SPECTRUM HEALTHCARE GROUP INC (EIN 860207499) - 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

1965

Legal Domicile

Principal Officer

LAUREN LAUDER

Phone

9286342236

Tax Period

2023-10-01 to 2024-09-30

SPECTRUM HEALTHCARE GROUP INC, founded in 1965, is a mid-sized nonprofit that reported $32.8M in total revenue in fiscal year 2023.

Mission

SHG EXISTS TO SERVE YOU AND THE HEALTHCARE NEEDS OF ARIZONANS PROVIDING EXCEPTIONAL INTEGRATED CARESHG EXISTS TO SERVE YOU AND THE HEALTHCARE NEEDS OF ARIZONANS PROVIDING EXCEPTIONAL INTEGRATED CARE WHEN, WHERE, AND HOW PATIENTS NEED IT. THROUGH PRIMARY CARE AND BEHAVIORAL HEALTH SERVICES, MOBILE CRISIS RESPONSE, RESIDENTIAL TREATMENT AND MORE, SPECTRUM IS COMMITTED TO COMPASSIONATE CAREFOR MIND, FOR BODY, FOR ALL OF YOU!

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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 $4,506,679

Program Service Revenue $27,129,806

Investment Income $1,059,452

Other Revenue $88,627

TOTAL REVENUE $32,784,564

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,473,977

Fundraising Expenses $0

Program Expenses $27,554,505

Other Expenses $8,612,853

TOTAL EXPENSES $34,086,830

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,784,564	$30,927,167	+0.1%
Expenses	$34,086,830	$34,342,933	0.0%
Net Income	$-1,302,266	$-3,415,766	-0.6%

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

540

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

$649,943

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY TAYLOR	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBERT OLSON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DR DEBRA NIXON	SECRETARY	2.00	Officer Director	$0	$0	$0
TOM PENDER	TREASURER	2.00	Officer Director	$0	$0	$0
DR CHRISTIAN MOHER	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD DEHNERT	DIRECTOR	2.00	Director	$0	$0	$0
APRIL RHODES	CHIEF EXECUTIVE OFFICER	40.00	Officer	$375,543	$58,952	$434,495
FRED SCHAFFNER	CHIEF FINANCIAL OFFICER	40.00	Officer	$167,390	$48,058	$215,448
CHRISTHINE N NUEZ	PSYCHIATRIST	40.00	Highest	$247,689	$58,591	$306,280
FAWAD RAST	PRIMARY CARE PHYSICIAN	40.00	Highest	$240,272	$54,409	$294,681
SHAWN K HATCH	MEDICAL SERVICES DIRECTOR	40.00	Highest	$179,965	$26,614	$206,579
CAROL DEXTER HAYES	PRIMARY CARE PHYSICIAN	40.00	Highest	$205,932	$18,519	$224,451
SERENA BRAWLEY	PSYCHIATRIC NURSE PRACTITIONER	40.00	Highest	$163,200	$3,010	$166,210

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	$32,784,564	$34,086,830	$15,101,274	$-1,302,266
2023	$30,927,167	$34,342,933	$16,931,134	$-3,415,766
2022	$31,552,466	$33,624,500	$15,385,807	$-2,072,034
2021	$29,292,227	$27,744,622	$17,862,058	$1,547,605
2020	$24,449,698	$22,908,688	$16,383,015	$1,541,010
2019	$23,308,433	$21,303,031	$15,322,122	$2,005,402
2019	$23,308,433	$21,303,031	$15,322,122	$2,005,402
2018	$21,170,523	$22,557,203	$13,466,732	$-1,386,680

SPECTRUM HEALTHCARE GROUP INC