LOGAN HEALTH - CONRAD (EIN 810232406) - 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

1975

Legal Domicile

Principal Officer

KEVIN ABEL

Phone

4067515759

Tax Period

2024-01-01 to 2024-12-31

LOGAN HEALTH - CONRAD, founded in 1975, is a mid-sized nonprofit in the Health Care sector that reported $21.0M in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum.

Mission

EXCEED THE HEALTHCARE EXPECTATIONS OF THOSE WE SERVE THROUGH ALL OF LIFE'S STAGES.

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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 $92,837

Program Service Revenue $20,705,472

Investment Income $206,603

Other Revenue $0

TOTAL REVENUE $21,004,912

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,505,010

Fundraising Expenses $0

Program Expenses $20,103,236

Other Expenses $11,565,197

TOTAL EXPENSES $21,070,207

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,004,912	$13,468,962	+0.6%
Expenses	$21,070,207	$15,659,252	+0.3%
Net Income	$-65,295	$-2,190,290	-1.0%

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

162

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

$8,933,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERNARD RIES	CHAIR	2.00	Officer Director	$0	$0	$0
DEBBIE STURM	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SEAN BENGOCHEA	TRUSTEE	1.00	Director	$0	$0	$0
CAROLE JONES	TRUSTEE	1.00	Director	$0	$0	$0
JIM MORREN	TRUSTEE	1.00	Director	$0	$0	$0
CRAIG LAMBRECHT MD	SYSTEM CEO (UNTIL 3/11/2024)	1.00	Officer	$0	$24,583	$1,740,052
COLE TURNER	SYSTEM CFO (UNTIL 4/26/2024)	1.00	Officer	$0	$5,974	$1,953,756
VICKI NEWMILLER	PRESIDENT OF SHELBY	20.00	Officer	$0	$26,183	$391,513
BRIGID BURKE	CFO	1.00	Officer	$0	$31,922	$465,084
KEVIN ABEL	CEO	1.00	Officer	$0	$38,583	$1,024,934
CLINTON SEGER MD	SYSTEM CO-CEO	1.00	Officer	$0	$43,294	$1,206,892
WILLIAM GIBSON	CLO/SECRETARY	1.00	Officer	$0	$38,623	$839,845
JUSTIN OTT	CIO	1.00	Officer	$0	$47,594	$488,906
ELLEN LAYTON	CAO	1.00	Officer	$0	$51,195	$822,018
JAY TAYLOR MD	PHYSICIAN	50.00	Highest	$530,502	$36,040	$566,542
PATRICK ALDUENDA	ADVANCED PRATICE PROVIDER	50.00	Highest	$210,164	$12,627	$222,791
FRANK TOWSLEY	ADVANCED PRATICE PROVIDER	50.00	Highest	$254,561	$33,044	$287,605
ERIC SIEVERS	ADVANCED PRATICE PROVIDER	50.00	Highest	$237,482	$27,130	$264,612
BRANDON LEE	ADVANCED PRATICE PROVIDER	50.00	Highest	$192,999	$27,223	$220,222

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	$21,004,912	$21,070,207	$22,404,637	$-65,295
2023	$13,468,962	$15,659,252	$22,870,123	$-2,190,290
2023	$17,216,152	$18,489,724	$20,805,009	$-1,273,572
2022	$4,959,999	$4,407,599	$19,877,820	$552,400
2021	$21,053,168	$16,819,272	$20,064,167	$4,233,896
2020	$19,195,893	$15,568,083	$15,504,100	$3,627,810
2020	$16,665,443	$15,568,083	$15,504,100	$1,097,360
2019	$14,912,539	$15,540,668	$6,944,091	$-628,129
2018	$15,870,009	$15,421,805	$7,545,092	$448,204

LOGAN HEALTH - CONRAD