MULTICARE HEALTH SYSTEM (EIN 911352172) - 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

1987

Legal Domicile

Principal Officer

WILLIAM ROBERTSON

Phone

2534598141

Tax Period

2023-01-01 to 2023-12-31

MULTICARE HEALTH SYSTEM, founded in 1987, is a large national nonprofit in the Health Care sector that reported $4.5B in total revenue in fiscal year 2023.

Mission

MULTICARE HEALTH SYSTEM'S MISSION IS PARTNERING FOR HEALING AND A HEALTHY FUTURE.

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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 $137,406,579

Program Service Revenue $4,144,026,401

Investment Income $218,686,564

Other Revenue $0

TOTAL REVENUE $4,500,119,544

Expense Breakdown

Grants Paid $7,211,897

Salaries & Benefits $2,428,690,105

Fundraising Expenses $0

Program Expenses $3,631,744,595

Other Expenses $2,061,726,500

TOTAL EXPENSES $4,497,628,502

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,500,119,544	$4,302,865,545	+0.0%
Expenses	$4,497,628,502	$4,247,451,115	+0.1%
Net Income	$2,491,042	$55,414,430	-1.0%

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

20945

Volunteers

1154

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

$6,601,809

Total Directors

Key Employees

$5,107,003

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SALLY B LEIGHTON	SECRETARY	5.00	Officer Director	$0	$0	$0
TARA PERRY	DIRECTOR	5.00	Director	$0	$0	$0
DALE L SOWELL	DIRECTOR	5.00	Director	$0	$0	$0
JANINE TERRANO	DIRECTOR	5.00	Director	$0	$0	$0
ROBIN THOMASHAUER	DIRECTOR	5.00	Director	$0	$0	$0
FRANK TOMBARI	TREASURER	5.00	Officer Director	$0	$0	$0
DEEDRA WALKEY	VICE CHAIR	5.00	Officer Director	$0	$0	$0
JOHN WIBORG	CHAIR	5.00	Officer Director	$0	$0	$0
ROBERT YOST	DIRECTOR	5.00	Director	$0	$0	$0
JOHN FOLSOM	DIRECTOR,PART YEAR	5.00	Director	$0	$0	$0
WILLIAM ROBERTSON	CEO	56.00	Officer	$2,317,053	$706,000	$3,023,053
FLORENCE CHANG	PRESIDENT	56.00	Officer	$1,989,076	$540,302	$2,529,378
JAMES LEE	CFO	56.00	Officer	$1,006,827	$42,551	$1,049,378
DAVID R O'BRIEN	SRVP,CHIEF PHYS.OFFICER/EX	60.00	Key Emp	$1,263,752	$40,164	$1,303,916
JUNE ALTARAS	SRVP,CHIEF NURSING ENTREPR	60.00	Key Emp	$1,090,492	$35,117	$1,125,609
TIMOTHY W LYNCH	SRVP,CLINICAL SERVICES(LAB	60.00	Key Emp	$575,374	$42,637	$618,011
ALEXANDER M JACKSON	SVP EXEC.INLAND NW	60.00	Key Emp	$797,308	$25,937	$823,245
JEFFREY POLTAWSKY	PRES. MARY BRIDGE&PEDIATRI	60.00	Key Emp	$667,043	$37,251	$704,294
TIM HOLMES	SVP BEHAVIORAL HEALTH	60.00	Key Emp	$482,901	$49,027	$531,928
LEE SANDQUIST MD	PHYSICIAN	50.00	Highest	$1,932,872	$33,772	$1,966,644
NEHAL MASOOD MD	PHYSICIAN	50.00	Highest	$1,801,533	$46,496	$1,848,029
DAVID COONS MD	PHYSICIAN	50.00	Highest	$1,610,025	$49,059	$1,659,084
BENJAMIN Y CHEN MD	PHYSICIAN	50.00	Highest	$1,748,800	$42,703	$1,791,503
UMESH CHITALEY MD	PHYSICIAN	50.00	Highest	$1,642,329	$34,277	$1,676,606
JAMES MCMANUS	FORMER CFO	0.00		$711,838	$0	$711,838
DAVID J CARLSON	SRVP,EXEC SOUTH SOUND,PART	0.00		$905,602	$0	$905,602

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	$4,500,119,544	$4,497,628,502	$6,109,937,704	$2,491,042
2022	$4,302,865,545	$4,247,451,115	$5,895,297,278	$55,414,430
2021	$3,884,628,307	$3,696,619,413	$5,997,507,394	$188,008,894
2020	$3,352,640,659	$3,244,135,092	$5,732,640,112	$108,505,567
2019	$3,239,930,611	$3,114,891,357	$4,914,390,204	$125,039,254
2018	$2,930,199,547	$2,753,453,188	$4,353,484,139	$176,746,359

MULTICARE HEALTH SYSTEM