Springfield Hospital Inc (EIN 030179437) - 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

1914

Legal Domicile

Principal Officer

Robert Adcock

Phone

8028852151

Tax Period

2023-10-01 to 2024-09-30

Springfield Hospital Inc, founded in 1914, is a mid-sized nonprofit in the Health Care sector that reported $64.2M in total revenue in fiscal year 2023.

Mission

25-Bed 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 $515,858

Program Service Revenue $63,477,734

Investment Income $230,781

Other Revenue $1,626

TOTAL REVENUE $64,225,999

Expense Breakdown

Grants Paid $4,000

Salaries & Benefits $25,366,153

Fundraising Expenses $0

Program Expenses $53,622,921

Other Expenses $39,440,048

TOTAL EXPENSES $64,810,201

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,225,999	$59,821,130	+0.1%
Expenses	$64,810,201	$60,539,949	+0.1%
Net Income	$-584,202	$-718,819	-0.2%

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

459

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

$621,141

Total Directors

$244,030

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jim Rumrill	Chairperson	2.00	Officer Director	$0	$0	$0
Lynn Raymond-Empey	Vice Chairperson	2.00	Officer Director	$0	$0	$0
John Bond	Secretary & Interim Treasurer	2.00	Officer Director	$0	$0	$0
Thusitha Cotter MD	Director	40.00	Director	$244,030	$0	$244,030
Heather Frahm	Director	1.00	Director	$0	$0	$0
Marty Gallagher	Director	1.00	Director	$0	$0	$0
Stephen LeBlanc	Director	1.00	Director	$0	$0	$0
Walter Martone	Director	1.00	Director	$0	$0	$0
Doug Nilson MD	Director	40.00	Director	$0	$0	$0
Gabriel St Pierre	Director	1.00	Director	$0	$0	$0
Richard Root EdP ABPP	Director	1.00	Director	$0	$0	$0
Robert Adcock	CEO/President	40.00	Officer	$347,016	$15,029	$362,045
Kayda Wescott	CFO	40.00	Officer	$213,676	$45,420	$259,096
David Muller MD	Physician	40.00	Highest	$671,733	$38,368	$710,101
Robert Cantu MD	Physician	40.00	Highest	$562,111	$18,576	$580,687
John Ciocchi MD	Physician	40.00	Highest	$370,334	$3,810	$374,144
Kira Balkcom MD FACOG	Physician	40.00	Highest	$351,433	$42,882	$394,315
Ian Odigie DPM	Podiatrist	40.00	Highest	$255,246	$47,274	$302,520
Lyndsy McIntyre	Former COO/CNO	0.00		$327,146	$12,093	$339,239

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	$64,225,999	$64,810,201	$36,421,061	$-584,202
2023	$59,821,130	$60,539,949	$32,855,951	$-718,819
2022	$61,425,493	$58,062,713	$30,767,524	$3,362,780
2021	$54,839,475	$53,300,753	$28,932,259	$1,538,722
2020	$47,698,440	$52,357,825	$28,092,094	$-4,659,385
2019	$50,195,187	$64,075,139	$23,192,779	$-13,879,952
2018	$56,239,401	$63,538,523	$35,760,253	$-7,299,122

Springfield Hospital Inc