ASANTE (EIN 930223960) - 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

1938

Legal Domicile

Principal Officer

TOM GESSEL

Phone

5417895590

Tax Period

2023-10-01 to 2024-09-30

ASANTE, founded in 1938, is a large national nonprofit in the Health Care sector that reported $1.4B in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $1.2B left a modest 11% surplus.

Mission

PROVIDE QUALITY HEALTHCARE SERVICES WITH COMPASSION TO THE COMMUNITIES WE SERVE.

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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 $29,505,822

Program Service Revenue $1,309,761,269

Investment Income $38,753,640

Other Revenue $-72,062

TOTAL REVENUE $1,377,948,669

Expense Breakdown

Grants Paid $102,809

Salaries & Benefits $651,858,624

Fundraising Expenses $0

Program Expenses $870,899,338

Other Expenses $577,180,553

TOTAL EXPENSES $1,229,141,986

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,377,948,669	$1,125,050,262	+0.2%
Expenses	$1,229,141,986	$1,097,915,984	+0.1%
Net Income	$148,806,683	$27,134,278	+4.5%

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

6505

Volunteers

265

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

$8,989,242

Total Directors

$818,626

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT KELLY	FORMER CEO	0.00	Officer	$1,066,070	$38,422	$1,104,492
JAMES GREBOSKY	SR. VP AND CMO	40.00	Officer	$857,376	$50,961	$908,337
SOMNATH GHOSH	VP MEDICAL AFFAIRS	40.00	Officer	$744,834	$21,886	$766,720
ROY VINYARD	INTERIM PRESIDENT & CEO	40.00	Officer	$743,318	$19,800	$763,118
KEVIN KELLEHER MD	ES ARM/ED DOCTOR	40.00	Highest	$562,533	$53,852	$616,385
KRISTEN ROY JD SR VP	& CLO, GEN. COUNSEL, LEGAL RELATIONS	40.00	Officer	$575,690	$37,893	$613,583
WIN HOWARD	SR. VP AND CAO	40.00	Officer	$538,103	$49,346	$587,449
ERIC LOELIGER MD	VP MEDICAL AFFAIRS	0.00	Officer	$514,206	$54,579	$568,785
TOM GESSEL	ASANTE PRESIDENT AND CEO	40.00	Officer	$561,236	$5,770	$567,006
HOLLY NICKERSON DNP	VP QUALITY AND PATIENT SAFETY	40.00	Officer	$482,895	$38,163	$521,058
ADAM WURSTLE MD	EMERGENCY MEDICINE	40.00	Highest	$443,635	$53,636	$497,271
DAVID KINYON	SR. VP AND CIO	40.00	Officer	$438,802	$47,859	$486,661
DENNIE CONRAD	SR. VP AND CSO	40.00	Officer	$427,824	$49,274	$477,098
DANIELLE HOLTZ MD	MEDICAL DOCTOR	40.00	Highest	$400,040	$40,328	$440,368
COURTNEY WILSON MD	MEDICAL DOCTOR	40.00	Highest	$377,451	$52,436	$429,887
ERIC JENSEN MD	EMERGENCY MEDICINE	40.00	Highest	$375,041	$53,336	$428,377
HEATHER ROWENHORST	SR. VP AND CFO	40.00	Officer	$367,777	$56,900	$424,677
SUE HAGAR MD	MEDICAL DOCTOR & TRUSTEE	2.00	Director	$0	$54,744	$423,944
AMANDA KOTLER	SR. VP AND CNO	40.00	Officer	$352,758	$54,086	$406,844
NICOLE COWLEY DO	TRUSTEE	40.00	Director	$0	$53,792	$394,682
GREG WOJTAL	FORMER CAFO	0.00		$372,290	$30,169	$402,459
STACI SPARKS RN	VP NURSING ARRMC, ATRMC AND AACH	40.00	Officer	$272,441	$38,799	$311,240
MICK ZDEBLICK	FORMER ARRMC CEO	40.00		$277,012	$3,869	$280,881
ANGIE SIMONSON	SR. VP OPERATIONS	40.00	Officer	$200,000	$0	$200,000
WHITNEY MURPHY	VP OPERATIONS ARRMC AND AACH	40.00	Officer	$135,824	$8,649	$144,473
JENNIFFER LIGONS	EXEC ASST TO CEO, ASST SECRETARY	2.00	Officer	$103,326	$34,375	$137,701
PETER ANGSTADT PHD	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
PATRICIA WINTEMUTE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KATE LASKY	SECRETARY	2.00	Officer Director	$0	$0	$0
STEVE ROE	TREASURER	2.00	Officer Director	$0	$0	$0
SUSAN BINETTE	TRUSTEE	2.00	Director	$0	$0	$0
CAROL CHRISTLIEB	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN GAMBEE	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN GROSS MD	TRUSTEE	2.00	Director	$0	$0	$0
JOAN MCBEE	TRUSTEE (AS OF JANUARY 2024)	2.00	Director	$0	$0	$0
CHRISTINA MEDINA	TRUSTEE	2.00	Director	$0	$0	$0
JOE PASTRANO MD	TRUSTEE	2.00	Director	$0	$0	$0
TOM WALKER	TRUSTEE	2.00	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	$1,377,948,669	$1,229,141,986	$2,154,496,624	$148,806,683
2023	$1,125,050,262	$1,097,915,984	$1,887,298,130	$27,134,278
2022	$1,116,094,562	$1,101,499,765	$1,797,201,731	$14,594,797
2021	$1,067,000,527	$951,261,577	$2,030,793,202	$115,738,950
2020	$928,596,728	$857,390,909	$1,867,375,413	$71,205,819
2019	$915,839,381	$811,659,704	$1,358,654,000	$104,179,677
2018	$816,045,270	$723,739,424	$1,265,166,110	$92,305,846

ASANTE