NORTH OLYMPIC HEALTHCARE NETWORK (EIN 471444061) - 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

2015

Legal Domicile

Principal Officer

DR MICHAEL MAXWELL

Phone

3604527891

Tax Period

2024-06-01 to 2025-05-31

NORTH OLYMPIC HEALTHCARE NETWORK, founded in 2015, is a mid-sized nonprofit in the Health Care sector that reported $25.8M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $24.0M left a modest 7% surplus.

Mission

TO PROVIDE PATIENT-CENTERED, QUALITY-DRIVEN, WHOLE-PERSON HEALTHCARE SERVICES, ACCESSIBLE TO EVERYONE IN OUR COMMUNITY.

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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 $2,338,594

Program Service Revenue $19,708,687

Investment Income $233,643

Other Revenue $3,470,246

TOTAL REVENUE $25,751,170

Expense Breakdown

Grants Paid $36,878

Salaries & Benefits $17,621,249

Fundraising Expenses $0

Program Expenses $13,818,210

Other Expenses $6,292,704

TOTAL EXPENSES $23,950,831

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,751,170	$20,964,085	+0.2%
Expenses	$23,950,831	$21,550,786	+0.1%
Net Income	$1,800,339	$-586,701	-4.1%

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

229

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

$1,279,666

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JODY MOSS	CHAIR	1.00	Officer Director	$0	$0	$0
SUZY AMES	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
THOMAS SANFORD	PAST CHAIR	1.00	Officer Director	$0	$0	$0
ALISSION MAHANEY	TREASURER	1.00	Officer Director	$0	$0	$0
JANET LUCAS	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM BACCUS	DIRECTOR	1.00	Director	$0	$0	$0
STACY RITCHIE	DIRECTOR	1.00	Director	$0	$0	$0
RUTH KUCH	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CHANCE	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER SWANSON	DIRECTOR	1.00	Director	$0	$0	$0
GLENN SMITHSON	DIRECTOR	1.00	Director	$0	$0	$0
DR KATRINA WELLER	CMO/MEDICAL PHYSICIAN	40.00	Officer	$267,269	$23,163	$290,432
DR MICHAEL MAXWELL	CHIEF EXECUTIVE OFFICER	40.00	Officer	$298,788	$32,837	$331,625
BEAU BROWN	CHIEF FINANCIAL OFFICER	40.00	Officer	$173,391	$29,993	$203,384
TAMMY REID	CHIEF OPERATIONS OFFICER	40.00	Officer	$85,626	$21,716	$107,342
JACQUELINE BRIGGS LEBIHAN	PAST COO	40.00	Officer	$157,596	$41,753	$199,349
ALEX LEWIS	CHIEF HUMAN RESOURCE OFFICER	40.00	Officer	$117,961	$29,573	$147,534
DR JESSICA COLWELL	MEDICAL PHYSICIAN	40.00	Highest	$274,253	$37,400	$311,653
DR BENJAMIN CURRAN	MEDICAL PHYSICIAN	40.00	Highest	$261,308	$41,630	$302,938
DR MIRA NELSON	MEDICAL PHYSICIAN	40.00	Highest	$216,054	$35,983	$252,037
DR MATT NOVACK	MEDICAL PHYSICIAN	40.00	Highest	$238,879	$21,275	$260,154
DR JESSICA DIBARI	MEDICAL PHYSICIAN	40.00	Highest	$206,515	$45,245	$251,760

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	$25,751,170	$23,950,831	$22,900,718	$1,800,339
2024	$20,964,085	$21,550,786	$21,396,862	$-586,701
2023	$20,732,894	$18,775,847	$22,474,035	$1,957,047
2022	$18,487,260	$16,276,152	$21,023,571	$2,211,108
2021	$18,806,042	$14,991,393	$17,698,513	$3,814,649
2020	$15,731,821	$14,567,349	$8,435,419	$1,164,472
2019	$14,247,260	$11,592,657	$6,047,939	$2,654,603

NORTH OLYMPIC HEALTHCARE NETWORK