Renown Health (EIN 942972845) - 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

1985

Legal Domicile

Principal Officer

Brian Erling

Phone

7759826488

Tax Period

2023-01-01 to 2023-12-31

Renown Health, founded in 1985, is a major nonprofit in the Health Care sector that reported $240.7M in total revenue in fiscal year 2023. Revenue surged 101% from the prior year, signaling strong growth momentum. Expenses of $279.6M exceeded revenue, resulting in a 16% operating deficit.

Mission

To establish, equip and maintain one or more general acute care hospitals and medical centers.

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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 $122,656

Program Service Revenue $240,030,207

Investment Income $-187,427

Other Revenue $726,066

TOTAL REVENUE $240,691,502

Expense Breakdown

Grants Paid $42,589,238

Salaries & Benefits $120,917,865

Fundraising Expenses $0

Program Expenses $253,516,153

Other Expenses $116,061,093

TOTAL EXPENSES $279,568,196

Year-over-Year Comparison

	2023	2022	Change
Revenue	$240,691,502	$120,033,191	+1.0%
Expenses	$279,568,196	$119,634,961	+1.3%
Net Income	$-38,876,694	$398,230	-98.6%

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

8856

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

$2,521,394

Total Directors

$1,694,934

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brian Erling	President/CEO	13.00	Officer Director	$1,288,090	$215,714	$1,503,804
Ann Beck	Chief Financial Officer	13.00	Officer	$822,915	$110,675	$933,590
Josiah Johnson	Chief of Staff (Thru 01/23)	60.00	Highest	$768,059	$18,368	$786,427
Paul Harris	Chief Legal Counsel	60.00	Highest	$671,122	$87,508	$758,630
Chuck Podesta	Chief Information Officer	60.00	Highest	$602,877	$20,952	$623,829
Thomas Graf - Chief Clinical	Quality Officer (Thru 01/23)	60.00	Highest	$593,777	$11,028	$604,805
Rahul Mediwala	CEO Medical Group	60.00	Highest	$544,920	$35,936	$580,856
Adam Kramer	Chair	3.00	Officer Director	$36,000	$0	$36,000
Jeff Resnik	Director	3.00	Director	$29,130	$0	$29,130
Tammy Dermody	Secretary & Vice Chair	3.00	Officer Director	$24,000	$0	$24,000
Bijel Doshi	Treasurer	3.00	Officer Director	$24,000	$0	$24,000
Mark Knobel	Director	3.00	Director	$24,000	$0	$24,000
Marc Mora	Director	3.00	Director	$24,000	$0	$24,000
Thomas Deveny	Director	3.00	Director	$15,000	$0	$15,000
Stephanie Lepori	Director	3.00	Director	$15,000	$0	$15,000
Brian Sandoval	Director	3.00	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	$240,691,502	$279,568,196	$434,587,423	$-38,876,694
2022	$222,562,734	$232,577,111	$392,247,887	$-10,014,377
2022	$120,033,191	$119,634,961	$404,661,952	$398,230
2021	$203,266,795	$217,764,254	$1,033,752,208	$-14,497,459
2020	$183,708,499	$208,258,090	$818,842,122	$-24,549,591
2019	$165,079,465	$185,082,089	$658,049,342	$-20,002,624
2018	$158,345,040	$178,099,196	$513,034,081	$-19,754,156

Renown Health