MHNU Corporation (EIN 800445929) - 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

2009

Legal Domicile

Principal Officer

CHERYL LULIAS

Phone

3122740126

Tax Period

2023-01-01 to 2023-12-31

MHNU Corporation, founded in 2009, is a mid-sized nonprofit in the Human Services sector that reported $35.0M in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $45.9M exceeded revenue, resulting in a 31% operating deficit.

Mission

By organizing a formal healthcare provider collaborative, MHNU's mission is to improve the health of Medicaid recipients in Chicago by enhancing care (continued)

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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 $56,110

Program Service Revenue $34,182,098

Investment Income $760,282

Other Revenue $0

TOTAL REVENUE $34,998,490

Expense Breakdown

Grants Paid $200,362

Salaries & Benefits $23,048,698

Fundraising Expenses $0

Program Expenses $45,243,244

Other Expenses $22,628,576

TOTAL EXPENSES $45,877,636

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,998,490	$22,230,528	+0.6%
Expenses	$45,877,636	$23,214,508	+1.0%
Net Income	$-10,879,146	$-983,980	+10.1%

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

109

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

$1,939,930

Total Directors

$1,029,211

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cheryl Lulias	President & CEO	40.0	Officer Director	$647,541	$19,200	$666,741
Wendy Cox	Director of Finance/COO	40.0	Officer	$352,928	$14,700	$367,628
Dr Arthur Jones	Director/Chief Medical Officer	26.0	Officer Director	$316,571	$14,163	$330,734
Todd Burkard	VP of Data Analytics	40.0	Highest	$294,115	$13,108	$307,223
Misty Drake	VP Client Services and Growth	40.0	Highest	$286,871	$19,294	$306,165
James Pospychala	Chief Operating Officer	40.0	Officer	$273,375	$18,935	$292,310
Vamsi Kosuru	VP Product and Engineering	40.0	Highest	$267,808	$18,712	$286,520
Gail Vijuk	Controller/CCO	40.0	Officer	$265,240	$17,277	$282,517
Melanie Tan	VP Strategy and Growth	40.0	Highest	$253,415	$11,637	$265,052
Laura Merrick	Assoc. VP Health Info Tech	40.0	Highest	$239,803	$17,592	$257,395
Alan Channing	Director	5.0	Director	$16,236	$0	$16,236
Carol McCarthy	Director	5.0	Director	$15,500	$0	$15,500
Stephanie Comer	BOARD CHAIR	3.0	Director	$0	$0	$0
William T Schleicher Jr	Secretary and Treasurer	20.0	Officer 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	$34,998,490	$45,877,636	$32,740,106	$-10,879,146
2022	$22,230,528	$23,214,508	$29,738,749	$-983,980
2021	$21,174,627	$17,896,920	$31,730,440	$3,277,707
2020	$18,282,244	$15,962,675	$29,427,552	$2,319,569
2019	$17,057,100	$15,125,999	$24,883,413	$1,931,101
2018	$17,392,660	$14,414,864	$23,136,869	$2,977,796

MHNU Corporation