TIDALHEALTH INC

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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

1998

Legal Domicile

Principal Officer

STEVEN LEONARD

Phone

4105466400

Tax Period

2024-07-01 to 2025-06-30

TIDALHEALTH INC, founded in 1998, is a major nonprofit in the Health Care sector that reported $324.2M in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. Net assets of $865.1M represent 32 months of operating reserves.

Mission

TO IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $202,842,320 Revenue: $172,725,905

TIDALHEALTH, INC. (THI) OWNS AND INVESTS IN HEALTHCARE ORGANIZATIONS ON THE DELMARVA PENINSULA IN ORDER TO IMPROVE THE HEALTH OF THE CITIZENS OF THE COMMUNITY WE SERVE. THROUGH THI'S DISREGARDED...

TIDALHEALTH, INC. (THI) OWNS AND INVESTS IN HEALTHCARE ORGANIZATIONS ON THE DELMARVA PENINSULA IN ORDER TO IMPROVE THE HEALTH OF THE CITIZENS OF THE COMMUNITY WE SERVE. THROUGH THI'S DISREGARDED ENTITY SUBSIDIARIES, THE FILING ORGANIZATION OPERATES A PHYSICIAN NETWORK PROVIDING INTEGRATED PHYSICIAN SERVICES AND AN AMBULATORY SURGERY CENTER FOR THE HEALTH SYSTEM. DURING FY25, THE ORGANIZATION PROVIDED PATIENT CARE IN 803,686 PHYSICIAN VISITS AND 24,571 SURGICAL CASES.

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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 $58,855,636

Program Service Revenue $172,725,905

Investment Income $2,595,693

Other Revenue $90,025,230

TOTAL REVENUE $324,202,464

Expense Breakdown

Grants Paid $109,737

Salaries & Benefits $246,199,444

Fundraising Expenses $0

Program Expenses $202,842,320

Other Expenses $87,425,022

TOTAL EXPENSES $333,734,203

Year-over-Year Comparison

	2024	2023	Change
Revenue	$324,202,464	$194,711,624	+0.7%
Expenses	$333,734,203	$243,301,933	+0.4%
Net Income	$-9,531,739	$-48,590,309	-0.8%

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

6216

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

$4,178,868

Total Directors

$1,687,112

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN LEONARD	PRESIDENT/CEO	1.00	Officer Director	$1,341,372	$309,149	$1,650,521
MEMO DIRIKER	CHAIRPERSON	5.00	Officer Director	$30,000	$0	$30,000
VEL NATESAN MD	BOARD MEMBER/PHYSICIAN	1.00	Director	$6,591	$0	$6,591
RYAN MCLAUGHLIN	IMMEDIATE PAST CHAIRPERSON	2.00	Officer Director	$0	$0	$0
DAVID ROMMEL	VICE-CHAIRMAN	2.00	Officer Director	$0	$0	$0
ANDREA WILLIAMS	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
HEIDI ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TIMOTHY BENNING MD	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS COATES	BOARD MEMBER	1.00	Director	$0	$0	$0
HERBERT J GEARY III	BOARD MEMBER (THRU 12/24)	1.00	Director	$0	$0	$0
MARK HIGDON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIA LEHMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN POISKER	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELE PROCINO-WELLS	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANE TURNER	BOARD MEMBER (BEG 01/25)	1.00	Director	$0	$0	$0
JULIUS ZANT MD	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE GARY	CFO	1.00	Officer	$656,804	$61,476	$718,280
TRUDY HALL MD	V.P. CHIEF MEDICAL OFFICER	1.00	Officer	$699,113	$65,960	$765,073
LURA LUNSFORD	V.P. OPERATIONS	1.00	Officer	$926,642	$88,352	$1,014,994
ISMET LUKOLIC MD	PHYSICIAN	40.00	Highest	$1,366,784	$47,902	$1,414,686
ZACHARY BAKER MD	PHYSICIAN	40.00	Highest	$1,120,451	$69,678	$1,190,129
FAWAD KHAN MD	PHYSICIAN	40.00	Highest	$1,104,519	$76,633	$1,181,152
WILLIAM DORAN DO	PHYSICIAN	40.00	Highest	$1,098,982	$67,830	$1,166,812
JOHN HAMILTON MD	PHYSICIAN	40.00	Highest	$1,020,583	$69,752	$1,090,335

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	$324,202,464	$333,734,203	$1,056,469,749	$-9,531,739
2024	$194,711,624	$243,301,933	$928,715,887	$-48,590,309
2023	$179,012,279	$232,507,559	$848,592,168	$-53,495,280
2022	$125,589,713	$191,323,860	$824,220,157	$-65,734,147
2021	$88,803,242	$142,851,257	$944,636,875	$-54,048,015
2020	$1,183,475	$2,718,058	$786,747,162	$-1,534,583
2019	$1,758,799	$3,594,727	$574,291,404	$-1,835,928
2018	$420,079	$2,435,279	$531,837,647	$-2,015,200