Adventist Health Tulare (EIN 832351753) - 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

Kofl Andrea

Phone

5596880821

Tax Period

2023-01-01 to 2023-12-31

Adventist Health Tulare, founded in 2018, is a mid-sized nonprofit that reported $67.2M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $92.4M exceeded revenue, resulting in a 37% operating deficit.

Mission

Living Gods love by inspiring health, wholeness and hope.

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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 $5,958,611

Program Service Revenue $61,121,870

Investment Income $117,411

Other Revenue $0

TOTAL REVENUE $67,197,892

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $37,475,733

Fundraising Expenses $27,642

Program Expenses $78,149,371

Other Expenses $54,872,198

TOTAL EXPENSES $92,350,431

Year-over-Year Comparison

	2023	2022	Change
Revenue	$67,197,892	$52,064,031	+0.3%
Expenses	$92,350,431	$89,815,633	+0.0%
Net Income	$-25,152,539	$-37,751,602	-0.3%

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

493

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

$10,388,747

Total Directors

$3,609,009

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Heinrich Kerry	Director/CEO	0.00	Officer Director	$0	$55,743	$3,358,171
Hofheins Todd	COO/Vice Chair	0.00	Officer	$0	$74,489	$2,347,081
Beaman John	CFO/ Asst Sec	0.00	Officer	$0	$71,703	$1,752,256
StevensEric	Frmr Care Div Ops Exec thru 02/22	0.00		$0	$57,900	$1,584,193
Nahapetian Arby	Frmr Care Div Med Off thru 02/22	2.00		$0	$67,961	$1,550,255
Jahn Andrew	Frmr Care Div Pres thru 02/22	0.00		$0	$50,625	$1,516,531
Wells Jason	Central CA Netw Pres eff 01/23/23	12.50		$0	$23,881	$1,494,463
Wing Billy	Former Dir/A Sec/V Chair thru 01/22	0.00		$0	$26,777	$1,465,237
Kofl Andrea	Ctrl Vally Pres	12.50	Officer	$0	$69,422	$1,242,764
Jobe Meredith	Secretary	0.00	Officer	$0	$60,723	$1,020,211
Kaur Gurvinder	Medical Officer, CVN	12.50		$0	$68,525	$784,162
Ayala Raul	Ambulatory Medical Officer, CVN Cli	12.50		$0	$48,767	$731,002
Haydock Timothy	Treas/Asst Sec	12.50	Officer	$0	$39,500	$668,264
Reyna Sonja	Operations Executive, CVN	12.50		$0	$68,357	$655,632
SpenstBrett	Frmr Care Div Fin Off thru 02/22	0.00		$0	$44,711	$565,336
Taggart Laurie	Patient Care Executive, CVN	12.50		$0	$55,425	$565,043
Day Lauren	Philanthropy Executive, CVN	12.50		$0	$64,069	$402,530
Ammon Edward	Former Foundation Executive 06/23	50.00		$0	$63,429	$367,231
Garcia Rosa	RN, Nurse Lead	40.00		$250,227	$89,430	$339,657
Pereira Sheri	Associate Patient Care Executive	0.00		$0	$34,431	$327,137
Martin Cassi	Director RN	40.00		$240,720	$71,583	$312,303
Jones Larry	Admin Director, Ancillary Services	12.50		$0	$54,929	$309,672
Alkire Sheryl	Director RN	40.00		$210,209	$46,262	$256,471
Ng Mankwong	Pharmacist	40.00		$199,530	$49,231	$248,761
Aflague Stefanie	Charge Pharmacist	40.00		$194,177	$24,048	$218,225
McGowan John	Assoc Patient Care Exec thru 06/23	50.00		$0	$35,756	$156,817
Freedman John	Dir/Chair	0.00	Director	$0	$0	$26,770
Cherry Robert	Director	0.00	Director	$0	$0	$26,611
Davis Andrew	Director	0.00	Director	$0	$0	$26,611
Innocent Larry	Director	0.00	Director	$0	$0	$26,611
Newton Bradford	Dir/Vice Chair	0.00	Director	$0	$0	$26,611
Reiner Richard	Director	0.00	Director	$0	$0	$26,611
Salazar Velino	Director	0.00	Director	$0	$0	$26,611
Banks David	Director	0.00	Director	$0	$0	$26,181
Woodson Marc	Director	0.00	Director	$0	$0	$21,611
WagnerJack	Director	0.00	Director	$0	$0	$16,180
Fehr Joy	Director	0.00	Director	$0	$0	$430

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	$67,197,892	$92,350,431	$42,777,136	$-25,152,539
2022	$52,064,031	$89,815,633	$40,512,216	$-37,751,602
2021	$35,419,993	$82,061,849	$47,090,498	$-46,641,856
2020	$64,037,380	$65,489,283	$69,567,437	$-1,451,903
2019	$39,472,776	$47,502,645	$49,896,460	$-8,029,869

Adventist Health Tulare