EXCELA HEALTH GROUP (EIN 900759236) - 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

Legal Domicile

Principal Officer

KENNETH P DEFURIO

Phone

7246891646

Tax Period

2024-07-01 to 2025-06-30

EXCELA HEALTH GROUP is a major nonprofit that reported $628.1M in total revenue in fiscal year 2024. The organization ran a surplus of $98.1M, a strong 16% operating margin.

Mission

EXCELA HEALTH, AN AFFILIATE OF INDEPENDENCE HEALTH SYSTEM, WILL BE RECOGNIZED AS THE PREMIER PROVIDER OF HIGH QUALITY, VALUE-DRIVEN AFFORDABLE INTEGRATED CARE IN THE REGION. WE WILL ACHIEVE THIS THROUGH UNWAVERING COMMITMENT TO INDIVIDUAL AND ORGANIZATIONAL EXCELLENCE AND TECHNOLOGICAL INNOVATION.

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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 $4,760,042

Program Service Revenue $599,757,200

Investment Income $9,951,537

Other Revenue $13,637,676

TOTAL REVENUE $628,106,455

Expense Breakdown

Grants Paid $0

Salaries & Benefits $222,776,699

Fundraising Expenses $0

Program Expenses $497,655,028

Other Expenses $307,230,713

TOTAL EXPENSES $530,007,412

Year-over-Year Comparison

	2024	2023	Change
Revenue	$628,106,455	$598,374,198	+0.0%
Expenses	$530,007,412	$517,023,286	+0.0%
Net Income	$98,099,043	$81,350,912	+0.2%

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

3625

Volunteers

171

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

$8,584,864

Total Directors

$4,792,285

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH P DEFURIO	PRESIDENT & CEO	20.00	Officer Director	$0	$23,311	$3,637,924
PAUL BACHARACH	CHAIR	4.00	Officer Director	$0	$0	$0
TIMOTHY MORGUS	VICE CHAIR	3.00	Officer Director	$0	$0	$0
PATRICK HAMPSON	SECRETARY (UNTIL 12/17/24)	3.00	Officer Director	$0	$0	$0
LARRY RICHERT	SECRETARY	3.00	Officer Director	$0	$0	$0
JEFFREY CURRY	TREASURER	3.00	Officer Director	$0	$0	$0
ANIE PERARD MD	TRUSTEE (UNTIL 12/31/24)/PHYSICIAN	3.00	Director	$0	$15,460	$356,709
JOHN REEFER MD	TRUSTEE	3.00	Director	$0	$0	$0
JAMES ADISEY MD	TRUSTEE/PHYSICIAN	3.00	Director	$0	$32,146	$797,652
TERESA PETRICK	TRUSTEE	3.00	Director	$0	$0	$0
JOHN M SPHON	TRUSTEE	3.00	Director	$0	$0	$0
DEBRA THOMPSON PHD	TRUSTEE	3.00	Director	$0	$0	$0
THOMAS S ALBANESI JR CPA	CFO/ASSISTANT TREASURER	50.00	Officer	$663,850	$37,722	$701,572
CAROL J FOX MD	CHIEF MEDICAL OFFICER	40.00	Officer	$675,147	$23,135	$698,282
BRIAN FRITZ	PRESIDENT WH, LH & FH	60.00	Officer	$417,861	$33,074	$450,935
DAVID ROTTINGHAUS	PHYSICIAN & PROVIDER NETWORK PRESIDENT	20.00	Officer	$0	$25,189	$738,371
MICHAEL FIORINA DO	CHIEF MEDICAL OFFICER	20.00	Officer	$0	$25,326	$454,951
THOMAS GENEVRO	CHIEF HUMAN RESOURCES OFFICER	20.00	Officer	$0	$15,295	$486,115
ROGER LUTZ	CHIEF INFORMATION OFFICER	20.00	Officer	$0	$25,503	$438,353
WILLIAM MADDEN	CHIEF OPERATING OFFICER	20.00	Officer	$0	$7,388	$436,949
PAMELA HEPP ESQ	CHIEF LEGAL OFFICER	20.00	Officer	$0	$7,053	$541,412
THOMAS CHAKURDA	CHIEF MARKET & COMM OFFICER	50.00	Highest	$413,597	$36,672	$450,269
LAURIE ENGLISH	SR. VP, HUMAN RESOURCES	50.00	Highest	$362,988	$41,779	$404,767
MICHAEL DEBROECK	DIR. ANESTHESIA SCHOOL	50.00	Highest	$268,494	$12,936	$281,430
ERICA SHAFFER	VPL, POST ACUTE AMB STRAT	50.00	Highest	$258,347	$25,281	$283,628
TRACI FICK	CHIEF NURSING OFFICER	40.00	Highest	$246,981	$24,682	$271,663
JEFFREY TIESI	FORMER CHIEF OPERATING OFFICER	0.00		$115,385	$0	$115,385

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
2025	$628,106,455	$530,007,412	$596,742,406	$98,099,043
2024	$598,374,198	$517,023,286	$717,703,262	$81,350,912
2023	$549,952,621	$512,755,567	$780,191,872	$37,197,054
2022	$588,194,350	$495,325,125	$728,748,728	$92,869,225
2021	$564,836,570	$473,685,609	$756,222,240	$91,150,961
2020	$490,812,823	$450,008,225	$674,401,136	$40,804,598
2019	$516,021,266	$453,037,215	$681,470,415	$62,984,051
2018	$483,237,725	$432,546,338	$686,432,759	$50,691,387

EXCELA HEALTH GROUP