FLAGET HEALTHCARE INC (EIN 611345363) - 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

1951

Legal Domicile

Principal Officer

JENNIFER NOLAN

Phone

5023505000

Tax Period

2022-07-01 to 2023-06-30

FLAGET HEALTHCARE INC, founded in 1951, is a mid-sized nonprofit that reported $89.4M in total revenue in fiscal year 2022. Revenue decreased 5% compared to the prior year. Expenses of $85.0M left a modest 5% surplus.

Mission

THE HOSPITAL'S VISION IS TO BE THE PREMIER, INTEGRATED, COMPREHENSIVE HEALTH SYSTEM IN THE COMMUNITY PROVIDING HIGH QUALITY CARE CLOSE TO HOME, REDUCING THE INCIDENCE OF DISEASE AND ELIMINATING THE INEQUITIES IN ACCESS TO HEALTHCARE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,615,733

Program Service Revenue $86,199,692

Investment Income $0

Other Revenue $597,707

TOTAL REVENUE $89,413,132

Expense Breakdown

Grants Paid $37,883

Salaries & Benefits $30,426,727

Fundraising Expenses $0

Program Expenses $67,170,559

Other Expenses $54,518,623

TOTAL EXPENSES $84,983,233

Year-over-Year Comparison

	2022	2021	Change
Revenue	$89,413,132	$94,332,383	-0.1%
Expenses	$84,983,233	$80,141,140	+0.1%
Net Income	$4,429,899	$14,191,243	-0.7%

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

558

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

$1,163,736

Total Directors

$4,323,852

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY SCHUMACHER	BOARD MEMBER/SVP-OPERATIONS	1.00	Director	$0	$38,181	$2,782,336
ANTHONY HOUSTON	DIRECTOR, MARKET CEO	1.00	Director	$0	$52,292	$1,076,228
JENNIFER NOLAN	PRESIDENT FLAGET	5.00	Officer	$0	$47,163	$538,187
SHARON HAGER	SECRETARY/DIV VP SR COUNSEL	0.00		$0	$28,875	$526,174
SHELLEY STANKO MD	DIRECTOR/PHYSICIAN	1.00	Director	$0	$46,487	$465,288
HANNAH HALL	PHYSICIAN OB GYN GENERAL	40.00	Highest	$320,075	$54,381	$448,887
FRANKLIN DE LA CRUZ	PHYSICIAN OB GYN GENERAL	40.00	Highest	$302,694	$23,765	$419,154
CHRISTY SPITSER	TREASURER/MARKET VP OF FINANCE	1.00	Officer	$0	$48,674	$399,224
CARMEN FOLMAR	PHYSICIAN OB GYN GENERAL	40.00	Highest	$259,676	$53,814	$372,675
SCOTT MONTGOMERY	PHYSICIST	0.00		$0	$39,084	$292,074
ERIC MILLER	MKT DIRECTOR PHARMACY	40.00	Highest	$6,143	$18,070	$275,890
ROBIN HOUSE	NURSE PRACT FAMILY MEDICINE	40.00	Highest	$11,186	$39,698	$250,796
WILLIAM GEORGE	SECRETARY	1.00	Officer	$0	$22,430	$226,325
GRANETTA BLEVINS	DIRECTOR	1.00	Director	$0	$0	$0
JANE CHILES	DIRECTOR	1.00	Director	$0	$0	$0
FR NORMAN FISCHER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT HEWETT	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA JONES	DIRECTOR/IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
DANIEL RODRIQUE MD	DIRECTOR	1.00	Director	$0	$0	$0
MARY-ALICHA WELDON	CHAIR	5.00	Officer Director	$0	$0	$0
WINSTON GRIFFIN	VICE CHAIR	5.00	Officer Director	$0	$0	$0
ADELINE FEHRIBACH	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA MOORE MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
KIM POTTER-BLAIR	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN SMITH	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$89,413,132	$84,983,233	$75,565,905	$4,429,899
2022	$94,332,383	$80,141,140	$186,894,683	$14,191,243
2021	$79,013,923	$73,975,634	$173,311,439	$5,038,289
2019	$75,928,595	$64,484,540	$222,327,559	$11,444,055
2018	$77,638,459	$67,238,762	$203,765,695	$10,399,697

FLAGET HEALTHCARE INC