WEEKS MEDICAL CENTER (EIN 020222242) - 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

1948

Legal Domicile

Principal Officer

MICHAEL D LEE

Phone

6037884911

Tax Period

2023-10-01 to 2024-09-30

WEEKS MEDICAL CENTER, founded in 1948, is a mid-sized nonprofit in the Health Care sector that reported $95.6M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HIGH QUALITY AND EFFICIENT HEALTH CARE 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 $1,275,232

Program Service Revenue $91,119,561

Investment Income $1,928,395

Other Revenue $1,307,637

TOTAL REVENUE $95,630,825

Expense Breakdown

Grants Paid $224,260

Salaries & Benefits $38,030,886

Fundraising Expenses $0

Program Expenses $74,549,396

Other Expenses $54,988,505

TOTAL EXPENSES $93,243,651

Year-over-Year Comparison

	2023	2022	Change
Revenue	$95,630,825	$86,911,429	+0.1%
Expenses	$93,243,651	$88,104,263	+0.1%
Net Income	$2,387,174	$-1,192,834	-3.0%

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

377

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

$1,798,266

Total Directors

$1,069,790

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK MORGAN MD	CMO	40.00	Director	$612,823	$27,666	$640,489
AMBER SCHMIDT	MEDICAL STAFF PRESIDENT	40.00	Officer Director	$287,809	$14,315	$302,124
RUBY BERRYMAN	ACTING CHAIR/VICE CHAIR	1.00	Officer Director	$0	$0	$0
DENNIS COUTURE	VICE CHAIR (THRU 09/24)	1.00	Officer Director	$0	$0	$0
CHARLIE COTTON	TREASURER	1.00	Officer Director	$0	$0	$0
DENISE BRISSON	DIRECTOR (THRU 04/24)	1.00	Director	$0	$0	$0
SCOTT BURNS	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY CONNOLLY	DIRECTOR	1.00	Director	$0	$0	$0
SARAH DESROCHERS	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM EVERLETH	DIRECTOR (THRU 09/24)	1.00	Director	$0	$3,954	$127,177
MICHAEL FOSTER	DIRECTOR (THRU 04/24)	1.00	Director	$0	$0	$0
STANLEY HOLZ	DIRECTOR (THRU 04/24)	1.00	Director	$0	$0	$0
SHARON KOPP	DIRECTOR (THRU 08/24)	1.00	Director	$0	$0	$0
FRANCES LADUKE	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD SAMSON III	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS MEE	SYSTEM CEO	1.00	Officer	$0	$18,318	$724,548
MICHAEL D LEE	PRESIDENT/CEO	40.00	Officer	$383,255	$9,940	$393,195
MATTHEW STREETER	SYSTEM CFO	1.00	Officer	$0	$20,804	$378,399
PROUSKEH EBRAHIMPOUR	PHYSICIAN	40.00	Highest	$587,507	$11,617	$599,124
JOHN FORD	PHYSICIAN	40.00	Highest	$554,404	$17,440	$571,844
ELISABETH MOORE	ED PHYSICIAN	40.00	Highest	$530,237	$28,825	$559,062
MATTHEW JONES	PHYSICIAN	40.00	Highest	$437,489	$27,810	$465,299
RYAN BRASS	PHYSICIAN	40.00	Highest	$421,766	$23,663	$445,429

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	$95,630,825	$93,243,651	$69,767,089	$2,387,174
2023	$86,911,429	$88,104,263	$71,649,472	$-1,192,834
2022	$76,173,363	$73,262,968	$76,551,082	$2,910,395
2021	$69,251,055	$63,519,364	$93,203,469	$5,731,691
2020	$61,689,865	$56,343,041	$92,603,523	$5,346,824
2019	$56,271,945	$52,826,057	$71,761,599	$3,445,888
2018	$53,360,682	$48,027,785	$64,012,900	$5,332,897

WEEKS MEDICAL CENTER