PHILIP HEALTH SERVICES INC (EIN 460361016) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1953

Legal Domicile

Principal Officer

MAUREEN CADWELL

Phone

6058592511

Tax Period

2023-01-01 to 2023-12-31

PHILIP HEALTH SERVICES INC, founded in 1953, is a mid-sized nonprofit in the Health Care sector that reported $14.4M in total revenue in fiscal year 2018. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $12.9M left a modest 11% surplus.

Mission

TO PROVIDE HEALTH CARE TO PHILIP, SD & SURROUNDING AREAS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $379,571

Program Service Revenue $19,066,248

Investment Income $304,225

Other Revenue $842

TOTAL REVENUE $19,750,886

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,246,899

Fundraising Expenses $10,000

Program Expenses $13,322,719

Other Expenses $8,167,088

TOTAL EXPENSES $18,413,987

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,750,886	$18,455,440	+0.1%
Expenses	$18,413,987	$17,248,755	+0.1%
Net Income	$1,336,899	$1,206,685	+0.1%

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

192

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

$209,057

Total Directors

Key Employees

$766,626

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HOLMAN MD	EMPLOYEE	40.00	Highest	$341,116	$25,969	$367,085
KERRY BLACKHAM	EMPLOYEE	40.00	Key Emp	$299,600	$25,463	$325,063
COENRAAD KLOPPER MD	EMPLOYEE	40.00	Key Emp	$237,900	$23,862	$261,762
MAUREEN CADWELL	CHIEF EXECUT	40.00	Officer	$0	$20,595	$209,057
TERRY HENRIE	EMPLOYEE	40.00	Key Emp	$174,404	$5,397	$179,801
DON BURNS	PRESIDENT	1.00	Officer Director	$0	$0	$0
LARRY GABRIEL	DIRECTOR	1.00	Director	$0	$0	$0
KAREN KROETCH	DIRECTOR	1.00	Director	$0	$0	$0
RITA O'CONNELL	DIRECTOR	1.00	Director	$0	$0	$0
RUSTY OLNEY	DIRECTOR	1.00	Director	$0	$0	$0
DJ RUSH	DIRECTOR	1.00	Director	$0	$0	$0
RAY SMITH	VICE PRESIDE	1.00	Officer Director	$0	$0	$0

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	$19,750,886	$18,413,987	$27,578,793	$1,336,899
2022	$18,455,440	$17,248,755	$25,286,939	$1,206,685
2021	$17,795,020	$14,902,874	$22,337,668	$2,892,146
2020	$19,815,529	$14,361,414	$18,448,221	$5,454,115
2019	$13,789,804	$12,835,649	$9,779,102	$954,155
2018	$14,379,507	$12,852,215	$9,981,593	$1,527,292

PHILIP HEALTH SERVICES INC