Prisma Health (EIN 822595551) - 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

2017

Legal Domicile

Phone

8647977805

Tax Period

2023-10-01 to 2024-09-30

Prisma Health, founded in 2017, is a major nonprofit in the Health Care sector that reported $136.6M in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $25.0M, a strong 18% operating margin.

Mission

INSPIRE HEALTH. SERVE WITH COMPASSION. BE THE DIFFERENCE.

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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 $9,042,950

Program Service Revenue $49,970,775

Investment Income $70,112,598

Other Revenue $7,431,317

TOTAL REVENUE $136,557,640

Expense Breakdown

Grants Paid $32,135,803

Salaries & Benefits $533,198,122

Fundraising Expenses $0

Program Expenses $81,616,524

Other Expenses $-453,780,387

TOTAL EXPENSES $111,553,538

Year-over-Year Comparison

	2023	2022	Change
Revenue	$136,557,640	$221,250,607	-0.4%
Expenses	$111,553,538	$148,773,700	-0.3%
Net Income	$25,004,102	$72,476,907	-0.7%

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

7666

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

$5,112,014

Total Directors

$3,302,385

Key Employees

$9,410,788

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark S O'Halla	President and CEO of Prisma Health	40.0	Officer Director	$2,188,170	$746,715	$2,934,885
Calvin H Elam	Board Director- Treasurer (until 12/31/23) and Vice Chair (start 1/1/24)	2.0	Director	$35,000	$0	$35,000
Clay Lowder MD	Board Director	2.0	Director	$7,500	$0	$7,500
Craig Brown	Board Director- Chair (start 1/1/24)	2.0	Director	$0	$0	$0
Frances D Ellison	Board Director- Secretary (until 12/31/23)	2.0	Director	$35,000	$0	$35,000
George S King Jr	Board Director- Treasurer (start 1/1/24)	2.0	Director	$30,000	$0	$30,000
James E Wheeler	Board Director- Vice Chair (until 12/31/23)	2.0	Director	$35,000	$0	$35,000
Jean E Duke	Board Director	2.0	Director	$30,000	$0	$30,000
Jerome D Odom PhD	Board Director (until 12/31/23)	2.0	Director	$35,000	$0	$35,000
Michelle B Seaver	Board Director - Secretary (start 1/1/24)	2.0	Director	$30,000	$0	$30,000
Rev Thomas Simmons	Board Director	2.0	Director	$30,000	$0	$30,000
Richard Wilkerson	Board Director- Chair (until 12/31/23)	2.0	Director	$40,000	$0	$40,000
Robert Dozier	Board Director (start 1/9/24)	2.0	Director	$0	$0	$0
S Richard Hagins	Board Director	2.0	Director	$30,000	$0	$30,000
Shaniece Criss ScD	Board Director	2.0	Director	$30,000	$0	$30,000
Alexander D Gladney	EVP Chief Legal Officer and Secretary (start 9/5/23)	40.0	Officer	$332,679	$23,225	$355,904
Matthew M Elsey	EVP Chief Financial Officer	40.0	Officer	$1,747,652	$73,573	$1,821,225
Amy E Linsin	EVP Chief HR and Diversity Officer	40.0	Key Emp	$1,214,326	$173,850	$1,388,176
Clarence M Sevillian II	EVP Chief Operating Officer	40.0	Key Emp	$1,816,409	$312,799	$2,129,208
James H Lucas	SVP Government Affairs	40.0	Key Emp	$655,507	$65,319	$720,826
Jonathan L Gleason MD	EVP Chief Clinical Officer	40.0	Key Emp	$1,560,078	$245,207	$1,805,285
Malcolm W Isley	EVP Chief Strategy Officer	40.0	Key Emp	$714,427	$225,387	$939,814
Richard J Rogers	SVP Chief Information Officer	40.0	Key Emp	$1,368,273	$154,708	$1,522,981
William C Gerard MD	EVP Value Based Care/CMO Prisma Health Plans/CEO inVio Health Networks	40.0	Key Emp	$760,176	$144,322	$904,498
Angela A Orsky	SVP-Value Based Care & Clin Int	40.0	Highest	$915,802	$134,450	$1,050,252
Catherine M Chang	VP-Chief Quality Officer-Amb & Clin Council	40.0	Highest	$940,638	$118,615	$1,059,253
Christopher C Wright	VP Chief Medical Staff Affairs	40.0	Highest	$870,243	$75,512	$945,755
Greta S Harper	VP Chief Medical Officer Acute Care	40.0	Highest	$1,137,814	$74,110	$1,211,924
William S Cobb IV	CMO-Medical Group Upstate	40.0	Highest	$1,183,756	$171,071	$1,354,827
Carolyn R Swinton	Frmr SVP Chief Nursing Officer (until 2/7/22)	0.0		$215,457	$0	$215,457
Edward W Duffy Jr	Frmr Board Director (until 12/31/22)	0.0		$0	$92,304	$1,370,593
Elizabeth Tibbs	Frmr SVP Chief Operating Officer, Medical Group (until 10/4/23)	0.0		$909,711	$95,918	$1,005,629
Gregory J Rusnak	Frmr EVP Chief Operating Officer (until 10/1/21)	0.0		$515,663	$106,080	$621,743
Howard P West	Frmr EVP Chief Legal Officer (until 9/30/23)	0.0		$1,886,612	$78,966	$1,965,578
Jean M Meyer	Frmr SVP-Acute Care Svcs & Chief Nursing Exec (until 9/30/23)	0.0		$1,385,090	$215,159	$1,600,249
Kristin L Wright	Frmr Corporate Secretary	40.0		$90,896	$16,541	$107,437
Larry D Gosnell	Frmr SVP and Treasurer	40.0		$696,567	$149,730	$846,297
Michael T Burke	Frmr EVP Chief Financial Officer (until 9/30/22)	0.0		$917,382	$9,150	$926,532

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	$136,557,640	$111,553,538	$3,835,404,893	$25,004,102
2023	$221,250,607	$148,773,700	$2,692,873,021	$72,476,907
2022	$324,659,911	$250,002,672	$2,320,477,966	$74,657,239
2021	$125,833,321	$33,308,443	$2,921,459,918	$92,524,878
2020	$151,725,809	$116,575,850	$2,651,815,671	$35,149,959
2019	$45,047,841	$96,626,433	$1,931,987,117	$-51,578,592

Prisma Health