PROVIDENCE HEALTH PLAN (EIN 930863097) - 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

1984

Legal Domicile

Principal Officer

DONALD ANTONUCCI

Phone

5035747500

Tax Period

2024-01-01 to 2024-12-31

PROVIDENCE HEALTH PLAN, founded in 1984, is a large national nonprofit that reported $2.6B in total revenue in fiscal year 2024.

Mission

AS EXPRESSIONS OF GOD'S HEALING LOVE, WITNESSED THROUGH THE MINISTRY OF JESUS, WE ARE STEADFAST IN SERVING ALL, ESPECIALLY THOSE WHO ARE POOR AND VULNERABLE.

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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 $0

Program Service Revenue $2,573,292,441

Investment Income $44,536,171

Other Revenue $2,617,182

TOTAL REVENUE $2,620,445,794

Expense Breakdown

Grants Paid $517,083

Salaries & Benefits $155,237,990

Fundraising Expenses $0

Program Expenses $2,494,125,710

Other Expenses $2,525,119,087

TOTAL EXPENSES $2,680,874,160

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,620,445,794	$2,454,838,003	+0.1%
Expenses	$2,680,874,160	$2,499,525,966	+0.1%
Net Income	$-60,428,366	$-44,687,963	+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

N/A

Volunteers

N/A

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

$3,752,876

Total Directors

$3,608,004

Key Employees

$4,586,281

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD ANTONUCCI	PRESIDENT	19.00	Officer Director	$0	$251,528	$2,298,922
RHONDA MEDOWS MD	CHAIR	1.00	Director	$0	$0	$1,213,701
ROBERT A GLUCKMAN	CMO HEALTH PLAN - THRU 1/24	19.00	Key Emp	$0	$25,127	$1,169,349
BRADLEY GARRIGUES	CHIEF GROWTH OFF. PHP	19.00	Key Emp	$0	$109,488	$1,055,179
LINA SAADZOI	TREASURER	19.00	Officer	$0	$111,062	$797,280
CHERYL MORRISON	COO PHP	19.00	Key Emp	$0	$21,789	$734,022
MICHAEL MATHIAS	CHIEF INFORMATION OFF. PHP	19.00	Key Emp	$0	$99,969	$680,355
GREG ZAMUDIO	SECRETARY	19.00	Officer	$0	$78,091	$656,674
LAUREL SOOT	CHIEF MEDICAL OFCR HEALTH PLAN	19.00	Key Emp	$0	$65,249	$565,792
SHANNON DROTNING	MARKET PRESIDENT PHP	19.00	Highest	$0	$33,720	$535,258
SCOTT BURTON	MARKET PRESIDENT PHP	19.00	Highest	$0	$32,010	$500,763
CARESSE SAKAGAWA	CHIEF MARKETING AND PRODUCT OFF.	19.00	Highest	$0	$20,171	$440,410
MEGAN HEIAR	CHIEF OF STAFF AYIN HEALTH SOLUTIONS	19.00	Highest	$0	$20,185	$431,681
LARRY BACA	DIR., MEDICARE AND INDIVIDUAL SALES	19.00	Highest	$0	$24,845	$418,896
AARON BALS	CHIEF COMPLIANCE/RISK OFFICER PHP	19.00	Key Emp	$0	$31,468	$381,584
ISIAAH CRAWFORD PHD	DIRECTOR	0.50	Director	$0	$0	$50,000
JOSEPH BLANKENSHIP	DIRECTOR	0.50	Director	$0	$0	$45,381
BYRON SCOTT	DIRECTOR	0.50	Director	$0	$0	$0
CECILIA SUN	DIRECTOR	0.50	Director	$0	$0	$0
GRACIELA GOMEZ COWGER	DIRECTOR	0.50	Director	$0	$0	$0
KIMBERLEY GOODE	DIRECTOR	0.50	Director	$0	$0	$0
MIKE ALEXANDER	DIRECTOR	0.50	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	$2,620,445,794	$2,680,874,160	$1,208,390,060	$-60,428,366
2023	$2,454,838,003	$2,499,525,966	$1,453,128,454	$-44,687,963
2022	$2,188,608,483	$2,217,056,180	$1,353,250,976	$-28,447,697
2021	$2,089,967,036	$2,046,806,633	$1,424,937,219	$43,160,403
2020	$1,281,920,151	$1,141,101,479	$1,106,902,415	$140,818,672
2019	$1,371,503,222	$1,282,928,099	$884,838,589	$88,575,123
2018	$1,462,698,036	$1,424,860,914	$866,877,559	$37,837,122

PROVIDENCE HEALTH PLAN