Cottage Health (EIN 770431902) - 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

Phone

8052876903

Tax Period

2023-01-01 to 2023-12-31

Cottage Health, founded in 1996, is a major nonprofit in the Religion sector that reported $265.7M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

It is the mission of Cottage Health to provide superior health care for and improve the health care of our communities through a commitment to our core values of excellence, integrity, and compassion.

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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 $5,198,977

Program Service Revenue $259,374,899

Investment Income $313,845

Other Revenue $835,039

TOTAL REVENUE $265,722,760

Expense Breakdown

Grants Paid $364,300

Salaries & Benefits $167,412,221

Fundraising Expenses $0

Program Expenses $174,784,513

Other Expenses $105,178,927

TOTAL EXPENSES $272,955,448

Year-over-Year Comparison

	2023	2022	Change
Revenue	$265,722,760	$245,918,183	+0.1%
Expenses	$272,955,448	$259,358,800	+0.1%
Net Income	$-7,232,688	$-13,440,617	-0.5%

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

978

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

$5,394,144

Total Directors

Key Employees

$5,969,447

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Secretary	3.5	Officer Director	$0	$0	$0
N/A	Board Chair	12.0	Officer Director	$0	$0	$0
N/A	Vice Chair	3.5	Officer Director	$0	$0	$0
N/A	Vice Chair	3.5	Officer Director	$0	$0	$0
N/A	Board Member	2.4	Director	$0	$0	$0
N/A	Board Member (Part Year through 1/2023)	2.4	Director	$0	$0	$0
N/A	Board Member	2.4	Director	$0	$0	$0
N/A	Board Member	2.4	Director	$0	$0	$0
N/A	Board Member	2.4	Director	$0	$0	$0
N/A	Board Member (Part Year through 1/2023)	2.4	Director	$0	$0	$0
N/A	Board Member	2.4	Director	$0	$0	$0
N/A	Board Member (Part Year through 9/2023)	2.4	Director	$0	$0	$0
N/A	Board Member	2.4	Director	$0	$0	$0
N/A	Board Member	2.4	Director	$0	$0	$0
N/A	Board Member	2.4	Director	$0	$0	$0
N/A	Board Member	2.4	Director	$0	$0	$0
N/A	Board Member	2.4	Director	$0	$0	$0
N/A	Board Member	2.4	Director	$0	$0	$0
N/A	Senior VP and CFO	30.5	Officer	$1,006,800	$103,185	$1,109,985
N/A	Executive VP and COO	29.5	Officer	$1,070,894	$234,431	$1,305,325
N/A	President & CEO	41.0	Officer	$1,914,019	$88,325	$2,002,344
N/A	Senior VP and General Counsel	30.5	Officer	$885,425	$91,065	$976,490
N/A	Vice President Human Resources	40.0	Key Emp	$674,484	$69,042	$743,526
N/A	VP MEDICAL AFFAIRS	40.0	Key Emp	$887,530	$90,632	$978,162
N/A	VP Ambulatory Services	40.0	Key Emp	$556,174	$58,692	$614,866
N/A	VP Patient Care Services & CNO	40.0	Key Emp	$573,706	$81,164	$654,870
N/A	VP Finance/Controller	40.0	Key Emp	$691,689	$64,149	$755,838
N/A	VP Clinical Services	40.0	Key Emp	$415,185	$26,484	$441,669
N/A	VP SUPPORT SERVICES	40.0	Key Emp	$505,122	$45,017	$550,139
N/A	VP REVENUE CYCLE	40.0	Key Emp	$432,591	$70,135	$502,726
N/A	VP ISD/CIO	40.0	Key Emp	$647,516	$80,135	$727,651
N/A	Chief Medical Information Officer	40.0	Highest	$377,092	$79,065	$456,157
N/A	VP MARKETING	40.0	Highest	$794,386	$76,065	$870,451
N/A	Director, Psych Services	40.0	Highest	$375,566	$41,182	$416,748
N/A	VP Quality Support Services	40.0	Highest	$408,835	$98,825	$507,660
N/A	Chief Information Security Officer	40.0	Highest	$350,685	$35,987	$386,672

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	$265,722,760	$272,955,448	$177,913,620	$-7,232,688
2022	$245,918,183	$259,358,800	$184,786,683	$-13,440,617
2021	$218,457,387	$232,451,658	$176,397,036	$-13,994,271
2020	$175,972,265	$184,612,479	$147,215,646	$-8,640,214
2019	$152,813,008	$158,954,145	$100,071,589	$-6,141,137
2018	$147,339,626	$150,278,724	$102,490,282	$-2,939,098

Cottage Health