Northern Arizona Healthcare Corporation (EIN 742410946) - 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

1985

Legal Domicile

Phone

9287793366

Tax Period

2024-07-01 to 2025-06-30

Northern Arizona Healthcare Corporation, founded in 1985, is a major nonprofit in the Health Care sector that reported $207.3M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $306.6M exceeded revenue, resulting in a 48% operating deficit.

Mission

IMPROVING HEALTH, HEALING PEOPLE.

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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 $3,068,905

Program Service Revenue $200,662,269

Investment Income $829,300

Other Revenue $2,785,164

TOTAL REVENUE $207,345,638

Expense Breakdown

Grants Paid $108,855

Salaries & Benefits $190,263,925

Fundraising Expenses $1,901,249

Program Expenses $157,931,327

Other Expenses $116,234,953

TOTAL EXPENSES $306,607,733

Year-over-Year Comparison

	2024	2023	Change
Revenue	$207,345,638	$181,887,241	+0.1%
Expenses	$306,607,733	$267,630,467	+0.1%
Net Income	$-99,262,095	$-85,743,226	+0.2%

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

4941

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

$3,157,606

Total Directors

$1,409,918

Key Employees

$5,660,907

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charlie Agee MD	Director/Secretary	1.0	Officer Director	$0	$0	$0
David Cheney	President and CEO	24.0	Officer Director	$1,363,593	$46,325	$1,409,918
John Rivers	Director/Treasurer	1.0	Officer Director	$0	$0	$0
William Jeffers	Director/Treasurer	1.0	Officer Director	$0	$0	$0
William Riley PHD	Director/Chair	1.0	Officer Director	$0	$0	$0
Alice Gagnaire RN	Director	1.0	Director	$0	$0	$0
Daryl Melvin	Director	1.0	Director	$0	$0	$0
Janet Corrigan PHD	Director	1.0	Director	$0	$0	$0
Paula Herald	Director	1.0	Director	$0	$0	$0
Randall Garrison	Director	1.0	Director	$0	$0	$0
Richard Evnen	Director	1.0	Director	$0	$0	$0
Troy Lorents	Director	1.0	Director	$0	$0	$0
William Badger MD	Director	1.0	Director	$0	$0	$0
Clifford Loader	Chief Financial Officer (THRU 3/25)	20.0	Officer	$695,683	$26,285	$721,968
Heather Gleason	Chief Information Officer (AS OF 9/24)	40.0	Officer	$135,182	$5,539	$140,721
Rachel Levitan	INTERIM CMO	10.0	Officer	$201,500	$0	$201,500
Robert Cofield	Chief Operating Officer	10.0	Officer	$648,213	$35,286	$683,499
Colleen Maring	Chief Legal Counsel	40.0	Key Emp	$641,419	$17,368	$658,787
Deborah Vancleave	Vice President of Revenue Cycle (THRU 2/25)	40.0	Key Emp	$311,251	$36,283	$347,534
Jake Lansburg	VP CARE TRANSFORMATION & QUALITY	40.0	Key Emp	$494,062	$22,427	$516,489
James Elco	VP Strategy and Financial Planning	40.0	Key Emp	$497,108	$47,352	$544,460
John Mougin	Physician Executive Quality and Safety	40.0	Key Emp	$517,549	$39,129	$556,678
Judith Andronowitz	Vice President Operations NAHMG	40.0	Key Emp	$410,465	$28,944	$439,409
Larry Kushner	Chief Philanthropy Officer	40.0	Key Emp	$702,041	$36,128	$738,169
Pasquale Bernardi	President NAH Medical Group	40.0	Key Emp	$679,965	$48,924	$728,889
Sara Coverstone	CHIEF COMPLIANCE OFFICER	40.0	Key Emp	$312,240	$34,524	$346,764
Steven Eiss	Vice President Construction and Real Estate Development	40.0	Key Emp	$475,815	$44,465	$520,280
William Lowden	Vice President Government Affairs and Deputy Legal Counsel	40.0	Key Emp	$232,561	$30,887	$263,448
Andrew Atiemo	Physician	40.0	Highest	$1,062,831	$47,569	$1,110,400
David Leder	Physician	40.0	Highest	$1,075,861	$47,451	$1,123,312
Omar Wani	Physician	40.0	Highest	$1,191,753	$41,346	$1,233,099
Scott Gibson	Physician	40.0	Highest	$918,930	$48,322	$967,252
Stephen Ritland	Physician	40.0	Highest	$1,462,420	$33,207	$1,495,627
Derek Feuquay	Chief Medical Officer	20.0		$640,771	$45,615	$686,386
Florence Spyrow	President & CEO	0.0		$249,113	$0	$249,113

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	$207,345,638	$306,607,733	$139,651,626	$-99,262,095
2024	$181,887,241	$267,630,467	$138,193,088	$-85,743,226
2023	$177,395,125	$252,849,039	$138,121,716	$-75,453,914
2022	$165,674,110	$225,266,462	$132,935,378	$-59,592,352
2022	$165,674,110	$225,266,462	$132,935,378	$-59,592,352
2021	$146,699,779	$205,936,292	$131,822,684	$-59,236,513
2020	$124,532,467	$172,422,755	$132,735,377	$-47,890,288
2019	$127,365,979	$173,230,712	$88,031,790	$-45,864,733
2018	$109,126,423	$170,508,102	$85,091,530	$-61,381,679

Northern Arizona Healthcare Corporation