Prisma Health-Midlands (EIN 582296052) - 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

1996

Legal Domicile

Phone

8647977805

Tax Period

2023-10-01 to 2024-09-30

Prisma Health-Midlands, founded in 1996, is a large national nonprofit in the Health Care sector that reported $1.8B in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.5B left a modest 15% surplus.

Mission

INSPIRE HEALTH. SERVE WITH COMPASSION. BE THE DIFFERENCE.

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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 $4,631,618

Program Service Revenue $1,768,049,630

Investment Income $-108,725

Other Revenue $2,149,473

TOTAL REVENUE $1,774,721,996

Expense Breakdown

Grants Paid $0

Salaries & Benefits $554,401,648

Fundraising Expenses $0

Program Expenses $1,333,146,196

Other Expenses $956,020,177

TOTAL EXPENSES $1,510,421,825

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,774,721,996	$1,604,015,979	+0.1%
Expenses	$1,510,421,825	$1,408,612,955	+0.1%
Net Income	$264,300,171	$195,403,024	+0.4%

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

8595

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

$5,229,548

Total Directors

$1,582,261

Key Employees

$10,216,465

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andy Davis	Director	1.0	Director	$0	$0	$0
Ben E Griffith Jr	Director	1.0	Director	$0	$0	$0
Edward M Carney DM	Director	1.0	Director	$0	$0	$0
Helen B Woods	Secretary/Treasurer	1.0	Director	$0	$0	$0
James L Best	Chair	1.0	Director	$0	$0	$0
Jeanne U Cavanaugh MNRNNEA-BC	Director	1.0	Director	$0	$0	$0
Joseph Campbell MD	Director	1.0	Director	$0	$64,262	$584,619
Joseph Painter	Director	1.0	Director	$0	$0	$0
LeRoy P Creech	Vice Chair	1.0	Director	$0	$0	$0
Mark Crabbe MD	Director	1.0	Director	$0	$71,570	$408,853
Mary P Mazzola Spivey	Director	1.0	Director	$0	$0	$0
Mary Winter Teaster	Director	1.0	Director	$0	$0	$0
Reed Mattingly	Director	1.0	Director	$0	$0	$0
Ronald T Scott JD	Director (until 12/31/23)	1.0	Director	$0	$0	$0
Shirley D Mills	Director	1.0	Director	$0	$0	$0
Stephen W Watson MD	Director (untl 6/12/24)	1.0	Director	$0	$0	$0
Traci Y Cooper	Director	1.0	Director	$0	$0	$0
Troy Privette MD	Director (start 7/17/24)	1.0	Director	$0	$88,744	$588,789
Virginia L Crocker	Director (start 1/1/24)	1.0	Director	$0	$0	$0
Alexander D Gladney	EVP Chief Legal Officer and Secretary (start 9/5/23)	1.0	Officer	$0	$23,225	$355,904
Clarence M Sevillian II	EVP Chief Operating Officer	1.0	Officer	$0	$312,799	$2,129,208
Matthew M Elsey	EVP Chief Financial Officer	1.0	Officer	$0	$73,573	$1,821,225
Matthew RM Fowler	SVP-Deputy General Counsel (until 3/29/24)	1.0	Officer	$0	$106,147	$923,211
Amy E Linsin	EVP Chief HR and Diversity Officer	1.0	Key Emp	$0	$173,850	$1,388,176
James H Lucas	SVP Government Affairs	1.0	Key Emp	$0	$65,319	$720,826
Jonathan L Gleason MD	EVP Chief Clinical Officer (Chair)	1.0	Key Emp	$0	$245,207	$1,805,285
Malcolm W Isley	EVP Chief Strategy Officer	1.0	Key Emp	$0	$225,387	$939,814
Mark S O'Halla	President and CEO of Prisma Health	1.0	Key Emp	$0	$746,715	$2,934,885
Richard J Rogers	SVP Chief Information Officer	1.0	Key Emp	$0	$154,708	$1,522,981
William C Gerard MD	EVP Value Based Care/CMO Prisma Health Plans/CEO inVio Health Networks	1.0	Key Emp	$0	$144,322	$904,498
Caleb Buchanan	COO- Facility	40.0	Highest	$577,765	$108,032	$685,797
Christine M Ralyea	CNO-Market	40.0	Highest	$472,779	$112,900	$585,679
Maryann Barnes	CNO II (until 3/13/23)	40.0	Highest	$480,662	$17,170	$497,832
Michael N Bundy	CEO-Market	40.0	Highest	$1,090,334	$125,890	$1,216,224
Zach Kiker	Campus Physician Executive	40.0	Highest	$434,843	$54,689	$489,532
Carolyn R Swinton	Frmr SVP Chief Nursing Officer (until 2/7/22)	0.0		$0	$0	$215,457
Elizabeth Tibbs	SVP Chief Operating Officer, Medical Group (Vice Chair until 10/4/23)	0.0		$0	$95,918	$1,005,629
Gregory J Rusnak	Frmr EVP Chief Operating Officer (until 10/1/21)	0.0		$0	$106,080	$621,743
Howard P West	Frmr EVP Chief Legal Officer (until 9/30/23)	0.0		$0	$78,966	$1,965,578
Jean M Meyer	Frmr SVP-Acute Care Svcs & Chief Nursing Exec (until 9/30/23)	0.0		$0	$215,159	$1,600,249
Kristin L Wright	Frmr Corporate Secretary (until 5/1/23)	0.0		$0	$16,541	$107,437
Michael T Burke	Frmr EVP Chief Financial Officer (until 9/30/22)	0.0		$0	$9,150	$926,532

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	$1,774,721,996	$1,510,421,825	$909,366,692	$264,300,171
2023	$1,604,015,979	$1,408,612,955	$1,174,313,208	$195,403,024
2022	$1,493,017,048	$1,464,039,776	$1,198,735,081	$28,977,272
2021	$1,502,045,297	$1,457,464,872	$1,197,125,878	$44,580,425
2020	$1,891,042,935	$1,827,282,858	$1,188,288,414	$63,760,077
2019	$1,818,246,516	$1,842,707,707	$987,876,140	$-24,461,191

Prisma Health-Midlands