Synovus Employee Health Plan

EIN: 581584613

Columbus, GA

Total Revenue
$56,831,321
Total Expenses
$57,761,885
Total Assets
$10,774,369
Net Assets
$2,973,920
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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
1983
Legal Domicile
GA
Principal Officer
SHANE LIPP
Phone
7066413955
Tax Period
2023-01-01 to 2023-12-31

Synovus Employee Health Plan, founded in 1983, is a mid-sized nonprofit that reported $56.8M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

PROVIDE MEDICAL INSURANCE BENEFITS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $56,420,097
Investment Income $411,224
Other Revenue $0
TOTAL REVENUE $56,831,321

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,200
Fundraising Expenses $0
Program Expenses $0
Other Expenses $6,416,651
TOTAL EXPENSES $57,761,885

Year-over-Year Comparison

2023 2022 Change
Revenue $56,831,321 $49,813,095 +0.1%
Expenses $57,761,885 $54,236,211 +0.1%
Net Income $-930,564 $-4,423,116 -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

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Governance

Voting Members
1
Independent Members
1
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SYNOVUS TRUST COMPANY TRUSTEE 0.0
$1,200 $0 $1,200
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 No data No data No data No data
2023 $56,831,321 $57,761,885 $10,774,369 $-930,564
2022 $49,813,095 $54,236,211 $12,390,009 $-4,423,116
2021 $51,003,113 $56,068,853 $11,942,786 $-5,065,740
2020 $38,886,246 $44,502,824 $17,013,802 $-5,616,578
2019 $46,677,392 $42,165,732 $22,714,878 $4,511,660
2018 $40,186,613 $33,930,198 $17,715,019 $6,256,415
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