INDEPENDENCE HEALTH SYSTEM INC (EIN 430926316) - 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

1969

Legal Domicile

Principal Officer

DANA KORANDO

Phone

5735476546

Tax Period

2024-01-01 to 2024-12-31

INDEPENDENCE HEALTH SYSTEM INC, founded in 1969, is a community nonprofit that reported $9.6M in total revenue in fiscal year 2024. Expenses of $8.8M left a modest 8% surplus.

Mission

INDEPENDENCE HEALTH SYSTEM, INC. IS DEDICATED TO DELIVERING EFFECTIVE, EFFICIENT, AND RESPECTFUL CARE TO OUR RESIDENTS WITH INTEGRITY AND ACCOUNTABILITY USING BOTH PROVEN AND INNOVATIVE METHODS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,308,594

Investment Income $208,791

Other Revenue $41,382

TOTAL REVENUE $9,558,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,885,238

Fundraising Expenses $0

Program Expenses $7,706,434

Other Expenses $2,895,332

TOTAL EXPENSES $8,780,570

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,558,767	$9,280,193	+0.0%
Expenses	$8,780,570	$9,541,150	-0.1%
Net Income	$778,197	$-260,957	-4.0%

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

210

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

$271,610

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN DREYER	PRESIDENT	2.00	Officer Director	$0	$0	$0
DONALD PALISCH	BOARD MEMBER	1.00	Director	$0	$0	$0
FRED EGGERS	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER STREILER	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDITH ERNST	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
JUSTIN KOENIG	BOARD MEMBER	1.00	Director	$0	$0	$0
PATTY WICHERN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TERRI GREEN	BOARD MEMBER	1.00	Director	$0	$0	$0
VIDA YAMNITZ	BOARD MEMBER	1.00	Director	$0	$0	$0
DANA KORANDO	ADMINISTRATOR/CEO	40.00	Officer	$148,683	$6,493	$155,176
RHONDA PFISTER	CFO	40.00	Officer	$97,059	$19,375	$116,434

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	$9,558,767	$8,780,570	$19,531,350	$778,197
2023	$9,280,193	$9,541,150	$17,455,335	$-260,957
2022	$8,678,890	$9,033,558	$16,593,629	$-354,668
2021	$7,693,259	$7,762,314	$18,722,799	$-69,055
2020	$9,892,921	$7,930,627	$17,734,252	$1,962,294
2019	$9,508,065	$7,915,906	$14,592,693	$1,592,159
2018	$9,948,688	$7,993,603	$11,644,253	$1,955,085

INDEPENDENCE HEALTH SYSTEM INC