FIRST CHOICE COMMUNITY HEALTHCARE … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

JEREMIAH DYE

Phone

5058737400

Tax Period

2024-01-01 to 2024-12-31

FIRST CHOICE COMMUNITY HEALTHCARE INC, founded in 1972, is a mid-sized nonprofit in the Health Care sector that reported $32.7M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year.

Mission

TO IMPROVE THE HEALTH, LIFE SKILLS, AND WELL-BEING OF ALL MEMBERS OF THE COMMUNITIES WE SERVE BY PROVIDING PRIMARY MEDICAL, DENTAL, AND BEHAVIORAL HEALTH CARE, INCLUDING HEALTH EDUCATION, TO THE RESIDENTS OF BERNALILLO, VALENCIA, AND SANTA FE COUNTIES IN NEW MEXICO.

Program Service Accomplishments

Program 1

Expenses: $15,876,315 Revenue: $14,369,731

THE MEDICAL PROGRAM REFOCUSED EFFORTS TO IMPROVE POPULATION HEALTH INCLUDING CLOSING GAPS IN CARE TO BETTER SERVE PATIENTS AND INCREASE REVENUE THROUGH VALUE-BASED REIMBURSEMENT. WE SERVED AS A...

THE MEDICAL PROGRAM REFOCUSED EFFORTS TO IMPROVE POPULATION HEALTH INCLUDING CLOSING GAPS IN CARE TO BETTER SERVE PATIENTS AND INCREASE REVENUE THROUGH VALUE-BASED REIMBURSEMENT. WE SERVED AS A CLINICAL ROTATION SITE FOR 9 FAMILY MEDICINE RESIDENTS, AND 6 OTHER PHYSICIANS RECEIVING POST-GRADUATE TRAINING. WE SERVED AS A CLINICAL ROTATION SITE FOR 6 PRE- GRADUATE NURSE PRACTITIONERS. WE ALSO SUCCESSFULLY IMPLEMENTED A NEW FRONT OFFICE SOFTWARE SYSTEM WITH MINIMAL DOWNTIME. PATIENT VISITS IN 2024 TOTALED 82,580.

Program 2

Expenses: $7,573,000 Revenue: $5,837,050

THE DENTAL PROGRAM ADDED 3 NEW DENTISTS (2.5 FTE), SERVED AS A CLINICAL ROTATION SITE FOR 10 STUDENT DENTISTS, 2 STUDENT DENTAL HYGIENISTS, AND 11 STUDENT DENTAL ASSISTANTS. WE ALSO EXPANDED PROGRAM EMBEDDING DENTAL HYGIENISTS IN MEDICAL CLINICS FOR ORAL HEALTH EDUCATION AND SCREENING TO A FIFTH MEDICAL SITE. PATIENT VISITS IN 2024 TOTALED 38,683.

Program 3

Expenses: $1,236,000 Revenue: $945,009

THE BEHAVIORAL HEALTH (BH) TEAM BROADENED ITS THERAPY OFFERINGS TO INCLUDE MARRIAGE AND FAMILY COUNSELING, ENHANCING SUPPORT FOR DIVERSE PATIENT NEEDS. THE SCHEDULING TEAM CLEARED OVER 400...

THE BEHAVIORAL HEALTH (BH) TEAM BROADENED ITS THERAPY OFFERINGS TO INCLUDE MARRIAGE AND FAMILY COUNSELING, ENHANCING SUPPORT FOR DIVERSE PATIENT NEEDS. THE SCHEDULING TEAM CLEARED OVER 400 OUTSTANDING APPOINTMENT REQUESTS, IMPLEMENTED A FOLLOW-UP PROCESS TO REDUCE PATIENT LOSS, AND ENFORCED A REVISED NO-SHOW POLICY TO IMPROVE SERVICE ACCESS. WE SUCCESSFULLY INTEGRATED TWO NEW THERAPISTS INTO THE TEAM TO ESTABLISH BH SERVICES AT UNDERSERVED CLINIC LOCATIONS; ONE THERAPIST EARNED AN LPCC LICENSE, ANOTHER COMPLETED PREREQUISITES FOR INDEPENDENT LICENSURE, AND STAFF PARTICIPATED IN TRAININGS INCLUDING FAMILY THERAPY, TRAUMA-INFORMED CARE, AND PSYCHOPHARMACOLOGY CONFERENCES TO STRENGTHEN CLINICAL EXPERTISE ACROSS THE DEPARTMENT. PATIENT VISITS IN 2024 TOTALED 8,096.

