,670	$30,783,155	$716,327
2021	$57,901,861	$50,244,975	$28,991,051	$7,656,886
2020	$42,603,601	$45,054,129	$23,482,894	$-2,450,528
2019	$42,316,900	$43,868,656	$18,878,337	$-1,551,756
2018	$43,257,617	$42,159,058	$21,387,275	$1,098,559

PRIMARY HEALTH CARE INC