MONTAGE HEALTH (EIN 942789696) - 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

1981

Legal Domicile

Principal Officer

STEVEN PACKER

Phone

8316245311

Tax Period

2023-01-01 to 2023-12-31

MONTAGE HEALTH, founded in 1981, is a major nonprofit in the Health Care sector that reported $159.1M in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $98.7M, a strong 62% operating margin.

Mission

TO PROVIDE SUPPORT SERVICES TO THE COMMUNITY HOSPITAL OF THE MONTEREY PENINSULA AND ITS AFFILIATES.

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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 $122,483,866

Program Service Revenue $9,484,892

Investment Income $24,345,378

Other Revenue $2,797,918

TOTAL REVENUE $159,112,054

Expense Breakdown

Grants Paid $5,355,269

Salaries & Benefits $9,112,876

Fundraising Expenses $0

Program Expenses $27,832,569

Other Expenses $45,939,272

TOTAL EXPENSES $60,407,417

Year-over-Year Comparison

	2023	2022	Change
Revenue	$159,112,054	$340,757,665	-0.5%
Expenses	$60,407,417	$34,309,667	+0.8%
Net Income	$98,704,637	$306,447,998	-0.7%

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

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

$9,449,566

Total Directors

$3,158,631

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN PACKER MD	PRESIDENT/CHIEF EXECUTIVE OFFICER	10.00	Officer Director	$0	$549,960	$2,738,478
MARK CARVALHO MD	VP, CEO OF MMG AND MOGO	10.00	Officer	$0	$130,716	$919,584
MATTHEW MORGAN	VP, CHIEF FINANCIAL OFFICER	10.00	Officer	$0	$151,303	$909,911
SUSAN SWICK	VP, CHIEF MENTAL HEALTH OFFICER	5.00	Officer	$0	$135,047	$900,830
STEVEN CABRALES MD	VP, CHIEF MEDICAL OFFICER	5.00	Officer	$0	$116,528	$847,624
PAUL CONOCENTI	VP, CHIEF INFORMATION OFFICER	10.00	Officer	$0	$86,710	$694,967
DEBORAH SOBER	VP, CHIEF NURSING OFFICER	5.00	Officer	$0	$101,333	$687,593
LAURA ZEHM	FORMER SR VP, CAO	0.00		$0	$0	$614,317
KEVIN CAUSEY	VP, CHIEF DEVELOPMENT OFFICER	10.00	Officer	$0	$85,607	$602,175
DANIEL CHIBAYA	VP, CHIEF OPERATING OFFICER	5.00	Officer	$0	$93,261	$575,587
GREGORY SMORZEWSKI	VP, CHIEF HUMAN RESOURCES OFFICER	10.00	Officer	$0	$102,574	$572,817
MARTHA BLUM MD	TRUSTEE	1.00	Director	$0	$13,200	$408,284
CASEY GROVER MD	TRUSTEE	1.00	Director	$0	$0	$11,869
BILL WARNER	CHAIR	2.00	Officer Director	$0	$0	$0
PATRICK BURKE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RANDY CHARLES	SECRETARY	3.00	Officer Director	$0	$0	$0
LUIS ALVAREZ	TRUSTEE	1.00	Director	$0	$0	$0
RYAN EDWARDS	TRUSTEE	1.00	Director	$0	$0	$0
MIMI HAHN	TRUSTEE	1.00	Director	$0	$0	$0
GENE HILL	TRUSTEE (THRU 12/23)	1.00	Director	$0	$0	$0
KIRAN KAMATH	TRUSTEE	1.00	Director	$0	$0	$0
STAN MCKEE	TRUSTEE	1.00	Director	$0	$0	$0
JOHN O'BRIEN	TRUSTEE	1.00	Director	$0	$0	$0
CARRIE PENTTA	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM YOUNG	TRUSTEE (THRU 12/23)	1.00	Director	$0	$0	$0
MARGI WIEST	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	No data	No data	No data	No data
2023	$159,112,054	$60,407,417	$1,584,360,612	$98,704,637
2022	$340,757,665	$34,309,667	$1,374,704,648	$306,447,998
2021	$42,567,907	$47,480,157	$1,477,744,966	$-4,912,250
2020	$24,934,735	$50,715,538	$1,194,971,781	$-25,780,803
2019	$36,669,842	$28,298,712	$1,056,160,005	$8,371,130
2018	$71,216,800	$27,407,736	$869,117,442	$43,809,064

MONTAGE HEALTH