Highmark Health (EIN 453674900) - 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

2011

Legal Domicile

Phone

4125447000

Tax Period

2023-01-01 to 2023-12-31

Highmark Health, founded in 2011, is a major nonprofit in the Health Care sector that reported $568.3M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

Highmark Health's mission is to improve the health and well-being of the people and communities it serves by making healthcare more easily accessible, understandable and affordable.

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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 $0

Program Service Revenue $570,518,872

Investment Income $-2,266,427

Other Revenue $0

TOTAL REVENUE $568,252,445

Expense Breakdown

Grants Paid $8,710,488

Salaries & Benefits $483,085,494

Fundraising Expenses $0

Program Expenses $455,659,842

Other Expenses $121,418,112

TOTAL EXPENSES $613,214,094

Year-over-Year Comparison

	2023	2022	Change
Revenue	$568,252,445	$492,941,379	+0.2%
Expenses	$613,214,094	$581,238,458	+0.1%
Net Income	$-44,961,649	$-88,297,079	-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

Employees

3502

Volunteers

205

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

$20,934,072

Total Directors

$11,811,401

Key Employees

$25,416,582

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CEO, PRESIDENT, & EX OFFICIO DIRECTOR	60.0	Officer Director	$10,926,557	$56,782	$10,983,339
N/A	DIRECTOR	5.0	Director	$0	$0	$172,334
N/A	DIRECTOR	5.0	Director	$0	$0	$145,334
N/A	DIRECTOR	5.0	Director	$0	$0	$0
N/A	DIRECTOR	5.0	Director	$0	$0	$0
N/A	DIRECTOR	5.0	Director	$0	$0	$0
N/A	DIRECTOR	5.0	Director	$0	$0	$160,530
N/A	CHAIRMAN	5.0	Director	$0	$0	$181,030
N/A	DIRECTOR	5.0	Director	$0	$0	$0
N/A	DIRECTOR	5.0	Director	$0	$0	$0
N/A	DIRECTOR	5.0	Director	$0	$0	$0
N/A	DIRECTOR - END 7/23	5.0	Director	$0	$0	$0
N/A	DIRECTOR - END 7/23	5.0	Director	$0	$0	$0
N/A	DIRECTOR	5.0	Director	$0	$0	$168,834
N/A	DIRECTOR	5.0	Director	$0	$0	$0
N/A	EVP CFO AND TREASURER	60.0	Officer	$429,823	$6,055	$435,878
N/A	EVP Chief Legal Officer and Secretary	60.0	Officer	$3,008,529	$38,573	$3,047,102
N/A	Chief Investment Officer & Assistant Treasurer	60.0	Officer	$948,827	$51,663	$1,000,490
N/A	EVP CFO AND TREASURER - END 1/23	60.0	Officer	$5,461,759	$5,504	$5,467,263
N/A	EVP WPA Provider President	60.0	Key Emp	$2,919,107	$118,617	$3,037,724
N/A	EVP CHIEF MARKETING OFFICER	60.0	Key Emp	$1,694,853	$105,727	$1,800,580
N/A	Chief Living Health Development Officer - end 8/23	60.0	Key Emp	$5,204,862	$31,353	$5,261,459
N/A	EVP CHIEF CORPORATE AFFAIRS OFFICER	60.0	Key Emp	$2,206,093	$55,609	$2,261,702
N/A	EVP CHIEF OPERATING OFFICER	60.0	Key Emp	$4,787,996	$279,708	$5,067,704
N/A	EVP CHIEF HR OFFICER	60.0	Key Emp	$2,487,841	$43,516	$2,531,357
N/A	EVP CHIEF RISK, AUDIT & COMPLIANCE OFFICER	60.0	Key Emp	$2,656,555	$48,315	$2,704,870
N/A	EVP CHIEF MEDICAL & CLINICAL TRANSFORMATION OFFICER	60.0	Key Emp	$2,697,599	$53,587	$2,751,186
N/A	General Counsel - AHN	0.0	Highest	$1,175,324	$33,766	$1,209,090
N/A	SVP Finance	60.0	Highest	$1,216,242	$55,626	$1,271,868
N/A	EVP CHIEF STRATEGY & TRANSFORMATION OFFICER	60.0	Highest	$2,044,450	$115,348	$2,159,798
N/A	SVP Chief Analytics Officer	60.0	Highest	$1,274,906	$86,581	$1,361,487
N/A	SVP Chief Product & Experience Officer	60.0	Highest	$1,213,918	$72,699	$1,286,617
N/A	FORMER - SVP CHIEF INVESTMENT OFFICER & ASSISTANT TREASURER	0.0		$200,850	$0	$200,850
N/A	FORMER - CHIEF LEGAL OFFICER & SECRETARY	0.0		$454,350	$0	$454,350

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	$568,252,445	$613,214,094	$689,168,025	$-44,961,649
2022	$492,941,379	$581,238,458	$636,073,113	$-88,297,079
2021	$583,319,053	$584,401,514	$708,603,703	$-1,082,461
2020	$524,612,331	$552,229,740	$618,200,942	$-27,617,409
2019	$331,096,827	$313,498,195	$520,915,329	$17,598,632
2018	$262,189,235	$253,798,747	$450,506,582	$8,390,488

Highmark Health