EMANATE HEALTH (EIN 953885523) - 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

1983

Legal Domicile

Principal Officer

RAJESH K SHARMA

Phone

6263317331

Tax Period

2023-01-01 to 2023-12-31

EMANATE HEALTH, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $84.1M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE SUPPORT TO TWO ACUTE-CARE HOSPITALS, A HOSPICE, AND A HOME HEALTH AGENCY WHICH, IN TURN, PROVIDE INPATIENT AND OUTPATIENT CLINICAL SERVICES.

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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 $79,716,540

Investment Income $3,249,915

Other Revenue $1,154,336

TOTAL REVENUE $84,120,791

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,318,890

Fundraising Expenses $0

Program Expenses $75,344,001

Other Expenses $36,445,237

TOTAL EXPENSES $81,764,127

Year-over-Year Comparison

	2023	2022	Change
Revenue	$84,120,791	$75,573,707	+0.1%
Expenses	$81,764,127	$77,840,296	+0.1%
Net Income	$2,356,664	$-2,266,589	-2.0%

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

601

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

$3,086,518

Total Directors

$2,574,873

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAJESH SHARMA	PRESIDENT	18.00	Officer Director	$2,411,826	$163,047	$2,574,873
GURJEET KALKAT	CHIEF MEDICAL OFFICER	16.00	Highest	$1,201,757	$85,264	$1,287,021
ANGELA BERNACKI	CHIEF PEOPLE OFFICER	40.00	Highest	$483,779	$61,735	$545,514
LEON CHOINERE	CHIEF FINANCIAL OFFICER	18.00	Officer	$498,019	$13,626	$511,645
ANGEL HOVANESSIAN	VICE PRESIDENT REVENUE CYC	40.00	Highest	$446,905	$24,852	$471,757
GUADALUPE HERRERA	VICE PRESIDENT STRATEGY &	40.00	Highest	$394,938	$11,187	$406,125
MILAN MEHTA	VICE PRESIDENT MANAGED CARE	40.00	Highest	$328,007	$17,067	$345,074
CLIFFORD CHRIST	CHAIR	3.00	Officer Director	$0	$0	$0
PATSY GORRELL	VICE CHAIR	3.00	Officer Director	$0	$0	$0
BERNARD BOLLINGER JR ESQ	TREASURER	3.00	Officer Director	$0	$0	$0
GARY MATHEWSON	SECRETARY	3.00	Officer Director	$0	$0	$0
WALTER ALLEN III	BOARD OF DIRECTORS	3.00	Director	$0	$0	$0
THOMAS O BRYAN MD	BOARD OF DIRECTORS	3.00	Director	$0	$0	$0
AUGUSTO CIGLIANO MD	BOARD OF DIRECTORS	3.00	Director	$0	$0	$0
GEORGE FERENCZI MD	BOARD OF DIRECTORS	3.00	Director	$0	$0	$0
LISA FUERST	BOARD OF DIRECTORS	3.00	Director	$0	$0	$0
NAJI KANDALAFT MD	BOARD OF DIRECTORS	3.00	Director	$0	$0	$0
ANNA LEUNG MD	BOARD OF DIRECTORS	3.00	Director	$0	$0	$0
ARTHUR LUDWICK	BOARD OF DIRECTORS	3.00	Director	$0	$0	$0
LUCRECIA MONTES PHARMD IHM	BOARD OF DIRECTORS	3.00	Director	$0	$0	$0
BILL TANG MD	BOARD OF DIRECTORS	3.00	Director	$0	$0	$0
SHARON YEE MD	BOARD OF DIRECTORS	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	$84,120,791	$81,764,127	$104,351,766	$2,356,664
2022	$75,573,707	$77,840,296	$104,337,236	$-2,266,589
2021	$75,744,646	$76,250,943	$101,277,716	$-506,297
2020	$70,433,153	$70,683,966	$95,197,171	$-250,813
2019	$75,419,911	$74,726,824	$115,274,479	$693,087

EMANATE HEALTH