Sharp Healthcare (EIN 956077327) - 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

1946

Legal Domicile

Phone

8584995150

Tax Period

2023-10-01 to 2024-09-30

Sharp Healthcare, founded in 1946, is a large national nonprofit in the Health Care sector that reported $1.8B in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $2.2B exceeded revenue, resulting in a 25% operating deficit.

Mission

The organization's primary exempt purpose is to provide administrative support to its tax-exempt subsidiaries. In addition, outpatient services are provided to patients within the greater San Diego area through multispecialty medical group practices. Community members are offered a number of benefit services to assist them in obtaining treatment, and information is provided on topics ranging from disease prevention to improvement of health status.

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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 $9,100,749

Program Service Revenue $1,608,333,384

Investment Income $89,589,419

Other Revenue $51,682,023

TOTAL REVENUE $1,758,705,575

Expense Breakdown

Grants Paid $640,066

Salaries & Benefits $673,489,355

Fundraising Expenses $6,199,054

Program Expenses $1,558,597,254

Other Expenses $1,523,871,959

TOTAL EXPENSES $2,198,001,380

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,758,705,575	$1,904,754,700	-0.1%
Expenses	$2,198,001,380	$2,040,963,682	+0.1%
Net Income	$-439,295,805	$-136,208,982	+2.2%

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

30897

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

$4,610,055

Total Directors

$2,639,223

Key Employees

$9,136,435

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher D Howard	PRESIDENT & CEO SHC	40.0	Officer Director	$2,449,448	$17,675	$2,467,123
Eugene Mitchell	CHAIR	1.0	Officer Director	$0	$0	$0
John Wylie	TREASURER	2.0	Officer Director	$0	$0	$0
Sara Bennett	SECRETARY	3.0	Officer Director	$0	$0	$0
Tony Costa	VICE CHAIR	2.0	Officer Director	$0	$0	$0
Alan Bier MD	DIRECTOR	4.0	Director	$0	$0	$0
Andy Dang MD	DIRECTOR	1.0	Director	$0	$0	$0
Bob Bolinger	DIRECTOR	1.0	Director	$0	$0	$0
Craig Saffer MD	DIRECTOR	2.0	Director	$0	$0	$116,700
Daniel Gensler	DIRECTOR THRU 05/31/2024	3.0	Director	$0	$0	$0
Debora Burke	DIRECTOR THRU 07/31/2024	2.0	Director	$0	$0	$0
Deirdre Alpert	DIRECTOR THRU 05/31/2024	4.0	Director	$0	$0	$0
Elvin Lai	DIRECTOR	2.0	Director	$0	$0	$0
Eric Clark Jr MD	DIRECTOR THRU 12/31/2023	2.0	Director	$0	$0	$39,200
Guillermo Cabrera	IMMEDIATE PAST CHAIR	2.0	Director	$0	$0	$0
Hugo Barrera MD	DIRECTOR THRU 05/31/2024	1.0	Director	$0	$0	$4,900
John Dunn	DIRECTOR	3.0	Director	$0	$0	$0
Julie Coker	DIRECTOR	2.0	Director	$0	$0	$0
Lisa Arnold	DIRECTOR AS OF 10/01/2023	2.0	Director	$0	$0	$0
Lori Moore	DIRECTOR	2.0	Director	$0	$0	$0
Marc Brutten	DIRECTOR	2.0	Director	$0	$0	$0
Marilyn Norton MD	DIRECTOR AS OF 06/01/2024	2.0	Director	$0	$0	$2,450
Randolph Lenac	DIRECTOR THRU 05/31/2024	2.0	Director	$0	$0	$0
Rebeca Perez-Serrano	DIRECTOR	8.0	Director	$0	$0	$0
Regina Petty	DIRECTOR	2.0	Director	$0	$0	$0
Renetta Haas	DIRECTOR AS OF 01/01/2024	2.0	Director	$0	$0	$0
Sergio Flores MD	DIRECTOR	2.0	Director	$0	$0	$0
Stephen Summers MD	DIRECTOR AS OF 01/01/2024	2.0	Director	$0	$0	$8,850
Sydney Stanley	DIRECTOR AS OF 07/01/2024	2.0	Director	$0	$0	$0
Valerie Shadroff	DIRECTOR AS OF 07/01/2024	2.0	Director	$0	$0	$0
Doug Watson	SVP & CFO SHC THRU 2/2/2024	44.0	Officer	$804,905	$0	$804,905
Rick L Grossman	SVP GENERAL COUNSEL	45.0	Officer	$1,326,965	$11,062	$1,338,027
Susan Green	EVP & CFO SHC AS OF 1/15/2024	44.0	Officer	$0	$0	$0
Brett G McClain	CHIEF OPERATING OFFICER SHC	26.0	Key Emp	$1,655,296	$17,675	$1,672,971
Cynthia Johnson	SVP HR & TALENT MGMT	45.0	Key Emp	$691,567	$8,120	$699,687
Patricia Khaleghi	SVP MARKET CEO	8.0	Key Emp	$1,110,044	$35,877	$1,145,921
Stacey Hrountas	CEO SRS	60.0	Key Emp	$1,006,069	$34,022	$1,040,091
Susan Stone	SVP HEALTH SYSTEM OPS AND SYSTEM CHIEF NURSING EXEC	40.0	Key Emp	$850,407	$22,549	$872,956
Timothy B Smith	CEO SMH THRU 06/2023	10.0	Key Emp	$831,532	$17,513	$849,045
William Littlejohn	SVP, CEO FOUNDATIONS	5.0	Key Emp	$1,623,356	$22,793	$1,646,149
William S Evans	SVP MARKET CEO	12.0	Key Emp	$1,186,360	$23,255	$1,209,615
Alison Fleury	SVP BUSINESS DEVELOPMENT	48.0	Highest	$760,157	$25,041	$785,198
Amy Adome	SVP CHIEF CLINICAL AND TRANSFORMATION OFFICER	40.0	Highest	$809,175	$10,812	$819,987
Jolee Bollinger	VP DEPUTY GENERAL COUNSEL	40.0	Highest	$698,908	$18,560	$717,468
Michael Reagin	SVP CIIO	48.0	Highest	$1,326,329	$17,675	$1,344,004
Paul Durr	CEO-SCMG	60.0	Highest	$834,164	$36,830	$870,994
Lisa Allen	FORMER KEY EMPLOYEE	0.0		$1,153,174	$0	$1,153,174
Pablo Velez-Carrillo	FORMER KEY EMPLOYEE	0.0		$1,010,479	$7,655	$1,018,134
Staci L Dickerson	FORMER OFFICER	0.0		$958,272	$24,847	$983,119

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	$1,758,705,575	$2,198,001,380	$6,073,527,629	$-439,295,805
2023	$1,904,754,700	$2,040,963,682	$5,014,491,088	$-136,208,982
2022	$2,370,888,826	$1,934,193,434	$4,882,274,751	$436,695,392
2021	$1,723,734,140	$1,879,739,547	$5,325,617,287	$-156,005,407
2020	$1,636,198,372	$1,762,599,312	$4,493,325,854	$-126,400,940
2019	$1,680,459,640	$1,707,520,713	$3,891,858,061	$-27,061,073
2018	$1,588,998,688	$1,599,059,812	$3,699,480,680	$-10,061,124

Sharp Healthcare