PORTER MEDICAL CENTER

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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

1986

Legal Domicile

Principal Officer

BOB ORTMYER

Phone

8023884701

Tax Period

2023-10-01 to 2024-09-30

PORTER MEDICAL CENTER, founded in 1986, is a community nonprofit in the Health Care sector that reported $5.5M in total revenue in fiscal year 2023. Expenses of $4.9M left a modest 11% surplus.

Mission

THE MISSION OF PORTER MEDICAL CENTER ("PMC") IS TO IMPROVE THE HEALTH OF OUR COMMUNITY, ONE PATIENT AT A TIME.PMC IS ALSO THE PARENT HOLDING COMPANY FOR SUBSIDIARIES, PORTER HOSPITAL, INC. AND HELEN PORTER NURSING HOME, INC., AND PROVIDES ADMINSTRATIVE AND CERTAIN OTHER SERVICES TO PMC SUBSIDIARIES.

Program Service Accomplishments

Program 1

Expenses: $576,140 Revenue: $5,255,626

PMC MANAGED DIRECT PUBLIC SUPPORT AND PROVIDED ADMINISTRATIVE SERVICES FOR RELATED ENTITIES. THESE SERVICES RELATE TO AND SUPPORT THE OPERATION OF A 25-BED CRITICAL ACCESS HOSPITAL AND A 98-BED...

PMC MANAGED DIRECT PUBLIC SUPPORT AND PROVIDED ADMINISTRATIVE SERVICES FOR RELATED ENTITIES. THESE SERVICES RELATE TO AND SUPPORT THE OPERATION OF A 25-BED CRITICAL ACCESS HOSPITAL AND A 98-BED NURSING HOME AND REHABILITATION CENTER.

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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 $135,371

Program Service Revenue $5,255,626

Investment Income $77,201

Other Revenue $0

TOTAL REVENUE $5,468,198

Expense Breakdown

Grants Paid $400

Salaries & Benefits $4,201,942

Fundraising Expenses $235,420

Program Expenses $576,140

Other Expenses $674,514

TOTAL EXPENSES $4,876,856

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,468,198	$5,109,744	+0.1%
Expenses	$4,876,856	$4,602,860	+0.1%
Net Income	$591,342	$506,884	+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

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

$736,306

Total Directors

$408,217

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICIA GRANGENT	DIRECTOR	2.00	Director	$0	$0	$0
DR KRISTOFER ANDERSON	DIRECTOR	2.00	Director	$0	$35,728	$408,217
JUDSON BARTLETT	DIRECTOR	2.00	Director	$0	$0	$0
MEGAN BRAKELEY	DIRECTOR	2.00	Director	$0	$0	$0
ANNE COLLINS	DIRECTOR	2.00	Director	$0	$0	$0
SIVAN COTEL	DIRECTOR (TIL 12/2023)	2.00	Director	$0	$0	$0
BILL CUNNINGHAM	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW CURRAN	TREASURER	2.00	Officer Director	$0	$0	$0
KIM FARNHAM	CHAIR	2.00	Officer Director	$0	$0	$0
RICHARD FOOTE	DIRECTOR (TIL 12/2023)	2.00	Director	$0	$0	$0
NICHOLAS LOVEJOY	SECRETARY	2.00	Officer Director	$0	$0	$0
LINDA SCHIFFER	DIRECTOR	2.00	Director	$0	$0	$0
HELENA VAN VOORST	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SMITA RUZIKA	DIRECTOR (AS OF 01/2024)	2.00	Director	$0	$0	$0
RACHEL LEE CUMMINGS	DIRECTOR (AS OF 01/2024)	2.00	Director	$0	$0	$0
JULIA GRAND DOUCET	DIRECTOR (AS OF 01/2024)	2.00	Director	$0	$0	$0
BOB ORTMYER	PRES, ECH & PMC	15.00	Officer	$0	$62,284	$425,045
SCOTT COMEAU	CFO	15.00	Officer	$269,533	$41,728	$311,261
LINDA HAVEY	AVP CHIEF NURSING OFFICER	15.00	Highest	$245,093	$12,116	$257,209
BRANDI BETCHER HELM	AVP OPERATIONS	22.50	Highest	$210,739	$10,024	$220,763
DEBBIE DABROWSKI	DIR OF FIN & ACCT	15.00	Highest	$145,269	$33,034	$178,303
AMY BARR	DIR DEVELOPMENT	45.00	Highest	$141,610	$4,416	$146,026
PAUL DOW	NUTRITION SRV MGR (TIL 08/2024)	45.00	Highest	$120,273	$15,084	$135,357
TOM THOMPSON	FMR PRES & COO	0.00		$446,499	$11,310	$457,809
JUDY PEEK-LEE	FMR INTERIM CFO	0.00		$0	$39,318	$430,854

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	$5,468,198	$4,876,856	$8,079,535	$591,342
2023	$5,109,744	$4,602,860	$5,765,996	$506,884
2022	$5,357,232	$4,899,053	$5,557,622	$458,179
2021	$5,336,295	$4,753,300	$5,973,516	$582,995
2020	$5,019,631	$4,486,388	$5,616,972	$533,243
2019	$5,582,947	$5,210,634	$5,773,094	$372,313
2018	$4,688,840	$4,269,605	$5,103,368	$419,235