GOOD SHEPHERD HEALTH CARE SYSTEM

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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

1953

Legal Domicile

Principal Officer

ART MATHISEN

Phone

5416673400

Tax Period

2023-07-01 to 2024-06-30

GOOD SHEPHERD HEALTH CARE SYSTEM, founded in 1953, is a major nonprofit in the Health Care sector that reported $202.8M in total revenue in fiscal year 2023. Expenses of $191.8M left a modest 5% surplus.

Mission

TO PROVIDE COMPASSIONATE, HIGH QUALITY, AND ACCESSIBLE HEALTH CARE AND TO PROMOTE A HEALTHY COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $169,728,081 Revenue: $192,217,616

GOOD SHEPHERD HEALTH CARE SYSTEM (GSHCS) SERVED 1,855 INPATIENTS OVER 6,330 PATIENT DAYS, 83,221 OUTPATIENTS, AND 25,000 PATIENTS IN OUR EMERGENCY DEPARTMENT DURING FISCAL YEAR 2023-2024. ALTHOUGH...

GOOD SHEPHERD HEALTH CARE SYSTEM (GSHCS) SERVED 1,855 INPATIENTS OVER 6,330 PATIENT DAYS, 83,221 OUTPATIENTS, AND 25,000 PATIENTS IN OUR EMERGENCY DEPARTMENT DURING FISCAL YEAR 2023-2024. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATIONS AND STABILITY OF GSHCS, NOT ALL INDIVIDUALS HAVE THE ABILITY TO PURCHASE ESSENTIAL MEDICAL SERVICES. GSHCS PROVIDES CARE TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS AT DEEPLY DISCOUNTED RATES AND TO INDIVIDUALS WHO ARE UNABLE TO PAY. THE UNREIMBURSED VALUE OF PROVIDING CARE TO THESE PATIENTS WAS $5,328,248 WRITTEN OFF AS BAD DEBT, AND AN ADDITIONAL $7,828,630 OF CHARITY CARE TO OUR COMMUNITY. RECOGNIZING OUR MISSION TO THE COMMUNITY, SERVICES WERE ALSO PROVIDED TO BOTH MEDICARE AND MEDICAID PATIENTS. THE UNREIMBURSED VALUE OF PROVIDING CARE TO THESE PATIENTS DURING THE YEAR WAS $111,670,382. THE UNREIMBURSED AMOUNTS ARE VALUED AT CHARGES FOREGONE. OUR EMERGENCY CENTER IS OPEN AROUND-THE-CLOCK TO ALL COMMUNITY MEMBERS, VISITORS, AND TRAVELERS, WITHOUT REGARD TO ONE'S ABILITY TO PAY.

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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 $78,502

Program Service Revenue $192,217,616

Investment Income $7,616,796

Other Revenue $2,873,935

TOTAL REVENUE $202,786,849

Expense Breakdown

Grants Paid $315,000

Salaries & Benefits $102,419,573

Fundraising Expenses $252,828

Program Expenses $169,728,081

Other Expenses $89,034,763

TOTAL EXPENSES $191,769,336

Year-over-Year Comparison

	2023	2022	Change
Revenue	$202,786,849	$188,178,607	+0.1%
Expenses	$191,769,336	$168,697,863	+0.1%
Net Income	$11,017,513	$19,480,744	-0.4%

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

1063

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

$943,208

Total Directors

Key Employees

$299,484

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUE DAGGETT	BOARD CHAIR(THRU OCT 2023)	2.00	Officer Director	$0	$0	$0
JON LORENCE	BOARD CHAIR (FROM NOV 2023)	2.00	Officer Director	$0	$0	$0
STEVE ELDRIGE	VICE CHAIR (FROM NOV 2023)	2.00	Officer Director	$0	$0	$0
NANCY MABRY	TREASURER (FROM NOV 2023)	2.00	Officer Director	$0	$0	$0
BILL ELFERING	TREASURER (THRU OCT 2023)	2.00	Officer Director	$0	$0	$0
TOM WAMSLEY	SECRETARY (THRU OCT 2023)	2.00	Officer Director	$0	$0	$0
ARNELL EYNON	SECRETARY	2.00	Officer Director	$0	$0	$0
RACHEL ARCHER	DIRECTOR (THRU OCT 2023)	2.00	Director	$0	$0	$0
BOB CARLSON	DIRECTOR	2.00	Director	$0	$0	$0
KRISTEN COLLER	DIRECTOR	2.00	Director	$0	$0	$0
DR DEREK EARL	DIRECTOR	2.00	Director	$0	$0	$0
JACLYN JENKINS	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT LONGORIA	DIRECTOR	2.00	Director	$0	$0	$0
LISA MITTELSDORF	DIRECTOR	2.00	Director	$0	$0	$0
JEFF WENHOLZ	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN EDWARDS	COO/CFO	40.00	Officer	$266,266	$51,217	$317,483
JAN PETER	CFO (THRU FEB 2024)	40.00	Officer	$287,614	$43,092	$330,706
ART MATHISEN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$287,717	$7,302	$295,019
EMMETT SCHUSTER	INTERIM CEO (THRU JULY 2023)	40.00	Officer	$0	$0	$0
JIM SCHLENKER	COO (THRU SEP 2023)	40.00	Key Emp	$262,863	$36,621	$299,484
ANN RUST	SURGEON	40.00	Highest	$1,150,065	$87,511	$1,237,576
DAVID MACCABEE	SURGEON	40.00	Highest	$955,912	$64,879	$1,020,791
JAMES WHITTUM	ORTHOPEDIC SURGEON	40.00	Highest	$866,691	$49,796	$916,487
JEREMY ANDERSON	ORTHOPEDIC SURGEON	40.00	Highest	$758,680	$52,517	$811,197
MARQUES JOHNSON	SURGEON	40.00	Highest	$720,877	$79,381	$800,258

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	No data	No data	No data	No data
2024	$202,786,849	$191,769,336	$342,727,444	$11,017,513
2023	$188,178,607	$168,697,863	$301,564,716	$19,480,744
2022	$164,266,907	$146,171,090	$258,405,641	$18,095,817
2021	$132,712,463	$119,528,292	$266,771,464	$13,184,171
2020	$119,458,218	$111,188,647	$232,869,052	$8,269,571
2019	$116,869,282	$109,525,466	$214,913,164	$7,343,816
2018	$107,846,516	$97,396,579	$204,208,452	$10,449,937