SCAN HEALTH PLAN TEXAS INC (EIN 872944493) - 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

2021

Legal Domicile

Principal Officer

KAREN SCHULTE

Phone

5629895100

Tax Period

2023-01-01 to 2023-12-31

SCAN HEALTH PLAN TEXAS INC, founded in 2021, is a community nonprofit in the Health Care sector that reported $5.6M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $5.1M left a modest 9% surplus.

Mission

KEEPING SENIORS HEALTHY AND INDEPENDENT

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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 $3,900,000

Program Service Revenue $1,719,661

Investment Income $3,081

Other Revenue $0

TOTAL REVENUE $5,622,742

Expense Breakdown

Grants Paid $85,000

Salaries & Benefits $540,605

Fundraising Expenses $0

Program Expenses $4,532,549

Other Expenses $4,508,902

TOTAL EXPENSES $5,134,507

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,622,742	$4,502,172	+0.2%
Expenses	$5,134,507	$3,698,254	+0.4%
Net Income	$488,235	$803,918	-0.4%

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

N/A

Employees

N/A

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

$12,514,360

Total Directors

$10,974,208

Key Employees

$2,807,942

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAIN MD SACHIN H	CHIEF EXECUTIVE OFFICER	1.00	Officer Director	$0	$1,554,958	$4,823,124
PLUMB MICHAEL	CHIEF FINANCIAL OFFICER	1.00	Officer Director	$0	$666,170	$1,767,418
STANISLAW SHERRY	GENERAL MANAGER OFFICER (END 06/2023)	1.00	Officer Director	$0	$32,580	$1,278,881
SCHULTE KAREN H	PRESIDENT, MEDICARE (BEG 12/2022)	1.00	Officer Director	$0	$486,465	$1,227,252
KROEKER KEVIN B	SPECIAL COUNSEL (END 07/2023)	1.00	Officer Director	$0	$51,046	$1,068,232
DELPHIN-RODRIGUEZ RENEE C	CHIEF LEGAL OFFICER & GC (BEG 3/23)	1.00	Officer Director	$0	$374,248	$809,301
HAMMASH MUHANNAD	CVP, CORP MEDICAL DIRECTOR	2.00	Officer	$0	$215,012	$818,427
HAVAI VIRGINIA A	VP CONTROLLER	1.00	Officer	$0	$194,989	$721,725
LEUNG KWAN-MOON	SVP, CHIEF DATA OFFICER	2.00	Key Emp	$0	$290,566	$1,080,944
SELBY JILL V	SVP PRODUCT DEV & MKT EXP	0.50	Key Emp	$0	$57,440	$649,307
BLEA MICHAEL	CVP, CHIEF GROWTH OFFICER (BEG 02/2023)	2.00	Key Emp	$0	$145,644	$562,012
HAWKINS GINETTE	SVP, CHIEF RISK OFFICER	1.00	Key Emp	$0	$95,275	$515,679

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	$5,622,742	$5,134,507	$5,009,427	$488,235
2022	$4,502,172	$3,698,254	$3,686,143	$803,918
2021	$1,600,000	No data	$1,600,000	No data

SCAN HEALTH PLAN TEXAS INC