HEALTH SERVICES MANAGEMENT INC

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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

2000

Legal Domicile

Principal Officer

JAMES SHATZ

Phone

6158961191

Tax Period

2023-01-01 to 2023-12-31

HEALTH SERVICES MANAGEMENT INC, founded in 2000, is a major nonprofit in the Health Care sector that reported $107.1M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year.

Mission

TO PROVIDE CARE FOR INDIGENT AND ELDERLY INDIVIDUALS IN NURSING HOMES AND ASSISTED LIVING FACILITIES.

Program Service Accomplishments

Program 1

Expenses: $106,804,456 Revenue: $105,615,140

TO PROVIDE CARE FOR INDIGENT AND ELDERLY INDIVIDUALS IN NURSING HOMES AND ASSISTED LIVING FACILITIES IN INDIANA, TENNESSEE, TEXAS, AND FLORIDA.

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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 $357,322

Program Service Revenue $104,274,079

Investment Income $1,164,448

Other Revenue $1,341,061

TOTAL REVENUE $107,136,910

Expense Breakdown

Grants Paid $0

Salaries & Benefits $58,305,479

Fundraising Expenses $0

Program Expenses $106,804,456

Other Expenses $56,919,741

TOTAL EXPENSES $115,225,220

Year-over-Year Comparison

	2023	2022	Change
Revenue	$107,136,910	$131,148,848	-0.2%
Expenses	$115,225,220	$143,947,425	-0.2%
Net Income	$-8,088,310	$-12,798,577	-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

3825

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

$2,868,508

Total Directors

$1,508,728

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM SHATZ	CEO	40.00	Officer Director	$640,561	$0	$640,561
SCOTT FISHER	CFO	40.00	Officer Director	$625,167	$0	$625,167
JOSH WHITE	COO	40.00	Officer	$433,352	$0	$433,352
BRIAN JACKSON	CHIEF QUALITY & RISK OFFICER	40.00	Officer	$324,997	$0	$324,997
ANITA MAMONE	CHIEF LEGAL & GOVERNANCE OFFICER	40.00	Officer	$244,618	$0	$244,618
KEVIN BAXTER	VP OF OPERATIONS	40.00	Highest	$240,648	$0	$240,648
CLINT WELLS	VP, REVENUE CYCLE MANAGEMENT	40.00	Highest	$237,051	$0	$237,051
SAMANTHA ALLEN	CHIEF NURSING OFFICER	40.00	Officer	$229,869	$0	$229,869
JERALD ERLANDSON	DIRECTOR OF CLIENT SERVICES	40.00	Officer	$223,737	$0	$223,737
MARK RICHARDSON	CORPORATE DIRECTOR OF COMPLIANCE & AUDIT	40.00	Highest	$169,379	$0	$169,379
SHELBY JACKSON	ADMINISTRATOR	40.00	Highest	$161,878	$0	$161,878
WILLIAM NEELY	CHIEF LEGAL OFFICER (END 02/23)	40.00	Officer	$146,207	$0	$146,207
RICHARD FLINCHUM	REGIONAL NURSE	40.00	Highest	$117,548	$0	$117,548
RANDY SHUCK	CHAIRMAN, DIRECTOR	1.00	Director	$81,000	$0	$81,000
TIMOTHY PRIDDY	DIRECTOR	1.00	Director	$81,000	$0	$81,000
ROBERT CONROY	DIRECTOR	1.00	Director	$81,000	$0	$81,000

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	$107,136,910	$115,225,220	$156,538,498	$-8,088,310
2022	$131,148,848	$143,947,425	$180,141,587	$-12,798,577
2021	$124,554,790	$131,078,534	$127,545,587	$-6,523,744
2020	$148,090,003	$131,595,312	$140,595,095	$16,494,691
2019	$135,900,085	$133,791,487	$119,911,864	$2,108,598
2018	$133,261,222	$131,415,844	$120,298,786	$1,845,378