Hendrick Anesthesia Network

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Phone

3256702000

Tax Period

2023-09-01 to 2024-08-31

Hendrick Anesthesia Network, founded in 1997, is a mid-sized nonprofit in the Health Care sector that reported $15.3M in total revenue in fiscal year 2023. Expenses of $30.1M exceeded revenue, resulting in a 97% operating deficit.

Mission

TO PROMOTE THE HEALTH AND WELFARE OF THE GENERAL PUBLIC BY PROVIDING QUALITY HEALTHCARE TO THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $30,096,405 Revenue: $15,305,383

PROVIDED AN ESTIMATED 16,070 MEDICAL PROCEDURES TO THE COMMUNITY WITH AN EMPHASIS ON THE PRACTICE OF ANESTHESIOLOGY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $15,305,383

Investment Income $1,114

Other Revenue $3,165

TOTAL REVENUE $15,309,662

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,446,467

Fundraising Expenses $0

Program Expenses $30,096,405

Other Expenses $9,694,285

TOTAL EXPENSES $30,140,752

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,309,662	$14,631,521	+0.0%
Expenses	$30,140,752	$28,659,772	+0.1%
Net Income	$-14,831,090	$-14,028,251	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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

$3,999,391

Total Directors

$10,282,889

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brad Holland	President	2.0	Officer Director	$0	$211,018	$1,644,883
Brandon Caddell	CHAIR	40.0	Officer Director	$647,148	$37,179	$684,327
Jeremy Walker	CFO	2.0	Officer Director	$0	$70,987	$743,592
Bradley Butler	DIRECTOR	40.0	Director	$627,791	$17,657	$645,448
Christopher Armstrong	DIRECTOR	40.0	Director	$619,816	$37,569	$657,385
Dennis Carter	DIRECTOR	40.0	Director	$625,332	$39,153	$664,485
Doug McEwen	DIRECTOR	40.0	Director	$631,761	$38,546	$670,307
Jeremie Perry	DIRECTOR	40.0	Director	$580,626	$40,749	$621,375
John Ferguson	DIRECTOR	40.0	Director	$583,455	$37,850	$621,305
Joseph Erickson	DIRECTOR	40.0	Director	$621,957	$37,850	$659,807
Michael Sullivan	DIRECTOR	40.0	Director	$668,088	$37,243	$705,331
Ray Martin	DIRECTOR	40.0	Director	$614,997	$37,699	$652,696
Russell Hicks	DIRECTOR	40.0	Director	$620,094	$38,219	$658,313
Stephen Lowry	DIRECTOR	40.0	Director	$616,755	$36,880	$653,635
David Stephenson	Vice President	10.0	Officer	$0	$43,055	$343,964
Michael Murphy	CONSULTANT	2.0	Officer	$0	$41,552	$582,625
Christopher Clinkscales	Physician	40.0	Highest	$454,040	$37,769	$491,809
Michael Beitzel	Physician	40.0	Highest	$472,359	$39,546	$511,905
Michael Price	Physician	40.0	Highest	$614,139	$16,082	$630,221
Phillip Hendley	Physician	40.0	Highest	$488,930	$38,219	$527,149
Walt Kelley	Physician	40.0	Highest	$518,437	$38,133	$556,570

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	$15,309,662	$30,140,752	$931,685	$-14,831,090
2023	$14,631,521	$28,659,772	$1,111,143	$-14,028,251
2022	$11,314,662	$23,813,088	$4,052,857	$-12,498,426
2021	$6,316,416	$15,876,238	$2,045,738	$-9,559,822
2020	$9,599,193	$14,233,915	$1,291,974	$-4,634,722
2019	$9,278,838	$13,725,147	$550,400	$-4,446,309
2018	$8,898,500	$13,246,138	$622,485	$-4,347,638