ADELANTE HEALTHCAREINC (EIN 860377821) - 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

1980

Legal Domicile

Principal Officer

PEDRO CONS

Phone

6235833001

Tax Period

2024-01-01 to 2024-12-31

ADELANTE HEALTHCAREINC, founded in 1980, is a major nonprofit in the Health Care sector that reported $120.3M in total revenue in fiscal year 2024.

Mission

MISSION: CULTIVATE HEALTH BY SUPPORTING INDIVIDUALS AND THE COMMUNITY AT EVERY STEP OF THEIR JOURNEY. VISION: LEAD A FUTURE IN WHICH ACCESSIBLE, HIGH-QUALITY CARE SETS THE STANDARD FOR ALL. ADELANTE HEALTHCARE, A FEDERALLY QUALIFIED HEALTH CENTER AND ARIZONA NONPROFIT CORPORATION, PROVIDES ACCESSIBLE, AFFORDABLE, AND COMPREHENSIVE CARE. ADELANTE WELCOMES EACH PERSON WHERE THEY ARE AND SERVES PEOPLE OF ALL AGES WITH COMPASSION AND RESPECT, REGARDLESS OF BACKGROUND, INCOME, ABILITY TO PAY, OR HEALTH STATUS. THE ORGANIZATION USES INTEGRATED CARE TEAMS OF PROVIDERS, NURSES, PHARMACISTS, NUTRITIONISTS, AND SUPPORT STAFF TO GIVE PATIENTS COORDINATED SERVICES THAT HELP THEM RECEIVE THE MOST COMPREHENSIVE AND HIGHEST QUALITY CARE POSSIBLE. ADELANTE OPERATES NINE HEALTH CENTER LOCATIONS IN ARIZONA, OFFERING ADULT AND FAMILY MEDICINE, PEDIATRICS, WOMEN'S HEALTH, DENTAL CARE, NUTRITION, BEHAVIORAL HEALTH, AND PHARMACY SERVICES. IN ADDITION TO DIRECT MEDICAL TREATMENT, ADELANTE HELPS PEOPLE PREVEN

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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 $16,648,241

Program Service Revenue $100,141,124

Investment Income $270,451

Other Revenue $3,283,919

TOTAL REVENUE $120,343,735

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,470,272

Fundraising Expenses $144,406

Program Expenses $89,277,273

Other Expenses $53,297,765

TOTAL EXPENSES $123,768,037

Year-over-Year Comparison

	2024	2023	Change
Revenue	$120,343,735	$118,909,059	+0.0%
Expenses	$123,768,037	$119,325,723	+0.0%
Net Income	$-3,424,302	$-416,664	+7.2%

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

1076

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

$1,673,112

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON REED	CHAIR	2.00	Officer Director	$0	$0	$0
HEATHER BOYSEL	MEMBER AT LA	2.00	Officer Director	$0	$0	$0
MICHAEL ELLENBY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
GUADALUPE CAMPOS	SECRETARY	2.00	Officer Director	$0	$0	$0
JILL RHODES	TREASURER	2.00	Officer Director	$0	$0	$0
BRIAN ELLISON	MEMBER	2.00	Director	$0	$0	$0
TIMOTHY DAUGHERTY	MEMBER	2.00	Director	$0	$0	$0
ANGELA VALDEZ-HUIZAR	MEMBER	2.00	Director	$0	$0	$0
ANA ROSCETTI	MEMBER	2.00	Director	$0	$0	$0
NELIDA ACOSTA	MEMBER	2.00	Director	$0	$0	$0
JAN HERTZFELD	MEMBER	2.00	Director	$0	$0	$0
RAY ARVIZU	MEMBER	2.00	Director	$0	$0	$0
JONAH ANSELL	MEMBER	2.00	Director	$0	$0	$0
AMY BAIN	MEMBER	2.00	Director	$0	$0	$0
NICK MEZA	MEMBER	2.00	Director	$0	$0	$0
VERONICA OJEDA	MEMBER	2.00	Director	$0	$0	$0
PEDRO CONS	CEO	40.00	Officer	$411,306	$12,569	$423,875
ROBERT DONALD BABYAR	CCO	40.00	Officer	$399,627	$14,456	$414,083
JONAE HARRISON	COO	40.00	Officer	$238,041	$5,556	$243,597
BILL ROSENFELD	CCOO	40.00	Officer	$221,232	$12,569	$233,801
GREG WILSON	CFO	40.00	Officer	$213,698	$6,631	$220,329
AUDREY BOHANAN	CPO	40.00	Officer	$132,036	$5,391	$137,427
GRABOWSKI LESZEK	PROVIDER	40.00	Highest	$371,308	$12,569	$383,877
MILLET RAINEY BELLMONT	PROVIDER	40.00	Highest	$369,021	$13,469	$382,490
AGAMASU ENYONAM	PROVIDER	40.00	Highest	$356,560	$12,569	$369,129
MENDEZ CARLOS	PROVIDER	40.00	Highest	$370,486	$12,569	$383,055
ANGELA JOHANSSON-POWELL	PROVIDER	40.00	Highest	$377,615	$12,686	$390,301

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	$120,343,735	$123,768,037	$87,129,586	$-3,424,302
2023	$118,909,059	$119,325,723	$94,847,470	$-416,664
2022	$110,095,809	$106,928,875	$97,005,133	$3,166,934
2021	$94,163,630	$85,902,269	$30,570,108	$8,261,361
2020	$75,005,699	$72,238,229	$22,541,806	$2,767,470
2019	$69,472,230	$68,885,803	$17,900,012	$586,427
2018	$55,885,515	$55,338,060	$18,302,858	$547,455

ADELANTE HEALTHCAREINC