MAYO HEALTHCARE INC (EIN 030140186) - 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

1939

Legal Domicile

Principal Officer

SHELLIE STEVENS

Phone

8024853161

Tax Period

2024-01-01 to 2024-12-31

MAYO HEALTHCARE INC, founded in 1939, is a mid-sized nonprofit in the Health Care sector that reported $10.9M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $9.9M left a modest 9% surplus.

Mission

PROVIDE QUALITY HEALTHCARE TO COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $65,313

Program Service Revenue $10,628,727

Investment Income $143,556

Other Revenue $61,940

TOTAL REVENUE $10,899,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,907,264

Fundraising Expenses $0

Program Expenses $8,460,131

Other Expenses $3,003,425

TOTAL EXPENSES $9,910,689

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,899,536	$9,161,185	+0.2%
Expenses	$9,910,689	$9,420,839	+0.1%
Net Income	$988,847	$-259,654	-4.8%

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

198

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

$185,004

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHELLIE STEVENS	ADMINISTRATO	40.00	Officer	$152,150	$32,854	$185,004
JAMIE BARITEAU	APRN/ NURSE	40.00	Highest	$141,265	$23,000	$164,265
NICOLE POWERS	STAFF DEVELO	40.00	Highest	$120,909	$25,334	$146,243
HEIDI PASSALACQUA	CLINICAL LIA	40.00	Highest	$116,234	$13,933	$130,167
CRYSTAL PETERSON	DNS/RN	40.00	Highest	$115,561	$10,464	$126,025
MEGAN CICIO	VICE PRESIDE	1.00	Director	$0	$0	$0
WENDY HOLT	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH P O'BRIEN	PRESIDENT	1.00	Director	$0	$0	$0
JIM ROUX	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE SCOTT	TREASURER	1.00	Director	$0	$0	$0
ELLEN WEIGEL	TRUSTEE	1.00	Director	$0	$0	$0
KIM WHITCOMB	SECRETARY	1.00	Officer 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	$10,899,536	$9,910,689	$7,995,630	$988,847
2023	$9,161,185	$9,420,839	$7,701,679	$-259,654
2022	$8,716,853	$8,835,417	$7,542,378	$-118,564
2021	$7,941,642	$8,313,462	$7,825,678	$-371,820
2020	$9,232,163	$8,797,978	$7,916,714	$434,185
2019	$8,329,465	$8,316,978	$7,098,311	$12,487
2018	$8,028,662	$8,021,482	$6,898,730	$7,180

MAYO HEALTHCARE INC