LOGAN HEALTH

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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

1982

Legal Domicile

Principal Officer

COLE TURNER

Phone

4067515759

Tax Period

2022-04-01 to 2023-03-31

LOGAN HEALTH, founded in 1982, is a micro nonprofit in the Health Care sector that reported $4K in total revenue in fiscal year 2022. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $623K exceeded revenue, resulting in a 14779% operating deficit.

Mission

PROVIDE SUPPORT SERVICES FOR SUBSIDIARY TAX-EXEMPT ORGANIZATIONS FOCUSED ON OFFERING MEDICAL SERVICES.

Program Service Accomplishments

Program 1

PROVIDE SUPPORT SERVICES AND ADMINISTRATION FOR SUBSIDIARY TAX-EXEMPT ORGANIZATIONS FOCUSED ON OFFERING MEDICAL SERVICES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $24,059

Other Revenue $-19,873

TOTAL REVENUE $4,186

Expense Breakdown

Grants Paid $0

Salaries & Benefits $284,308

Fundraising Expenses $0

Other Expenses $338,544

TOTAL EXPENSES $622,852

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,186	$18,872,923	-1.0%
Expenses	$622,852	$7,828,870	-0.9%
Net Income	$-618,666	$11,044,053	-1.1%

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

623

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

$2,444,455

Total Directors

$2,280,674

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG LAMBRECHT MD	PRESIDENT & CEO	12.50	Officer Director	$1,250,055	$37,864	$1,287,919
STANLEY MAKMAN MD	TRUSTEE	4.00	Director	$0	$0	$605,631
ADAM SMITH	TRUSTEE	4.00	Director	$0	$26,823	$387,124
RHONDA SWANEY	CHAIR	5.00	Officer Director	$0	$0	$0
MICHAEL GOGUEN	VICE CHAIR	4.00	Officer Director	$0	$0	$0
CAROL DONALDSON	TRUSTEE	4.00	Director	$0	$0	$0
MICHELLE HARRIS	TRUSTEE	4.00	Director	$0	$0	$0
JANE KARAS	TRUSTEE	4.00	Director	$0	$0	$0
MARTHA KATZ	TRUSTEE	4.00	Director	$0	$0	$0
CHARLES LUDDEN MD	TRUSTEE	4.00	Director	$0	$0	$0
LARRY MCEVOY	TRUSTEE	4.00	Director	$0	$0	$0
CRAIG BOYER	CHIEF FINANCIAL OFFICER PART YEAR	5.00	Officer	$672,222	$24,842	$697,064
COLE TURNER	CHIEF FINANCIAL OFFICER	5.00	Officer	$453,733	$5,739	$459,472
CINDY MORRISON	CHIEF TRANSFORMATION OFFICER	50.00	Highest	$980,176	$8,527	$988,703
DEBORAH WILSON	CHIEF HUMAN RESOURCES OFFICER	50.00	Highest	$603,419	$8,061	$611,480
WILLIAM GIBSON	GENERAL COUNSEL	50.00	Highest	$511,214	$31,185	$542,399
BRUCE WHITFIELD	PRESIDENT - OUTREACH NETWORK	50.00	Highest	$451,045	$32,356	$483,401
APRIL MCGAULEY	CHIEF NURSING OFFICER	50.00	Highest	$356,071	$35,951	$392,022

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	$4,186	$622,852	$39,512,494	$-618,666
2023	$3,968,522	$9,303,675	$35,279,116	$-5,335,153
2022	$18,872,923	$7,828,870	$26,700,399	$11,044,053
2021	$21,460,963	$9,355,475	$112,746,572	$12,105,488
2020	$22,190,647	$9,803,973	$94,478,062	$12,386,674
2019	$12,781,965	$10,135,004	$80,573,299	$2,646,961
2018	$15,919,711	$10,566,416	$91,176,420	$5,353,295