PARAGON HEALTH INSTITUTE (EIN 872508858) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

BRIAN BLASE

Phone

7035272734

Tax Period

2023-01-01 to 2023-12-31

PARAGON HEALTH INSTITUTE, founded in 2021, is a community nonprofit in the Health Care sector that reported $2.0M in total revenue in fiscal year 2021. The organization ran a surplus of $1.7M, a strong 90% operating margin.

Mission

THE ORGANIZATION IS A HEALTH POLICY RESEARCH INSTITUTE THAT AIMS TO IMPROVE HEALTH CARE AND LOWER PRICES BY EMPOWERING PATIENTS, EXPANDING COMPETITION IN THE MARKET, AND INCREASING INNOVATION.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,966,147

Program Service Revenue $0

Investment Income $115,668

Other Revenue $2,387

TOTAL REVENUE $2,084,202

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $1,463,729

Fundraising Expenses $91,148

Program Expenses $1,945,053

Other Expenses $894,077

TOTAL EXPENSES $2,387,806

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,084,202	$4,045,870	-0.5%
Expenses	$2,387,806	$1,624,067	+0.5%
Net Income	$-303,604	$2,421,803	-1.1%

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

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

$555,048

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID STEFFY	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSEPH GROGAN	BOARD CHAIR	2.00	Director	$0	$0	$0
DANIEL ROTHSCHILD	BOARD MEMBER	2.00	Director	$0	$0	$0
LESTER SHANNON	BOARD SECRETARY	2.00	Director	$0	$0	$0
CHRISTINA SANDEFUR	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN BLASE	PRESIDENT	40.00	Officer	$392,125	$27,305	$419,430
JENNY DEBERRY	VICE PRESIDENT	40.00	Officer	$131,367	$4,251	$135,618
DREW GONSHOROWSKI	SENIOR RESEARCH FELLOW	40.00	Highest	$163,300	$3,530	$166,830
JOSEPH ALBANESE	SENIOR POLICY ANALYST	40.00	Highest	$155,100	$8,386	$163,486
ANDREW KEYES	SENIOR POLICY ANALYST	40.00	Highest	$149,032	$4,166	$153,198
ANTHONY WOJTKOWIAK	DIRECTOR COMMUNICATIONS & OPERATIONS	40.00	Highest	$135,683	$10,659	$146,342

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	$2,084,202	$2,387,806	$3,918,641	$-303,604
2023	$2,084,202	$2,387,806	$3,918,641	$-303,604
2022	$4,045,870	$1,624,067	$4,205,924	$2,421,803
2021	$1,950,135	$204,687	$1,792,191	$1,745,448

PARAGON HEALTH INSTITUTE