CHVI PROFESSIONAL CORPORATION

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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

WADE HUNT

Phone

2534031000

Tax Period

2023-01-01 to 2023-12-31

CHVI PROFESSIONAL CORPORATION, founded in 2015, is a mid-sized nonprofit in the Health Care sector that reported $79.7M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $75.5M left a modest 5% surplus.

Mission

CHVI'S MISSION IS TOGETHER, GIVE PEOPLE THEIR BEST LIFE.

Program Service Accomplishments

Program 1

Expenses: $75,539,525 Revenue: $1,707,762

CHVI D/B/A PULSE HEART INSTITUTE (CHVI) IS A HIGHLY SPECIALIZED TAX EXEMPT HEALTHCARE ENTITY THAT EMPLOYS BOARD CERTIFIED CARDIOLOGISTS, CARDIOTHORACIC SURGEONS AND VASCULAR SURGEONS TO PERFORM...

CHVI D/B/A PULSE HEART INSTITUTE (CHVI) IS A HIGHLY SPECIALIZED TAX EXEMPT HEALTHCARE ENTITY THAT EMPLOYS BOARD CERTIFIED CARDIOLOGISTS, CARDIOTHORACIC SURGEONS AND VASCULAR SURGEONS TO PERFORM ADVANCED CARDIOTHORACIC SURGERIES, CARDIAC RESEARCH AND EDUCATION. CHVI IS THE MOST RECENT INNOVATION IN CARE DELIVERY FROM CARDIAC STUDY CENTER AND MULTICARE HEALTH SYSTEM, A RELATED TAX EXEMPT ORGANIZATION. CHVI IS THE PACIFIC NORTHWEST'S DESTINATION FOR HEART HEALTH, OFFERING A COMPREHENSIVE RANGE OF THE MOST ADVANCED CARDIAC, THORACIC, AND VASCULAR SERVICES AVAILABLE. CHVI CONNECTS EMERGENCY, CLINIC, HOSPITAL AND THERAPY SERVICES TO ENHANCE COMMUNICATION AND CONTINUITY. THE ETHOS OF THE ORGANIZATION IS ONE OF PARTNERSHIP AND INSPIRATION. CHVI'S PHYSICIANS ARE AT THE TOP OF THEIR FIELD AND ACTIVELY (SEE SCHEDULE O) SEEK TO STAY ON THE CUTTING EDGE OF CARDIOVASCULAR MEDICINE.

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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 $77,950,117

Program Service Revenue $1,707,762

Investment Income $0

Other Revenue $0

TOTAL REVENUE $79,657,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,297,134

Fundraising Expenses $0

Program Expenses $75,539,525

Other Expenses $3,242,391

TOTAL EXPENSES $75,539,525

Year-over-Year Comparison

	2023	2022	Change
Revenue	$79,657,879	$62,937,192	+0.3%
Expenses	$75,539,525	$70,584,533	+0.1%
Net Income	$4,118,354	$-7,647,341	-1.5%

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

N/A

Employees

136

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

$2,156,374

Total Directors

$11,994,548

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MEYER MD	INTERIM CHAIR	50.00	Officer Director	$1,428,801	$24,603	$1,453,404
AHMAD SLIM	MEMBER,PHYSICIAN	50.00	Director	$1,260,611	$50,815	$1,311,426
DAVID O'BRIEN MD	MEMBER, SRVP MHS	2.00	Director	$0	$40,164	$1,303,916
MOHIT JAINMD	MEMBER,PHYSICIAN	50.00	Director	$1,145,000	$24,064	$1,169,064
DEVENDRA VORA MD	MEMBER,PHYSICIAN	50.00	Director	$1,108,607	$30,895	$1,139,502
KINGSON MOMAH	MEMBER	50.00	Director	$1,078,655	$34,277	$1,112,932
ADAM NOYES MD	MEMBER/ PART YEAR	50.00	Director	$1,061,086	$24,376	$1,085,462
STEPHEN THEW MD	MEMBER	50.00	Director	$928,117	$33,772	$961,889
SARAH KOCH MD	MEMBER,PHYSICIAN	50.00	Director	$727,482	$31,667	$759,149
JASON PARKS	SECRETARY/TREAS/PART YEAR	30.00	Director	$533,634	$49,647	$622,494
HUNT WADE	PRESIDENT/ PART YEAR	50.00	Officer Director	$430,383	$42,496	$472,879
JENNIFER KNOWLES	MEMBER	2.00	Director	$0	$39,588	$372,340
NEEDHAM WARD MD	CHAIRMAN PART YEAR,PHYSICIAN	50.00	Officer Director	$207,507	$22,584	$230,091
PETER CHEN MD	PHYSICIAN	50.00	Highest	$1,729,522	$42,551	$1,772,073
NATHAN E SPENCE MD	PHYSICIAN	50.00	Highest	$1,350,404	$15,094	$1,365,498
VAL A LEV	PHYSICIAN	50.00	Highest	$1,317,226	$41,163	$1,358,389
KURT GARY KINNEY	PHYSICIAN	50.00	Highest	$1,304,753	$49,059	$1,353,812
UMA M KRISHNAN MD	PHYSICIAN	50.00	Highest	$1,290,252	$40,962	$1,331,214

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	$79,657,879	$75,539,525	$32,870,944	$4,118,354
2022	$62,937,192	$70,584,533	$10,287,019	$-7,647,341
2021	$63,262,880	$62,004,460	$7,336,360	$1,258,420
2020	$55,989,148	$59,188,854	$859,642	$-3,199,706
2019	$42,932,504	$44,872,795	$159,849	$-1,940,291
2018	$34,415,572	$31,853,424	$307,331	$2,562,148