HEALTH CHOICE NETWORK INC (EIN 900525658) - 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

2010

Legal Domicile

Principal Officer

ALEJANDRO ROMILLO

Phone

3055991015

Tax Period

2023-10-01 to 2024-09-30

HEALTH CHOICE NETWORK INC, founded in 2010, is a mid-sized nonprofit in the Health Care sector that reported $51.0M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum.

Mission

TO IMPROVE THE HEALTH STATUS OF OUR COMMUNITIES THROUGH THE PROVISION OF HIGH-QUALITY, AFFORDABLE CARE TO UNDERSERVED INDIVIDUALS AND FAMILIES THROUGH OUR NETWORK OF PROVIDERS.

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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 $2,260,519

Program Service Revenue $48,757,650

Investment Income $11,320

Other Revenue $3,141

TOTAL REVENUE $51,032,630

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,623,678

Fundraising Expenses $0

Program Expenses $48,820,651

Other Expenses $36,052,173

TOTAL EXPENSES $55,675,851

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,032,630	$35,842,874	+0.4%
Expenses	$55,675,851	$52,889,569	+0.1%
Net Income	$-4,643,221	$-17,046,695	-0.7%

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

174

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

$2,935,717

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEJANDRO M ROMILLO	PRESIDENT & CEO	0.0	Officer	$0	$89,861	$929,239
ERIC FRIEDFELD	CHIEF FINANCIAL OFFICER	0.0	Officer	$0	$55,971	$437,617
OSCAR PEREZ	CHIEF APPLICATION & INNOV OFF.	40.0	Highest	$364,334	$58,620	$422,954
BLANCA MARGARITA OLLET	CHIEF OPERATING OFFICER	0.0	Officer	$0	$73,061	$410,258
TIMOTHY JOSEPH LONG	CHIEF CLINICAL OFFICER	0.0	Officer	$0	$51,976	$364,437
MEREDITH HUGHES MARSH	QUALITY IMPROVEMENT OFFICER	0.0	Officer	$0	$58,774	$297,623
MAYLEE SANCHEZ	CHIEF INFORMATION OFFICER	40.0	Officer	$263,306	$34,026	$297,332
TIMOTHY WELDON	CHIEF ENGAGEMENT & DEV OFFICER	40.0	Highest	$241,825	$51,295	$293,120
ROSENDO COLLAZO	PHYSICIAN CHAMPION	40.0	Highest	$237,446	$53,976	$291,422
SANDY CALLE	PHYSICIAN CHAMPION	40.0	Highest	$216,385	$29,495	$245,880
COREY EDENS	IT DIRECTOR	40.0	Highest	$192,771	$33,894	$226,665
PRISCILLA TORRES	CHIEF HR OFFICER	0.0	Officer	$0	$37,287	$199,211
ROSALYN FRAZIER	CHAIR - DIRECTOR	1.0	Officer Director	$0	$0	$0
MERRILL THOMAS	VICE CHAIR - DIRECTOR	1.0	Officer Director	$0	$0	$0
PAM TRIPP	TREASURER - DIRECTOR	1.0	Officer Director	$0	$0	$0
RICHARD TAAFFE	SECRETARY - DIRECTOR	1.0	Officer Director	$0	$0	$0
ARAMIDE AYORINDE PHD	DIRECTOR	1.0	Director	$0	$0	$0
BAKARI BURNS	DIRECTOR	1.0	Director	$0	$0	$0
ELODIE DORSO	DIRECTOR	1.0	Director	$0	$0	$0
SHERRY HOBACK RN	DIRECTOR	1.0	Director	$0	$0	$0
CHRISTOPHER IRIZARRY	DIRECTOR	1.0	Director	$0	$0	$0
ANTHONY BLAKE HALL	DIRECTOR	1.0	Director	$0	$0	$0
ROSA CASTRO AVILA MD	DIRECTOR	1.0	Director	$0	$0	$0
RYAN HAWKINS	DIRECTOR	1.0	Director	$0	$0	$0
DR JOHAN TORRES	DIRECTOR	1.0	Director	$0	$0	$0

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	$51,032,630	$55,675,851	$19,868,548	$-4,643,221
2023	$35,842,874	$52,889,569	$25,231,074	$-17,046,695
2022	$26,805,901	$41,460,347	$25,389,948	$-14,654,446
2021	$21,697,553	$20,767,995	$25,593,946	$929,558
2020	$17,392,968	$18,295,348	$8,043,567	$-902,380
2019	$17,366,790	$16,979,633	$6,977,955	$387,157
2018	$15,774,341	$16,248,707	$6,446,968	$-474,366

HEALTH CHOICE NETWORK INC