HONORHEALTH (EIN 860181654) - 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

1962

Legal Domicile

Phone

4805875113

Tax Period

2023-01-01 to 2023-12-31

HONORHEALTH, founded in 1962, is a large national nonprofit in the Health Care sector that reported $2.9B in total revenue in fiscal year 2023. Expenses of $2.8B left a modest 6% surplus.

Mission

HONORHEALTH'S MISSION IS TO IMPROVE THE HEALTH AND WELL-BEING OF THOSE WE SERVE.

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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 $23,475,642

Program Service Revenue $2,873,143,829

Investment Income $38,289,224

Other Revenue $2,810,392

TOTAL REVENUE $2,937,719,087

Expense Breakdown

Grants Paid $12,582,382

Salaries & Benefits $1,284,984,598

Fundraising Expenses $0

Program Expenses $2,360,812,444

Other Expenses $1,474,144,203

TOTAL EXPENSES $2,771,711,183

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,937,719,087	$2,780,163,245	+0.1%
Expenses	$2,771,711,183	$2,583,390,245	+0.1%
Net Income	$166,007,904	$196,773,000	-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 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

17700

Volunteers

1640

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

$5,090,397

Total Directors

$3,158,857

Key Employees

$9,196,155

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	DIRECTOR/VICE CHAIR	1.0	Officer Director	$46,816	$0	$46,816
N/A	DIRECTOR/CHAIRMAN	1.0	Officer Director	$50,160	$0	$50,160
N/A	DIRECTOR/PRESIDENT & CEO	37.0	Officer Director	$2,154,987	$340,070	$2,495,057
N/A	DIRECTOR	1.0	Director	$101,800	$0	$101,800
N/A	DIRECTOR	1.0	Director	$58,728	$0	$58,728
N/A	DIRECTOR	1.0	Director	$41,800	$0	$41,800
N/A	DIRECTOR	1.0	Director	$46,816	$0	$46,816
N/A	DIRECTOR	1.0	Director	$46,816	$0	$46,816
N/A	DIRECTOR	1.0	Director	$46,816	$0	$46,816
N/A	DIRECTOR	1.0	Director	$46,816	$0	$46,816
N/A	DIRECTOR	1.0	Director	$46,816	$0	$46,816
N/A	DIRECTOR	1.0	Director	$46,816	$0	$46,816
N/A	DIRECTOR	1.0	Director	$41,800	$0	$41,800
N/A	DIRECTOR	1.0	Director	$41,800	$0	$41,800
N/A	Assistant Treasurer/VP Finance	38.0	Officer	$272,733	$69,355	$342,088
N/A	Assistant Sec/VP/Assoc Gen Counsel	38.0	Officer	$360,111	$68,187	$428,298
N/A	TREASURER/SVP/CFO	39.0	Officer	$755,221	$112,624	$867,845
N/A	SEC/SVP/CHIEF LEGAL OFFICER & GC	39.0	Officer	$720,910	$139,223	$860,133
N/A	SVP-AMBULATORY OPERATIONS	40.0	Key Emp	$694,789	$144,818	$839,607
N/A	SVP/CHIEF NURSE EXEC	40.0	Key Emp	$506,578	$-132,496	$374,082
N/A	SVP-HOSPITAL OPERATIONS (THRU 5/23)	40.0	Key Emp	$981,356	$20,225	$1,001,581
N/A	SVP/Chief Transformation Officer	40.0	Key Emp	$989,928	$180,149	$1,170,077
N/A	EVP/Chief physician executive & network strategy officer	40.0	Key Emp	$1,229,788	$209,682	$1,439,470
N/A	SVP/CHIEF NURSE Executive	40.0	Key Emp	$470,630	$78,085	$548,715
N/A	EVP/CHIEF OPERATIONS OFFICER	40.0	Key Emp	$1,236,234	$214,986	$1,451,220
N/A	SVP/CHIEF CLINICAL VALUE OFFICER	40.0	Key Emp	$611,325	$117,895	$729,220
N/A	SPC ADV TO CEO STR PSHIP	40.0	Key Emp	$229,095	$9,682	$238,777
N/A	SVP/Chief Clinical Value Officer (Thru 5/23)	40.0	Key Emp	$908,840	$-303,832	$605,008
N/A	SVP/Chief HR Officer	40.0	Key Emp	$680,596	$117,802	$798,398
N/A	GI PHYSICIAN	40.0	Highest	$2,014,638	$44,800	$2,059,438
N/A	ORTHOPEDIC SURGEON	40.0	Highest	$1,324,270	$17,845	$1,342,115
N/A	PHYSICIAN	40.0	Highest	$1,518,169	$39,768	$1,557,937
N/A	ORTHOPEDIC SURGEON	40.0	Highest	$1,383,493	$40,000	$1,423,493
N/A	PHYSICIAN	40.0	Highest	$1,450,944	$44,802	$1,495,746
N/A	FORMER SVP/CHIEF LEGAL OFFICER	0.0		$574,500	$0	$574,500

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	$2,937,719,087	$2,771,711,183	$3,831,862,838	$166,007,904
2022	$2,780,163,245	$2,583,390,245	$3,369,239,878	$196,773,000
2021	$2,554,167,187	$2,334,689,609	$3,510,408,010	$219,477,578
2020	$2,173,432,823	$2,019,880,907	$3,183,780,029	$153,551,916
2019	$2,153,551,601	$1,994,958,531	$2,751,945,163	$158,593,070
2018	$2,022,983,964	$1,864,038,247	$2,258,694,352	$158,945,717

HONORHEALTH