HEALTH WEST INC (EIN 820324100) - 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

MINDY STOSICH-BENEDETTI

Phone

2082327862

Tax Period

2024-06-01 to 2025-05-31

HEALTH WEST INC, founded in 1975, is a mid-sized nonprofit in the Health Care sector that reported $47.7M in total revenue in fiscal year 2024.

Mission

EMPOWERING OUR PATIENTS AND COMMUNITIES BY PROACTIVELY PROVIDING QUALITY, AFFORDABLE PATIENT-CENTERED HEALTHCARE.

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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 $13,741,377

Program Service Revenue $33,909,769

Investment Income $374,131

Other Revenue $-306,142

TOTAL REVENUE $47,719,135

Expense Breakdown

Grants Paid $12,881

Salaries & Benefits $26,988,067

Fundraising Expenses $17,475

Program Expenses $36,910,506

Other Expenses $21,108,091

TOTAL EXPENSES $48,126,514

Year-over-Year Comparison

	2024	2023	Change
Revenue	$47,719,135	$48,635,536	0.0%
Expenses	$48,126,514	$45,106,111	+0.1%
Net Income	$-407,379	$3,529,425	-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

390

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

$1,316,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM WALDRON	PRESIDENT	2.00	Officer Director	$0	$0	$0
AMBER DAVIS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LARRY BURDEN	TREASURER	2.00	Officer Director	$0	$0	$0
IRIS BUDER JENSEN	SECRETARY	2.00	Officer Director	$0	$0	$0
DANIEL DAVIDS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER HARTWELL	DIRECTOR	1.00	Director	$0	$0	$0
DEIDRA HARTWELL	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS MATHIS	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES CHUCK RIZZO	DIRECTOR	1.00	Director	$0	$0	$0
GLORIA WHITESIDE	DIRECTOR (THROUGH MARCH 2025)	1.00	Director	$0	$0	$0
AMY WUEST	DIRECTOR	1.00	Director	$0	$0	$0
MARK HORROCKS	CMO	40.00	Officer	$319,455	$83,068	$402,523
MINDY STOSICH-BENEDETTI	CEO	40.00	Officer	$318,622	$52,103	$370,725
PAUL MORGAN	CFO (THROUGH MAY 2025)	40.00	Officer	$218,675	$67,359	$286,034
AMY TOVEY	COO	40.00	Officer	$187,396	$69,322	$256,718
ANGELA TIEGE	OBGYN	40.00	Highest	$322,144	$75,965	$398,109
GREGORY KOSTUR	PEDIATRICIAN	40.00	Highest	$259,179	$72,517	$331,696
JON MALAN	PHYSICIAN	40.00	Highest	$259,873	$67,194	$327,067
JOHN MAURIC	PHYSICIAN	40.00	Highest	$248,870	$49,617	$298,487
MELISSA KJOS	PHYSICIAN	40.00	Highest	$248,872	$44,121	$292,993

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
2025	$47,719,135	$48,126,514	$47,019,950	$-407,379
2024	$48,635,536	$45,106,111	$48,635,709	$3,529,425
2023	$35,033,598	$33,250,589	$37,025,051	$1,783,009
2022	$31,630,183	$28,651,352	$30,608,192	$2,978,831
2021	$28,984,564	$23,392,767	$27,885,375	$5,591,797
2020	$28,668,709	$24,192,748	$24,752,737	$4,475,961
2019	$25,701,689	$23,400,152	$16,493,746	$2,301,537
2018	$24,916,504	$21,867,053	$13,925,082	$3,049,451

HEALTH WEST INC