HEALTH FIRST SHARED SERVICES INC (EIN 593336894) - 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

1995

Legal Domicile

Principal Officer

TERRY L FORDE

Phone

3214345150

Tax Period

2023-10-01 to 2024-09-30

HEALTH FIRST SHARED SERVICES INC, founded in 1995, is a major nonprofit in the Health Care sector that reported $337.5M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $303.6M left a modest 10% surplus.

Mission

WE EXIST TO IMPROVE THE HEALTH AND WELLNESS OF 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 $442,602

Program Service Revenue $288,355,019

Investment Income $48,985,867

Other Revenue $-276,051

TOTAL REVENUE $337,507,437

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $140,684,337

Fundraising Expenses $0

Program Expenses $251,250,942

Other Expenses $162,901,326

TOTAL EXPENSES $303,635,663

Year-over-Year Comparison

	2023	2022	Change
Revenue	$337,507,437	$388,946,104	-0.1%
Expenses	$303,635,663	$358,050,153	-0.2%
Net Income	$33,871,774	$30,895,951	+0.1%

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

12099

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

$2,385,522

Total Directors

$623,063

Key Employees

$2,702,511

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAYLOR K SMITH	CHAIR/INTERIM CEO HFSS END 8/5/2024	4.00	Officer Director	$516,274	$0	$516,274
LARRY S BISHOP MD	TRUSTEE	1.00	Director	$27,206	$0	$27,206
JAMES C SHAW	VICE CHAIR	1.00	Officer Director	$23,489	$0	$23,489
ROBERT K HENRY	TRUSTEE	1.00	Director	$19,875	$0	$19,875
JOSEPH GURRI MD	TRUSTEE	1.00	Director	$18,219	$0	$18,219
DANA S KILBORNE	TREASURER	1.00	Officer Director	$18,000	$0	$18,000
SCOTT T MIKUEN	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID BANKS	TRUSTEE END 6/2024	1.00	Director	$0	$0	$0
ROBERT DUANE DAVIS MD	TRUSTEE	1.00	Director	$0	$0	$0
KIM K PATRICK	TRUSTEE	1.00	Director	$0	$0	$0
RANDALL L HAFFNER	TRUSTEE	1.00	Director	$0	$0	$0
TODD GOODMAN	TRUSTEE	1.00	Director	$0	$0	$0
AUDREY GREGORY	TRUSTEE BEG. 6/2024	1.00	Director	$0	$0	$0
DR THEODORE RICHARDSON III	TRUSTEE BEG. 10/2023	1.00	Director	$0	$0	$0
BRETT A ESROCK	EXEC VP CFO/COO END 7/15/2024	4.00	Officer	$980,450	$28,047	$1,008,497
PAULA B JUST	CHIEF EXPERIENCE OFFICER	30.00	Officer	$790,028	$29,234	$819,262
TERRY L FORDE	PRESIDENT/CEO BEG. 8/5/2024	4.00	Officer	$0	$0	$0
KRISTEN M PULIO	EXECUTIVE VP CFO BEG. 09/23/2024	4.00	Officer	$0	$0	$0
JEFFREY C STALNAKER MD	SR VP CCO/INTERIM CEO HOSP END 7/31/2024	20.00	Key Emp	$875,347	$26,054	$901,401
NICHOLAS W ROMANELLO ESQ	SR VP/CORP COUNSEL	4.00	Key Emp	$817,230	$30,967	$848,197
CHEYANA D FISCHER	CHIEF CLINICAL OFFICER CNO	20.00	Key Emp	$467,815	$27,036	$494,851
MICHAEL W CARR	SR. VP CIO	30.00	Key Emp	$429,877	$28,185	$458,062
FRANK S LETHERBY	SR VP CEO COMMUNITY HEALTH	3.00	Highest	$764,659	$29,647	$794,306
MATTHEW F GERRELL	SR VP/CEO HFAP	3.00	Highest	$747,521	$31,656	$779,177
MICHAEL J MCLAUGHLIN	CMO HOSPITAL DIVISION	40.00	Highest	$546,113	$27,997	$574,110
MARK S ROSENBLOOM	VP CLINICAL TRANSFORMATION	40.00	Highest	$460,668	$22,054	$482,722
DOUGLAS B MCKEE	VP CHIEF MED INFORMATICS	40.00	Highest	$404,395	$28,987	$433,382
STEVEN P JOHNSON	FORMER PRESIDENT/CEO HFI	0.00		$1,703,863	$20,932	$1,724,795
ALAN L PRESTWOOD	FORMER TRUSTEE END 9/30/2023	0.00		$151,760	$0	$151,760
MARTIN W ISENMAN MD	FORMER TRUSTEE	0.00		$20,061	$0	$20,061
DALE A DETTMER ESQ	FORMER TRUSTEE	0.00		$14,956	$0	$14,956
JOHN F BREITFELLER	FORMER VICE CHAIR	0.00		$14,449	$0	$14,449
PAMELA A GATTO	FORMER TRUSTEE	0.00		$13,570	$0	$13,570
DREW A RECTOR	FORMER EXEC VP CSO	0.00		$1,195,781	$27,757	$1,223,538
MICHAEL A SCIALDONE	FORMER EVP/CFO HFI	0.00		$799,466	$20,263	$819,729
WILLIAM J WALDERS	FORMER CIO SR VP OPER SUPP	0.00		$196,536	$5,252	$201,788

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
2024	$337,507,437	$303,635,663	$2,043,524,511	$33,871,774
2023	$388,946,104	$358,050,153	$1,819,267,420	$30,895,951
2022	$291,100,092	$319,774,723	$1,587,486,387	$-28,674,631
2021	$271,514,090	$265,668,880	$1,676,572,579	$5,845,210
2019	$279,445,215	$238,991,416	$1,106,623,021	$40,453,799
2018	$236,663,256	$221,908,048	$1,010,974,076	$14,755,208

HEALTH FIRST SHARED SERVICES INC