Solutionhealth (EIN 830741190) - 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

2018

Legal Domicile

Principal Officer

John E Friberg Jr

Phone

6036695300

Tax Period

2024-07-01 to 2025-06-30

Solutionhealth, founded in 2018, is a major nonprofit in the Health Care sector that reported $162.5M in total revenue in fiscal year 2024.

Mission

To support and facilitate an integrated community-based, regional health care delivery system among the Southern New Hampshire and Elliot Hospital Systems.

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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 $17,460

Program Service Revenue $162,513,802

Investment Income $0

Other Revenue $0

TOTAL REVENUE $162,531,262

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,289,712

Fundraising Expenses $0

Program Expenses $151,410,170

Other Expenses $69,241,550

TOTAL EXPENSES $162,531,262

Year-over-Year Comparison

	2024	2023	Change
Revenue	$162,531,262	$158,374,673	+0.0%
Expenses	$162,531,262	$164,999,950	0.0%
Net Income	$0	$-6,625,277	-1.0%

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

1037

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

$5,245,105

Total Directors

$1,812,667

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John E Friberg Esq	Interim CEO	41.00	Officer Director	$1,072,488	$128,369	$1,200,857
Stephen Loosigian DO	Trustee/Secretary	1.00	Officer Director	$0	$43,400	$611,810
Bobbie Bagley	Trustee (end 1/2025)	1.00	Director	$0	$0	$0
Howard Brodsky	Trustee (end 8/2024)	1.00	Director	$0	$0	$0
Joseph Laplante	Trustee	1.00	Director	$0	$0	$0
Dianne Mercier	Trustee (end 8/2024)	1.00	Director	$0	$0	$0
Martha E O'Neill	Trustee	1.00	Director	$0	$0	$0
Charles Rolecek	Trustee	1.00	Director	$0	$0	$0
Clifford Kinghorn	Trustee	1.00	Director	$0	$0	$0
Charla Stevens Esq	Trustee/Chair	1.00	Officer Director	$0	$0	$0
Timothy Whitaker	Trustee/Treasurer	1.00	Officer Director	$0	$0	$0
William G Baxter	Elliot Health President/CEO	1.00	Officer	$0	$186,453	$1,581,095
Michael Turilli	SVP/CFO	41.00	Officer	$783,833	$123,201	$907,034
Colin T McHugh	SNHHS President/CEO	1.00	Officer	$0	$55,104	$944,309
Kathleen Repoli	VP Payer Relations & Revenue	40.00	Highest	$355,994	$19,787	$375,781
Alisha Feightner	VP Operational Excellence	40.00	Highest	$356,649	$7,973	$364,622
Jessica Connare	Executive Director Human Resources	40.00	Highest	$239,214	$50,827	$290,041
Rachel Wise	VP Clinical Services Finance	40.00	Highest	$332,468	$19,690	$352,158
Jason Elliot	SVP/Chief Human Resources Officer	40.00	Highest	$553,247	$49,271	$602,518
Bradley Kreick	Former SH President & CEO (end 4/24)	0.00		$1,960,720	$48,561	$2,009,281

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	$162,531,262	$162,531,262	$52,436,187	No data
2024	No data	No data	No data	No data
2023	$139,475,176	$141,501,590	$52,329,934	$-2,026,414
2022	$136,993,038	$138,186,899	$61,075,440	$-1,193,861
2021	$93,816,355	$93,850,857	$43,298,954	$-34,502
2020	$21,174,050	$21,245,627	$14,038,238	$-71,577
2018	$318,820	$318,820	No data	No data

Solutionhealth