ANDERSON HEALTHCARE (EIN 843965822) - 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

2019

Legal Domicile

Principal Officer

KEITH PAGE

Phone

6183916400

Tax Period

2023-01-01 to 2023-12-31

ANDERSON HEALTHCARE, founded in 2019, is a mid-sized nonprofit in the Health Care sector that reported $36.8M in total revenue in fiscal year 2023. Expenses of $57.7M exceeded revenue, resulting in a 56% operating deficit.

Mission

ANDERSON HEALTHCARE IS AN ILLINOIS NOT-FOR-PROFIT CORPORATION AND PARENT COMPANY THAT PRIMARILY EARNS REVENUE BY PROVIDING INPATIENT, OUTPATIENT, AND EMERGENCY CARE.

🔒

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 $0

Program Service Revenue $32,486,420

Investment Income $-598,758

Other Revenue $4,956,523

TOTAL REVENUE $36,844,185

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,154,115

Fundraising Expenses $0

Program Expenses $49,449,261

Other Expenses $22,504,734

TOTAL EXPENSES $57,658,849

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,844,185	$34,213,395	+0.1%
Expenses	$57,658,849	$53,197,290	+0.1%
Net Income	$-20,814,664	$-18,983,895	+0.1%

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

Employees

407

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

$1,160,079

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK SHASHEK	CHAIRMAN	0.50	Officer Director	$0	$0	$0
GREGORY COFFEY	VICE CHAIRPERSON	0.25	Officer Director	$0	$0	$0
JOSEPH HAGERTY	TREASURER	0.50	Officer Director	$0	$0	$0
JOSEPH SMITH	SECRETARY	0.50	Officer Director	$0	$0	$0
LAURA BERNAIX PHD	BOARD MEMBER	0.25	Director	$0	$0	$0
FRANK FLANIGAN	BOARD MEMBER	0.50	Director	$0	$0	$0
THOMAS HULSEN MD	BOARD MEMBER	0.25	Director	$0	$0	$0
DONALD KASUBKE	BOARD MEMBER (UNTIL 4/23)	0.50	Director	$0	$0	$0
MICHAEL MARSHALL	COO	8.00	Officer	$327,905	$52,419	$380,324
KEITH PAGE	PRESIDENT/CEO	8.00	Officer	$560,441	$110,100	$670,541
PATRICK GARVEY	CFO	8.00	Officer	$103,223	$5,991	$109,214
EDMUNDO RODRIGUEZ-FRIAS	PHYSICIAN	40.00	Highest	$874,725	$29,682	$904,407
RAFE HENG	PHYSICIAN	40.00	Highest	$776,737	$35,814	$812,551
TIBOR KOPJAS	PHYSICIAN	40.00	Highest	$628,949	$13,493	$642,442
RONALD GOULD	PHYSICIAN	40.00	Highest	$701,243	$1,560	$702,803
JOEL FRANCO	PHYSICIAN	40.00	Highest	$651,950	$33,268	$685,218

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	$36,844,185	$57,658,849	$42,920,988	$-20,814,664
2022	$34,213,395	$53,197,290	$44,928,314	$-18,983,895
2021	$29,425,681	$43,855,855	$41,437,636	$-14,430,174
2020	$21,055,194	$40,004,592	$35,211,648	$-18,949,398

ANDERSON HEALTHCARE