Adventist Health Clearlake Hospital Inc (EIN 680395149) - 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

1996

Legal Domicile

Principal Officer

Colleen Assavapisitkul

Phone

9164060000

Tax Period

2023-01-01 to 2023-12-31

Adventist Health Clearlake Hospital Inc, founded in 1996, is a major nonprofit in the Health Care sector that reported $191.8M in total revenue in fiscal year 2023. Expenses of $179.7M left a modest 6% surplus.

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 (2023)

Revenue Breakdown

Contributions & Grants $1,344,105

Program Service Revenue $189,317,343

Investment Income $945,015

Other Revenue $195,763

TOTAL REVENUE $191,802,226

Expense Breakdown

Grants Paid $51,352

Salaries & Benefits $79,481,728

Fundraising Expenses $208,015

Program Expenses $143,071,369

Other Expenses $100,142,802

TOTAL EXPENSES $179,675,882

Year-over-Year Comparison

	2023	2022	Change
Revenue	$191,802,226	$192,286,425	0.0%
Expenses	$179,675,882	$179,275,358	+0.0%
Net Income	$12,126,344	$13,011,067	-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

996

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

$10,165,739

Total Directors

$5,959,394

Key Employees

$4,697,803

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Heinrich Kerry	Dir/Chair/CEO	0.00	Officer Director	$0	$57,395	$3,359,823
Hofheins Todd	Dir/Vice Chair/COO	0.00	Officer Director	$0	$76,141	$2,348,733
Beaman John	CFO/Assistant Secretary	0.00	Officer	$0	$73,355	$1,753,908
Stevens Eric - President	Northern CA/HI State Network	5.00	Key Emp	$0	$59,552	$1,585,845
Jahn Andrew - Former	Care Division President thru 02/22	0.00		$0	$103,785	$1,569,691
Nahapetian Arby - Former Care	Division Medical Officer thru 02/22	0.00		$0	$69,613	$1,551,907
Wing Bill - Former	Dir/Asst Secr/Vice Chair thru 01/22	0.00		$0	$40,073	$1,478,533
Jobe Meredith	Secretary	0.00	Officer	$0	$59,410	$1,018,898
Howe Judson - President	North Coast Network thru 03/23	8.30	Key Emp	$0	$28,997	$837,892
Cantrell Misty	Patient Care Executive	50.00	Key Emp	$0	$74,551	$736,305
Assavapisitkul Colleen	President	50.00	Officer	$0	$26,786	$628,585
Tetz Warren	Former Treasurer thru 12/22	0.00		$0	$58,835	$618,860
Eberhart Gregory	Area Medical Officer	12.50	Key Emp	$0	$27,959	$610,905
Spenst Brett - Former Care	Division Finance Officer thru 02/22	0.00		$0	$45,847	$566,472
Mock Jeffrey	Treasurer/Asst Secr as of 09/23	10.00	Officer	$0	$67,797	$538,188
Shepardson Dean - Treasurer	Asst Secr from 03/23 thru 09/23	12.50	Officer	$0	$55,761	$517,604
Assadian Hoda	Operations Executive	16.70	Key Emp	$0	$52,377	$513,302
Jacobson Carlton - Former Treas	/Asst Secr thru 12/21/Fin Off AHCL	50.00		$0	$44,184	$452,101
Anjejo Isaac	RN	40.00	Highest	$404,234	$26,773	$431,007
Bloom Evan	Medical Officer	50.00	Key Emp	$0	$45,783	$413,554
Cardenas Lucita	RN	40.00	Highest	$316,965	$57,269	$374,234
Kruger Thomas	RN	40.00	Highest	$319,338	$30,762	$350,100
Shelton Jacarre	Director, Pharmacy	40.00	Highest	$285,726	$63,558	$349,284
Flynn Laura	Director, RN	40.00	Highest	$270,383	$71,941	$342,324
Byrnes John - Former	Medical Officer, NCR thru 02/20	0.00		$0	$34,955	$298,614
Freedman John	Director	0.00	Director	$0	$0	$26,770
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
Newton Bradford	Director	0.00	Director	$0	$0	$26,611
Reiner Richard	Director	0.00	Director	$0	$0	$26,611
Salazar Velino	Director	0.00	Director	$0	$0	$26,611
Banks David	Director	0.00	Director	$0	$0	$26,181
Woodson Marc	Director	0.00	Director	$0	$0	$21,611
Wagner Jack	Director	0.00	Director	$0	$0	$16,180
Fehr Joy	Director	0.00	Director	$0	$0	$430
Ocampo Lucy	Director thru 08/23	0.00	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	$191,802,226	$179,675,882	$152,811,093	$12,126,344
2022	$192,286,425	$179,275,358	$139,959,853	$13,011,067
2021	$164,443,894	$160,755,837	$121,179,230	$3,688,057
2020	$145,501,441	$143,212,527	$117,922,733	$2,288,914
2019	$120,738,242	$114,743,366	$101,098,983	$5,994,876
2018	$111,059,504	$99,074,768	$90,362,230	$11,984,736

Adventist Health Clearlake Hospital Inc