SANTAFE HEALTHCARE INC (EIN 592317607) - 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

Principal Officer

STEVEN M ZIEGLER

Phone

3523895510

Tax Period

2023-01-01 to 2023-12-31

SANTAFE HEALTHCARE INC, founded in 1982, is a mid-sized nonprofit in the Health Care sector that reported $20.2M in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $27.0M exceeded revenue, resulting in a 34% operating deficit.

Mission

TO IMPROVE THE HEALTH AND WELL-BEING OF PEOPLE IN THE COMMUNITIES WE SERVE.

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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 $19,285,144

Investment Income $449,359

Other Revenue $424,806

TOTAL REVENUE $20,159,309

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,922,448

Fundraising Expenses $0

Program Expenses $16,290,122

Other Expenses $8,071,685

TOTAL EXPENSES $26,994,133

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,159,309	$46,076,885	-0.6%
Expenses	$26,994,133	$37,052,116	-0.3%
Net Income	$-6,834,824	$9,024,769	-1.8%

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

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

$9,108,245

Total Directors

$6,103,583

Key Employees

$2,071,208

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAWRENCE G SCHREIBER	DIRECTOR AND CEO	40.00	Officer Director	$6,073,583	$30,000	$6,103,583
STEVEN ZIEGLER	PRESIDENT AND CLO	40.00	Officer	$1,314,158	$29,004	$1,343,162
PAULINE E TAYLOR	PRES - HOSPICE - NCF	1.00	Officer	$591,334	$22,500	$613,834
RONALD E JENNETTE	PRESIDENT - SFSL	1.00	Officer	$458,849	$16,251	$475,100
RANDALL L STUART	CFO	40.00	Officer	$265,008	$18,720	$283,728
JACKIE H PRICE	CHIEF COMPLIANCE OFFICER	40.00	Officer	$265,778	$23,060	$288,838
PHILIP BOWLING	FORMER SVP CFO	0.00		$1,861,564	$22,500	$1,884,064
THOMAS M FRANKLIN	VP CFO - HAVEN	1.00	Key Emp	$342,028	$20,794	$362,822
SHARON A JONES	VP DEVELOPMENT HAVEN	1.00	Key Emp	$284,126	$29,750	$313,876
CHRISTOPHER RUSSELL	VP OPS - HAVEN	1.00	Key Emp	$286,773	$1,410	$288,183
JENNIFER MALKO	VP BUS DEV - HCFH	40.00	Key Emp	$269,757	$10,100	$279,857
JENNIFER H BLADES	VP HR - HAVEN	1.00	Key Emp	$262,712	$22,500	$285,212
GLYNDA HAILEY	SFHC VP - HR	40.00	Key Emp	$254,613	$30,000	$284,613
RICHARD A HENDRIX JR	CORP VP - ADMIN - SFSL	1.00	Key Emp	$246,934	$9,711	$256,645
DANA M DAVENPORT	FORMER CHIEF AUDIT EXECUTIVE	40.00		$198,258	$5,627	$203,885
REBECCA J CATALANOTTO	ED - NFRV	1.00	Highest	$300,751	$16,200	$316,951
SHIRLEY N CODADA MD	FORMER CMO - HAVEN	40.00		$271,835	$27,864	$299,699
MICHELE S WASSERLAUF	ED - BSRV	1.00	Highest	$246,503	$30,000	$276,503
LYNN E MONACO	ASSISTANT GENERAL COUNSEL	40.00	Highest	$240,432	$17,774	$258,206
DAVID A KREMER	FORMER ED - ERRV	40.00		$241,423	$13,676	$255,099
GLENDA EVANS HOOD	CHAIR	1.00	Officer Director	$0	$0	$0
JACKSON NORMAN SASSER PHD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BENJAMIN IRVING DOERR JR	TREASURER	1.00	Officer Director	$0	$0	$0
KEVIN R MADDRON	DIRECTOR	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	$20,159,309	$26,994,133	$36,697,618	$-6,834,824
2022	$46,076,885	$37,052,116	$51,256,002	$9,024,769
2021	$16,853,066	$30,568,363	$36,635,812	$-13,715,297
2020	$25,831,432	$24,642,562	$68,201,044	$1,188,870
2019	$21,662,917	$47,390,285	$69,267,325	$-25,727,368
2018	$19,609,270	$21,949,723	$68,597,521	$-2,340,453

SANTAFE HEALTHCARE INC