AdventHealth Primary Care Network … - Form 990 Financial Data

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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

2023

Legal Domicile

Principal Officer

Bryan Stiltz

Phone

4073571000

Tax Period

2023-06-30 to 2023-12-31

AdventHealth Primary Care Network Inc, founded in 2023, is a micro nonprofit that reported $138 in total revenue in fiscal year 2023. Expenses of $3.0M exceeded revenue, resulting in a 2171270% operating deficit.

Mission

Adventist Health System Sunbelt Healthcare Corporation and all its subsidiary organizations were established by the Seventh-Day Adventist Church to bring a ministry of healing and health to the communities served. Our mission is to extend the healing ministry of Christ.The hospital and healthcare system whose parent is Adventist Health System Sunbelt Healthcare Corporation is known as AdventHealth. AdventHealth seeks to be widely respected as a consumer-focused organization that engages individuals in their health by delivering wholistic, best practice care across a connected, comprehensive continuum of services. With Christ as our example, AdventHealth cares for and nurtures people: our employees, our communities, our healthcare professionals, and those who trust us for care and healing.

Program Service Accomplishments

Program 1

Expenses: $2,283,456 Revenue: $138

The primary mission of AdventHealth Primary Care Network (AHPCN) is to serve the health care needs of the local community by providing broad access to services through various programs, including...

The primary mission of AdventHealth Primary Care Network (AHPCN) is to serve the health care needs of the local community by providing broad access to services through various programs, including physician participation in Medicare, Medicaid, and by providing indigent care. Operations did not begin until 2024.

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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 $0

Program Service Revenue $138

Investment Income $0

Other Revenue $0

TOTAL REVENUE $138

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,505,339

Fundraising Expenses $0

Program Expenses $2,283,456

Other Expenses $491,151

TOTAL EXPENSES $2,996,490

Year-over-Year Comparison

	2023	2022	Change
Revenue	$138	N/A	N/A
Expenses	$2,996,490	N/A	N/A
Net Income	$-2,996,352	N/A	N/A

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

N/A

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

$2,240,708

Total Directors

$3,892,582

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stiltz Bryan	Director/CEO (began 7/2023)	25.00	Officer Director	$0	$167,645	$1,394,176
Davis Brent	Director (began 7/2023)	0.10	Director	$0	$158,702	$884,687
Ardoin MD Doug	Director (began 7/2023)	0.10	Director	$0	$113,944	$868,117
Pettijohn Kelly	CFO (began 7/2023)	25.00	Officer	$0	$92,403	$846,532
Baird-Wertman Jessica	Director (began 7/2023)	0.10	Director	$0	$92,761	$745,602

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	$138	$2,996,490	$4,320,069	$-2,996,352

AdventHealth Primary Care Network Inc