LOGAN HEALTH (EIN 810406485) - 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

1982

Legal Domicile

Principal Officer

BRIGID BURKE

Phone

4067515759

Tax Period

2023-04-01 to 2023-12-31

LOGAN HEALTH, founded in 1982, is a community nonprofit in the Health Care sector that reported $4.0M in total revenue in fiscal year 2023. Revenue surged 94705% from the prior year, signaling strong growth momentum. Expenses of $9.3M exceeded revenue, resulting in a 134% operating deficit.

Mission

PROVIDE SUPPORT SERVICES FOR SUBSIDIARY TAX-EXEMPT ORGANIZATIONS 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $153,592

Investment Income $632,833

Other Revenue $3,182,097

TOTAL REVENUE $3,968,522

Expense Breakdown

Grants Paid $258,598

Salaries & Benefits $5,796,439

Fundraising Expenses $0

Program Expenses $258,598

Other Expenses $3,248,638

TOTAL EXPENSES $9,303,675

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,968,522	$4,186	+947.0%
Expenses	$9,303,675	$622,852	+13.9%
Net Income	$-5,335,153	$-618,666	+7.6%

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

$2,784,517

Total Directors

$2,405,488

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG LAMBRECHT MD	PRESIDENT & CEO	30.00	Officer Director	$1,510,765	$37,517	$1,548,282
COLE TURNER	CHIEF FINANCIAL OFFICER	12.50	Officer	$1,206,979	$29,256	$1,236,235
WILLIAM GIBSON	GENERAL COUNSEL	30.00	Highest	$1,118,378	$37,507	$1,155,885
ADRIENNE CHASE	CHIEF COMPLIANCE OFFICER	50.00	Highest	$988,084	$31,529	$1,019,613
WENDY FOURNET	CHIEF HUMAN RESOURCES OFFI	10.00	Highest	$948,376	$27,799	$976,175
BRADLEY SCHIPPER	CHIEF OPERATING OFFICER	0.00	Highest	$914,378	$24,383	$938,761
APRIL MCGAULEY	COO/CHIEF NURSING OFFICER	0.00	Highest	$760,301	$34,499	$794,800
ADAM SMITH DO	TRUSTEE	1.00	Director	$0	$28,812	$443,814
STANLEY MAKMAN MD	TRUSTEE	1.00	Director	$0	$36,815	$413,392
RHONDA SWANEY	CHAIR	3.00	Officer Director	$0	$0	$0
MICHAEL GOGUEN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MICHELLE HARRIS	TRUSTEE	1.00	Director	$0	$0	$0
JANE KARAS	TRUSTEE	1.00	Director	$0	$0	$0
MARTHA KATZ	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES LUDDEN MD	TRUSTEE	1.00	Director	$0	$0	$0
LARRY MCEVOY MD	TRUSTEE	1.00	Director	$0	$0	$0
CAROL STEPHENS-DONALDSON	TRUSTEE	1.00	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	$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

LOGAN HEALTH