ASCENSION CARE MANAGEMENT INSURANCE HOLDINGS (EIN 461121862) - 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

2012

Legal Domicile

Phone

3147338000

Tax Period

2023-01-01 to 2023-12-31

ASCENSION CARE MANAGEMENT INSURANCE HOLDINGS, founded in 2012, is a mid-sized nonprofit in the Health Care sector that reported $48.9M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $42.7M, a strong 87% operating margin.

Mission

ASCENSION CARE MANAGEMENT INSURANCE HOLDINGS IS A CATHOLIC HEALTH MINISTRY DEDICATED TO IMPROVING THE HEALTH OF INDIVIDUALS AND COMMUNITIES.

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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 $6,726,345

Investment Income $42,202,182

Other Revenue $0

TOTAL REVENUE $48,928,527

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,607,473

Other Expenses $6,230,525

TOTAL EXPENSES $6,230,525

Year-over-Year Comparison

	2023	2022	Change
Revenue	$48,928,527	$73,193,102	-0.3%
Expenses	$6,230,525	$15,610,042	-0.6%
Net Income	$42,698,002	$57,583,060	-0.3%

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

N/A

Employees

130

Volunteers

N/A

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

$7,341,252

Total Directors

$6,994,796

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	PRESIDENT	0.0	Officer Director	$0	$48,500	$1,185,693
N/A	DIRECTOR	0.0	Director	$0	$934,781	$4,298,869
N/A	DIRECTOR	0.0	Director	$0	$61,619	$1,510,234
N/A	TREASURER	0.0	Officer	$0	$614,454	$5,137,652
N/A	SECRETARY	0.0	Officer	$0	$38,165	$1,017,907
N/A	VP, CMO INSURANCE SERVICES	50.0	Highest	$765,561	$52,521	$818,082
N/A	ASSOCIATE VP, BUSINESS DEVELOPMENT	50.0	Highest	$287,267	$34,041	$321,308
N/A	ASSOCIATE VP, BUSINESS DEVELOPMENT	50.0	Highest	$387,279	$39,201	$426,480
N/A	VP, INSURANCE SERVICES	50.0	Highest	$777,661	$31,708	$809,369
N/A	MEDICAL DIRECTOR	50.0	Highest	$310,291	$29,916	$340,207
N/A	FORMER OFFICER (END 6/2018)	0.0		$0	$57,839	$3,593,214
N/A	FORMER OFFICER (END 12/2019)	0.0		$0	$2,317,426	$12,281,151
N/A	FORMER OFFICER (END 12/2019)	0.0		$0	$61,960	$877,959
N/A	FORMER OFFICER (END 6/2018)	0.0		$0	$0	$374,121
N/A	FORMER OFFICER (END 11/2022)	0.0		$0	$5,800	$846,978

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	$48,928,527	$6,230,525	$339,663,228	$42,698,002
2022	$73,193,102	$15,610,042	$308,454,008	$57,583,060
2021	$66,712,451	$21,734,176	$339,648,565	$44,978,275
2020	$76,291,210	$14,581,692	$337,485,264	$61,709,518
2019	$37,109,383	$7,334,930	$266,127,464	$29,774,453
2018	$24,360,202	$11,448,801	$86,397,593	$12,911,401

ASCENSION CARE MANAGEMENT INSURANCE HOLDINGS