Pioneer Healthcare Trust (EIN 450445721) - 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

Matthew Larsgaard

Phone

7012936822

Tax Period

2024-07-01 to 2025-06-30

Pioneer Healthcare Trust, founded in 1995, is a mid-sized nonprofit that reported $34.2M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $32.0M left a modest 6% surplus.

Mission

To provide health insurance benefits for its members.

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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 $32,150,405

Investment Income $2,059,546

Other Revenue $0

TOTAL REVENUE $34,209,951

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,996,972

TOTAL EXPENSES $32,026,532

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,209,951	$30,546,035	+0.1%
Expenses	$32,026,532	$26,429,372	+0.2%
Net Income	$2,183,419	$4,116,663	-0.5%

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

N/A

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

$435,429

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marc Taylor	Chairman	1.00	Officer Director	$0	$0	$0
Joel Sirek	Vice Chairman	1.00	Officer Director	$0	$0	$0
Steve Zaun	Trustee	1.00	Director	$0	$0	$0
Mike Weisenberger	Trustee	1.00	Director	$0	$0	$0
John Oncken	Trustee	1.00	Director	$0	$0	$0
Matthew Larsgaard	Secretary	2.00	Officer	$0	$42,596	$435,429

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	$34,209,951	$32,026,532	$30,048,041	$2,183,419
2024	No data	No data	No data	No data
2023	$27,147,037	$27,909,423	$23,050,154	$-762,386
2022	$28,848,479	$24,488,903	$22,626,733	$4,359,576
2021	$28,269,563	$26,788,907	$21,487,108	$1,480,656
2020	$29,400,992	$27,322,007	$17,146,104	$2,078,985
2018	$25,430,505	$24,269,040	$12,401,274	$1,161,465

Pioneer Healthcare Trust