NORTHEAST GEORGIA HEALTH SYSTEM INC (EIN 581694090) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

MATT HANLEY MD

Phone

7702195888

Tax Period

2023-10-01 to 2024-09-30

NORTHEAST GEORGIA HEALTH SYSTEM INC is a 501(c)(3) with EIN 581694090, based in GAINESVILLE, GA. Founded in 1986, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $473,393,340 in total revenue and $455,975,128 in total expenses, with net assets of $640,843,968.

Mission

IMPROVING THE HEALTH OF THE COMMUNITY IN ALL WE DO.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,490,742

Program Service Revenue $464,413,757

Investment Income $4,276,652

Other Revenue $1,212,189

TOTAL REVENUE $473,393,340

Expense Breakdown

Grants Paid $4,543,924

Salaries & Benefits $232,728,265

Fundraising Expenses $0

Program Expenses $381,955,559

Other Expenses $218,702,939

TOTAL EXPENSES $455,975,128

Year-over-Year Comparison

	2023	2022	Change
Revenue	$473,393,340	$353,523,338	+0.3%
Expenses	$455,975,128	$351,638,024	+0.3%
Net Income	$17,418,212	$1,885,314	+8.2%

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

N/A

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

$6,184,967

Total Directors

$2,930,127

Key Employees

$6,414,526

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX WAYNE	VICE CHAIR	1.00	Director	$0	$0	$0
BRAD PURYEAR	MEMBER	1.00	Director	$0	$0	$0
CINDY GREEN	MEMBER	1.00	Director	$0	$0	$0
DEEPAK AGGARWAL	MEMBER	1.00	Director	$0	$0	$0
GLENNIS BARNES	MEMBER	1.00	Director	$0	$0	$0
GREG OURS	MEMBER	1.00	Director	$0	$0	$0
JACK KEENER	MEMBER	1.00	Director	$0	$0	$0
JACKIE WALLACE	MEMBER	1.00	Director	$0	$0	$0
LETRELL SIMPSON	MEMBER	1.00	Director	$0	$0	$0
MOHAK DAVE	MEMBER	1.00	Director	$0	$0	$99,500
PHILLIPPA LEWIS MOSS	MEMBER - EX OFFICIO	1.00	Director	$0	$0	$0
PIERPONT BROWN	MEMBER, PHYSICIAN-NGPG	1.00	Director	$0	$37,879	$491,310
RK WHITEHEAD	MEMBER	1.00	Director	$0	$0	$0
SPENCE PRICE	CHAIR	1.00	Director	$0	$0	$0
CAROL BURRELL	PRESIDENT & CEO, MEMBER	40.00	Officer Director	$0	$82,156	$2,339,317
BRIAN D STEINES	CHIEF FINANCIAL OFFICER	40.00	Officer	$0	$127,462	$1,154,105
STEPHEN KELLY	CHIEF COMPLIANCE OFFICER	40.00	Officer	$0	$71,555	$422,452
MICHAEL COVERT	CHIEF OPERAT. OFFICER-ENDED 12/23	1.00	Officer	$0	$142,506	$1,454,453
JOHN KUEVEN	CHIEF OPERAT. OFFICER-BEGIN 12/23	1.00	Officer	$0	$99,830	$814,640
ANDREI BOYARSHINOV	CHIEF LEGAL OFFICER	40.00	Key Emp	$0	$108,145	$897,952
CHRISTOPHER PARAVATE	CHIEF INFORMATION OFFICER - NGHS	40.00	Key Emp	$0	$103,331	$810,839
DANIEL TUFFY	PRESIDENT AND CAO - NGPG	40.00	Key Emp	$0	$103,744	$768,811
HABIB SAMADY	PRESIDENT - GEORGIA HEART INSTITUTE	40.00	Key Emp	$0	$154,389	$1,479,673
LORIE SHOEMAKER	CHIEF NURSING EXECUTIVE - CONTRACTED	1.00	Key Emp	$0	$0	$197,776
MELISSA TYMCHUK	CHIEF OF STAFF & STRATEGY OFFICER - NGHS	40.00	Key Emp	$0	$103,332	$725,577
DARLENE SWEET	VP - GEORGIA HEART INSTITUTE	1.00	Key Emp	$0	$47,704	$390,161
DIANE POIROT	CHIEF HR OFFICER - NGHS	40.00	Key Emp	$0	$89,362	$639,515
STUART DOWNS	CHIEF NURSING EXECUTIVE	1.00	Key Emp	$0	$16,552	$190,999
VIKRAM REDDY	CHIEF MEDICAL OFFICER - NGHS	40.00	Key Emp	$0	$19,925	$313,223
LAURA DIVOKY	PHYSICIAN	40.00	Highest	$0	$32,625	$1,003,543
MANIVANNAN VEERASAMY	PHYSICIAN	40.00	Highest	$0	$26,131	$1,065,707
NAGA KOMMURI	PHYSICIAN	40.00	Highest	$0	$14,040	$957,125
RAZA ABBAS	PHYSICIAN	40.00	Highest	$0	$46,049	$954,292
UGOCHUKWU EGOLUM	PHYSICIAN	40.00	Highest	$0	$44,290	$1,093,521
TRACY VARDEMAN	FORMER CHIEF STRATEGY EXECUTIVE - NGHS	40.00		$0	$228,097	$740,942

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	$473,393,340	$455,975,128	$718,256,957	$17,418,212
2023	$353,523,338	$351,638,024	$596,798,106	$1,885,314
2022	$280,286,887	$283,917,215	$413,754,134	$-3,630,328
2022	$280,286,887	$283,917,215	$413,754,134	$-3,630,328
2021	$256,567,331	$269,846,135	$336,092,097	$-13,278,804
2020	$216,241,807	$234,760,771	$318,580,244	$-18,518,964
2018	$180,908,326	$204,015,656	$305,985,673	$-23,107,330

NORTHEAST GEORGIA HEALTH SYSTEM INC