PAEON HEALTH SERVICES INC (EIN 821064427) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

JIM MOLLOY

Phone

5128993995

Tax Period

2023-01-01 to 2023-12-31

PAEON HEALTH SERVICES INC, founded in 2017, is a mid-sized nonprofit in the Health Care sector that reported $12.9M in total revenue in fiscal year 2023. Revenue surged 90% from the prior year, signaling strong growth momentum.

Mission

FACILITATE PROVISION OF HEALTH CARE & OTHER SOCIAL SERVICES TO INDIVIDUALS INCLUDING THE INDIGENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,975,000

Program Service Revenue $4,925,954

Investment Income $0

Other Revenue $0

TOTAL REVENUE $12,900,954

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,059,908

Fundraising Expenses $0

Program Expenses $12,799,916

Other Expenses $3,045,144

TOTAL EXPENSES $13,105,052

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,900,954	$6,787,403	+0.9%
Expenses	$13,105,052	$6,198,841	+1.1%
Net Income	$-204,098	$588,562	-1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

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

$6,907,169

Total Directors

$6,907,169

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER C NOVEMBER	DIRECTOR/SEC/TREAS/CFO	1.00	Officer Director	$0	$852,128	$5,035,779
SCOTT J POSECAI	DIRECTOR/PRES/CEO (END: 12/2023)	1.00	Officer Director	$0	$184,304	$1,871,390
WILLARD T DALTON MD	PHYSICIAN	40.00	Highest	$335,500	$19,800	$355,300
BEN B ADAMS MD	PHYSICIAN	40.00	Highest	$630,666	$0	$630,666
BEDFORD NIEVES-CRUZ MD	PHYSICIAN	40.00	Highest	$459,578	$19,800	$479,378
MICHAEL A PREJEAN MD	PHYSICIAN	40.00	Highest	$586,923	$19,800	$606,723
JARED M ROUSSEL MD	PHYSICIAN	40.00	Highest	$555,131	$13,200	$568,331
RUSSELL P HENRY MD	FORMER KEY EMPLOYEE	40.00		$265,843	$10,634	$276,477

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	$12,900,954	$13,105,052	$667,111	$-204,098
2022	$6,787,403	$6,198,841	$871,209	$588,562
2021	$5,044,933	$5,170,181	$282,647	$-125,248
2020	$5,282,589	$4,964,006	$441,074	$318,583

PAEON HEALTH SERVICES INC