Huggins Hospital (EIN 020223332) - 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

1907

Legal Domicile

Principal Officer

Jeremy Roberge

Phone

6035697571

Tax Period

2023-10-01 to 2024-09-30

Huggins Hospital, founded in 1907, is a major nonprofit in the Health Care sector that reported $108.9M in total revenue in fiscal year 2023. Expenses of $100.2M left a modest 8% surplus.

Mission

Critical Access Hospital

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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 $1,224,607

Program Service Revenue $103,575,865

Investment Income $4,047,487

Other Revenue $95,954

TOTAL REVENUE $108,943,913

Expense Breakdown

Grants Paid $58,192

Salaries & Benefits $54,653,386

Fundraising Expenses $284,655

Program Expenses $80,780,302

Other Expenses $45,464,508

TOTAL EXPENSES $100,176,086

Year-over-Year Comparison

	2023	2022	Change
Revenue	$108,943,913	$104,448,903	+0.0%
Expenses	$100,176,086	$98,148,099	+0.0%
Net Income	$8,767,827	$6,300,804	+0.4%

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

612

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

$899,709

Total Directors

$1,951,942

Key Employees

$1,077,645

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Corrine Smith RN	Chairman	2.00	Officer Director	$0	$0	$0
Michael L'Ecuyer	Vice Chairman	2.00	Officer Director	$0	$0	$0
Susan John	Assistant Treasurer	2.00	Officer Director	$0	$0	$0
James Cubeddu PA-C	Secretary	40.00	Officer Director	$149,722	$20,839	$170,561
Kathy Barnard	Trustee	2.00	Director	$0	$0	$0
Cecile Chase	Trustee	2.00	Director	$0	$0	$0
Jamison Costello DO	Trustee/Med. Staff President	40.00	Director	$221,107	$47,445	$268,552
Christian Coulter	Trustee	2.00	Director	$0	$0	$0
Michael Gallup	Trustee	2.00	Director	$0	$0	$0
Les MacLeod	Trustee	2.00	Director	$0	$0	$0
Diana Scott	Trustee	2.00	Director	$0	$0	$0
Don Smith	Trustee	2.00	Director	$0	$0	$0
Alex Walker Esq	Trustee	1.00	Director	$0	$351,171	$1,068,696
Howie Knight	Past Treasurer	2.00	Officer Director	$0	$0	$0
Jeremy Roberge	President & CEO	40.00	Officer Director	$406,600	$37,533	$444,133
Joshua Upham	CFO	40.00	Officer	$264,122	$20,893	$285,015
Barry Gendron	Chief Medical Officer	40.00	Key Emp	$364,568	$18,036	$382,604
Stacey Savage	Chief Nursing Officer	40.00	Key Emp	$216,076	$6,218	$222,294
Monica O'Clair	Chief Strategy Officer	40.00	Key Emp	$201,493	$35,480	$236,973
Joseph Mann	VP Information Technology	40.00	Key Emp	$192,305	$43,469	$235,774
Brent Richardson	Surgeon	40.00	Highest	$290,436	$20,097	$310,533
Jeremy Paul Hogan	Surgeon	40.00	Highest	$488,084	$48,728	$536,812
Thomas Varney	Surgeon	40.00	Highest	$506,818	$51,362	$558,180
Eric Lewis	Physician	40.00	Highest	$290,013	$42,628	$332,641
Joel Huleatt	Surgeon	40.00	Highest	$477,798	$55,784	$533,582
John S Boornazian	Former Chief Medical Officer	24.00		$160,360	$8,015	$168,375

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	$108,943,913	$100,176,086	$172,070,699	$8,767,827
2023	$104,448,903	$98,148,099	$156,750,032	$6,300,804
2022	$96,838,738	$93,642,279	$150,852,808	$3,196,459
2021	$92,166,408	$79,865,184	$178,261,759	$12,301,224
2020	$72,463,424	$68,252,278	$164,534,841	$4,211,146
2019	$70,478,588	$65,234,739	$131,136,061	$5,243,849
2018	$65,111,042	$60,000,565	$129,611,755	$5,110,477

Huggins Hospital