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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 $10,916,325

Program Service Revenue $21,151,790

Investment Income $599,623

Other Revenue $1,653

TOTAL REVENUE $32,669,391

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,861,699

Fundraising Expenses $109,667

Program Expenses $24,685,315

Other Expenses $9,540,116

TOTAL EXPENSES $34,401,815

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,669,391	$40,506,623	-0.2%
Expenses	$34,401,815	$42,659,175	-0.2%
Net Income	$-1,732,424	$-2,152,552	-0.2%

Key Indicators

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

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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

458

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

$259,876

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LANNY LEYBA	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROD MERCURE	PRESIDENT (R	2.00	Officer Director	$0	$0	$0
MARY DOMINGUEZ	VP/PRES. (RE	2.00	Officer Director	$0	$0	$0
DEBRA SINGLETARY	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
VICKI VOYLES	SECRETARY	2.00	Officer Director	$0	$0	$0
DENISE SAAVEDRA	SECRETARY (R	2.00	Officer Director	$0	$0	$0
KEVIN FOWLER	TREASURER	2.00	Officer Director	$0	$0	$0
BILL MCINTYRE	TREASURER (R	2.00	Officer Director	$0	$0	$0
PATRICIA WEST	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE ROTH	DIRECTOR	1.00	Director	$0	$0	$0
KATHI RITCHEY	DIRECTOR	1.00	Director	$0	$0	$0
SAVERIO SAVA	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE CASTILLO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT TRUJILLO	DIRECTOR	1.00	Director	$0	$0	$0
LOURDES ORTIZ	DIRECTOR (RE	1.00	Director	$0	$0	$0
MERCEDES GUTIERREZ	DIRECTOR (RE	1.00	Director	$0	$0	$0
DARLENE FLORES	DIRECTOR (RE	1.00	Director	$0	$0	$0
CATHY SALCIDO	DIRECTOR (RE	1.00	Director	$0	$0	$0
MARY CASTRO	DIRECTOR (RE	1.00	Director	$0	$0	$0
JEREMIAH DYE	CEO	40.00	Officer	$219,002	$40,874	$259,876
LIANG-TSO TUNG	CLINIC SUPER	40.00	Highest	$208,543	$40,045	$248,588
SCOTT JEANSONNE	CLINICAL SUP	40.00	Highest	$192,260	$38,589	$230,849
JULIANA CHAVEZ	CLINICAL SUP	40.00	Highest	$187,217	$38,111	$225,328
LAURA PAUWELS	DENTIST	40.00	Highest	$180,422	$36,380	$216,802
JENNIFER PENTECOST	MEDICAL DIRE	40.00	Highest	$183,854	$38,015	$221,869

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	$32,669,391	$34,401,815	$14,561,151	$-1,732,424
2023	$40,506,623	$42,659,175	$16,089,693	$-2,152,552
2022	$43,578,746	$45,705,730	$21,230,066	$-2,126,984
2021	$47,642,107	$44,312,850	$24,829,466	$3,329,257
2020	$40,417,139	$41,885,798	$26,183,397	$-1,468,659
2019	$39,827,702	$40,439,672	$20,913,889	$-611,970
2018	$37,222,870	$38,135,193	$20,733,722	$-912,323

FIRST CHOICE COMMUNITY HEALTHCARE INC