NEWTON HEALTHCARE CORPORATION (EIN 481040759) - 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

1988

Legal Domicile

Principal Officer

TODD KASITZ

Phone

3162832700

Tax Period

2024-07-01 to 2025-06-30

NEWTON HEALTHCARE CORPORATION, founded in 1988, is a major nonprofit in the Health Care sector that reported $120.2M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $112.7M left a modest 6% surplus.

Mission

TO EXCEL IN PROVIDING HEALTHCARE BY UNDERSTANDING AND RESPONDING TO THE INDIVIDUAL NEEDS OF THOSE WE SERVE.

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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 $1,671,881

Program Service Revenue $106,197,553

Investment Income $1,535,763

Other Revenue $10,807,417

TOTAL REVENUE $120,212,614

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,753,490

Fundraising Expenses $0

Program Expenses $88,617,167

Other Expenses $51,946,453

TOTAL EXPENSES $112,699,943

Year-over-Year Comparison

	2024	2023	Change
Revenue	$120,212,614	$107,700,930	+0.1%
Expenses	$112,699,943	$105,360,284	+0.1%
Net Income	$7,512,671	$2,340,646	+2.2%

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

1092

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

$1,266,695

Total Directors

$427,787

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW SCHMIDT	BOARD OF DIRECTORS	5.00	Director	$0	$0	$0
MARILYN WILDER	VICE CHAIR OF THE BOARD	5.00	Officer Director	$0	$0	$0
RICHARD STINNETT	SECRETARY OF THE BOARD	5.00	Officer Director	$0	$0	$0
CHRISTOPHER CONRADE	PAST CHAIR OF THE BOARD	5.00	Director	$0	$0	$0
JOHN MORTON	BOARD OF DIRECTORS	5.00	Director	$0	$0	$0
BARTH HAGUE	CHAIR OF THE BOARD	5.00	Officer Director	$0	$0	$0
NANCY CRAIG	BOARD OF DIRECTORS	5.00	Director	$0	$0	$0
RON HARDER	BOARD OF DIRECTORS	5.00	Director	$0	$0	$0
GREG LEHR	BOARD OF DIRECTORS	5.00	Director	$0	$0	$0
CAROLYN MCGINN	TREASURER OF THE BOARD	5.00	Officer Director	$0	$0	$0
RANDY TEGETHOFF	BOARD OF DIRECTORS	5.00	Director	$0	$0	$0
TAMI CARLGREN	BOARD OF DIRECTORS	5.00	Director	$0	$0	$0
JAME COPELAND	ASSISTANT SECRETARY OF THE BOARD	5.00	Officer Director	$0	$0	$0
ROBERT PALMER	BOARD OF DIRECTORS	5.00	Director	$0	$0	$0
CASIE POWELL	BOARD OF DIRECTORS	5.00	Director	$0	$0	$0
COLIN WINDHAM MD	BOARD OF DIRECTORS	40.00	Director	$396,360	$23,927	$420,287
ROBERT DILLARD MD	BOARD OF DIRECTORS	5.00	Director	$7,500	$0	$7,500
VALLERIE L GLEASON	PRESIDENT/CEO	40.00	Officer	$499,626	$22,638	$522,264
TODD R KASITZ	CFO	40.00	Officer	$255,625	$27,637	$283,262
TODD TANGEMAN	COO	40.00	Officer	$212,118	$19,449	$231,567
HEATHER PORTER	CHIEF CLINICAL OFFICER	40.00	Officer	$210,113	$19,489	$229,602
JAMES PIGG MD	ORTHOPEDIC SURGEON	40.00	Highest	$1,108,193	$30,740	$1,138,933
JOHN MCEACHERN MD	GENERAL SURGEON	40.00	Highest	$630,359	$26,482	$656,841
ABJEET KADAM MD	ORTHOPEDIC SURGEON	40.00	Highest	$625,652	$30,213	$655,865
JESSICA BROZEK MD	ORTHOPEDIC SURGEON	40.00	Highest	$578,615	$22,337	$600,952
FARIS AZZOUNI MD	UROLOGIST	40.00	Highest	$538,046	$22,337	$560,383

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	$120,212,614	$112,699,943	$122,427,203	$7,512,671
2024	$107,700,930	$105,360,284	$112,307,725	$2,340,646
2023	$99,917,609	$101,052,051	$108,476,176	$-1,134,442
2022	$104,186,915	$101,435,913	$113,942,138	$2,751,002
2021	$104,642,864	$93,281,921	$117,996,443	$11,360,943
2020	$87,369,347	$83,425,588	$102,476,817	$3,943,759
2019	$89,820,978	$86,121,939	$88,833,841	$3,699,039
2018	$85,545,040	$84,978,352	$85,946,833	$566,688

NEWTON HEALTHCARE CORPORATION