Spartanburg, SC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Apella Health Management Inc, founded in 2016, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $473.8M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.
Apella Health Management was formed to provide certain charitable and health care services to the benefit of Spartanburg Regional Health Services District, Inc., a public hospital corporation and political subdivision of the State of South Carolina, in furtherance of serving the health care needs of Spartanburg County communities in South Carolina and other surrounding communities.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $473,759,564 | $405,021,942 | +0.2% |
| Expenses | $463,222,571 | $399,365,996 | +0.2% |
| Net Income | $10,536,993 | $5,655,946 | +0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Ashley Allen | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| D Byrd Miller III | Chair | 1.0 |
Director
|
$0 | $0 | $0 |
| Katherine O'Neil | Vice Chair | 1.0 |
Director
|
$0 | $0 | $0 |
| Mary L Thomas | Past Chair | 1.0 |
Director
|
$0 | $0 | $0 |
| Michael Orseck MD | Board Member | 1.0 |
Director
|
$0 | $15,051 | $1,711,154 |
| Robert Barrett | Secretary | 1.0 |
Director
|
$0 | $0 | $0 |
| Scott Montgomery | Treasurer | 1.0 |
Director
|
$0 | $0 | $0 |
| Terry Cash | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Vic Bailey III | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Wellesley Alexander MD | Board Member | 1.0 |
Director
|
$0 | $22,654 | $539,230 |
| Bruce Davis | EVP/CFO | 40.0 |
Key Emp
|
$1,081,140 | $157,948 | $1,239,088 |
| Bruce Holstien | President/CEO | 40.0 |
Key Emp
|
$1,860,115 | $378,390 | $2,238,505 |
| Mark Aycock | VP-Operations | 40.0 |
Key Emp
|
$1,296,151 | $27,383 | $1,323,534 |
| Brett English | VP Finance | 40.0 |
Highest
|
$418,841 | $37,947 | $456,788 |
| David Church | FOUNDATION PRESIDENT | 40.0 |
Highest
|
$472,588 | $33,197 | $505,785 |
| Maria Williamson | VP-MARKETING | 40.0 |
Highest
|
$457,169 | $13,156 | $470,325 |
| Mary Jennings | CHIEF NURSING OFFICER-SMC | 40.0 |
Highest
|
$421,725 | $30,028 | $451,753 |
| Paul Newhouse | PRESIDENT-UMC | 40.0 |
Highest
|
$351,745 | $23,030 | $374,775 |
| Kenneth Meinke | EVP/CFO | 40.0 |
|
$946,343 | $30,028 | $976,371 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $473,759,564 | $463,222,571 | $78,430,719 | $10,536,993 |
| 2023 | $405,021,942 | $399,365,996 | $61,151,196 | $5,655,946 |
| 2022 | $335,907,316 | $329,351,686 | $51,496,580 | $6,555,630 |
| 2021 | $292,650,959 | $286,479,565 | $56,380,726 | $6,171,394 |
| 2020 | $237,715,064 | $233,482,741 | $39,656,964 | $4,232,323 |
| 2019 | $179,171,179 | $175,605,657 | $24,957,794 | $3,565,522 |
| 2018 | $72,348,631 | $70,592,889 | $10,970,363 | $1,755,742 |
Compare Apella Health Management Inc with other nonprofits in South Carolina and across the country.