NAVICENT HEALTH INC (EIN 582149127) - 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

1994

Legal Domicile

Principal Officer

DELVECCHIO S FINLEY

Phone

4786336968

Tax Period

2023-01-01 to 2023-12-31

NAVICENT HEALTH INC, founded in 1994, is a major nonprofit in the Health Care sector that reported $150.2M in total revenue in fiscal year 2023. Expenses of $188.1M exceeded revenue, resulting in a 25% operating deficit.

Mission

TO ELEVATE HEALTH AND WELL-BEING THROUGH COMPASSIONATE CARE FOR ALL. OUR VALUES ARE INTEGRITY, RESPECT, OWNERSHIP AND CARING. TO PROVIDE STRATEGIC DIRECTION TO THE MEDICAL CENTER OF CENTRAL GEORGIA, INC. AND OTHER AFFILIATES IN SUPPORT OF THEIR MISSION OF PROVIDING A COMPREHENSIVE RANGE OF HIGH-QUALITY, REASONABLY PRICED HEALTH CARE SERVICES TO THE CENTRAL GEORGIA COMMUNITY.

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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 $164,313

Program Service Revenue $133,497,250

Investment Income $4,334,428

Other Revenue $12,160,634

TOTAL REVENUE $150,156,625

Expense Breakdown

Grants Paid $82,190

Salaries & Benefits $104,311,588

Fundraising Expenses $0

Program Expenses $162,629,391

Other Expenses $83,670,850

TOTAL EXPENSES $188,064,628

Year-over-Year Comparison

	2023	2022	Change
Revenue	$150,156,625	$149,703,344	+0.0%
Expenses	$188,064,628	$169,235,210	+0.1%
Net Income	$-37,908,003	$-19,531,866	+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

892

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

$4,212,751

Total Directors

$2,554,248

Key Employees

$2,700,437

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL LOVIN	BOARD MEMBER	1.00	Director	$0	$306,263	$2,554,248
DELVECCHIO FINLEY	PRESIDENT/CEO	5.00	Officer	$0	$161,522	$2,224,980
KENNETH B BANKS	SEC/CH LEGAL COUNSEL (TO 10/16/23)	45.00	Officer	$0	$66,370	$1,367,177
LUIS FONSECA	PRES HOSP/CLINICS	40.00	Key Emp	$0	$54,332	$859,806
SANFORD G DUKE MD	CH CLIN OFF ENTERPRISE SYS	40.00	Key Emp	$0	$42,289	$787,522
VISHAL BHALLA	CH HR OFF (TO 3/13/23)	15.00	Key Emp	$0	$62,902	$676,148
ROBERT C WILDE	FORMER OFFICER	45.00		$0	$0	$529,544
KIMBERLY SHREWSBURY	TREASURER (FR 11/17/22) (FR 11/17/22)	45.00	Officer	$0	$58,673	$525,101
STEPHEN KARON	PRES STRATUS/TC2	40.00	Highest	$0	$51,079	$477,023
CYNTHIA BUSBEE	SVP MKT COMM. PUBLIC AFFAI	40.00	Highest	$0	$47,217	$469,483
SARA L LONERGAN	VP DEPUTY GENERAL COUNSEL	40.00	Highest	$0	$15,776	$448,569
ALLISON SCHEETZ MD	PHYSICIAN	40.00	Highest	$0	$14,525	$430,402
KATHERINE BOWEN	VP FINANCE	40.00	Highest	$0	$43,891	$415,658
ELBERT T MCQUEEN	PRESIDENT/CEO (TO 5/1/23)	35.00	Key Emp	$0	$36,508	$376,961
NANCY SCROGGINS	ASSIST SECRETARY	5.00	Officer	$0	$16,009	$95,493
BILL TIFT MD	BOARD MEMBER (TO 12/31/23)	1.00	Director	$0	$0	$0
DAVID DANZIE	BOARD MEMBER	1.00	Director	$0	$0	$0
HENRY KOPLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
J MARBURY RAINER	BOARD MEMBER (TO 12/31/23)	1.00	Director	$0	$0	$0
JAYESH PATEL MD	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN D HOUSER	BOARD MEMBER (TO 12/31/23)	1.00	Director	$0	$0	$0
KIM JOHNSTON MD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MAC EVERETT	BOARD MEMBER (TO 12/31/23)	1.00	Director	$0	$0	$0
MARK GROSSNICKLE MD	BOARD MEMBER (TO 12/31/23)	1.00	Director	$0	$0	$0
RAY PIPPIN	BOARD MEMBER (TO 12/31/23)	1.00	Director	$0	$0	$0
RICK SHACKELFORD	BOARD MEMBER (TO 12/31/23)	1.00	Director	$0	$0	$0
RON SHIPMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
RONNIE COLLIER	BOARD MEMBER (TO 12/31/23)	1.00	Director	$0	$0	$0
SHEILA RAY	BOARD MEMBER (TO 4/30/23)	1.00	Director	$0	$0	$0
STARR PURDUE	CHAIR (TO 12/31/23)	1.00	Officer Director	$0	$0	$0
TIMOTHY JACKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
WIMBERLY TREADWELL	BOARD MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$150,156,625	$188,064,628	$180,125,712	$-37,908,003
2022	$149,703,344	$169,235,210	$154,889,850	$-19,531,866
2021	$138,628,462	$179,069,255	$383,086,657	$-40,440,793
2020	$210,039,640	$155,474,018	$218,184,816	$54,565,622
2019	$145,734,079	$141,911,881	$170,793,980	$3,822,198
2018	$134,160,144	$151,228,899	$113,806,733	$-17,068,755

NAVICENT HEALTH INC