SANTA BARBARA PREFERRED HEALTH PARTNERS (EIN 461983091) - 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

2013

Legal Domicile

Phone

8055692462

Tax Period

2023-01-01 to 2023-12-31

SANTA BARBARA PREFERRED HEALTH PARTNERS, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $220K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $308K exceeded revenue, resulting in a 40% operating deficit.

Mission

THE PURPOSE OF THE CORPORATION IS TO PROMOTE THE INTERESTS OF INDEPENDENT MEDICAL DOCTORS WHOSE PRACTICES ARE BASED IN THE SOUTH SANTA BARBARA COUNTY, CALIFORNIA MEDICAL SERVICES MARKET

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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 $178,830

Investment Income $40,895

Other Revenue $0

TOTAL REVENUE $219,725

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $323,714

Other Expenses $308,014

TOTAL EXPENSES $308,014

Year-over-Year Comparison

	2023	2022	Change
Revenue	$219,725	$179,670	+0.2%
Expenses	$308,014	$249,717	+0.2%
Net Income	$-88,289	$-70,047	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DAVID LAUB	Treasurer	Officer	$0	$0	$0
BRENT KOVACS	Secretary	Officer	$0	$0	$0
VINCENT C TUBIOLO	Vice President	Officer	$0	$0	$0
MICHAEL BORDOFSKY	President	Officer	$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	$219,725	$308,014	$1,308,076	$-88,289
2022	$179,670	$249,717	$1,392,541	$-70,047
2021	$1,024,845	$248,448	$1,462,588	$776,397
2020	$898,074	$377,570	$686,191	$520,504

SANTA BARBARA PREFERRED HEALTH PARTNERS