MOUNT CARMEL HEALTH PLAN OF CONNECTICUT INC (EIN 873948434) - 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

JACK RANDOLPH

Phone

6145464000

Tax Period

2023-01-01 to 2023-12-31

MOUNT CARMEL HEALTH PLAN OF CONNECTICUT INC, founded in 2021, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Expenses of $973K left a modest 8% surplus.

Mission

TO OPERATE A MEDICARE HMO FOR SENIORS

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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 $0

Program Service Revenue $972,139

Investment Income $83,526

Other Revenue $0

TOTAL REVENUE $1,055,665

Expense Breakdown

Grants Paid $0

Salaries & Benefits $264,046

Fundraising Expenses $0

Program Expenses $570,402

Other Expenses $709,443

TOTAL EXPENSES $973,489

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,055,665	N/A	N/A
Expenses	$973,489	N/A	N/A
Net Income	$82,176	N/A	N/A

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

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

$2,395,179

Total Directors

$1,722,895

Key Employees

$795,471

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK RANDOLPH	DIRECTOR; CHAIR; PRESIDENT & CEO	2.00	Officer Director	$0	$190,083	$957,338
ANDY PRIDAY	MOUNT CARMEL CFO	2.00	Officer	$0	$73,151	$580,062
GREG WISE MD	MEDICAL DIRECTOR MCHP	2.00	Key Emp	$0	$32,654	$447,867
DAVID VIS	DIRECTOR; SECRETARY; TREASURER	2.00	Officer Director	$0	$18,414	$388,049
CLAUDIO CAPONE	DIR;REG VP STRAT & BUS PLAN TH OF NE	2.00	Director	$0	$52,492	$377,508
CARLOS ALVARADO	CHIEF ADMINISTRATIVE OFFICER MCHP	2.00	Key Emp	$0	$44,568	$347,604
TRISHA WHETSTONE	ASST SECRETARY; MCHS ASSOC COUNSEL	2.00	Officer	$0	$43,944	$242,559
FATOU NDOYE	ASST TREASURER; MCHP CONTROLLER	2.00	Officer	$0	$44,449	$227,171
KEVIN ARIAS	SALES MANAGER	40.00	Highest	$0	$15,329	$122,355

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	$1,055,665	$973,489	$4,136,000	$82,176

MOUNT CARMEL HEALTH PLAN OF CONNECTICUT INC