Chapters Health System Inc (EIN 592264957) - 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

1982

Legal Domicile

Phone

8138718111

Tax Period

2023-01-01 to 2023-12-31

Chapters Health System Inc, founded in 1982, is a major nonprofit in the Human Services sector that reported $105.2M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $101.4M left a modest 4% surplus.

Mission

Through its subsidiaries, provides support and care for people in our community with or affected by advanced illnesses by offering a wide variety of compassionate healthcare choices.

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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 $71,731

Program Service Revenue $101,194,619

Investment Income $3,834,099

Other Revenue $60,000

TOTAL REVENUE $105,160,449

Expense Breakdown

Grants Paid $71,731

Salaries & Benefits $60,278,838

Fundraising Expenses $0

Program Expenses $76,310,709

Other Expenses $41,066,026

TOTAL EXPENSES $101,416,595

Year-over-Year Comparison

	2023	2022	Change
Revenue	$105,160,449	$90,984,417	+0.2%
Expenses	$101,416,595	$85,405,170	+0.2%
Net Income	$3,743,854	$5,579,247	-0.3%

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

789

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

$8,740,291

Total Directors

$3,269,336

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	PRESIDENT/CEO/VICE CHAIR	22.0	Officer Director	$1,576,179	$969,172	$2,545,351
N/A	Secretary	2.0	Officer Director	$0	$0	$0
N/A	CHAIR	2.0	Officer Director	$0	$0	$0
N/A	Treasurer	2.0	Officer Director	$0	$0	$0
N/A	Immediate Past Chair	2.0	Officer Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER (through 9/2023)	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	PRESIDENT & CEO of Capital Caring (through 5/2023) / BOARD MEMBER	2.0	Director	$0	$8,220	$723,985
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	Chief Administrative Officer (through 6/2023)	28.0	Officer	$576,964	$49,262	$626,226
N/A	Financial Advisor to the CEO (through 3/2023)	34.0	Officer	$495,057	$159,431	$654,488
N/A	Chief Medical Officer - Hospice	24.0	Officer	$355,760	$99,926	$455,686
N/A	Chief People Officer	24.0	Officer	$439,073	$163,885	$602,958
N/A	Chief Business Development Officer	24.0	Officer	$680,764	$239,538	$920,302
N/A	Chief Operating Officer	24.0	Officer	$469,677	$191,283	$660,960
N/A	Chief Information Officer	24.0	Officer	$407,547	$143,212	$550,759
N/A	Chief Medical Officer	24.0	Officer	$521,450	$212,195	$733,645
N/A	CHIEF FINANCIAL OFFICER	20.0	Officer	$399,506	$184,162	$583,668
N/A	Chief Compliance Officer	22.0	Officer	$285,280	$120,968	$406,248
N/A	Vice President, Real Estate and Support Services	40.0	Highest	$253,619	$58,542	$312,161
N/A	Senior Vice President, Operations	40.0	Highest	$260,526	$79,860	$340,386
N/A	Vice President, Finance	40.0	Highest	$281,309	$76,763	$358,072
N/A	Assistant Chief Medical Officer	40.0	Highest	$283,976	$68,210	$352,186
N/A	Vice President, Medical Services	40.0	Highest	$444,821	$109,174	$553,995
N/A	Former Chief Operating Officer	0.0		$339,857	$238	$340,095

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	$105,160,449	$101,416,595	$209,994,035	$3,743,854
2022	$90,984,417	$85,405,170	$203,815,049	$5,579,247
2021	$114,054,008	$101,782,085	$220,827,353	$12,271,923
2020	$76,304,014	$76,350,175	$208,580,355	$-46,161
2019	$61,239,225	$58,202,941	$198,991,516	$3,036,284
2018	$63,877,071	$55,262,852	$201,294,664	$8,614,219

Chapters Health System Inc