SOUTHERN HEALTH PLAN 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

1980

Legal Domicile

Principal Officer

DANIEL GREGORY

Phone

4235358224

Tax Period

2024-01-01 to 2024-12-31

SOUTHERN HEALTH PLAN INC, founded in 1980, is a small nonprofit that reported $751K in total revenue in fiscal year 2024. Revenue surged 189% from the prior year, signaling strong growth momentum. The organization ran a surplus of $251K, a strong 33% operating margin.

Mission

TO SUPPORT THE COMMUNITIES WE SERVE EMPHASIZING HEALTHY LIVING AND QUALITY OF LIFE.

Program Service Accomplishments

Program 1

Expenses: $413,605

SEE SCH O FORM 990, PART III, LINE 4A FOR DESCRIPTION.THE COMPANY SUPPORTED PROGRAMS THAT PROMOTE ACCESS TO HEALTH CARE SERVICES AND HEALTH EDUCATION. THE COMPANY SUPPORTED PROGRAMS THAT PROMOTE...

SEE SCH O FORM 990, PART III, LINE 4A FOR DESCRIPTION.THE COMPANY SUPPORTED PROGRAMS THAT PROMOTE ACCESS TO HEALTH CARE SERVICES AND HEALTH EDUCATION. THE COMPANY SUPPORTED PROGRAMS THAT PROMOTE WELLNESS AND ILLNESS PREVENTION, AS WELL AS EFFECTIVE, EFFICIENT DISEASE MANAGEMENT. THE COMPANY SUPPORTED PROGRAMS FOR ALL LEVELS OF EDUCATION THUS BUILDING A COMPETENT WORKFORCE AND PROSPEROUS ECONOMY. THE COMPANY SUPPORTED EVENTS AND PROGRAMS THAT EMPHASIZE ECONOMIC AND COMMUNITY DEVELOPMENT. THE COMPANY DEMONSTRATED EXCELLENT CORPORATE CITIZENSHIP AND COMMITMENT TO TENNESSEANS, WITH THE PRIORITY TO SUPPORT THE COMMUNITIES IT SERVED, EMPHASIZING HEALTHY LIVING, HEALTH CARE ACCESS AND QUALITY OF LIFE.

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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 $0

Program Service Revenue $0

Investment Income $751,088

Other Revenue $0

TOTAL REVENUE $751,088

Expense Breakdown

Grants Paid $413,605

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $413,605

Other Expenses $86,018

TOTAL EXPENSES $499,623

Year-over-Year Comparison

	2024	2023	Change
Revenue	$751,088	$259,471	+1.9%
Expenses	$499,623	$514,034	0.0%
Net Income	$251,465	$-254,563	-2.0%

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

N/A

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

$3,061,605

Total Directors

$2,380,680

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA WILLIS MD	BOARD MEMBER	1.00	Director	$0	$75,138	$951,088
JOHN MAKI	BOARD MEMBER	1.00	Director	$0	$71,620	$761,416
DALYA QUALLS WHITE	CHAIRPERSON & PRESIDENT	2.00	Officer Director	$0	$71,827	$668,176
DAVID CRISWELL	TREASURER (UNTIL 05-01-24)	1.50	Officer	$0	$63,809	$839,663
DANIEL GREGORY	CFO	1.50	Officer	$0	$55,675	$520,341
AMY ANDREWS	TREASURER (AS OF 05-13-24)	1.00	Officer	$0	$48,125	$364,623
MANDY SAVAGE	ASSISTANT TREASURER	0.50	Officer	$0	$51,103	$349,508
JILL LANGSTON	SECRETARY	0.50	Officer	$0	$34,097	$206,065
KRISTY WHITE	ASSISTANT SECRETARY	0.50	Officer	$0	$17,883	$113,229
TREY WHITE	FORMER CFO	0.00		$0	$0	$869,340
ROY VAUGHN	FORMER CHAIRPERSON, PRESID	0.00		$0	$89,795	$1,390,449
DENNIS CULVER	FORMER TREASURER	0.00		$0	$48,300	$538,327

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	$751,088	$499,623	$14,699,940	$251,465
2023	$259,471	$514,034	$13,012,154	$-254,563
2022	$968,056	$671,127	$11,477,824	$296,929
2021	$721,755	$602,898	$14,432,569	$118,857
2020	$371,641	$621,129	$13,045,162	$-249,488
2019	$276,845	$507,012	$12,726,758	$-230,167
2018	$298,781	$573,605	$11,134,405	$-274,824