Northwood Health Systems (EIN 550540374) - 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

1967

Legal Domicile

Principal Officer

Mark Games

Tax Period

2024-07-01 to 2025-06-30

Northwood Health Systems, founded in 1967, is a mid-sized nonprofit in the Mental Health sector that reported $34.3M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $31.1M left a modest 9% surplus.

Mission

To provide services to individuals with mental illness, intellectual and developmental disabilities, and or substance abuse issues.

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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 $4,411,781

Program Service Revenue $28,564,675

Investment Income $945,664

Other Revenue $403,720

TOTAL REVENUE $34,325,840

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,609,535

Fundraising Expenses $0

Program Expenses $26,750,668

Other Expenses $6,500,465

TOTAL EXPENSES $31,110,000

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,325,840	$37,400,713	-0.1%
Expenses	$31,110,000	$35,975,278	-0.1%
Net Income	$3,215,840	$1,425,435	+1.3%

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

Employees

813

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

$528,274

Total Directors

$265,174

Key Employees

$394,048

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steve Corder	Medical Director	40.00	Key Emp	$354,392	$39,656	$394,048
Mark Games	CEO	50.00	Officer Director	$219,359	$45,815	$265,174
Richard Stockley	CFO	45.00	Officer	$233,482	$29,618	$263,100
Bob Jones	Director	1.00	Director	$0	$0	$0
Charles Dotchin	Director	1.00	Director	$0	$0	$0
Patrick Casey	Director	1.00	Director	$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
2025	$34,325,840	$31,110,000	$38,879,483	$3,215,840
2024	$37,400,713	$35,975,278	$37,758,178	$1,425,435
2023	$33,976,315	$35,779,976	$43,116,141	$-1,803,661
2022	$38,778,005	$34,273,928	$40,063,850	$4,504,077
2021	$30,077,904	$27,093,938	$33,164,590	$2,983,966
2020	$29,119,225	$24,660,070	$24,071,759	$4,459,155
2019	$26,864,687	$27,633,799	$18,247,692	$-769,112
2018	$27,070,123	$26,768,048	$17,975,117	$302,075

Northwood Health Systems