SYNCRONYS (EIN 850392796) - 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

1990

Legal Domicile

Principal Officer

TERESA L STEWART

Phone

5059389901

Tax Period

2024-01-01 to 2024-12-31

SYNCRONYS, founded in 1990, is a mid-sized nonprofit in the Health Care sector that reported $13.7M in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.0M, a strong 29% operating margin.

Mission

NON-PROFIT ORGANIZATION ESTABLISHED TO IMPROVE QUALITY, CONTROL COSTS, AND EXPAND ACCESS TO HEALTH CARE BY DEVELOPMENT OF THE OPERATION OF THE HEALTH INFORMATION EXCHANGE.

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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 $9,865,064

Program Service Revenue $3,840,859

Investment Income $174

Other Revenue $0

TOTAL REVENUE $13,706,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,334,798

Fundraising Expenses $0

Program Expenses $8,774,510

Other Expenses $7,341,516

TOTAL EXPENSES $9,676,314

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,706,097	$8,852,821	+0.5%
Expenses	$9,676,314	$9,827,210	0.0%
Net Income	$4,029,783	$-974,389	-5.1%

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

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

$501,661

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL CROSSEY MD PHD	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
JARED UDALL	BOARD MEMBER AUDIT/FINANCE CHAIR	0.50	Officer Director	$0	$0	$0
J RANDLE ADAIR DO PHD	PAST CHAIR	0.50	Officer Director	$0	$0	$0
TRACIE COLLINS	BOARD MEMBER	0.50	Director	$0	$0	$0
ERIC JIMENEZ	BOARD MEMBER	0.50	Director	$0	$0	$0
ROBERT LONGSTREET	BOARD MEMBER	0.50	Director	$0	$0	$0
MAGGIE MCCOWEN LISW MBA	NOMINATING COMMITTEE CHAIR	0.50	Director	$0	$0	$0
SOYAL MOMIN	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVE PANANA	BOARD MEMBER	0.50	Director	$0	$0	$0
DUSADEE SARANGARM MD	BOARD MEMBER	0.50	Director	$0	$0	$0
CURT SCHATZ MBA	BOARD MEMBER	0.50	Director	$0	$0	$0
ELIZABETH THOMSON	BOARD MEMBER	0.50	Director	$0	$0	$0
RUSSELL TOAL	BOARD MEMBER	0.50	Director	$0	$0	$0
NANCY J WRIGHT MD	CHAIR ELECT	0.50	Director	$0	$0	$0
TERESA L STEWART	CEO/PRESIDENT	40.00	Officer	$284,090	$29,912	$314,002
GISELA BARTOLOME	CHIEF INFORMATION OFFICER/VP	40.00	Officer	$139,710	$6,532	$146,242
MARJORIE GOLDSTEIN	CFO/SECRETARY TREASURER	8.00	Officer	$41,417	$0	$41,417
MARK NORBY	PRIVACY AND SECURITY OFFICER	40.00	Highest	$110,769	$13,788	$124,557
PHILIP GIBBS	DIRECTOR CUSTOMER ENGAGEMENT	40.00	Highest	$103,910	$22,359	$126,269

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	$13,706,097	$9,676,314	$8,411,655	$4,029,783
2023	$8,852,821	$9,827,210	$4,142,766	$-974,389
2022	$3,298,283	$7,023,920	$4,340,079	$-3,725,637
2021	$15,296,549	$11,918,646	$9,036,705	$3,377,903
2020	$22,395,460	$18,588,889	$8,654,892	$3,806,571
2019	$2,864,053	$1,956,694	$323,559	$907,359
2018	$1,974,835	$2,496,593	$157,947	$-521,758

SYNCRONYS