ADVOCATE HEALTH SERVICES INC (EIN 873578396) - 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

2022

Legal Domicile

Principal Officer

JENNIFER BROCKHOFF

Phone

9133605584

Tax Period

2024-01-01 to 2024-12-31

ADVOCATE HEALTH SERVICES INC, founded in 2022, is a community nonprofit in the Health Care sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $3.9M exceeded revenue, resulting in a 13% operating deficit.

Mission

ADVOCATE HEALTH SERVICES (AHS) IS A 501(C)(3) NON-PROFIT CORPORATION WITH THE MISSION OF SUSTAINING HEALTHCARE FOR COMMUNITIES, INCLUDING BY PARTNERING WITH RURAL HOSPITALS AND CLINICS, AS WELL AS LARGER COMMUNITY BASED CARE MODELS THAT PROVIDE CARE TO UNDERSERVED. AHS PROVIDES MANY SERVICES SUCH AS RETAIL PHARMACIES, OUTPATIENT PHYSICAL AND OCCUPATIONAL REHAB CENTERS, DURABLE MEDICAL EQUIPMENT, STAFFING AGENCY, AND OTHER SERVICES. AHS ALSO HAS A MISSION TO DONATE BACK TO HEALTHCARE MODELS TO ENSURE SUSTAINABLE CARE TO UNDERSERVED POPULATIONS.

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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 $0

Program Service Revenue $3,469,001

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,469,001

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,304,531

Fundraising Expenses $0

Program Expenses $3,929,083

Other Expenses $2,632,741

TOTAL EXPENSES $3,937,272

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,469,001	$2,326,291	+0.5%
Expenses	$3,937,272	$2,613,568	+0.5%
Net Income	$-468,271	$-287,277	+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

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

$29,500

Total Directors

$29,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK BERGER	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM THORNTON	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER BROCKHOFF	PRESIDENT	5.00	Officer Director	$29,500	$0	$29,500
WILLIAM GLENSKI	HIGHEST COMPENSATED EMPLOYEE	40.00	Highest	$177,692	$0	$177,692
ALYSSA SLAPPER	HIGHEST COMPENSATED EMPLOYEE	40.00	Highest	$100,243	$0	$100,243

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	$3,469,001	$3,937,272	$1,204,934	$-468,271
2023	$2,326,291	$2,613,568	$907,306	$-287,277

ADVOCATE HEALTH SERVICES INC