CAROMONT HEALTH (EIN 581636959) - 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

1984

Legal Domicile

Phone

7048342000

Tax Period

2023-07-01 to 2024-06-30

CAROMONT HEALTH, founded in 1984, is a mid-sized nonprofit in the Health Care sector that reported $41.4M in total revenue in fiscal year 2023. Revenue surged 75% from the prior year, signaling strong growth momentum. The organization ran a surplus of $37.9M, a strong 91% operating margin.

Mission

TO PROVIDE COMPASSIONATE, EXCEPTIONAL AND HIGHLY RELIABLE CARE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,572,386

Investment Income $37,689,897

Other Revenue $178,887

TOTAL REVENUE $41,441,170

Expense Breakdown

Grants Paid $482,521

Salaries & Benefits $1,083,092

Fundraising Expenses $0

Program Expenses $1,714,563

Other Expenses $1,957,024

TOTAL EXPENSES $3,522,637

Year-over-Year Comparison

	2023	2022	Change
Revenue	$41,441,170	$23,664,936	+0.8%
Expenses	$3,522,637	$3,831,940	-0.1%
Net Income	$37,918,533	$19,832,996	+0.9%

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

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

$4,011,955

Total Directors

$1,734,259

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mr David Payseur	Treasurer	1.0	Officer Director	$0	$0	$0
Mr Jeffrey Cash	Chair	1.0	Officer Director	$0	$0	$0
Mr Tim Efird	Vice chair	1.0	Officer Director	$0	$0	$0
Rev Dr Pearl Burris-Floyd	Secretary	1.0	Officer Director	$0	$0	$122,443
Dr Heath High	Chief of Staff (COS) Elect through 12/31/23 (non-voting); COS starting 1/1/24	1.0	Director	$0	$59,856	$583,903
Dr Jay Hendler	Chief of Staff (COS) through 12/31/23; Immediate Past COS starting 1/1/24 (non-voting)	1.0	Director	$0	$58,372	$558,661
Dr Michael Gaslin	Past-Chief-of-Staff (non-voting) through 12/31/2023	1.0	Director	$0	$0	$0
Dr Shiddhi Patel	Chief-of Staff Elect starting 1/1/2024	1.0	Director	$0	$53,086	$436,549
Mr Bob Hovis	Director	1.0	Director	$0	$0	$32,703
Mr Dan Boyd	Director	1.0	Director	$0	$0	$0
Mr Frank Stewart	Director	1.0	Director	$0	$0	$0
Mr Jason Austell	Director	1.0	Director	$0	$0	$0
Mr Jay McGraw	Director	1.0	Director	$0	$0	$0
Mr Joseph Davis Jr	Director	1.0	Director	$0	$0	$0
Ms Annette Carter	Director	1.0	Director	$0	$0	$0
Ms Janie Peak	Director	1.0	Director	$0	$0	$0
Rev Dr Benjamin Hinton	Director	1.0	Director	$0	$0	$0
Mr David O'Connor	EVP/CFO/Asst. Treasurer	6.0	Officer	$0	$184,000	$1,140,025
Mr K Christopher Peek	CEO	6.0	Officer	$0	$309,455	$2,074,421
Ms Leigh Hickman	CLO/Asst. Sec.	6.0	Officer	$0	$110,160	$675,066
Ms Larie Carthen	Nurse Practitioner	40.0	Highest	$127,275	$24,056	$151,331
Ms Victoria Robinson	Nurse Practitioner	40.0	Highest	$107,976	$31,168	$139,144

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	No data	No data	No data	No data
2024	$41,441,170	$3,522,637	$822,347,679	$37,918,533
2023	$23,664,936	$3,831,940	$743,172,403	$19,832,996
2022	$61,469,914	$4,723,060	$832,406,138	$56,746,854
2021	$53,008,631	$3,311,702	$956,040,256	$49,696,929
2020	$24,163,248	$3,769,814	$769,770,199	$20,393,434
2019	$33,647,553	$2,855,623	$685,562,710	$30,791,930
2018	$41,162,868	$2,513,927	$632,309,925	$38,648,941

CAROMONT HEALTH