Adventist Health Physicians Network (EIN 680357690) - 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

Arby Nahapetian

Phone

9164060000

Tax Period

2024-01-01 to 2024-12-31

Adventist Health Physicians Network, founded in 1995, is a major nonprofit in the Health Care sector that reported $343.3M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

Living God's love by inspiring health, wholeness and hope.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,543,583

Program Service Revenue $341,464,674

Investment Income $248,974

Other Revenue $0

TOTAL REVENUE $343,257,231

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,460,802

Fundraising Expenses $0

Program Expenses $306,878,762

Other Expenses $251,369,645

TOTAL EXPENSES $343,830,447

Year-over-Year Comparison

	2024	2023	Change
Revenue	$343,257,231	$277,105,407	+0.2%
Expenses	$343,830,447	$274,369,423	+0.3%
Net Income	$-573,216	$2,735,984	-1.2%

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

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

$11,684,651

Total Directors

$6,800,226

Key Employees

$1,153,558

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Heinrich Kerry	Dir/Chair/CEO	0.00	Officer Director	$0	$57,975	$4,032,170
Hofheins Todd	Dir/Vice Chair/COO	0.00	Officer Director	$0	$65,992	$2,473,667
Freedman John	Director	0.00	Director	$0	$0	$27,203
Newton Bradford	Director	0.00	Director	$0	$0	$26,939
Cherry Robert	Director	0.00	Director	$0	$0	$26,611
Davis Andrew	Director	0.00	Director	$0	$0	$26,611
Innocent Larry	Director	0.00	Director	$0	$0	$26,611
Reiner Richard	Director	0.00	Director	$0	$0	$26,611
Wagner Jack	Director	0.00	Director	$0	$0	$21,611
Woodson Marc	Director	0.00	Director	$0	$0	$21,611
Salazar Velino	Director thru 09/24	0.00	Director	$0	$0	$21,181
Fehr Joy	Director	0.00	Director	$0	$0	$18,680
Beckett Ann	Director as of 01/24	0.00	Director	$0	$0	$17,930
Daggett Jonathan	Director as of 01/24	0.00	Director	$0	$0	$16,180
Jutzy Kenneth	Director as of 01/24	0.00	Director	$0	$0	$16,180
Cress John	Director as of 10/24	0.00	Director	$0	$0	$430
Beaman John	CFO/Treasurer/Asst Secretary	0.00	Officer	$0	$79,808	$2,060,669
Nahapetian Arby	President	20.00	Officer	$0	$79,808	$1,839,066
Jobe Meredith	Secretary	0.00	Officer	$0	$57,975	$1,279,079
Serna Adrian	Sr Finance Officer	49.00	Key Emp	$0	$79,808	$728,844
Hutcheson Walter	Finance Officer	50.00	Key Emp	$0	$79,018	$424,714
Wing Bill - Former Dir	Asst Secr/Vice Chair thru 01/22	0.00		$0	$0	$273,263

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	$343,257,231	$343,830,447	$40,320,202	$-573,216
2023	$277,105,407	$274,369,423	$42,412,322	$2,735,984
2022	$229,929,054	$228,629,232	$38,870,916	$1,299,822
2021	$214,976,388	$215,049,150	$39,004,576	$-72,762
2020	$204,006,730	$203,504,815	$17,996,792	$501,915
2019	$169,587,056	$169,577,293	$26,511,675	$9,763
2018	$137,253,295	$137,254,427	$31,864,468	$-1,132

Adventist Health Physicians Network