GRAPHITE HEALTH INC

EIN: 870933859 Health Care

FARMINGTON, UT

Total Revenue
$17,004
Total Expenses
$13,159,429
Total Assets
$4,147,137
Net Assets
$-40,540,025
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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
2021
Legal Domicile
DE
Principal Officer
LYNNE HUNT
Phone
5053622639
Tax Period
2024-01-01 to 2024-12-31

GRAPHITE HEALTH INC, founded in 2021, is a micro nonprofit in the Health Care sector that reported $17K in total revenue in fiscal year 2024. Expenses of $13.2M exceeded revenue, resulting in a 77290% operating deficit.

Mission

SEE PART III.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $17,004
Other Revenue $0
TOTAL REVENUE $17,004

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,185,230
Fundraising Expenses $0
Program Expenses $9,548,223
Other Expenses $6,974,199
TOTAL EXPENSES $13,159,429

Year-over-Year Comparison

2024 2023 Change
Revenue $17,004 $16,786 +0.0%
Expenses $13,159,429 $15,000,077 -0.1%
Net Income $-13,142,425 $-14,983,291 -0.1%
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

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Governance

Voting Members
6
Independent Members
5
Employees
34
Volunteers
N/A

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
4
$2,224,655
Total Directors
8
$895,463
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RYAN SMITH INTERIM CEO 60.00
Officer Director
$851,876 $43,587 $895,463
DAN LILJENQUIST CHAIRMAN OF THE BOARD 5.00
Director
$0 $0 $0
DALE MAXWELL DIRECTOR 5.00
Director
$0 $0 $0
CARTER DREDGE DIRECTOR 5.00
Director
$0 $0 $0
BRIDGET KARLIN DIRECTOR 5.00
Director
$0 $0 $0
SAAD CHAUDRHY DIRECTOR 5.00
Director
$0 $0 $0
NEIL COWLES DIRECTOR 5.00
Director
$0 $0 $0
MATTHEW DAVIE DIRECTOR 5.00
Director
$0 $0 $0
SWAMINATHAN SUNDARAMURTHY SVP OF TECHNOLOGY 60.00
Officer
$512,076 $14,695 $526,771
JENNIFER COREY SCHMID CHIEF COMMERCIAL OFFICER 60.00
Officer
$443,054 $39,029 $482,083
LYNNE HUNT VP OF FINANCE 60.00
Officer
$299,605 $20,733 $320,338
THOMAS BEALE VP OF INFORMATICS 60.00
Highest
$416,342 $43,503 $459,845
JOSEPH COYLE SENIOR MEDICAL INFORMATICIST 40.00
Highest
$327,076 $11,058 $338,134
ADAM HUTSON PRINCIPAL SOFTWARE ENGINEER 40.00
Highest
$307,518 $26,571 $334,089
MAO GENG PRINCIPAL SOFTWARE ENGINEER 40.00
Highest
$286,946 $25,042 $311,988
ADAM CARROLL VP OF OPERATIONS 60.00
Highest
$276,326 $37,235 $313,561
HAROLD GAUBERT FORMER CHIEF TECHNOLOGY OFFICER 40.00
$188,726 $4,244 $192,970
JENNIFER BROWN FORMER CHIEF ADMINISTRATIVE OFFICER & GC 40.00
$158,561 $13,447 $172,008
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
2025 No data No data No data No data
2024 $17,004 $13,159,429 $4,147,137 $-13,142,425
2023 $16,786 $15,000,077 $4,489,201 $-14,983,291
2022 $218 $13,386,798 $4,079,702 $-13,386,580
2021 $4,000,139 $3,027,867 $4,479,148 $972,272
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