SOUTHLIGHT HEALTHCARE INC (EIN 560988422) - 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

1970

Legal Domicile

Principal Officer

ADAM HARTZELL

Phone

9197876131

Tax Period

2024-07-01 to 2025-06-30

SOUTHLIGHT HEALTHCARE INC, founded in 1970, is a mid-sized nonprofit in the Mental Health sector that reported $25.1M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $21.8M left a modest 13% surplus.

Mission

SOUTHLIGHT HEALTHCARE PROVIDES ACCESS TO HIGH-QUALITY MENTAL HEALTH AND SUBSTANCE USE TREATMENT, FOSTERING A RESILIENT COMMUNITY BY SUPPORTING INDIVIDUALS IN THEIR RECOVERY.

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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 $8,240,671

Program Service Revenue $17,356,533

Investment Income $-479,822

Other Revenue $1,955

TOTAL REVENUE $25,119,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,622,933

Fundraising Expenses $191,762

Program Expenses $17,232,659

Other Expenses $6,158,786

TOTAL EXPENSES $21,781,719

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,119,337	$19,453,733	+0.3%
Expenses	$21,781,719	$16,949,126	+0.3%
Net Income	$3,337,618	$2,504,607	+0.3%

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

279

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

$1,328,805

Total Directors

Key Employees

$193,246

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LETITIA HAZEL	CMO	40.00	Officer	$238,121	$9,246	$247,367
ADAM HARTZELL	CEO	40.00	Officer	$208,749	$33,219	$241,968
BENJAMIN POWELL	SR CLINICAL	40.00	Key Emp	$164,377	$28,869	$193,246
MELONY MALLOY	AP PROVIDER	40.00	Highest	$147,653	$26,596	$174,249
KENNETH MAURER	ADVANCED PRO	40.00	Highest	$141,002	$26,683	$167,685
JONATHAN RINALDI	CFO	40.00	Officer	$129,598	$31,976	$161,574
CHINYERE BASSEY CHIMA	ADVANCED PRO	40.00	Highest	$146,000	$15,086	$161,086
ERIKA CAREY	COO	40.00	Officer	$144,767	$11,196	$155,963
KATHRYN SCHLEY	CSO	40.00	Officer	$125,359	$17,298	$142,657
DENISE KALINA	CHRO	40.00	Officer	$118,962	$18,753	$137,715
NICHOLAS SENUTA	COEO	40.00	Officer	$118,461	$9,246	$127,707
ANGELA GOOD	ADVANCED PRO	40.00	Highest	$111,605	$8,815	$120,420
JENNIFER WHITFIELD	CPO	40.00	Officer	$101,471	$12,383	$113,854
JULIAN BOSSONG	BOARD VICE C	0.50	Director	$0	$0	$0
MARY-SARA CAMERINO	OPERATIONS C	0.50	Director	$0	$0	$0
KIMBERLY LABOW	GOVERNANCE C	0.50	Director	$0	$0	$0
AUDREY LODER	BOARD TREASU	0.50	Director	$0	$0	$0
JOAN NELSON	GOVERNANCE C	0.50	Director	$0	$0	$0
LYNN OWENS	DEVELOPMENT	0.50	Director	$0	$0	$0
TED PAULING	GOVERNANCE C	0.50	Director	$0	$0	$0
DAVID REESE	DEVELOPMENT	0.50	Director	$0	$0	$0
JR SHEARIN	DEVELOPMENT	0.50	Director	$0	$0	$0
JOHN STUMP	OPERATIONS C	0.50	Director	$0	$0	$0
BRAD WILSON	OPERATIONS C	0.50	Director	$0	$0	$0
SWAIN WOOD	BOARD SECRET	0.50	Director	$0	$0	$0
GEORGE YORK	BOARD CHAIR	0.50	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	$25,119,337	$21,781,719	$11,416,680	$3,337,618
2024	$19,453,733	$16,949,126	$8,666,854	$2,504,607
2023	$14,787,473	$14,651,000	$5,405,970	$136,473
2022	$11,475,535	$11,673,856	$4,243,339	$-198,321
2021	$11,594,668	$10,928,747	$4,231,504	$665,921
2020	$10,128,981	$11,814,171	$4,567,962	$-1,685,190
2019	$9,279,708	$9,582,423	$4,919,690	$-302,715
2018	$9,131,093	$9,184,004	$5,157,501	$-52,911

SOUTHLIGHT HEALTHCARE INC